WeWork’s parent company, the We Company, made a splash earlier this week with the release of its much-anticipated IPO prospectus. The company’s S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber’s IPO in May. It’s also filled with unusual […] Read more
As more video-streaming services flood the market, professional sports leagues are finding themselves in an increasingly precarious situations, because they’re not included in the packages. At this week’s Allen & Co. conference in Sun Valley, Idaho, some of the top sports executives gathered to discuss the future of sports. We spoke to the commissioners of […] Read more
The former chief executive officer of Cisco told CNBC that Facebook is at a crossroads and must make proactive changes to sustain growth in the face of increased regulatory scrutiny. John Chambers, who led Cisco for two decades including during the dot-com crash, said the social media giant needs to work aggressively to rebuild trust […] Read more
For people living in the developed world, electricity is something that can perhaps be taken for granted — with the flick of a switch or the press of a button they have lighting, TV and a huge number of other modern conveniences. Yet many people do not enjoy the same benefits. In sub-Saharan Africa, for […] Read more
This year as executives from the world’s biggest brands and ad agencies gather for the annual Cannes Lions advertising festival, Facebook and Google, which control the majority of all digital advertising, are facing unprecedented scrutiny. The largest companies in the industry teamed up to announce a new “Alliance for Responsible Content” at this year’s festival. […] Read more
Nintendo shares fell Wednesday after it announced a delay in the launch of a highly anticipated video game, Animal Crossing, at the Electronic Entertainment Expo. By the end of the trading day in Tokyo on Wednesday, shares of Nintendo had fallen 3.53%. The company announced it was delaying the launch of the latest installment in […] Read more
In the wake of a series of coordinated attacks that claimed more than 250 lives on April 21, the government of Sri Lanka shut off its residents’ access to social media and online messaging systems, including Facebook, WhatsApp, YouTube, Snapchat and Viber. The official government concern was that “false news reports were spreading through social […] Read more
Google CEO Sundar Pichai will meet with the chairman of the Joint Chiefs of Staff Chairman, Gen. Joseph Dunford, on Wednesday after the military chief said the company is “indirectly benefiting the Chinese military” through its work there. “We watch with great concern when industry partners work in China knowing that there is that indirect […] Read more
Gen Z, the latest generation graduating into adulthood, isn’t just snubbing print media, it’s abandoning old media altogether. This generation, the oldest of which is around 22, grew up with the internet, hand-held devices and social media. They do not remember a time when these things did not exist. Because of that, their consumption habits […] Read more
The experts are not in agreement and it’s a controversial question. But some argue that mental health issues around social media – in particular addiction – exist, and are becoming increasingly prevalent. It’s a theory the press has taken up with gusto. Most national newspapers reported on a survey earlier this year which found Instagram is the […] Read more
