Japanese conglomerate SoftBank is boosting its lobbying efforts in Washington, D.C. to work on issues that align with its portfolio investments, Bloomberg reported on Thursday (March 12). The 36th biggest company in the world, SoftBank now ranks among the top 4 percent of the roughly...
Activist fund and hedge fund company Elliott Management Corp. is pressing for changes after acquiring a stake in Twitter, including replacing CEO and Co-Founder Jack Dorsey, Reuters reported Friday (Feb. 28), citing sources familiar with the matter. Although a co-founder, Dorsey only owns roughly 2...
Democratic presidential candidate Mike Bloomberg plans to sell his multibillion-dollar financial data and media company Bloomberg L.P. if he wins the presidency, The Wall Street Journal (WSJ) reported on Tuesday (Feb. 18). The campaign said that Bloomberg would “first put the company in a blind trust” before...
Office space platform WeWork is anticipating that it will post its first $1 billion revenue quarter this year and is aiming to become free cash flow (FCF) positive by 2022, Reuters reported on Tuesday (Feb. 11). The financial goals are part of WeWork Chairman and...
Marcelo Claure, the executive chairman at embattled company WeWork, said in an interview that former CEO Adam Neumann didn’t leave the company with more than $1 billion, as was reported, according to a report by CNBC. Claure is a SoftBank executive as well as the...
Apparently it’s a bad day when Starboard Value sends you a letter. The activist investor group is well known for impatience and the dramatic demands it makes to the companies it invests in. In fact, Starboard Chairman Jeff Smith was named the “investor CEOs fear...
Will 2020 mark the year that eBay is refashioned into a pure — or at least purer — play on the marketplace model? That path seems a bit smoother now, but heavy lifting lies ahead. eBay, faced with tepid growth in active sellers, and pressures...
In response to questions from a congressional committee, Alphabet’s Google, Amazon.com, Apple, and Facebook defended their practices and declined to answer some questions. The tech firms have been a symbol of the dynamism of the American economy for a long time and have seen their reputations impacted by claims that...
We are all salespeople — we all have influence over certain friends, relatives, neighbors and co-workers. Assuming people trust us (assuming other people consider us more than boastful blowhards), they are likely to at least listen when we talk about favorite products and services, retailers,...
