Billionaires Richard Branson and Bill Gates are both into it. So is legendary General Electric CEO Jack Welch. Elon Musk‘s brother Kimbal is too. Then there’s the venture capital firm DJF, which invested in Tesla, SpaceX and Skype, and food and agriculture behemoth Cargill. What’s got such a diverse group of successful leaders excited? Meat […]
Read moreLinkedIn co-founder Reid Hoffman’s first big win in business came at PayPal, where he was an executive vice president when eBay bought the company for $1.5 billion in 2002. But fifteen years later his experiences at PayPal make it hard for him to stomach investments in the payments space, Hoffman told CNBC’s Jon Fortt in […]
Read moreHTC, once a well-known smartphone maker, is reportedly looking to sell part or all of its business, according Bloomberg. HTC made its name building smartphones for carriers before launching HTC-branded devices, such as the popular One M7 that it sold several years ago. As competition from Samsung and Apple ramped up, however, HTC had a […]
Read moreThere aren’t many video game franchises that can be called “sure things,” but the “Madden” series is about as close as you can get. Since 1988, the football simulator from Electronic Arts has captured player attention and its release is considered the flagpole event that kicks off the industry’s holiday season. And it’s always among […]
Read moreThe city of East Palo Alto, a wedge of modest houses and light industrial sites in the heart of Silicon Valley, has been passed by in the great tech boom. A historically black area, it has seen a big Hispanic influx in the past two decades, with more than three out of four residents now […]
Read moreIowa has approved a deal to give Apple $208 million in state and local tax benefits to build two data storage centers near Des Moines and the promise to create 50 jobs. The deal approved Thursday by the Iowa Economic Development Authority includes a refund of $19.6 million in state sale taxes for Apple and […]
Read moreFacebook turns off more than 1 million accounts a day as it struggles to keep spam, fraud and hate speech off its platform, its chief security officer says. Still, the sheer number of interactions among its 2 billion global users mean it can’t catch all “threat actors,” and it sometimes removes text posts and videos […]
Read moreFor nearly five years, Sam Altman, a self-made multimillionaire and president of top Silicon Valley start-up incubator Y Combinator, had to live with his three siblings as roommates thanks to San Francisco’s astronomical housing prices. “All of my siblings were living in my house in San Francisco because they couldn’t afford rent otherwise,” Altman tells […]
Read moreStart-ups valued at $1 billion or more used to be so rare that they were dubbed “unicorns.” Now, they number 215, according to CB Insights estimates. That’s no coincidence, according to LinkedIn co-founder Reid Hoffman, who spoke to CNBC’s Jon Fortt this week. Public markets have made it clear that a successful technology platform is […]
Read moreSeth Klarman is a value investing giant who draws comparisons to Warren Buffett and is one of the most successful hedge fund managers still working today. His firm has amassed $30 billion of assets under management through the end of 2016. But it’s hard to follow Klarman since he is so reclusive. The investor did, […]
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