billionaire

These Charts Show How Fast Traders React To Carl Icahn Tweets

Source: http://www.businessinsider.com/traders-reactions-to-icahn-tweets-2013-8

Last week, billionaire investor Carl Icahn Tweeted that he had a large stake in Apple and had talked to Tim Cook. During the final hours of the trading session, Icahn’s Tweets had added more than $17 billion to Apple’s market cap.

Ancoa, a surveillance platform for financial markets, recently took a look at how the stock reacted to the Tweets.

Just three seconds after the first Tweet, the stock started to rip.  This is visualized in the charts below. The two blue dots represent Icahn’s Tweets and the green dots represent trades.

Check out their charts below:  (Read Ancoa’s full blog post here)

apple chart

 

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Friday, August 23rd, 2013 news No Comments

How Tory Burch Built Her Fashion Empire And Became A Billionaire In Less Than A Decade

Source: http://www.businessinsider.com/tory-burch-the-ballerina-flat-billionaire-2013-7

New York socialite Tory Burch became the queen of fashion and a billionaire in less than a decade.

She packaged her “boho prep” style, and distributed it to the masses by launching her namesake company in 2004.

The core product of her aspirational brand, her signature Reva ballerina flat, priced at just under $200, hit a sweet spot in the market and quickly became a status symbol.

She has outpaced her competitors, Michael Kors and Coach, and the word on the street is that her company is on the road to go public.

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Thursday, July 11th, 2013 news No Comments

How Restoration Hardware Made ‘Showrooming’ An Asset Instead Of An Enemy

Source: http://www.businessinsider.com/restoration-hardware-uses-showrooms-2012-12

restoration hardware furniture

Many retailers are terrified of turning into a showroom. They fear consumers will come only to test out the products they’ll later buy online. 

Furniture store Restoration Hardware decided to approach “showrooming” differently by accepting and encouraging it, reports Joan Solsman at The Wall Street Journal

Many stores, including Restoration Hardware’s rival Pottery Barn, fought showrooming by “rushing to lower prices,” Solsman writes. 

But Restoration Hardware decreased its number of physical stores and used the remaining ones as showrooms. Sofas, tables, rugs and other decor were meticulously arranged with an emphasis on the aesthetic. Customers could find even more merchandise online or in catalogues while shopping in the stores.

The tactic is working. Direct-to-consumer now makes up half of Restoration Hardware’s business, and the retailer has reported double-digit sales growth for 10 quarters, according to Solsman.

Restoration Hardware’s model probably wouldn’t work for Best Buy, the most prolific victim of “showrooming,” Solsman cautions. 

Furniture and decor, unlike consumer electronics and other items, aren’t easily searchable by specifications,” Solsman writes. “A highly fragmented market, home furnishings sellers benefit from many players having proprietary merchandise, which stunts online competitive threats.”

DON’T MISS: The Fabulous Life Of The Mysterious Billionaire Behind Zara >

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Wednesday, December 12th, 2012 news No Comments

Analytics Show Facebook Curbs The Reach Of Big Brands’ Posts

Source: http://www.businessinsider.com/facebook-curbs-the-reach-of-big-brands-2012-11

Billionaire entrepreneur Mark Cuban and “Star Trek” actor George Takei both complained recently that Facebook reduced the “reach” of their posts, limiting the number of fans likely to see any given post.

More seriously, two executives at major social media agencies owned by WPP group claimed the same thing — only with data.

In response, Facebook formally denied that it is “gaming” its Edgerank post algorithm to reduce the reach of posts (and thus force advertisers to pay to promote posts to reach all their fans).

Now comes PageLever, a Facebook analytics company, which gave Mashable some data that shows that the bigger fanbase your Facebook page has, the lower reach any individual post has. Brands with small fanbases of fewer than 10,000 people can get nearly 20 percent of them to see any individual post. But brands like Coca-Cola and Walmart, who have more than 1 million fans, can only get about 6 percent of them to see any given post — unless they pay:

PageLever

The data suggest Facebook’s algorithm discriminates against bigger brands. It encourages smaller brands by offering them triple the reach of their larger competitors. But the more successful a brand becomes on Facebook, the more its organic average reach dwindles.

By the time any company has more than 100,000 fans, of course, they’re pretty dependent on Facebook as a marketing medium — and thus may be more likely to pay to promote posts.

