Airbnb Poaches Blackstone CFO on Path to IPO
Airbnb, the vacation rentals startup, announced Friday that it hired Laurence Tosi away from Blackstone to join the company as chief financial officer. The hiring of Tosi, who spent seven years as CFO at the private equity firm, could be a signal that the $25.5 billion startup is nearing an IPO.
Why Max Levchin Is Banking on Millennials
Max Levchin looks to reinvent the credit market with his lending startup Affirm
Could Sheryl Sandberg be the Next CEO of Disney?
Sheryl Sandberg is reportedly being eyed as a possible candidate to replace Walt Disney CEO Bob Iger when he steps down in 2016.
Groupon Appoints New CEO, Forecasts Weak 2016
Groupon Inc, the operator of daily deals website groupon.com, said co-founder Eric Lefkofsky was stepping down as chief executive and returning to the role of chairman, effective immediately.
United Airlines CFO Rainey Moves to Same Position at PayPal
United Continental Holdings Inc Chief Financial Officer John Rainey has left the fourth-biggest passenger air carrier in the United States to take up the same role at PayPal Holdings Inc, the companies said Tuesday.
Challenges Await Amazon's Drone Deliveries
Amazon plans to use drones to deliver packages in some cities. The idea is novel, but many hurdles lie ahead.
Amazon Enters Britain's Fresh Food Market
Online retailer Amazon is set to enter the British fresh food market after striking a supply deal with supermarket Morrisons.
Yahoo Forms Independent Committee To Explore Strategic Alternatives
Yahoo said its board formed an independent committee to explore strategic alternatives, alongside the pursuit of the reverse spinoff of its Internet business.
Amazon Expanding Deliveries by 'On-Demand' Drivers
Amazon.com is quietly inviting drivers for its new "on-demand" delivery service to handle its standard packages, as the online retailer looks to speed up delivery times and tamp down its growing multi-billion dollar logistics bill.
LinkedIn Shares Fall 40% on Forecast, Analyst Downgrades
LinkedIn might be the go-to website for job seekers and other professionals to grow their business connections, but it was not one Wall Street wanted to touch Friday as the share price was under considerable pressure.
Report: CFTC Exploring Bitcoin Regulation
The CFTC is reportedly ‘seriously’ exploring whether Bitcoin may fall under the U.S. regulator’s purview.
SINA's Weibo.com Secures $586M Online Payments Deal With Alibaba
Shares of SINA Corp. climbed after the Shanghai-based online media company inked a $586 million deal with China’s largest e-commerce platform Alibaba that could enable its merchants to connect with Weibo.com's 400 million users.
Alibaba's 3Q Earnings Beat Expectations
Alibaba reported an adjusted 3Q profit of $0.99 per share, topping the estimate for $0.87. Revenue for the company came in at $5.33 billion, also beating the estimate for $5.03 billion.
Amazon 2Q EPS Results Miss Views; Shares Off 3%
Amazon.com posted 2Q per-share results Thursday that missed expectations. The online retail giant weighed in with a loss of 2 cents a share on revenue of $15.7 billion. The stock is off 3% in after-hours trading.
Don't Be Shocked If Market Tests Lows
We’ve been moving more or less sideways, but I’d be surprised if the current lows aren’t tested – and broken – in weeks to come.
Study: Mobile Commerce Transactions to Hit 195 Billion by 2019
A new report from Juniper Research forecasts a big jump in mobile commerce transactions over the next five years.
Amazon Earnings: What to Expect
Amazon reports earnings after the bell Thursday with Wall Street forecasting revenue of $20.8 billion. Expect investors to be focused on topline growth and operating margins.
Smart Remote Startup Peel Announces $50M Investment from Alibaba
The $50 million in funding from Chinese e-commerce giant Alibaba will be used to support Peel’s move further into the smart-home space.
FTC Shuts Down Bitcoin-Related Scam
The Missouri-based Butterfly Labs allegedly deceived consumers in its attempts to sell “Bitcoin-mining computers.”
Alibaba’s IPO: Should You Buy Into the Hype?
If Alibaba can continue to scale domestically at or near those margin levels, it can do so internationally as well, and it could represent the most profitable and scalable business models of any large cap tech company on Earth.

















