When talk of a possible TikTok ban began in July, the leaders of a small social video app called Triller saw a growth opportunity.
To attract users, the company set its sights on TikTok’s biggest names. Some of the Sway Boys, a group of TikTok influencers, had been toying with the idea of building their own app to compete with TikTok, but after a discussion with Ryan Kavanaugh, the majority owner of Triller and a veteran entertainment executive, they decided the platform could be good for them.
Triller offered the creators a deal: Tell your audience on TikTok that you’re moving to Triller, and we’ll give you equity and roles within the company. You can still post on TikTok, they were told, but only if you post on Triller more frequently. In turn, of the Sway Boys, Josh Richards, 18, was named Triller’s chief strategy officer, and Griffin Johnson, 21,
Data center infrastructure spending is expected to grow 6% globally next year as businesses rebound from cash flow restrictions brought on by the coronavirus pandemic, according to Gartner.
The research firm released its latest data center infrastructure forecast Wednesday, projecting that end-user spending on global data center infrastructure products will reach $200 billion in 2021.
Spending has declined more than 10% so far in 2020, as lockdowns from COVID-19 prevented around 60% of new facilities construction. Nonetheless, Gartner is optimistic about growth over the next few years. The firm still expects the data center market to grow year-over-year through 2024.
“The priority for most companies in 2020 is keeping the lights on, so data center growth is generally being pushed back until the market enters the recovery period,” said Naveen Mishra , senior research director at Gartner. “Gartner expects larger enterprise data centers sites to hit pause temporarily and then
In June of this year, as more of the world began to awaken to the many ways that people of color are systematically discriminated against amid months of protest, a wide number of companies announced initiatives aimed at improving the representation of underrepresented groups within their own ranks and as recipients of their investment dollars.
Unsurprisingly, Alphabet, among the world’s biggest and most profitable companies, was among them. Specifically, as part of Alphabet’s commitment, Jewel Burks Solomon — who is the head of the company’s nine-year-old program Google for Startups — agreed to help steer $5 million in cash rewards of up to $100,000 to select startups.
The company didn’t waste much time. Today, Solomon is announcing that the money has been committed to 76 different startups that were chosen for their geographic diversity as well as the diversity of their companies’ mission.
Nine new stocks make the Safest Dividend Yields Model Portfolio this month, which was made available to members on September 23, 2020.
Recap from August’s Picks
On a price return basis, the Safest Dividend Yields Model Portfolio (-2.5%) outperformed the S&P 500 (-3.3%) by 0.8% from August 20, 2020 through September 21, 2020. On a total return basis, the Model Portfolio (-2.1%) outperformed the S&P 500 (-2.9%) by 0.8% over the same time. The best performing large cap stock was up 11% and the best performing small cap stock was up 6%. Overall, 12 out of the 20 Safest Dividend Yield stocks outperformed their respective benchmarks (S&P 500 and Russell 2000) from August 20, 2020 through September 21, 2020.
Only my firm’s research utilizes the superior data and earnings adjustments featured by the HBS & MIT Sloan paper, “Core Earnings:
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WASHINGTON (Reuters) – With a framed Joe Biden poster in the background, Amazon.com Inc’s Jay Carney made no secret of his long history with the presidential candidate while speaking at a virtual policy roundtable during August’s Democratic party convention.
Carney, who is Amazon’s public policy and communications chief, touted the hundreds of thousands of jobs his company has created and joined Microsoft Corp’s President Brad Smith as one of two senior tech executives to have a public role at the convention – hinting at Amazon’s potential influence on a Biden administration if the democrat wins the White House.
Amazon appears to have taken an early lead making in-roads with the Biden camp, according to data gathered by Reuters from OpenSecrets and campaign finance records, along with interviews with over a dozen stakeholders
Make no mistake, there’s a cash crunch a-coming. While governments around the world have done their best to provide relief to both businesses and people the extent to which they can continue providing unfettered assistance is limited.
In the UK for example, we have seen the government go from pretty much funding its citizens and businesses through a variety of schemes to a situation where business has to at least partially fund furloughed workers. In addition selective extended restrictions are playing havoc in some regions where some cities are operating on a stop-start basis. That adds cost at a time when it’s nigh on impossible to think of raising prices.
To get a sense of what this looks like, data published by Xero provides a picture of how the pandemic has impacted business activity – see below:
TOKYO (Reuters) – Sony Corp’s shares slid as much as 2% in Tokyo trade on Wednesday after Microsoft Corp said it would buy the parent of games publisher Bethesda Softworks, in a deal to bolster its games slate as it eyes cloud gaming expansion.
Sony’s PlayStation 5 is expected by analysts to outsell Microsoft’s next-generation Xbox consoles when the devices launch in November, bolstered by Sony’s stronger games pipeline including exclusives like “Marvel’s Spider-Man: Miles Morales.”
Microsoft’s $7.5 billion acquisition of the publisher behind hit franchises like “Doom” and “Fallout” helps close that gap, as it pushes into cloud gaming with the launch of a subscription service last week for Android devices.
The Xbox Game Pass is central to Microsoft’s counterattack, with the rival PlayStation Now service from Sony – which has a
(RTTNews) – Illumina Inc. (ILMN) agreed to buy GRAIL, a healthcare company whose mission is focused on multi-cancer early detection, in a cash and stock transaction valued at about $8 billion.
The deal consists of $3.5 billion in cash and $4.5 billion in shares of Illumina common stock. Illumina currently holds 14.5% of GRAIL’s shares outstanding, and approximately 12% on a fully diluted basis.
Illumina expects to close the transaction in the second half of 2021.
Upon closing of the transaction, current Illumina stockholders are expected to own about 93% of the combined company, while GRAIL stockholders are expected to own about 7% based on the mid-point of the collar.
Illumina expects the transaction will be accretive to its revenue starting in 2021, and to meaningfully accelerate revenue growth over time.
Following the completion of the transaction, GRAIL will operate as a standalone division within Illumina.