Uber losses $1.2 Billion In the First Half of 2016
According to recent reports, Uber has recorded losses amounting to $1.2billion and that’s just in the first half of 2016. Apparently, the first quarter of 2016 already saw the company lose around $520 million, prior [..]
Kobe Bryant Launches A $100 Million Venture Capital Fund
The only constant is change, and there’s nothing better in life than an exciting transformation. Kobe Bryant, one-time shooting guard for the Los Angeles Lakers has become a venture capitalist.
The former NBA player [..]
Uber’s First Self-Driving Cars Arrive in Pittsburgh This Month
The popular ride app Uber plans to introduce self-driving cars in Pittsburgh as early as this month. This bold move is the first phase of a pilot program that aims to explore the bright future of the convenient technology. [..]
Jeff Bezos Sells 1 Million Amazon Shares; Gives Himself a $756.74 Million Bonus
Amazon CEO Jeff Bezos sold off another 1 million shares of company stock last week, according to a filing with the Securities and Exchange Commission.
In the last 3 months, Bezos has sold about $1.4 billion in Amazon stock. [..]
Amazon Passes Exxon and Is Now the 4th Most Valuable Company in the World
A few days ago, Amazon officially passed Exxon to become the fourth most valuable company in the United States. Apple, Google (Alphabet) and Microsoft take the first three places. According to recent financial analysis, [..]
Apple Sells Its Billionth iPhone, But Overall Sales are Down
On 27 July 2016, Apple sold its one-billionth phone. Its CEO, Tim Cook was ecstatic about this sale when he made the announcement at a meeting for the company’s employees in Cupertino, California. He termed the Apple [..]
Verizon Acquires Yahoo, Inc for $4.8 billion. Now what?
It has finally happened. Yahoo, Inc has been sold after a long and drawn-out process.
Verizon will pay $4.83 billion in cash for Yahoo’s core internet business, which includes Yahoo Mail, Fantasy Sports, photo storage [..]
Jeff Bezos Briefly Passes Warren Buffett on World’s Richest List
The Bloomberg Billionaires Index briefly listed Jeff Bezos at the third spot in the world richest men behind Spain’s Amancio Ortega and Microsoft Owner Bill Gates (the richest man in the world). Bill Gates’ worth was [..]