By snapping up New York based start-up Tumblr, in the process making its founder David Karp a very wealthy man at the ripe old age of 26, Yahoo CEO Marissa Mayer is being seen in the industry as a determined effort by the now veteran search engine portal to shake off their staid image.
Facebook has recently released their earnings results for the first quarter of 2013, with the first impression being that things are looking considerably better profit wise for the social networking giant. With Mark Zuckerberg having made no secret of the fact that Facebook's target for 2013 is...Read more
It is part of popular folklore in the global finance business that George Soros, one of the leading fund managers in the world, rarely makes a bad move. So when the news broke just before the weekend that his company, Soros Fund Management’s, had just bought shares to the value of 7.9 per cent...Read more
Last year was a great year for Apple, many reckoning have been their peak year in their history, with global sales reaching a staggering $156.5 billion, largely driven by the tremendous demand for iPhones. Not only did they make massive profits but so did the companies part of their supply...Read more
After a wait of almost two months, the European Union has finally given their blessing for the US based Liberty Global telecommunications group to complete the $23.3bn takeover of Virgin Media. With the deal now being official, the Liberty global group owned by John Malone can now wear the...Read more
Despite many parts of Europe being described as “toxic zones” especially those countries around the Mediterranean such as Spain, Italy, Greece and now even Cyprus, according to a recent survey organised by the Global Business Travel Association (GBTA) the frequency of business travel within...Read more
Tesla’s often controversial chief executive Elon Musk knows all about making money having earned hundreds of millions, is one of the founder members of PayPal as well, has invested very wisely in other smaller Internet-based companies that end the South African born entrepreneur millions here...Read more
When Michael Dell joined forces with Silver Lake Partners to regain control of the company that he built from nothing, Dell Computers, it was obvious that he was looking to do so at below market value. However, it now appears that a less favorable situation has developed, with a bidding war now...Read more