billionaire
Holy SMOKE! Pinterest Is The Fastest Growing Site Ever
www.businessinsider.com
Social image-sharing site Pinterest, which is the toast of Silicon Valley and the VC world, has passed 10 million users after only 9 months. TechCrunch reports that it got exclusive stats from ComScore showing that Pinterest had 11.7 million unique monthly visitors in January 2011. That's up from only...
Amazon nabs 22% market share and usurps HMV as the UK’s top entertainment retailer
thenextweb.com
A new report indicates that Amazon is now the UK’s top entertainment retailer, overtaking HMV in the past twelve months in terms of sales covering music, movies, games and such like. According to Retail Gazette, research company Kantar Worldpanel has launched its ‘entertainment retail barometer’, and reveals that Amazon had...
The Best And Worst Things About Being A Billionaire: A Q&A With Mark Cuban
www.businessinsider.com
At our IGNITION conference last fall, Mark Cuban summed up his life in one quip: "Someone has to be the world's luckiest person!" Cuban certainly could be the world's "luckiest man," but that would discount his incredible savvy as a businessman and investor. Cuban made his fortune when he...
The Teaser Image For Tesla's Model X SUV Contains A Hidden Message
www.businessinsider.com
Tesla CEO Elon Musk has just released this concept sketch of the brand new Model X SUV on his Twitter. Though the image is very dark, we see a front end that is very reminiscent of the Model S sedan that is currently in progress. It also appears that...
An Australian billionaire is to build the Titanic II, an exact replica, in China. Seriously.
thenextweb.com
An Australian billionaire wants the legend of the Titanic to live on, so instead of raising it, he intends to build an exact replica of the ill-fated cruise-liner and will call it the Titanic II — setting sail in just over four years time. You honestly couldn’t make it up....
DealBook: Peter Thiel Opens a New Venture Capital Firm
dealbook.nytimes.com
The billionaire investor, best known for his contrarian views and his early bet on Facebook, opened Mithril Capital Management with a $402 million fund....
Facebook's Next Advertising Move is Mobile
www.readwriteweb.com
Mark Zuckerberg says he has always been reluctant to make Facebook all about the ads and less about the user experience. This is surprising, however, coming from a freshly minted billionaire who owns more than 25% of his own company and holds more than 50% of the voting power. "Mark...
Oracle CEO to Buy Hawaiian Island
online.wsj.com
Larry Ellison, the billionaire CEO of Oracle, has struck a deal to buy the bulk of the Hawaiian island of Lanai....
Backed By Mark Cuban, WhiteyBoard Launches v2 Of Its Paint That Turns Walls Into Whiteboards
techcrunch.com
Two years ago, WhiteyBoard founders Saachi Cywinski, Sherwin Kim and Jason Wilk set out to re-think those clunky, inflexible whiteboards found in classrooms and offices around the country. They developed a portable, flexible alternative: An inexpensive, “instant” plastic board that weighs less than two pounds and adheres to any surface...
Forgotten Apple founder takes to Facebook to explain his decision to quit after 12 days
thenextweb.com
The story of Ron Wayne, the third but oft-forgotten co-founder of Apple Computer (along with Steve Jobs and Steve Wozniak), is well known in our circles. See our recent interview with the man for more context, but basically Wayne got a 10 percent stake in Apple upon the formation...
All That Cash: On Apple, Twitter And The New Bit Factories
techcrunch.com
Editor’s Note: This guest post was written by Amit Runchal, who blogs at Interactioned. The speculation of what Apple is going to do with all their cash has long been a favorite topic in the tech and financial press. But the thinking along those lines is often akin to the...
Peter Thiel: Death Is A Problem That Can Be Solved
www.businessinsider.com
Venture capitalist and billionaire Peter Thiel is financing medical research that would possibly extend the human lifespan to 150 years or more. "There are all these people who say that death is natural, it's just part of life, and I think that nothing can be further from the truth,"...
EXCLUSIVE: Here's The Email Zuckerberg Sent To Cut His Cofounder Out Of Facebook
www.businessinsider.com
Billionaire Facebook cofounder Eduardo Saverin – the guy everyone now hates because he's renouncing his US citizenship in order to avoid a lot of taxes – hasn't worked at Facebook since 2005. That's when CEO Mark Zuckerberg diluted his stake and then booted him from the company. Saverin's exit from...
Carlos Slim Eyes Bigger KPN Slice
online.wsj.com
Mexican telecommunications heavyweight America Movil—owned by billionaire Carlos Slim—wants to raise its stake in Dutch telecommunications operator KPN to 28% in a €2.64 billion deal, as it sets its sights on international expansion....
EXCLUSIVE: How Mark Zuckerberg Booted His Co-Founder Out Of The Company
www.businessinsider.com
Ahead of Facebook's $15 billion IPO later this week, Billionaire Facebook cofounder Eduardo Saverin has renounced his US citizenship in order to avoid a boatload of taxes. One reason this is possible: Saverin no longer works at Facebook. He hasn't since 2005, when CEO Mark Zuckerberg diluted Saverin's stake...
