July 19th, 2016Shares of Japan's Nintendo Co soared another 14 percent on Tuesday, more than doubling the firm's market capitalization to 4.5 trillion yen ($42.5 billion) in just seven sessions since the mobile game Pokemon GO was launched in the United States.
The phenomenal success of Pokemon GO - now available in 35 countries, the majority in...
June 21st, 2016Facebook Inc shareholders approved a proposal to create a new class of non-voting shares, a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media company he founded.
The company's plan to issue two "Class C" shares for each Class A and Class B share held by...
June 4th, 2016Facebook Inc's board has proposed removing Mark Zuckerberg's majority voting control in the event of the social media giant's chief executive and founder deciding to exit management at some point in future.
In a proxy filing with the U.S. Securities and Exchange Commission, Facebook's board said it would ask shareholders to vote on a...
June 2nd, 2016Alibaba Group Holding Limited (NYSE: BABA) today announced the terms of its previously announced purchase of Alibaba Group ordinary shares from SoftBank Group. Alibaba Group has agreed to purchase 27,027,027 Alibaba ordinary shares from SoftBank Group at US$74.00 per share for an aggregate of US$2 billion. Members of the Alibaba...
June 2nd, 2016SoftBank Group said on Tuesday it would sell at least $7.9 billion of shares in Alibaba to cut the Japanese company's debt. It said it would remain Alibaba's largest shareholder after the sale.
Singapore state funds bought $1 billion of shares in Chinese e-commerce company Alibaba Group Holding Ltd as part of an $8.9 billion sale by...
May 27th, 2016A mutual fund group governed by Morgan Stanley has further reduced the valuation of India's biggest e-commerce portal, Flipkart. Flipkart shares markdown by 15.5%. This is the second consecutive markdown by Morgan Stanley, after it had marked it down by 27% in the previous quarter.
Morgan Stanley has marked the value of their Flipkart...
April 30th, 2016Billionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc, citing the risk of China's influence on the stock.
Icahn, in an interview with cable television network CNBC, also said he was "still very cautious" on the U.S. stock market and there would be a "day of reckoning" unless there was some...
March 30th, 2016According to the report in Bloomberg, Google CEO Sundar Pichai received a $100.5 million (roughly Rs. 667 crores) pay package in 2015. The salary mentioned in filing from parent company Alphabet on Tuesday.
Pichai received $99.8 million in restricted stock that will vest in full by 2017. He also received a $652,500 salary. The...
March 11th, 2016Two of the billionaire co-founders of software major Infosys, S Gopalakrishnan and S D Shibulal, and some of the latter's family members sold 7.5 million equity shares of the company for Rs 862 crore on exchanges.
The sale was executed by Citigroup Global Markets India Private Limited as the sole broker for the sale of shares,...
February 19th, 2016In a filing with the U.S. Securities and Exchange Commission last Friday, Alibaba Group Holding Ltd. revealed that it had acquired 32.972 million shares of class A common stock (about 5.6% of shares outstanding) in Groupon Inc. .
After the news published, Groupon’s stock was up more than 20%, touched $20 per share. One week ago,...
February 13th, 2016In case you haven’t been paying attention, many tech stocks are under serious pressure. LinkedIn, where I have been an executive for nearly six years, is one of those companies, having lost more than 40% of our value after announcing our 2015 earnings and guidance for 2016 last Thursday.
As you can imagine, this has the potential to...
February 5th, 2016(Reuters)- LinkedIn Corp forecast current-quarter profit and revenue below analysts' estimates, citing weakness in its recruitment services business in markets outside North America, dragging its shares down 28 percent after the bell.
The operator of the world's largest online network for professionals reported its slowest growth in...
