Friday - Aug 18, 2017

Business Insider

Ebay to cut the cord on PayPal

Ebay to cut the cord on PayPal

Online auction site Ebay has announced their plans to spin off massive online payments processor PayPal. Shareholders in Ebay are generally reported to be less than happy with the decision, which will leave a major shareholder in the balance sheet as PayPal are estimated to currently account for around half of the companies $65 billion

Rocket Internet’s proposed interim flotation will see the company valued at $7.64 billion

Rocket Internet’s proposed interim flotation will see the company valued at $7.64 billion

Founded in Berlin, Germany, in 2007, Rocket Internet has grown to become one of the largest e-commerce focused venture capital firms and startup incubators in all of Europe if not the World. Rocket’s founders, the Samwer brothers have made a tremendous impression of the start up scene through a series of successful investments in online


Facebook to introduce a new advertising platform

Facebook to introduce a new advertising platform

Facebook is reportedly in the final stages of revamping their Atlas Advertiser Suite ad management and measurement platform which they acquired from Microsoft Corp in 2013 and will shortly relaunch it as an alternative new advertising platform designed to improve the effectiveness of online ads for mobile advertisers. The new platform is expected to provide


Alibaba shakes up the world as their IPO reaches a record figure of $25 billion

Alibaba shakes up the world as their IPO reaches a record figure of $25 billion

The NYSE knew that they would do well but no one could have imagined how well- with Alibaba now having shattered the record for world’s largest-ever stock market flotation, with bankers handling the flotation on behalf of the Chinese e-commerce superpower had no option but to place more shares on the market to satisfy the

Software giants Adobe falls short on their profit forecasts for the quarter

Software giants Adobe falls short on their profit forecasts for the quarter

San Jose, California -based software manufacturer Adobe Systems, best known for their Photoshop image manipulation software, has surprisingly reported sluggish figures for the last quarter, largely driven by a drop in quarterly sales, particularly in their recently launched Creative Cloud software suite, which allows those seeking the Adobe range of digital products to access them