Sales & Marketing news

• 10 unicorn tech startups had major exits last quarter — and the biggest was worth $53 billion (DOCU, SPOT, AVST, PS, GSKY, MSFT, ADYEN, T, 1810, 2051)

  27-08-2018 23:49 via feedproxy.google.com
  The startup market has reached a point of maturity, with more and more startups seeing their valuations explode thanks to fruitful initial public offerings and acquisitions, according to Goldman Sachs' Views from the Valley report, published last week.
  Despite a name that indicated uniqueness, quite a few startups are unicorns — private companies valued at $1 billion or more. In recent months, the number of unicorns has nearly tripled, rising from 54 at the beginning of 2017 to 158 in the
  
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• MoviePass isn't letting some annual subscribers cancel who were promised a refund

  27-08-2018 22:13 via feedproxy.google.com
  MoviePass started converting annual subscribers to monthly plans over the weekend, and some users were given the option to cancel and receive a refund for the remainder of their annual plans.
  Many subscribers have taken to Twitter to complain that they can't cancel their plans and receive a message that says their credentials are ineligible. 
  Two users told Business Insider that MoviePass got their sign-up dates wrong: for instance, one user signed up for an annual subscription on February
  
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• The Trump administration is throwing $4.7 billion at US farmers to try and make up for the trade war pain

  27-08-2018 22:04 via feedproxy.google.com
  The US Department of Agriculture announced the first set of aid to US farmers hurt by President Donald Trump's trade war, totaling $4.7 billion.
  $3.6 billion of the aid will go to soybean farmers who have been hit particularly hard due to China's tariff on the crop.
  The aid is part of a promised $12 billion package to help offset the pain of the trade war.
  The US Department of Agriculture on Monday announced the first wave of financial assistance for US farmers hurt by President Donald Trump's t
  
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• Stocks jump on NAFTA hopes

  27-08-2018 22:02 via feedproxy.google.com
  Stocks jumped Monday after the US and Mexico settled a key trade dispute surrounding a modernized NAFTA. The dollar fell, and Treasury yields jumped. 
  Here's the scoreboard:
  Dow Jones industrial average: 26,055.03 +264.68 (+1.03%)S&P 500: 2,895.98 +21.29 (+0.74%)Nasdaq Composite: 8,017.40 +71.43 (+0.90%)
  The US and Mexico reached a preliminary trade deal that he signaled could overhaul NAFTA. Trump claimed a new agreement would be called the "United States-Mexico Tr
  
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• AMD is surging after announcing a new data-center graphics card (AMD)

  27-08-2018 22:02 via feedproxy.google.com
  AMD on Sunday announced a new graphics card aimed at data center users.
  The stock surged in trading Monday, hitting its highest price in over a decade.
  Follow AMD's stock price in real-time here. 
  Shares of AMD surged as much as 12% Monday, hitting an 11-year high of $27.30, after the company on Sunday announced a new high-performance graphics card for data centers. It later pared some of those gains and was trading up about 7%. 
  The Radeon Pro V340 card is intended to help speed up CA
  
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• Tinder's cofounder says he had 'no choice' but to sell his stock in the dating app maker a month before he left the company (IAC, MTCH)

  27-08-2018 21:33 via feedproxy.google.com
  Tinder cofounder Sean Rad says he had "no choice" but to exercise his options in the company last August, a month before he left it.
  The move left him with some 816,000 shares of IAC, Tinder's parent company.
  His subsequent sale of those shares reflected his lack of faith in IAC, not Tinder, he told The Verge in a new interview.
  The ownership stake in Tinder held by Rad and his founding team is at the center of a lawsuit filed by them against IAC and its Match Group subsidiary earlier this month
  
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• Toyota is investing $500 million in Uber at a $72 billion valuation as part of a self-driving-car partnership

  27-08-2018 20:25 via feedproxy.google.com
  Toyota is investing $500 million into Uber, according to The Wall Street Journal.
  The investment round values Uber at $72 billion, The Journal said.
  Toyota and Uber are said to be partnering to develop self-driving car technology, an area where Uber has struggled. 
  Toyota will invest $500 million into Uber at a mammoth $72 billion valuation, the two companies announced on Monday, alongside a partnership developing autonomous-vehicle technology. The news was first reported by The Wall S
  
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• Chinese video-streaming stocks are going nuts (IQ, BILI, HUYA)

  27-08-2018 19:50 via feedproxy.google.com
  Shares of Chinese video-streaming stocks are surging on Monday.
  One of them — Bilibili — is scheduled to report earnings after markets close.
  Watch IQiyi, Huya, Bilibili trade in real time here.
  Shares of Chinese video-streaming stocks are surging in US action on Monday.
  Here's the scoreboard:IQiyi, the Netflix of China: +10%
  Huya: +12%
  Bilibili: +7%Monday's gains come as these tech companies continue to recoup the losses that were incurred earlier this month when Chin
  
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• Warren Buffett's Berkshire Hathaway is entering a $1 trillion market in India

  27-08-2018 19:15 via feedproxy.google.com
  Warren Buffett's Berkshire Hathaway confirmed it is investing in the parent company of Paytm. 
  The transaction is among the first of the company's investments in India.
  Buffett said last year India is a "huge, enormous" market with "incredible" potential.
  Warren Buffett's Berkshire Hathaway is putting some of its massive cash pile to work in India.
  Berkshire confirmed Monday it has invested in One97 Communications Ltd., the parent company of Paytm, which is the largest mobile-payment c
  
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• Auto stocks get a boost after the US and Mexico reach an agreement on parts of NAFTA (F, GM, FCAU)

