Quartz: Join our mission to make business better as Quartz becomes an independent media company. “Quartz is becoming an independent media company again. For the past two years, we have been owned by Uzabase, a publicly traded company based in Tokyo. That was helpful as we navigated a period of enormous change in digital media, […]
Barron’s: China Search Engine Sogou To Be Taken Private By Tencent. “Chinese search engine Sogou confirmed Tuesday it would be taken private by tech giant Tencent, in a deal that values the US-listed firm at around $3.5 billion. The announcement comes a day after Chinese internet giant Sina Corp, parent company of the country’s Twitter-like […]
Barron’s: The Pandemic Has Swelled the Ranks of Zombie Companies. Here’s How to Recognize Them.. “With Halloween near, investors need to keep an eye out for zombies. The pandemic has boosted the number of zombie companies—unprofitable, cash-poor firms that rely on financial markets to cover their costs—reports money manager Principal Global Investors. In the first […]
TechCrunch: Tech watchdog calls on Facebook Oversight Board members to demand real power or resign. “A new policy-focused nonprofit that emerged from the recent wave of big tech scrutiny is calling for members of Facebook’s Oversight Board to either step up or step down. In an open letter, Accountable Tech urges the five U.S.-based Facebook […]
New York Times: How Upbeat Vaccine News Fueled a Stock Surge, and an Uproar. “Moderna’s stock price jumped as much as 30 percent. Its announcement helped lift the stock market and was widely reported by news organizations, including The New York Times. Nine hours after its initial news release — and after the markets closed […]
Workday Minnesota: New Website Documents Accountability Track Records of CARES Act Recipients. “The non-profit Good Jobs First launched COVID Stimulus Watch. The website is a database of public traded companies awarded federal loans under the Paycheck Protection Program. The data collected shows that at least 16 of those corporations pay their workers less than the […]
CNBC: Public companies took far more small business loans than first thought — here’s the latest tally. “Even as the U.S. small business relief program is set to reopen Monday with fresh funding, the full extent that public companies tapped the emergency facility is only now becoming clear. More than 200 public companies applied for […]
Reuters: Which company just hit $1 trillion? Google it.. “As Google-parent Alphabet Inc (GOOGL.O) became on Thursday the fourth U.S. company to top a market value of more than $1 trillion, some funds holding its shares are wondering whether now is the time to cash in on the stock’s extraordinary gains.”
ProPublica: Like Voldemort, Ransomware Is Too Scary to Be Named. “Each year, millions of ransomware attacks paralyze computer systems of businesses, medical offices, government agencies and individuals. But they pose a particular dilemma for publicly traded companies, which are regulated by the SEC…. Material events must be reported in public filings, and failure to do […]
Mashable: Facebook shareholders try and fail to limit Mark Zuckerberg’s power . “Calls for Mark Zuckerberg’s power to be reined in continue to grow louder – not that it matters. That much was clear during Facebook’s annual shareholders meeting on Thursday, where Zuckerberg faced numerous calls for his power to be checked.”
Los Angeles Times: Snap has three years to make a profit before it runs out of money. “The Santa Monica social media company has gone from scrappy start-up to multibillion-dollar public stock to plotting its own recovery in the space of just eight years. The compressed timeline illustrates the late stage of Silicon Valley’s current […]
Business Green: New database to highlight benefits of integrated reporting. “The free database includes a wide range of studies and papers exploring how integrated reporting that brings together financial and non-financial metrics, including environmental and social data, leads to increased stock liquidity, better performance, higher market valuation and a longer-term investor base for the businesses […]
Tubefilter: Insights: Twitter, Facebook Investors Find No Upside In Doing The Right Thing. “The stock collapses this past week for Facebook and Twitter are not quite Ragnarok in Influencer Land, but perhaps we’re finally seeing a reckoning for transgressions past. The only problem: lessons learned here are unlikely to be the ones we need going […]
Recode: How social media bots could tank your stock price. “As the head of media intelligence firm Zignal Labs, former political strategist Josh Ginsberg has spent most of the past seven years helping clients understand what people were saying about them in their businesses in traditional media outlets and on social media. But then something […]