Related: Facebook Denies It Is ‘Gaming’ Its News Feed To Force Companies To Buy Ads

See Also: Facebook Accused Of Changing A Key Algorithm To Hurt Advertisers

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Monday, November 19th, 2012 news No Comments

Analytics Show Facebook Curbs The Reach Of Big Brands’ Posts

Source: http://www.businessinsider.com/facebook-curbs-the-reach-of-big-brands-2012-11

Billionaire entrepreneur Mark Cuban and “Star Trek” actor George Takei both complained recently that Facebook reduced the “reach” of their posts, limiting the number of fans likely to see any given post.

More seriously, two executives at major social media agencies owned by WPP group claimed the same thing — only with data.

In response, Facebook formally denied that it is “gaming” its Edgerank post algorithm to reduce the reach of posts (and thus force advertisers to pay to promote posts to reach all their fans).

Now comes PageLever, a Facebook analytics company, which gave Mashable some data that shows that the bigger fanbase your Facebook page has, the lower reach any individual post has. Brands with small fanbases of fewer than 10,000 people can get nearly 20 percent of them to see any individual post. But brands like Coca-Cola and Walmart, who have more than 1 million fans, can only get about 6 percent of them to see any given post — unless they pay:

PageLever

The data suggest Facebook’s algorithm discriminates against bigger brands. It encourages smaller brands by offering them triple the reach of their larger competitors. But the more successful a brand becomes on Facebook, the more its organic average reach dwindles.

By the time any company has more than 100,000 fans, of course, they’re pretty dependent on Facebook as a marketing medium — and thus may be more likely to pay to promote posts.

Related: Facebook Denies It Is ‘Gaming’ Its News Feed To Force Companies To Buy Ads

See Also: Facebook Accused Of Changing A Key Algorithm To Hurt Advertisers

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Monday, November 19th, 2012 news No Comments

The Owner Of Flash Sales Site Rue La La Is Laying Off A Big Chunk Of Its Staff

Source: http://www.businessinsider.com/the-owner-of-flash-sales-site-rue-la-la-is-losing-up-to-half-its-staff-2012-1


rue la la

UPDATE: Rue La La has reached out to us to update the story with some additional information.

Rue La La just laid off 11 percent of its 500-person staff, according to the company.

The Boston Business Journal first reported the layoffs.

Site owner Retail Convergence is also shutting down SmartBargains.com, a discount shopping site, according to the report.

Some employees were offered other positions in the company, and everyone was offered some kind of severance package, a source close to the company told us.

“It was a mess upstairs. People were crying all over the place,” one unnamed employee told the Boston Business Journal. 

Rue La La operator Retail Convergence raised about $25 million from General Catalyst Partners and Breakaway Partners before being acquired by a company called GSI Commerce for $350 million, reports The Boston Business Journal.

eBay then bought GSI Commerce in 2009, and Rue La La got $500 million in debt and equity financing as part of the deal, according to the report. Retail Convergence, the owner of Rue La La and SmartBargains.com was spun out as part of that deal.

Here’s the full statement from Rue La La:

Since launching in 2008, Rue La La has transformed online shopping and has become a leader in the “private sale” shopping space.  In a continued effort to revolutionize off-price shopping, we have made the strategic decision to double down on our core business.  This heightened focus on our core includes the restructuring of our Rue Local business by outsourcing our sales force and consolidating SmartBargains.com into Rue La La. SmartBargains.com was originally launched 1999.  These moves unfortunately resulted in the elimination of some staff positions.  Rue La La has continued to see dramatic growth with nearly $300MM in sales in 2011 and similar growth planned for 2012 and beyond.

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Thursday, January 12th, 2012 news No Comments

There’s Only One Way To Make A Ton Of Money And Be Happy Selling Your Start Up

Source: http://www.businessinsider.com/theres-only-one-way-to-male-a-ton-of-money-selling-your-start-up-2012-1


Venture Capital Ad

There is a common belief that venture capital has become a necessity to get start-ups off the ground.

The seemingly endless flow of funds is very appealing to the up-and-coming company looking to sling-shot themselves to instant growth.

While VC funding can give an important vote of confidence and is absolutely necessary for large infrastructure projects, there’s another side to VC funding— it can actually become a huge hindrance. As I’ve discussed before, skipping venture capital can leave your company with the freedom to grow in a sustainable way, creating more value for all stakeholders.

This means when you do sell – as my company AdoTube did recently— you are able to reap all the rewards of selling a healthy profitable company while being a big part of its future. Read below for the 5 reasons why skipping the VC can leave you with more money and probably more importantly a better company legacy.

