Companies

Twitter Still in Trouble

Twitter’s stock price dropped dramatically on Friday, October 14th, after the news was released that Salesforce would not be purchasing the company. According to company spokespeople, the Twitter buy was not the right fit for their company at this point. It marks the last strong company in the running to purchase the struggling social media company to leave the table. Twitter’s future remains an uncertainty as a result of this. The immediate public reaction was impressive. Twitter’s stock price fell by as much as 7 percent in the aftermath of the announcement, with Salesforce’s stock rising by about 7 percent simultaneously. Not only did this clearly indicate that Twitter investors were really hoping for the new major investor to move in and acquire the company, it showed that Salesforce investors believed that avoiding the Twitter purchase was a very strong move. At the end of the day, Twitter had dropped by a total of 5.12 percent. […]

October 17th, 2016|Companies|

Is Verizon Rethinking Yahoo Purchase?

After the Yahoo hacking scandal was made public a few weeks ago, there were rumors that Verizon would be looking to go back on their purchase of the web services side of the company. Although this was almost certainly seriously considered by Verizon, they are not going to be pursuing this avenue, new reports say. According to Verizon CEO Lowell McAdam, the purchase of Yahoo is still happening, he confirmed in a press statement on October 10th. […]

October 11th, 2016|Companies|

Amazon to Open New Chicago Store

Amazon has been one of the most successful companies of the last two decades, driving one of the biggest bookstore chains in the United States (Borders) out of business, and taking away a huge share of the world’s largest book chain (Barnes & Noble). Amazon has thrived because of their online presence, becoming the largest online retailer in the United States, and one of the most dominant sources of entertainment in the world thanks to their streaming services, apps, books, and e-readers. However, the company looks like they are heading out in a new, experimental direction, and it is one that is very reminiscent of the past. Amazon has experimented with opening a brick and mortar bookstore in the past, and now they are opening even more, as they seem to be revisiting that they had almost made obsolete just a few years ago. […]

September 9th, 2016|Companies|