7 years ago067
Global fund managers cut U.S. stock market allocation to a more than 9-year low.
The managers see Nasdaq as the most crowded trade in the world.
Tech has been the largest overweight 80 percent of the time since 2008, but the managers reduced it to second largest in June.
Fund managers see Nasdaq stocks as the most crowded...
7 years ago077
Instagram CEO Kevin Systrom needed someone to implement his plan to overhaul the service.
At a dinner, he asked Kevin Weil, who had gone to Harvard with Mark Zuckerberg and worked at Twitter as a top exec, to take the job.
Soon after Weil joined, Instagram user and advertiser growth took off.
Instagram CEO Kevin...
7 years ago061
Raymond James is bullish on Nike's recent moves to sell on social media and e-commerce platforms.
The firm initiates coverage on the company with an outperform rating and a price target of $71, representing 23 percent upside from Wednesday's close.
Raymond James made Nike its "top pick" in the consumer sector...
7 years ago076
Yelp's lobbying team operates out of a shared office space in Washington, D.C.
The company wants U.S. regulators to condemn Google's behavior.
Yelp has long had a problem with how the search engine favors its own results.
Jeremy Stoppelman, chief executive of Yelp, the local search and reviewing site, would like this...
7 years ago068
Catherine Bracy says when Uber announced that it was buying the Sears building in Oakland the local community said, 'No, don't come … we don't see that this is a valuable addition.'"
Her nonprofit, TechEquity Collaborative, wants to bridge the gap between the tech industry and the local community.
A couple of years ago,...
7 years ago045
Nike's fourth-quarter earnings and sales came in above Wall Street's expectations, sending the stock higher after hours on Thursday.
Nike said its international geographies and its direct-to-consumer businesses fueled sales growth in the latest quarter and for the full year.
Nike also saw strong growth in its Jordan brand,...
7 years ago054The founding member of The Black Eyed Peas said that by 2030, Brexit will be 'an old school thought' for the UK’s rapidly evolving tech industry.
The reckless rise of artificial intelligence is going to be much more disruptive for the London technology scene in the longer run than Britain’s departure from the EU, according to...