Mark Zuckerberg will sell a large number of Facebook shares over the next 18 months in sales that would be worth between $6 billion and $12.8 billion based on the stock’s current price. The intention to sell between 35 million and 75 million shares was disclosed in a Facebook securities filing late Friday. Proceeds of […]
Read moreUnder investor pressure, Facebook is squashing a proposed ownership structure that would allow CEO Mark Zuckerberg to retain voting control of the company — even as he sold millions of his shares of company stock. Last year, some shareholders filed a class action lawsuit to block Facebook from issuing reclassified C shares, which would allow […]
Read moreFacebook on Friday settled a lawsuit over issuing reclassified shares that some investors argued would decrease the value of their investment. The class action shareholder lawsuit was intended to block Facebook from issuing reclassified C shares, which some investors argued could cause shares to lose billions of dollars of value when they were traded. The […]
Read moreFor some older people, just downloading an app or successfully navigating certain websites might seem like cause for quiet celebration. But not Shirley M. McKerrow, a retired business owner and politician from Darwin, Australia. Ms. McKerrow, who is 84, revels in the thought of learning to develop those same apps and websites. Last year, she […]
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Apple shed more than $50 billion from its market value in the days since it unveiled its latest line of products, according to CNBC analysis of FactSet data. The company released a new line of products on Sept. 12: The iPhone X, iPhone 8, iPhone 8 Plus, Apple TV 4K, and Apple Watch Series 3. […]
Read moreIn the summer of 2011, after graduating from Harvard Business School and finishing active duty with the Marine Corps, Nick Taranto got a job at Goldman Sachs. “I was miserable working working on Wall Street and I was gone within seven months,” Taranto tells CNBC Make It. He left in January 2012 to start his […]
Read moreAmazon showed it remains committed to the restaurant delivery business Friday by announcing a new partnership with Olo, a restaurant ordering software maker. The partnership will give Amazon access to the thousands of restaurant customers using Olo’s software, potentially opening up a huge untapped market for Amazon Restaurants, its food delivery service. GrubHub, the leader […]
Read moreBoeing Defense, Space and Security division CEO Leanne Caret told CNBC that the aerospace giant is putting a new emphasis on space investment because of the rapidly changing landscape of the industry. In an exclusive interview earlier this week, Caret called the company’s satellite business and space exploration two “key” opportunities to generate more growth. […]
Read moreA team of researchers has developed a simple paper-based test that can in a matter of seconds detect whether a person has recently been using cocaine. The method can potentially be applied to a variety of substances. The researchers plan to make a business case for the technique as a safe, rapid and highly accurate […]
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Digital currency trading is exploding and daily volume could “soon” surpass that of Apple, according to a strategist closely followed by hedge funds. “Cryptocurrency trading volume is now more than of $3bn/day on average, and will likely soon surpass that of the world’s most liquid stock: Apple ($4bn/day),”Jens Nordvig, founder and CEO of Exante Data, […]
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