  27-08-2018 19:06 via feedproxy.google.com
  Ford, GM, and Fiat Chrysler — the US's largest automakers — all got a boost Monday following the announcement that the US and Mexico reached an agreement on parts of NAFTA.
  The new rules could require 75% of a vehicle be sourced from a NAFTA nation, and up to 45% be made by workers receiving $16 per hour. 
  President Donald Trump had previously threatened new tariffs on Canadian vehicles if no agreement was reached.
  Shares of the largest US automakers got a boost Monday
  
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• 'Woohoo!': Tesla board member had an emphatic reaction when Elon Musk announced he no longer wanted to take the company private (TSLA)

  27-08-2018 18:34 via feedproxy.google.com
  After Elon Musk announced he no longer planned to take Tesla private, a Tesla board member let out an excited whoop, The Wall Street Journal reports.
  The decision came after a tumultuous few weeks in which Musk and Tesla scrambled to recover from a tweet in which Musk announced he wanted to take Tesla private.
  Elon Musk may not have been the only one relieved to close Tesla's chapter about becoming a private company.
  As Musk informed Tesla's board of directors that he was abandoning a plan to bu
  
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• 'We think credibility has taken a hit': Wall Street is even more worried about Tesla's financials after Elon Musk's failed push to go private (TSLA)

  27-08-2018 17:40 via feedproxy.google.com
  Tesla will remain publicly traded, CEO Elon Musk announced over the weekend.
  Several Wall Street analysts are worried that the company's credibility could take a hit, since its valuation is highly linked to its prolific CEO. 
  Follow Tesla's stock price in real-time here.
  Elon Musk will still have to deal with Wall Street analysts after all.
  The billionaire CEO of Tesla announced late Friday that his electric-car company would remain publicly traded, ending a 16-day whirlwind of uncerta
  
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• The US and Mexico struck an agreement on key parts of NAFTA, moving a step closer to reshaping the massive trade deal

  27-08-2018 16:26 via feedproxy.google.com
  The US and Mexico have reached an agreement on parts of the North American Free Trade Agreement, the two countries announced Monday.
  The deal would retool rules regarding auto manufacturing.
  Canada must agree to the new guidelines, and the trio must reach agreements on a handful of other issues before they can reach a deal on a final NAFTA negotiation.
  The US and Mexico have reached an agreement on elements of the North American Free Trade Agreement, marking a significant step toward reshaping t
  
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• The Mexican peso jumps on report the US and Mexico reach preliminary NAFTA deal

  27-08-2018 16:05 via feedproxy.google.com
  The Mexican peso was up as much as 1% against the US dollar Monday.
  The US and Mexico reportedly reached a preliminary NAFTA deal.
  Watch the Mexican peso trade in real time here.
  The Mexican peso jumped Monday after the US and Mexico reportedly reached a breakthrough on NAFTA, clearing the way for to an end to sluggish trade negotiations among the two countries and Canada that have dragged on for more than a year.
  The peso was up as much as 1% against the dollar after US and Mexican trade n
  
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• Warren Buffett disciple Scott Black explains why old-school value investing has gotten so difficult — and how he’s managed to survive

  27-08-2018 16:00 via feedproxy.google.com
  Scott Black, the founder and president of Delphi Management, made a household name for himself by employing the value investing techniques pioneered by Warren Buffett and Benjamin Graham.
  However, during the ongoing bull market, value investing has systematically underperformed as market conditions have changed rapidly.
  Black explains why value has lagged the broader market so much over the last 9 1/2 years, and outlines what he's done to combat the trend.
  It's a difficult time to be a value inv
  
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• Main Street's thriving job market could be foreshadowing a stock meltdown — and mass layoffs across Wall Street

  27-08-2018 15:59 via feedproxy.google.com
  The unemployment picture on Main Street looks downright rosy, but that could be signaling future market instability or even a stock-market meltdown.
  Jim Paulsen, the chief investment officer at Leuthold Group, notes that sharp stock-market sell-offs are usually met with widespread Wall Street layoffs.
  In an ironic twist of fate, signs of strength on Main Street could be foreshadowing a reckoning on Wall Street.
  When the housing bubble burst back in the mid-2000s, plunging the US into a deep rece
  
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• A fake Warren Buffett account is blowing up on Twitter

  27-08-2018 15:57 via feedproxy.google.com
  Someone with the Twitter handle @warrenbuffet99 has created an account claiming to be Berkshire Hathaway CEO Warren Buffett and is raking in followers.
  The account was created in December 2016 and sent at least 11 tweets on Monday morning, adding thousands of followers.
  The real @WarrenBuffett account is verified and spells his last name correctly.
  An unverified Twitter account with the handle @warrenbuffet99 has amassed a cult following on the social-media platform.
  The account, which was start
  
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• Branded products, Brexit, online spending: 5 killer stats to start your week

  27-08-2018 10:00
  1. GDPR three months on: Most consumers feel no better off
  It’s been three months since the General Data Protection Regulation (GDPR) came into effect yet consumers don’t feel any better off.
  Despite 57% of people say they now feel they have a better understanding of how companies are using their personal data, just 27% believe their overall experience with brands is better.
  Most people (65%) believe GDPR has made no difference at all, while 8% say things have gotten worse.
  More tha
  
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• Ikea shifts marketing strategy to focus on product innovation rather than rooms

  27-08-2018 01:01
  Ikea is shifing its marketing strategy, moving away from its traditional focus on rooms to instead put the spotlight on product innovation and showcase how the addition of just a few new things can transform the home.
  The ‘New Wonders Can Come Out of the Blue’ campaign, created by Mother, kicks off this week. The first TV spot, ‘Spinning Cups’, features three elderly ladies having their weekly get together before things get a bit wild.
  Centred around its blue Frakta bag
  
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