Sales & Marketing news

• After a blockbuster earnings report, Roku's CEO explains why its advertising business is exploding (ROKU)

  11-08-2018 21:25 via feedproxy.google.com
  Roku announced second-quarter results on Wednesday that topped Wall Street's expectations and helped boost its stock as high as 9% in after-hours trading.
  The company's advertising business helped drive the results.
  Roku is benefitting from a long-term strategy to translate the success of its digital media players into creating a platform for advertising, company CEO Anthony Wood said.
  Roku's evolution from being a seller of inexpensive streaming video boxes, to being a significant player in the
  
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• Google is looking for an ally in China to deliver its cloud services (GOOG, GOOGL)

  11-08-2018 21:22 via feedproxy.google.com
  Google is reportedly looking for a partner to deliver cloud services to China. 
  The report comes as Google is said to be preparing a version of its search engine for China — and that complies with government censorship rules. 
  Microsoft and Amazon have already tapped local partners in China to deliver cloud services, because of the country's strict rules around data needing to stay within its borders.
  Google is looking to make a grand re-entry into China, after years away. 
  
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• The impending L-train apocalypse has rents in Williamsburg plunging

  11-08-2018 21:17 via feedproxy.google.com
  Rents in Williamsburg continue to drop as residents move out ahead of the L-train shutdown, according to StreetEasy.
  The portion of the subway line that connects Brooklyn to Manhattan will be closed for 15 months beginning in April to repair damage caused by Superstorm Sandy.
  Landlords are offering more discounts to people who will soon renew their leases, StreetEasy said. 
  New Yorkers looking for a bargain on rent and willing to endure a longer commute may be able to find a sweet spot in W
  
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• $160 million corruption scandal in Argentina roils its financial markets

  11-08-2018 20:54 via feedproxy.google.com
  More than a dozen former Argentine government officials and business executives have been arrested in a large scale corruption scandal.
  The investigation is throwing Argentina upside down just as it gears up for economic recovery. 
  Watch the Argentine peso trade in real time here.
  Just as Argentina looked poised for a shot at economic recovery, a corruption scandal is roiling the embattled country.
  More than a dozen former government officials and business executives were arrested after pol
  
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• One in 2 ICOs failed in the 2nd quarter — and those that succeeded suffered huge losses

  11-08-2018 20:53 via feedproxy.google.com
  The amount of funding raised through "initial coin offerings" rose from $3.3 billion in the first quarter to $8.3 billion in the second, according to a new report.
  But the proportion of funding campaigns that failed also rose to 55%, leading analysts to say the quality of projects in the market had "significantly worsened."
  The average return for ICO tokens in the quarter was -55%, compared with a gain of nearly 50% in the first quarter.
  LONDON — Money continues to flood into the booming m
  
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• MOODY'S WARNS: Mutual funds are bleeding cash at an unprecedented rate, and they're increasingly vulnerable to the next market meltdown

  11-08-2018 20:53 via feedproxy.google.com
  Investors are pulling money from actively managed US stock funds this year at the fastest year-to-date rate on record, according to Moody's.
  The credit-ratings agency said this has made mutual funds vulnerable to the next market downturn. 
  "The lack of organic AUM growth at a time when asset markets are at historical highs is a cause for concern," Moody's said. 
  It's not getting any easier for stock pickers to hold on to their clients. 
  According to Moody's, investors have pulled
  
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• The high-profile trader who slammed ex-employer ITG with a lawsuit is gearing up to launch a firm of his own

  11-08-2018 20:52 via feedproxy.google.com
  Hitesh Mittal, the former trading head who recently sued broker ITG, is looking to make a big comeback with a new trading technology company.
  Mittal plans to launch the new firm in the next few weeks, he told Business Insider. 
  The company is aiming to replace brokers in a key area: execution. 
  Hitesh Mittal, the former hedge fund trading head who recently sued broker ITG, is looking to make a big comeback with a new trading technology company he's been working on for the past year.&nb
  
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• Goldman Sachs is about to move dozens of jobs out of pricey New York to Utah as Wall Street turns to cheaper cities (GS)

  11-08-2018 20:52 via feedproxy.google.com
  Goldman Sachs is planning to move dozens of compliance jobs out of New York City to Salt Lake City to cut costs, according to people briefed on the plans.
  Employees have not been told whether they are affected, and an announcement could come as early as September, the people said.
  Separately, the bank is building up its compliance team for the consumer and commercial banking division in Richardson, Texas.
  Goldman Sachs is planning to move dozens of compliance jobs out of New York City as part of
  
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• Barclays traders say they're building out a crypto desk— but the bank says it has nothing in the works

  11-08-2018 20:52 via feedproxy.google.com
  At least two people have been working on a digital asset project at Barclays, according to their LinkedIn profiles.
  One says he's been "hired to produce a business plan for integrating a digital assets trading desk into Barclays' markets business."
  The bank, however, said it had no plans to launch a crypto trading desk.
  Investment banks across the industry have been assessing the viability of getting into crypto in one way or another.
  LONDON — Barclays appears to have had at least two form
  
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• Microsoft CEO Satya Nadella sold $35.9 million worth of his shares in the company — his biggest stock sale yet (MSFT)

  11-08-2018 17:24 via feedproxy.google.com
  Microsoft CEO Satya Nadella sold $35.9 million worth of stock, according to regulatory filings.It's his largest stock sale since he took over in 2014. In 2016, Nadella sold $8.3 million worth of stock. 
  The sale represented about 30% of his common Microsoft stock. Plus, he still holds 2.2 million of different types of shares in the company.
  Microsoft CEO Satya Nadella sold $35.9 million worth of his shares in the company, according to a filing with the SEC on Friday. 
  The filing shows
  
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• Elon Musk's tweet about taking Tesla private might be ethically questionable, but it isn't morally wrong (TSLA)

  11-08-2018 14:57 via feedproxy.google.com
  Tesla CEO Elon Musk's tweet about taking Tesla private was meet with moralistic outrage from market analysts and commentators.
  Tesla has been a stock that's produced an excessive amount of moral opinion.
  At base, Tesla's mission is reasoned and ethical, and this could be why Musk wants to escape market moralism.
  The scolding came quick. 
  Right after Tesla CEO Elon Musk tweeted on Tuesday that he was considering taking the company private at $420 per share, a chorus of commentators said that
  
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• UBS: These are the companies most at risk from President Trump's trade war

  11-08-2018 14:01 via feedproxy.google.com
  UBS rounded up the most at-risk companies in every industry with regards to President Donald Trump's ongoing trade war with China, Europe, and others.
  Analysts warn these companies could see their earnings per share hit with double that of the market average.
  President Trump's trade war is showing no signs of stopping, and it's already taken a toll on markets.
  In the face of further escalation, UBS asked its equities analysts in each sector to identify the three companies under their coverage th
  
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• Facebook's blockchain boss David Marcus is leaving cryptocurrency startup Coinbase's board (FB)

  11-08-2018 00:53 via feedproxy.google.com
  Facebook's blockchain boss David Marcus is leaving the board of crypto startup Coinbase.
  His departure is a signal that the social networking giant's secretive blockchain efforts are progressing.
  "Because of the new group I’m setting up at Facebook around Blockchain, I’ve decided it was appropriate for me to resign from the Coinbase board," Marcus said in a statement.In a sign that Facebook's secretive blockchain effort is progressing, David Marcus, the head of that project, announce
  
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