Tag: Inc.

Washington monument flooding drain the swamp (Mark Wilson / Getty)

Number of Registered Lobbyists Falls 14% in 2017

The number of federally registered political lobbyists has fallen by 14 percent thus far in 2017 from the 2016 total. However, based on data provided by the non-partisan OpenSecrets.org, spending by lobbyists is on track to rise by about 3 percent in 2017.

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​Silicon Culture Wars: Snap IPO Up 60% versus Facebook IPO Down 47%

In another sign of how Silicon Beach is winning the geek culture war with Silicon Valley, the Snap, Inc. stock price is up 60 percent in its second day of trading versus Facebook IPO shares price crashing by 47 percent in the first three months after their IPO.

Marissa Mayer

Yahoo Management Walks the Plank for Verizon Sale

In a rare display of Silicon Valley executives walking the plank for shareholders, Yahoo’s general counsel resigned and Chairman Marissa Mayer sacrificed two years of bonuses to close the company’s sale to Verizon.

Outlining the financial details of its initial public offering (IPO), Snap Inc. said it expects net proceeds of some $2 billion

Snapchat May Have Hit Demographic Ceiling: Report

With the highly anticipated Snap, Inc. initial public offering (IPO) set to raise about $3.2 billion on March 1 by pricing shares at the high end of their expected range, a new report reveals that young social media consumers prefer Instagram, and millennial parents ages 45-to-54 are Snapchat’s only growth demographic.

Evan Spiegel Snapchat (Michael Kovac / Getty)

Snapchat Files $3 Billion IPO, But May Never Be Profitable

Started by two roommates in a Stanford dorm in 2011, Snapchat’s parent, Snap, Inc., filed with the SEC last week for a $3 billion initial public offering (IPO), but admit the company may never make a profit.

Kai Flaffenbach/Reuters

Google Leaves Uber Board as Partners Battle in Self-Driving Cars

Google recently resigned from Uber’s board as the former partners prepare for battle over self-driving cars. Away from California Attorney General Kamala Harris’ effort to mediate the battle between Uber and the state Department of Motor Vehicles over the unpermitted deployment of self-driving cars — which were pulled off the street Wednesday — the corporate fight is intensifying.

Google is one of several multi-national corporations that have come under fire in Europe for paying low taxes by shifting revenue across borders

Google Revenue up 20%, Profit up 25%, Employment up 10,000

Despite growing Silicon Valley tech layoffs, and disappointing third quarter performance from Apple and Twitter, Google’s parent, Alphabet, reported an annual 20 percent revenue surge, 25 percent earnings spike, and 10,000 additional employees.

snapchat-afp

Snapchat IPO Valued at Up to $40 Billion

Bloomberg reported Wednesday that the social media juggernaut Snapchat has filed to go public at the jaw-dropping valuation of up to $40 billion.

Texas AG Ken Paxton Official Photo

Federal Judge Questions SEC Case Against Texas AG Paxton

A federal judge hearing the case from the Securities and Exchange Commission (SEC) against Texas Attorney General Ken Paxton said he wonders if the prosecution is trying to fit a “square peg in a round hole.”

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Texas AG Gets Court Order to Stop Sale of Synthetic Drugs

Texas Attorney General Ken Paxton’s office announced he has obtained a temporary restraining order (TRO) against three tobacco stores to stop them from selling synthetic marijuana. The move by the state’s attorney general was made in conjunction with the City of Corpus Christi Police Department.

Broken iPhone (Andrew Mager / Flickr / CC)

Apple iPhone Dive: First Decline in History

Despite record worldwide shipments of 403.1 million smartphones in the last quarter of 2015, Apple’s iPhone suffered its first year-end sales decline in history, according to the world’s leading tech advisory firm.

jobs

January Job Cuts Double to Highest Level Since 2009

Despite an apparently level unemployment rate, a wave of corporate downsizing in the retail, computer, and telecommunication sectors pushed job-cuts to their highest level since the 105,696 layoffs last July, according to the latest report by the Challenger, Gray & Christmas, Inc. outplacement services.

Vaping (STR / AFP / Getty)

$2.5 Billion Vaping Boom Draws Class Action Lawsuits

Looking to form class action lawsuits under California’s Proposition 65, nominal plaintiff Jerod Harris filed a federal complaint against R.J. Reynolds Vapor Co. claiming he didn’t know vaping uses nicotine.

Expert: American Babies ‘Status Symbols’ for New Chinese Elite

Pregnant Chinese nationals have reportedly been coming to the United States for decades in order to give birth and claim U.S. citizenship for their children. Many newly-rich Chinese have done so not only to secure the benefits and protections that come with U.S. citizenship, but also, according to court documents and media reports, as a show of wealth and status.