1.       VCs just want their return

Venture capitalists have a portfolio of investments consisting of multiple start-ups, and therefore only care about average portfolio results. On the other hand, founders have all their eggs in one basket. Not only is this company their brainchild, but it is also their savings on the line. While founders are interested in the eventual payout, providing a product or service that consumers are excited about can be even more important. This focus on the long-term can lead to a greater eventual pay-out as well as a better company legacy.

2.       It’s easy to waste VC money, diminishing overall value

It is easy to overspend when it is not your money. When a small company comes across millions of venture capital, a lot of that cash can get thrown out with the bath water. Keeping the company small and growing it with your own sweat, blood and hard earned cash can lead you to be thriftier in your decisions. When AdoTube started, we made sure every purchase would earn us back revenue, otherwise why waste the money? Ultimately, this allowed us more value for our investment and helped us get a better return.

3.       VCs go big or go bust

Multiple rounds of VC can put founders in a situation where the company either becomes extremely successful or goes bust. Venture Capitalists’ are looking for the big payday, and if the instant pay-out is not immediately apparent, the company can come to a screeching halt. Founders, on the other hand, can take their time building the company up growing it organically. Without venture capitalists looking for their end return, there is still a lot of middle ground available to time a company’s growth spurt with the market.

4.       VCs don’t care about company culture

VCs aren’t incentivized to make deals that are best for the company and the founders. They are incentivized to sell for the most money. The problem is that while every founder dreams of retiring to the Caribbean after they sell, the reality is that their role with the company is often far from over. Founders are often needed to stay on board to steer transitions or integrations are also often the best person to run the newly acquired company. Culture is paramount in making sure all of this happens smoothly and benefits everyone.

5.       VCs don’t know what’s best for the company

Venture Capitalists don’t understand your business like you do. They study revenues and look for synergies with other companies. VCs can even value companies differently depending on how they might merge with another. Valuing a company based on this can take away from the goals of founders, forcing companies to work more like a widget factory than a company. A simple sale could also mean the instant death of your company, destroying all the value that you created (just talk with the guys at Foursquare). While the VCs walk away with a pay-day the company that you spent years creating is gone in an instant.

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Thursday, January 12th, 2012 news No Comments

Hulu’s 2011 Revenue Comes In At $420 Million (NWS, CMCSA, DIS)

Source: http://www.businessinsider.com/hulu-revenue-2012-1


Hulu revenues

Hulu CEO Jason Kilar just revealed some big numbers from 2011 on the company’s blog.

The web video startup generated $420 million in revenue, up 60% from the year prior.

Other key stats from Kilar:

  • Hulu Plus has 1.5 million paying subscribers and is gaining at double the rate it was last year. It reached 1.5 million faster than any other video subscription service.
  • Since 2010, Hulu’s content offering has grown 40% and Hulu Plus’ has grown 105%.
  • Hulu’s business model allows them to compensate content providers 50% more per subscriber in licensing fees than its competitors.
  • The service plans to invest $500 million in content in 2012.

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Thursday, January 12th, 2012 news No Comments

Sean Parker Invests In Music Startup StageIt

Source: http://www.businessinsider.com/boonsri-dickinson-sean-parker-invests-in-a-hot-music-startup-stageit-2011-12


Sean Parker web 2.0

We’ve learned that billionaire Sean Parker of Napster and Facebook fame has invested in StageIt, an online platform for live concerts.

The investment makes sense, as Parker has been focused on shaking up the music industry.

While Parker disrupted the music industry in the late 1990’s when he created Napster, he may soon do the same with his latest involvement in Spotify. We reported earlier that Parker said Spotify will finish what Napster started — deliver instant gratification to music fans.

The Los Angeles-based startup StageIt can deliver a different type of gratification. The platform lets artists set up digital concerts and gives them a way to make money without ever having to leave their house.

Two years ago, StageIt founder Evan Lowenstein founded the company based on the idea people that would pay for a unique experience.

Not long ago, Lowenstein came into play for me to demo the service: As a singer himself, he played “Crazy for This Girl” to show how fans purchase tickets to watch him live and use a chat feature to talk to him during the performance.

“You can’t pirate intimacy and you can’t pirate an experience,” Lowenstein said.

 

 

 

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Wednesday, December 7th, 2011 news No Comments

Billionaire Earnings Fight! [Movies]

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/DWoI_ceFFTo/avatar-vs-modern-warfare-2-billionaire-earnings-fight

Avatar, the soon king of movies, vs Modern Warfare 2, the king of videogames. Here’s a look at how their earnings stack up by the numbers. The biggest surprise? Modern Warfare had a significantly larger ad budget. [Business Management]


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Friday, January 15th, 2010 digital No Comments

Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.

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