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Companies & Industries

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


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


Glasspoint picks up $53 million in investment to promote their research in oil extraction using solar-steam generators

Glasspoint picks up $53 million in investment to promote their research in oil extraction using solar-steam generators

Fremont, California-based Glasspoint Solar Inc, a privately owned designer and producer of solar equipment used to enhance oil recovery, have been the recipient of a cash injection of $53 million from a group of investors, led by Royal Dutch Shell Plc (RDSA) and Oman’s largest sovereign wealth fund, to accelerate the preparation of Glasspoint’s solar-steam