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PayPal processes its largest transaction yet with $2.2B acquisition of Swedish iZettle

PayPal purchased a Swedish mobile payments company called iZettle in a bid to challenge rival Square in the small business market.

Conor Grant • May 21, 2018

Swiss watchmaker destroys $539m of luxury watches to keep them off the wrong wrists

To keep their precious pieces away from riffraff re-sellers, Swiss luxury watchmaker Richemont destroyed $539m of its products over the last 2 years.

Conor Grant • May 21, 2018

Qatar pays to keep DC’s Metro running an hour later for the Capitals hockey game

The Qatari government just swooped in with a $100k lifeline to keep the DC Metro running an hour later for the NHL Playoffs. But… why?

Lindsey Quinn • May 18, 2018

Who knew? Apple is reportedly set to station its HQ2 in North Carolina

It looks as if Apple’s new HQ2 is quietly landing in North Carolina, showing the differences between Apple and Amazon

Wes Schlagenhauf • May 18, 2018

YouTube rolls out ‘Premium’ music service in an attempt to drown out Spotify

To compete with industry leaders Spotify and Apple, Google is turning up the dial on its musical offerings with a new AI-powered Premium streaming platform.

Conor Grant • May 18, 2018

Bumble Bee CEO is the latest tuna titan caught in the tangled net of fish-fixing

Years of fishy business practices have finally caught up to tuna-titan Chris Lischewski, and even his slick mane won’t help him wriggle out of this net.

Conor Grant • May 18, 2018

20 pieces of advice from people who completely switched careers

  We asked all our readers who made the leap and switched jobs or industries or careers: What was your big career ‘pivot’? How did...
Wes Schlagenhauf • May 17, 2018

The world made more billionaires than ever in 2017

The 5th Wealth-X Billionaire Census dropped this week and the super rich are getting super-richer -- billionaires’ combined assets increased by 24% to $9.2T.

Lindsey Quinn • May 17, 2018

Bitmain helped Circle become the latest ‘bitcoin unicorn,’ and now they have big plans together

The world’s largest bitcoin mining company just invested big money into Circle to build the first successful stable coin.

Wes Schlagenhauf • May 17, 2018

Big green: Aurora Cannabis to buy MedReleaf in $2.5B takeover

Consolidation in Canada’s Mary Jane industry just took a big toke, with 2 of the largest firms agreeing on a massive merger.

Wes Schlagenhauf • May 17, 2018

CBS board uses restraining order to keep owner away while it votes to strip her power

In a feud fit for reality TV, the board of CBS filed a restraining order against majority shareholder Shari Redstone to prevent her from influencing a vote to downgrade her stake.

Conor Grant • May 17, 2018

Emptying its toy box to pay off creditors, Toys ‘R’ Us puts SexToys‘R’Us.com up for sale

As it auctions off its IP, bankrupt Toys ‘R’ Us reveals it owned some explicit domain names such as KinkyToys‘R’Us.com.

Conor Grant • May 16, 2018

There’s no such thing as a free internet

New York-based company Intersection continues to expand their free Wi-Fi kiosks, hedging their bets on an ad-based internet.

Lindsey Quinn • May 16, 2018

Facebook commits tons of resources to content review, but investors have moved on 

Facebook has thrown tons of money at the problem of content policing after recent criticism, but reports indicate that investors and users are already over it.

Conor Grant • May 16, 2018

Hedge fund manager extraordinaire David Tepper buys the Carolina Panthers for $2.2B

The Carolina Panthers have chosen a hot shot hedge fund billionaire to be their new owner.

Wes Schlagenhauf • May 16, 2018

It’s wedding season, kid: People are getting married in barns more than ever 

People are getting married in barns aplenty these days, but does that necessarily mean weddings are more cost-effective?

Wes Schlagenhauf • May 15, 2018

Sports betting is officially legal: Here’s who’s set to cash in

Yesterday, the Supreme Court voted 6-3 to overturn a 20-year federal law and legalize betting on sports. Now states, online betting companies (like DraftKings and FanDuel), and platforms that broadcast games are looking at good odds to capture part of the estimated $150B illegally wagered on sports in the US each year. Let the games […]

Lindsey Quinn • May 15, 2018

Activist investors dismantle Xerox-Fujifilm merger to hold out for an unlikely new buyer 

After months of maneuvering, activist investors Carl Icahn and Darwin Deason succeeded in destroying the $6.1B merger between Xerox and Fujifilm.

Conor Grant • May 15, 2018

Brands are shouting over each other for the #1 spot on your smart speaker

As more and more consumers buy their groceries using smart speakers, brands are struggling to find ways to weasel into Alexa’s good graces.

Conor Grant • May 14, 2018

A toe-to-toe battle: Adidas and Skechers duke it out in the courts

Legal battles between Adidas and Skechers heat up as Skechers sues Adidas for keeping them from the spotlight.

Wes Schlagenhauf • May 14, 2018

Netflix streamed right past Comcast, and Disney is its only competitor — for now

Netflix recently surpassed Comcast in value, and given its rapid growth in the past few years it is on track to take on Disney for the media industry’s crown.

Conor Grant • May 14, 2018

Silicon Valley’s $13B nonprofit takes another hit: Toxic culture costs them 3 executives

On Friday, the New York Times published another expose on the “toxic” culture at the Silicon Valley Community Foundation, a nonprofit that’s quietly grown to $13.5B in assets.

Wes Schlagenhauf • May 14, 2018

Buskreig Bop: German bus company Flixbus to take on Greyhound and Megabus in the US

A successful German company called Flixbus is headed across the Atlantic to challenge American bus companies like Greyhound and Megabus.

Lindsey Quinn • May 11, 2018

Apple teams up with Goldman Sachs for a new Apple Pay credit card

Apple and everyone’s favorite banking giant are launching a new joint credit card that will push the tech juggernaut deeper into people’s bank accounts.

Wes Schlagenhauf • May 11, 2018

Crypto custodians: Inside the world of the premiere offshore crypto bank Xapo

Xapo is a first-of-its-kind Bitcoin bunker, with locations across 5 continents that protect 7% of all Bitcoin.

Wes Schlagenhauf • May 11, 2018

US ban forces ZTE phone production to a halt — and re-energizes Chinese chipmakers

After issuing a ban on US sales to ZTE, the Chinese chipmaker halted all production -- forcing the industry to reorganize as ZTE begs for forgiveness.

Conor Grant • May 11, 2018

Airlines are profiting on your indecisiveness and poor packing skills

Despite rising costs, airlines continue to make a profit by charging a number of fees instead of increasing base ticket prices.

Conor Grant • May 10, 2018

Years of price-gouging ensure there are no competitors to address EpiPen shortage

After dodging numerous attempts at regulation, the company that makes EpiPens has kept its competitors so small that they can’t even address the current supply backlog.

Conor Grant • May 10, 2018

Glassdoor acquired for $1.2B, as people focus on finding their dream job

Glassdoor announced yesterday that Japanese HR company Recruit Holdings will purchase them for $1.2B -- making it one of the largest tech acquisitions of 2018.

Lindsey Quinn • May 10, 2018

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