Category Archives: The Market

Bird sues Beverly Hills over its ban of motorized scooters

Bird sued the city of Beverly Hills on Thursday, seeking to overturn a six-month ban on rental scooters that the local city council approved in July. — Read on http://www.latimes.com/local/lanow/la-me-ln-bird-beverly-hills-20181101-story.html

Facebook shareholders back proposal to remove Zuckerberg as chairman

The revolt of the non-voting shareholders. Several public funds that hold shares in Facebook Inc on Wednesday backed a proposal to remove Chief Executive Officer Mark Zuckerberg as chairman, saying the social media giant mishandled several high-profile scandals. — Read on http://www.reuters.com/article/us-facebook-shareholders/facebook-shareholders-back-proposal-to-remove-zuckerberg-as-chairman-idUSKCN1MR2GY

Snap is ‘quickly running out of money’

I know how Snap can save $500 million per year: his name is Evan Spiegel. The CEO famously rejected stock options comp for a ridiculous annual salary of one half a billion USD. Snap Inc. stock slid more than 5% on Tuesday morning after an analyst said the Santa Monica company behind the Snapchat video-messagingContinue reading “Snap is ‘quickly running out of money’”