7 years ago069
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 ago079
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 ago072
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 ago047
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,...