If you believe in the mantra “innovate or die,” you might conclude that the largest consumer and retail brands are terminally ill. Giants like Kraft and Clorox all seem to be too slow and enslaved to shareholders to innovate. At the same time, they may be too large to perish… at least for now.
What we have here is the perfect storm for a consumer mergers and acquisitions (M&A) avalanche.
Big consumer packaged goods (CPG) companies are struggling to sell their...
Facebook has been at the center of a media firestorm lately—what with CEO Mark Zuckerberg implying that people can deny the Holocaust in good faith, being buddy-buddy with the Trump campaign, and refusing to remove toxic content.
And yet, Wall Street seems to be having a hard time caring about the foibles and missteps of an awkward CEO: Earlier today, Facebook’s stock reached an all-time high of $211.50 per share.
While investors may be momentarily spooked by headlines, it’s pretty clear that money talks in the end. In the wake of the Cambridge Analytica scandal, Facebook’s stock price dropped, but it has since enjoyed a substantial rebound.
Facebook is expected to report earnings on Wednesday, July 25, and some analysts already predict that Facebook will show “second-quarter revenue growth of 45% year over year to $13.52 billion,” besting even Wall Street’s estimate.
In the lead-up to the US Securities and Exchange Commission’s (SEC) critical decision on whether digital tokens are securities, CEOs of digital asset investment firms are really giving it to Ripple’s native cryptocurrency, XRP – claiming it’s really just digital fiat. Most of the criticism centers on the role the centralized nature of the XRP tokens distribution model plays in its eventual classification. The collective pooling of investments – with an intention of monetary gain from the efforts of others – is central to the definition of a security, and the SEC has already deemed that ‘initial coin offerings’ (ICOs)… This story continues at The Next Web