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Lyft Files Papers With the SEC For an IPO
Lyft announced that it has filed a a draft registration statement with the U.S. Securities and Exchange Commission for its highly anticipated initial public offering (IPO). In its confidential filing with the SEC, the ride-hailing company said that the number of shares being offered and the price range have not yet been determined. It also hasn't set a date for
Huawei CFO Arrest Fuels US-China Trade Tensions
The Chinese embassy to Canada demands immediate release of Huawei's global CFO arrested in Vancouver Dec. 1 on behalf of U.S. authorities, according to late Wednesday reports. What Happened Canada detained Wanzhou Meng with intentions to extradite her to the U.S. for charges filed in a Brooklyn federal court. Meng allegedly violated Iran sanctions, although Huawei said it was unaware
G20 Leaders Call For The Taxation Of Cryptocurrency
Blockchain
The G20 meeting that took place in Buenos Aires, Argentina, over the weekend, saw G20 leaders call for the taxation of cryptocurrency. This document, jointly delivered by G20 leaders called for “a taxation system for cross-border electronic services”, with a final version of regulations expected to be in place by 2020 which will be in line with Financial Action Task
The Yield Curve Just Inverted for the First Time in Years. Time to Reconsider Risk?
One of the most reliable indicators of an economic slowdown just flashed a warning sign this week. On Monday, the yield curve between the five-year Treasury yield and three-year Treasury yield inverted, or turned negative, for the first time since 2007. What this means is the shorter-maturity bond now pays more than the longer-maturity bond, suggesting investors believe the government
Facebook Considered Selling User Data Several Years Ago
When he testified at a Congressional hearing in April, Facebook CEO Mark Zuckerberg was adamant about how the social network handles its vast trove of user data: “I can’t be clearer on this topic: We don’t sell data," he said. However, a massive aggregation of internal correspondence published online by a U.K. parliamentary committee on Wednesday paints a murkier picture
Amazon Prime Health is Coming, According to an Early Investor
John Doerr, an early investor in both Google and Amazon, believes Jeff Bezos’s company will offer a “Prime Health” for medical and health products, Christina Farr reports at CNBC.com. Doerr remains close with the Amazon founder, and didn’t mind speculating on where Bezos might take his company next. “Imagine what it’s going to be like when he rolls out Prime
Does Apple Have a Demand Problem? Reports of New Marketing Campaigns Has Some Concerned
Apple Inc. (NASDAQ: AAPL) is reportedly shifting its marketing plans to help boost sales of its flagship iPhone product, according to Bloomberg. What Happened Sources close to the matter told Bloomberg Apple asked some of its marketing staff members to stop working on current projects and to focus instead on supporting sales of its newest handsets. The move may be
Quora Says About 100 Million Users Could Be Affected By Security Breach
.Quora said in an email to users and in a blog post by CEO Adam D’Angelo that about 100 million users may have been affected by a security breach that occurred on Nov. 30. D'Angelo indicated that the investigation into the incident is still ongoing and the responsible party has yet to be identified. Its internal security team is working with
SoftBank Will Forego IPO Price Range For Next Month's Offering
SoftBank has set an indicative share price of 1,500 yen for the initial public offering of its domestic telecom unit, becoming the first company in Japan to forego an IPO, as Reuters reports. That indicative share price could make the public offering worth 2.4 trillion yen ($21.16 billion), which would be one of the largest IPOs ever. Alibaba Group currently
EU to Review New Digital Tax Plan From France, Germany
Last month, the European Union announced the collapse of its plans to tax internet and tech giants like Alphabet Inc.’s (NASDAQ: GOOGL) Google and Facebook, Inc. (NASDAQ: FB). The alternative included specific national initiatives. Advancements within the negotiations are slated to be discussed this week, according to a new report. What Happened Paris and Berlin are set to present a