Facebook stock suffered its third worst week of all time in the wake of the Cambridge Analytica data scandal — which heightened privacy concerns and spurred government probes into the social media giant. The company’s shares fell more than 13 percent for the week, closing Friday just below $160. COO […]
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Dell’s VMware deal may hinge on how the companies split up value from Dell’s tracking stock
Michael Dell is going to have to sell VMware on a deal to merge. Fortunately for him, he may have about $9 billion of found money to play with. And getting the deal done may come down to how much of that he immediately transfers to VMware shareholders. The “found […]
How the world is inching closer to eradicating polio
At its height in the 1940s and ’50s, polio paralyzed more than 35,000 Americans every year. But thanks to vaccines as well as good hygiene and sanitation practices, polio has largely been forgotten in the developed world. Now, even in less-developed regions, it’s close to being wiped out entirely. But […]
Cardi B wants to know where her taxes go—here’s the answer
Cardi B might be making “money moves” but she’s not happy that so much of that money goes to Uncle Sam and she’s not sure what she gets in exchange. The Bronx-bred rapper reveals that 40 percent of her income goes to taxes in a video posted to Instagram that […]
Here’s how much the stock market is still up since Donald Trump took office
President Donald Trump touted the strong stock market performance since he took office. Detractors may point to the Dow Jones industrial average’s recent stumbles, but the benchmark index has much further to fall before Trump’s post-inauguration gains are gone. “I think the stock market is gonna be great. The stock […]
While Dropbox soars in market debut, cloud rival Box plunges
As Dropbox soared in its stock market debut on Friday, shares of cloud software rival Box went the other way, plunging 7 percent. The two companies have been competing for over a decade in the market of cloud file storage, with both benefiting from the rapid move to mobile devices […]
Whole Foods reportedly trims staff in wake of Amazon acquisition
Grocer Whole Foods is trimming staff in the wake of an acquisition by Amazon, Business Insider reported Friday. The cuts span the company’s in-store marketing and graphic design departments, according to Business Insider, which obtained a copy of a Thursday conference call with employees announcing the layoffs. A representative from […]
Small businesses weigh in on possibility of a trade war
As President Donald Trump‘s much-debated tariffs on aluminum and steel go into effect on Friday, some entrepreneurs like Andrew Berman are breathing a sigh of relief. Berman is president of Spectrum Printing & Graphics in Rockville, Maryland. His commercial printing business runs a printing press that utilizes aluminum plates imported […]
The house from ’10 Things I Hate About You’ just sold for $1.6 million—take a look inside
For the first time in over 30 years, the house from 1999’s cult favorite movie “10 Things I Hate About You,” located in Tacoma, Washington, hit the market for $1.6 million. It didn’t last long: The dwelling, listed by agent Jeff Jensen, was scooped up after less than a week. […]
Dropbox jumps more than 40% in trading debut, after opening at $29 a share
Cloud storage provider Dropbox jumped more than 40 percent in its first day of trading on the Nasdaq Friday, opening at a price of $29. The company listed its $756 million IPO under the trading symbol “DBX” and priced its 36 million shares at $21 Thursday, above the expected range […]