The Chinese e-commerce giant led by Jack Ma saw its shares pop 36 pct at the open. Staggering growth and margins proved irresistible to global investors. The company’s cloudy governance, frenetic dealmaking and corporate structure could yet prove a trap.
Peter Thiel’s new book sets out possible features of the next world-changing startup that will earn its founders a monopoly – another Google, say. Ben Horowitz’s focuses on running a tech company amid fierce competition. One is about vision, the other – for most people – reality.
The U.S. football league has thrown its weight around to grow into a $10 bln entertainment colossus. Victims of the sport’s violence get trampled until the likes of Anheuser and Nike play offense. Corporate America may be all that keeps the NFL from going the way of boxing.
Reality is not being kind to Milton Friedman’s dictum that inflation is “always and everywhere a monetary phenomenon.” The U.S. money supply is rising faster than output, yet prices are going down. For now globalization, unemployment and aging may be the keys to wages and prices.
The Oracle founder is stepping down as CEO, but his 25 pct stake in the software giant – and dual role as chairman and chief technology officer – ensure he’s far from relinquishing control. Splitting his old job between two executives could, however, lead to a bumpy transition.
The U.S. watchdog is nailing petty offenders just as cops used to nab pesky windshield-cleaners. The idea is to nip wrongdoing in the bud. But complex securities enforcement isn’t like neighborhood crime prevention. The tactic may boost SEC statistics more than it deters fraud.
The job-focused social network is fine-tuning censorship policies for its Chinese site, which blocks sensitive posts in the PRC. It’s a contrast with other Western internet firms which have been more reluctant to oblige the censors. Unlike Google, LinkedIn can afford pragmatism.