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Andrew Left has set his short-selling sights on Facebook. Citron Research’s short seller believes the company “is losing an extensive amount of relevancy,” According to CNBC. He believes Facebook is a good company but that it “just will not be a $330 billion company in a year,” he said in a CNBC interview. Facebook shares fell […]
Microsoft is buying LinkedIn for $26.2 billion. The tech giant announced the deal on Monday. Microsoft will pay $196 per share for the social enterprise company. LinkedIn CEO Jeff Weiner will remain CEO of the professional social network, and will report directly to Microsoft CEO Satya Nadella. The company says LinkedIn will maintain its “distinct brand, […]
Former New York City mayor and multi-billionaire businessman Michael Bloomberg knows exactly what he wants in a perfect job candidate and it’s not what you would expect. Bloomberg employs about 19,000 people in nearly 200 countries but his ideal candidate is someone who understands how to deal with a struggle. Speaking to a group of […]
Facebook, Dell, Napster. What do those three businesses have in common? They all started in college dorm rooms. While most college students are not going to start the next Facebook in their door rooms, they can pick up some decent spending cash and even pay for their tuition, room & board, and other college expenses, […]
Workers at Asia factories that supply Walmart, H&M and Gap are still being exploited in sweatshop conditions, according to a new report released Tuesday by the Asia Floor Wage Alliance. Bangladesh, Cambodia, India and Indonesia who make clothes for Walmart ( The report says employees in Bangladesh, Cambodia, India and Indonesia are making clothes for Walmart under […]
Uber driver Paul English isn’t your typical ride-sharing business owner. In 2012, he sold his internet travel service Kayak to Priceline for $1.8 billion. After the sale, English realized most of his outings were with tech and nonprofit people, Inc.com explained. Wanting to expand his horizons he started driving for Uber. In his Tesla Model […]
Companies these days are no stranger to donations of clothes, food, and other necessities to help people in need. Some companies, like Toms, donate shoes, while companies like Out of Print donate books to needy people around the world. But these 16 companies are special: they donate money, food, and their own products to shelters, […]
GoPro shares surged by 7% after the company announced a new investment from energy drink company Red Bull. The extreme sports camera equipment company has watched its stock plunge by 45% this year. Its shares are still trading 90% below its all-time high since going public in 2014. Red Bull is getting GoPro stock as […]
Chinese billionaire Wang Jianlin is hoping Disney will fail miserably with its new theme park set to open in Shanghai next month. Jianlin believes it will take the $5 billion park at least 10 to 20 years to turn a profit. Wang’s Dalian Wanda Group is also in the theme park business, and he says […]
Spotify just became much more competitive with Apple Music, dropping the cost of its family plan to $14.99 for up to six people in a household. Families can now subscribe to Spotify Premium for $14.99 per month and get six different Spotify accounts and profiles. Spotify introduced its family plan in 2014 but sold the […]
Over the years, we have been able to witness commencement speeches from some of the world’s most successful business minds. We have heard some memorable quotes that have inspired young graduates all over the United States. Commencement speeches are great to listen to because while the speaker is directing his or her speech to the […]
In the middle of layoffs that target thousands of current employees, IBM has also posted 20,000 current job openings. The company is in the middle of a transition from its software and services businesses to cloud-based offerings. That means firing employees who haven’t transitioned into the company’s new business while hiring workers who understand the […]
