Pinterest is beefing up its management ranks ahead of an expected IPO filing sometime next year. The company is hiring Facebook’s director of corporate development, Gary Johnson, to join PInterest as its head of corporate and business development. Johnson will “focus on leading strategy for key global business initiatives and growing and scaling Pinterest’s corporate […]
Read moreBillionaire investor Marc Lasry told CNBC on Thursday that he should’ve bought bitcoin when it was at $300 just a couple years ago. The cryptocurrency, which began 2017 below $1,000 per unit, blasted through $19,000 on Thursday, surging more than $7,000 in less than two days on Coinbase, a main trading platform. But Lasry said […]
Read moreYelp browsers’ lack of loyalty and the company’s reliance on Facebook and Google to direct traffic to its site add up to an uncertain future, according to Piper Jaffray. The restaurant and local business customer review site is losing strategic value as the importance of long-form reviews withers with the rise of quick posting on […]
Read moreTake that Elon Musk! Boeing will beat SpaceX to Mars, CEO Dennis Muilenburg told CNBC. Musk has made it clear that sending humans to Mars is one of his primary goals, even saying it is the reason he started SpaceX in the first place. But Boeing is in the final assembly stages of building a […]
Read moreDell Technologies — which includes seven businesses Dell, Dell EMC, Pivotal, RSA, Secureworks, Virtustream, VMware — has 140,000 employees. In the most recent financial quarter, Dell Technologies saw more than $19 billion in revenue, according to the company’s financials. That’s a far cry from where Dell started. Billionaire founder, CEO and Chairman Michael Dell launched […]
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ARTIFICIAL intelligence (AI) has already changed some activities, including parts of finance like fraud prevention, but not yet fund management and stock-picking. That seems odd: machine learning, a subset of AI that excels at finding patterns and making predictions using reams of data, looks like an ideal tool for the business. Yet well-established “quant” hedge […]
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A BOA constrictor swallowing capitalism. A cyclone dragging the economy into its vortex. If you look back at how people described Walmart a decade ago, it is eerily similar to how Amazon is viewed now. The supermarket chain has “a scale of economic power we haven’t encountered before”, warned “The Walmart Effect”, a best selling […]
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ON NOVEMBER 30th, as oil tsars from the Organisation of the Petroleum Exporting Countries (OPEC) and Russia met in Vienna, Venezuela’s former oil minister, Eulogio del Pino, once one of their number, was seized by armed guards at dawn in Caracas, and taken to jail. His arrest was not publicly acknowledged in Vienna. His replacement, […]
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MCDONALD’S drew ridicule in China when it changed its registered name there to Jingongmen, or “Golden Arches”, in October, after it was sold to a Chinese consortium. Some on Weibo, a microblogging site, thought it sounded old-fashioned and awkward, others that it had connotations of furniture. The fast-food chain was quick to reassure customers that […]
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FOR millennia, man has broken rocks. Whether with pickaxe or dynamite, their own or animal muscle, in a digger or a diesel truck, thick-necked miners have been at the centre of an industry that supplies the raw materials for almost all industrial activity. Making mining more profitable has long involved squeezing out more tonnes of […]
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