Wibbitz turns text into videos, investor pitches into $2.3 million in funding
thenextweb.com
Wibbitz, an Israeli startup that develops technology that automatically turns text into videos, has raised $2.3 million in funding from Hong Kong-based Horizons Ventures – the investment vehicle of billionaire business magnate Li Ka-shing – and prior backers Initial Capital and lool Ventures. Basically, Wibbitz lets website owners or publishers...
Check out The Next Web’s Hermione Way on ‘Silicon Valley’, Bravo’s new reality TV show
thenextweb.com
The news is out, today the world has heard about a new reality TV show being made for US TV network Bravo about Silicon Valley, starring a cast of seven Valley movers and shakers including an executive producer role by Randi Zuckerberg, the sister of Facebook founder Mark. The really...
Facebook’s 99%: Later employees may pay almost double the tax rate that early employees will
www.insidefacebook.com
Even Facebook isn’t immune to the “Warren Buffett” problem. The widely-respected billionaire investor has famously said that he pays a lower rate on his taxable income than his secretary. The picture may not look that different at Facebook, once all the taxes are accounted for in the company’s widely-anticipated initial...
Facebook co-founder Saverin: Renouncing US citizenship “nothing to do with taxes”
thenextweb.com
Facebook co-founder Eduardo Saverin is often reluctant to grant media interviews, but the Singapore-based billionaire has come out to flatly deny speculation that the renouncement of his US citizenship was motivated by the prospect of saving millions of dollars by avoiding American taxes. In an interview with the New York Times, Saverin...
Billionaire Mark Cuban increases stake in social games maker Mention Mobile
thenextweb.com
Entrepreneur, investor and Dallas Mavericks owner Mark Cuban has invested in social gaming company Mention Mobile a second time, after backing the startup with an initial $250,000 about six months ago. The billionaire’s minority equity stake in the Los Angeles-based company, which was founded in 2010, will thus increase. Mention...
10 Things You Need To Know This Morning (AAPL, FB, GOOG)
www.businessinsider.com
Good morning! Here's the news: Apple's big developers conference kicks off today at 10 AM on the West Coast. Here are all the big product releases we're expecting Apple to announce. Excitement is clearly running high for Apple's big event. The line to get into WWDC started forming almost a...
The Chess Concepts Peter Thiel Used To Become A Billionaire
www.businessinsider.com
Through notes from Peter Thiel's CS183: Startup class at Stanford University, we have a unique window into the mind of the venture capitalist and hedge fund manager. He's fascinated with human nature, and integrates what he learned from his former career as a chess master into his lectures. Chess is...
Facebook’s Saverin on giving up citizenship: “This had nothing to do with taxes”
venturebeat.com
Facebook co-founder Eduardo Saverin is currently taking quite a bit of heat for renouncing his U.S. citizenship prior to the social network giant’s estimated $100 billion IPO day. And after apparently growing tired of people painting him as greedy, he’s now speaking out. Saverin recently told the New York...
Consolidation in the ‘green shopping’ space as JP Selects buys rival LovingEco for $1m
thenextweb.com
JP Selects, an online shopping portal for eco-conscious consumers operated by applications and services company ROK Global, has acquired competitor LovingEco in a move that marks consolidation in the space. The deal was small: the ROK Global unit paid only $1 million for the business and LovingEco will be merged...
Here's What We Learned When Elon Musk Appeared On 60 Minutes
www.businessinsider.com
Elon Musk of SpaceX and Tesla appeared on 60 Minutes to discuss the privatization of the space race. Here's what we learned about the multi-billionaire founder and his passion for technology. When he sold PayPal to eBay, he made a trip to Russia to investigate purchasing an ICBM to...
Mark Cuban puts $500,000 into immersive video startup, ConditionOne
www.theverge.com
Danfung Dennis spent the last decade working a photo-journalist and filmaker in some of the worlds most dangerous places, shooting war footage that appeared in Newsweek and The New York Times and directing an Academy Award nominated documentary about the conflict in Afghanistan. This experience led him to create...
Facebook Billionaire Peter Thiel Raises New Venture Fund To Invest In His "Utopia"
www.businessinsider.com
Peter Thiel raised a $32 million fund to invest in startups in... New Zealand, reports the WSJ. The reports say he "set up" or "opened a fund", but this is not technically true. As we reported more than a year ago, Thiel has been actively investing in New Zealand...
Print is not magical - online papers can exercise a watchdog role
www.guardian.co.uk
The decision to turn one of America's most famous daily newspapers, the New Orleans Times-Picayune, into a three-times-a-week publication has stimulated a fascinating debate: Does a paper sacrifice its watchdog role and/or its political clout if it moves online? Plenty of critics believe it does. They include Warren Buffett, the...
Mark Cuban flings funding at Flingo
news.cnet.com
The billionaire entrepreneur gets behind the maker of smart-TV technology that mixes social networking with television content. [Read more]...
Mark Zuckerberg Is Older Than Steve Jobs Was When Apple Went Public
www.businessinsider.com
The question of the moment is whether the 27-year old Mark Zuckerberg is old enough to run a major public company. My answer would be unequivocally "yes." As CEO of Facebook, Mark Zuckerberg essentially has two jobs: Set the vision for where the company's headed Hire and retain a great...
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