Posted in Uncategorized on Nov 21st, 2011 2 Comments »
The NBA lockout has gone on for over 150 days. There has been many efforts to agree upon a new Collective Bargaining Agreement (CBA) for the past two years, but negotiations were officially broken down when the players union rejected the owner’s proposal and disbanded the union last week. This turn of event has moved […]
Posted in Uncategorized on Nov 18th, 2011 No Comments »
This blog post takes a look at the up and coming online payment company called Dwolla. In an industry dominated by Paypal, Dwolla has managed to make a name for itself and is currently moving close to $50 million a month. What appeals to a lot of users of Dwolla is the fix charge of 25 […]
Posted in Uncategorized on Nov 18th, 2011 No Comments »
For the first time since the beginning of the recession, people are excited about IPOs of companies. Among those companies that garnered attention for their IPO is Zynga, a social network game developer famous for games such as Farmville and CityVille. According to the embedded blog, Zynga is looking to begin trading on November 24. […]
Posted in Uncategorized on Nov 7th, 2011 No Comments »
Many people have tried and failed in creating clones of successful internet companies such as Groupon and Facebook. Except the Samwer Brothers. These three German siblings have made a living from creating clones of internet companies from the US inEurope, and selling them to the original company. For instance, they started and sold Alando, a European […]
Posted in Uncategorized on Nov 7th, 2011 No Comments »
I agree with Alison’s blog. Despite skepticism about the company’s business model, Groupon Inc. had a very successful IPO last week. In fact, it was the largest IPO of a US Web company since Google. It also turned several people, including CEO Andrew Mason, into billionaires. Early investors in the company, such as New Enterprise […]
Posted in Uncategorized on Oct 9th, 2011 No Comments »
Just last week, Apple unveiled the much anticipated new generation of its smartphone, the iPhone 4S. Though still an amazing phone in its own right, many were disappointed by the lack of a new hardware design and minimal improvements to its software. Sure, the iPhone 4S is two times faster, has a better camera than […]
Posted in Uncategorized on Oct 8th, 2011 1 Comment »
Eastman Kodak, once a dominant player in the digital photography market, is now rumoured to be filing for bankruptcy. It recently hired Jones Day, an advisor for bankruptcy, to restructure the business. Hoping to save the failing company, Kodak drew $160 million against its credit line, and entered into an agreement for a new credit […]
Posted in Uncategorized on Oct 8th, 2011 No Comments »
The global economy has suffered for nearly two years, but it hasn’t stopped venture capitalists from investing. In fact, the amount of investments in green tech ventures increased in quarter 3 by 23% compare to the same quarter last year. Investors spent $2.23 billion on 189 companies worldwide this quarter, but only $1.81 billion on […]
Posted in Uncategorized on Oct 6th, 2011 No Comments »
When I think of large tech companies I would immediately think of Microsoft, Apple or Google. They have been the most talked about and the most successful businesses. None of them, however, was able to generate as much revenue as the quiet giant, IBM. In 2010, it generated 99.9 billion in revenue, more than Google […]
Posted in Uncategorized on Sep 15th, 2011 No Comments »
Widely regarded as the successor to Warren Buffet, CEO of Berkshire Hathaway, David Sokol shocked everyone when he resigned from the company in March 2011. Though it seemed like a normal resignation at first, it was later revealed that Sokol was involved with an insider trading scandal. Between January 5 and 7 this year, Sokol […]