Instagram CEO Kevin Systrom had a key role to fill in early 2016. He was seeking to revamp the photo-sharing service he’d co-founded with Mike Krieger six years earlier, and which Facebook had bought in 2012. After keeping Instagram’s executive ranks intentionally small, Systrom was putting together a team to help him overhaul the site. […]
Read moreFears of a new dotcom bubble are beginning to rise, as investors question whether this year’s technology run – the S&P Information Technology Index is up more than 20 percent year-to-date – is building toward the same over-saturated scenario as nearly two decades ago. Yet Invesco’s John Frank believes the current tech run-up is not […]
Read moreCombatant Gentlemen, a technology-focused menswear start-up that developed a wide following for catering to “ballers on a budget,” has apologized for a litany of customer service problems that prompted angry clients to publicly shame the company. For at least several months, the start-up — which launched in 2012 to sell men’s clothing for bargain prices […]
Read moreRide-hailing apps such as Uber and Lyft have been so disruptive to New York City’s taxi industry, they are causing lenders to fail. Three New York-based credit unions that specialized in loaning money against taxi cab medallions, the hard-to-get licenses that allow the city’s traditional cab fleet to operate, have been placed into conservatorship as […]
Read moreFrom its humble beginnings as an online bookstore to its recent purchase of Whole Foods, Amazon dominates the retail landscape. As a result, it’s no surprise the company has been on a hiring spree in recent months. Just last year, Amazon hired 110,000 employees and plans to grow its full-time U.S.-based workforce to over 280,000 […]
Read moreUber’s board and shareholders have discussed selling some shares to SoftBank and other companies, Bloomberg reported Friday, citing people familiar with the matter. Venture capital firm Benchmark, one of Uber’s early investors, is among the investors in talks to sell shares, unnamed sources told Bloomberg. Such a deal could provide new money into the ride-hailing […]
Read moreThe head of Islamic State in Afghanistan, Abu Sayed, was killed in a strike on the group’s headquarters in Kunar province earlier this week, the Pentagon said on Friday. In a statement, Pentagon spokeswoman Dana White said the raid on Tuesday had killed other Islamic State members and would “significantly disrupt the terror group’s plans […]
Read moreDemand for single-family rental homes has never been stronger and, consequently, more investors are hoping to get in on the game. From large institutions buying thousands of homes to individual investors hoping to see strong returns on just a few properties, the competition is high. And so is the risk, especially for novices. New companies […]
Read moreGoogle just made it incredibly easy to back up everything on your computer with its new “Backup and Sync” tool for PC and Mac. Backing up is important — you’ve heard it a thousand times — but Google’s new solution also makes it easier to access your files on the go, or from a new […]
Read moreUber’s rival in Southeast Asia could be getting a huge influx of money from some powerful investors. Softbank is considering investing in Singapore-based ride-hailing company Grab, according to outlets like The Wall Street Journal and Bloomberg. Grab could be raising between $1.5 billion to $2 billion, various reports have estimated. Chinese ride-hailing giant Didi Chuxing […]
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