His rose gold Rolex has been sold -- at a steep discount. The credit cards have been surrendered, the house foreclosed, the car repossessed. Steve Shiver, who formerly ran the ... Click to Continue >>
Lissa Minkin joined hardware company Tile in January 2018 after a disappointing holiday season that left the company scrambling financially. Her first order of business as the new VP of People and Workplace was to fire 30% of the startup's staff. As an HR veteran with experience at Facebook and eBay, Minkin then set out to rebuild trust among Tile's remaining employees and improve the company's culture. In a conversation with Business Insider, Minkin said the biggest mistake founders make once their companies enter high-growth stages is trying to let the culture happen on its own.
Hello! Direct-to-consumer brands like Away, Brooklinen, and SmileDirectClub grew up on Google, Facebook, and Instagram, upending the retail business along the way. Now, they're starting to broaden their horizons. "We found that digital platforms scaled well for our first few years, but we struggled to cut through the clutter and tell the story we wanted," Caroline Bank, associate director of marketing at ice-cream brand Halo Top, told my colleague Tanya Dua last month. That presents a sizeable opportunity.
People are worried robots will take their jobs. That's a legitimate fear sometimes, but it's not new. It is just another step in a process that started long ago. Simply stated, we believe in taking a realistic approach to the economy and investment markets that starts by stepping back from all the noise and fear in the daily news and, with the aid of our deep network, focusing on the search for the world's best income opportunities and for great companies doing great things--both in North America and around the world. Welcome to Mauldin Economics!
Singapore's Mapletree Investments is close to signing a deal to buy an office building in Dublin's Docklands for EUR240 million ($269 million), according to an account in the Irish Times. The state-backed real estate fund manager is said to be... Read More>> The post Mapletree Said Closing in on EUR240M Purchase of Dublin Office From M&G JV appeared first on Mingtiandi.
[East African] A long-running battle between the government of Tanzania and the country's largest gold mining company, Acacia Mining Plc, came to ahead this past week - with dire consequences for the many interests involved.
Why I Doubted Facebook Could Build A Billion Dollar Business, And What I Learned From Being Horribly Wrong At Andrewchen
Facebook, early 2006 Sometimes, you need to be horribly, embarrassingly wrong to remind yourself to keep an open mind. This is my story of my failure to understand Facebook's potential. In 2006, I was working on a new ad network business that experimented a lot with targeting ads with social network data, broadly known as "retargeting" now. The idea was that we'd be able to take your interests and target advertising towards them, which would lead to higher CPMs. As part of this project, we did a meeting with Facebook when they were ~12 people.
TOKYO -- India surpassed China as Asia's top market for venture capital-backed fintech funding amid Beijing's clampdown on peer-to-peer lending. According to a report by U.S. market research company CB Insights, funding for fintech startups in India jumped to $286 million in the first three months of the year, up nearly 27% from the previous quarter. In China, by contrast, such funding dropped to $192 million, a decrease of 89% compared to the previous quarter. In terms of deal numbers, the two countries were even, with India and China each racking up 29 deals.
CNO Financial Group's top executives are a conservative lot who have spent much of the past decade stabilizing and reducing the risk profile of the Carmel-based insurer. So imagine their surprise when they got caught up in what prosecutors have described as perhaps the biggest fraud since Bernie Madoff. The saga began in late 2013 with a deal CNO struck to offload exposure to long-term-care insurance policies that had the potential to saddle the company with big losses down the road.
(Bloomberg) -- Lucrative opportunities in technology stocks center around identifying shifts from an old way of doing things to a better way, like from email to instant messaging or from phoning in food orders to doing it online. Investing with that in mind for nearly a decade has helped Silicon Valley-based Light Street Capital beat the Nasdaq, according to Barron's in its May 27 issue. Since its July 2010 inception, the firm's long-short strategy has topped the Nasdaq's 17.5% net annualized return with one of 19.1%.