Author Archive
Yahoo's board is meeting Sunday evening to decide whether to buy Tumblr for $1.1 billion in cash, Kara Swisher and Peter Kafka reported last night. So that means there are only a few hours left for Facebook to submit a compelling counter-offer. Anecdot... Read the rest of this entry »
One of Morgan Stanley's investment strategists, Gerard Minack, is retiring. This is a bummer. Minack's work was lucid and helpful. But as a parting gift to clients, Minack wrote a two-page farewell note that contains the best investment advice you will... Read the rest of this entry »
Everyone is reporting that Yahoo is in serious talks to buy Tumblr. Tumblr is basically a Twitter for images (or, if you prefer, a dead-simple "blogging platform" that allows you to follow other users)--a digital "platform" that allows users to post a... Read the rest of this entry »
A year ago tomorrow, Facebook went public. It was one of the most breathlessly anticipated public offerings in history. For years, people who knew nothing about Facebook or the stock market had been elbowing each other out of the way to try to ge... Read the rest of this entry »
Tesla Motors is one of the most extraordinary business success stories in recent decades, in part because it has accomplished what no other American company has accomplished in more than half a century: Become a viable new car company. One of the main ... Read the rest of this entry »
The co-CEOs of Groupon, Eric Lefkofsky and Ted Leonsis, stopped by our offices this afternoon, along with CFO Jason Child and other senior Groupon executives. They had some interesting things to say. Groupon, you may recall, is a four year-old digital ... Read the rest of this entry »
We could tell you this story, but we can assure you that you would rather watch the video. This is a bus in Johnstown, Pennsylvania. According to the Johnstown Tribune-Democrat, the driver was cruising along Goucher Street yesterday evening when he hit... Read the rest of this entry »
Shareholder activism is a rough business. Investors who amass large stockholdings and then demand changes are usually resisted and excoriated by the companies' managements, who do everything they can to defeat them. The resulting fights fo... Read the rest of this entry »
Last weekend, we described how the lobbying group to promote immigration reform, organized by Facebook CEO Mark Zuckerberg, had been caught trashing President Obama and Obamacare and supporting oil drilling in the Alaska wilderness — policie... Read the rest of this entry »
When Business Insider began searching for a new World Headquarters in New York's Flatiron district a few years ago, I was worried that this was the beginning of the end for the company. After all, the "New Global Headquarters" curse is notorious in the... Read the rest of this entry »