Chao

102 Flips | 16 Magazines | 10 Followers | @Chao1021 | Keep up with Chao on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Chao”

Social media start-ups' value is enormous — if you trust investors

SAN FRANCISCO — Snapchat is not even 3 years old. It's run by a couple of twentysomethings with no prior business experience. And it has never made a cent.<p>Yet investors are fighting for the opportunity to throw hundreds of millions at the mobile messaging service that is all the rage with teens.<p>The …

With 30K Active Online Stores, Weebly Launches DIY eCommerce Platform To Take On Amazon And Shopify

On the heels of Wix’s debut on the NASDAQ this morning, another veteran website builder is responding with some big news of its own. Since launching in 2006 (the same year as Wix), Weebly has taken a slightly different approach to website creation than its competitors: By catering to entrepreneurs. …

Online retailers move into bricks and mortar stores

<b>With the inexorable rise of online shopping, there have been gloomy predictions about the future of the bricks and mortar, High Street store.</b><p>Yet it seems that reports of its imminent demise may have been exaggerated.<p>In a new twist, established e-commerce businesses are increasingly opening physical …

Twitter Succeeding Where Facebook Failed

As Twitter grows beyond its 140-character limitation and prepares for an IPO, we could be witnessing the rise of a platform that succeeds where Facebook has failed.<p>Remember the Facebook platform? Its debut was May 2007, and it was a big deal at the time. “Right now, social networks are closed …

America’s highest earners work at least 60 hours a week—more than anyone else in the world

<i>This item has been corrected.</i><p>Do Americans—and many Europeans working in American-dominated fields such as investment bank, consulting and ventures—work too hard?<p>Economic data show that in 1950, Americans worked around 1,900 hours per year. That’s now down to 1,700. But the French, who used to work …

Die Hard

Twitter flotation: what do superstars of tech do with riches? Carry on creating

Leave it to Justin Timberlake to utter the most important phrase in <i>The Social Network</i>, a film that charted the tumultuous rise of the Facebook founders. It was about money. "A million dollars isn't cool," he quipped in his role as Napster founder and early Facebook backer Sean Parker. "You know …

Michael Dell buys back PC company he founded in $24.8bn deal

Michael Dell has the won the battle for control of the computer company that he created, after shareholders backed his $24.8bn (£15.7bn) offer to take Dell private and revive the struggling business away from the incessant pressure of Wall Street.<p>The vote clears the way for the huge buyout, in …

Adobe Aims To Democratize Personalized Marketing With Target Product Update

Whether we like it or not, marketing is getting more personalized by the day, as companies use new technologies to offer ever-more-customized offers. On Wednesday, Adobe is aiming to up the ante with a major upgrade to its Target service.<p>Target helps marketers personalize content such as Web …

Dow 30 adds Goldman Sachs, Nike and Visa

Low share prices of Alcoa, HP, Bank of America spur removal from benchmark 30-stock average.<p>Goldman Sachs, Visa and Nike will be added to the Dow Jones Industrial Average, S&P Dow Jones Indices announced Tuesday. Out: Hewlett-Packard, Bank of America and Alcoa.<p>The changes will take effect with the …

Tumbling Stock of Luxury Chinese Liquor Company Reflects Strength of Corruption Clamp-down

Kweichow Moutai, the Chinese state-owned producer of expensive liquor that is often a favorite at government officials’ dinner tables, reported net profit growth on Monday of just 3.6% for the first half of 2013. This is the slowest growth since the company’s listing in 2001 on the Shanghai Stock …

Debt and taxes: why a wave of big tech deals is on the horizon

As the economy recovers and interest rates rise, cash-rich companies are looking to spend<p>What does Microsoft's $7.2 billion purchase of Nokia have to do with Verizon's $130 billion repurchase of its own business from Vodafone? They reflect the end of a period of historically low interest rates in …

Microsoft’s brilliant move: Keeping the Nokia name on the low-end phones it just bought

Several aspects of Microsoft’s acquisition of Nokia’s handset business have analysts and other assorted pundits scratching their heads. Ben Evans of Enders Analysis lays out some questions in his blog post on the deal:<p>There’s lots of detail in the transaction structure to pick over. Why is Nokia …

Mobile

Apple offers credit for upgrading iPhones

Apple quietly began rolling out an iPhone trade-in program Friday, letting owners sell older handsets back to the company in exchange for credit toward a new model.<p>Apple's U.S. retail stores are now accepting devices, said Amy Bessette, a spokeswoman for Apple. The initiative got under way just …

Mobile Technology

iPhone Leads Android in Smartphone Loyalty

Owners of iPhones like their handsets more than Android owners like theirs.<p>That’s the gist of some new research from Consumer Intelligence Research …

JP Morgan isn’t the only big financial firm to have hired Chinese Communist Party scions

<i>This item has been corrected.</i><p>JP Morgan has landed itself in hot water with the US Securities and Exchange Commission for hiring the offspring of both China’s head railways honcho and a former Chinese banking regulator who now heads up China Everbright Group, a financial services company. Though …

China

Trader Joe's Torpedoes Pirate Joe's, Sues Its Own 'Best Customer'

Grocery chain Trader Joe’s has opened up a legal can of whup ass on its self-professed “best customer,” Pirate Joe’s.<p>Vancouver, British Columbia shopkeeper Michael Hallatt, claims to have spent more than $350,000 at Trader Joe’s in the past two years. Trader Joe’s would like him to stop shopping …

JPMorgan investigated by DoJ over possible energy market manipulation

JPMorgan faces further litigation after it emerged that the US Department of Justice is investigating whether the bank manipulated US energy markets.<p>The Wall Street giant has already agreed to pay $410m to settle a Federal Energy Regulatory Commission (FERC) probe into allegations that it …

Apple Needs To Regain Command Of Smartphone Buzz

It has been well documented that Android has captured about 80% of the smartphone market while Apple’s share has dropped to 14% per Gartner’s June quarter survey down from 21% in the December quarter and 18% in the March quarter. Microsoft’s Windows came in third place for the first time displacing …

Firefox OS faces brutal road ahead

Can a browser transform into a phone? Firefox maker Mozilla certainly hopes so, but skepticism among analysts has been the backdrop to Mozilla's claims of growing customer interest in its small, plasticky, and brightly colored Firefox phones.<p>Those phones have seen rapid expansion of availability in …

The spat between Microsoft and Google is getting ugly

Google and Microsoft have been engaged in a protracted series of battles, using negative PR, cooked-up conferences, and pulling support on services for months on end. Both sides were at it again this week.<p>Microsoft struck first with an update to its long-running “Scroogled” campaign over the …

Windows Phone

Medtronic Buys Cardiocom: Are Medical Product Companies Finally Serious About Business Model Evolution?

Today’s news of Medtronic’s purchase of Cardiocom – described by the WSJ as a “closely held disease management and patient-monitoring firm” — seems unusually significant, and speaks to an important way medical product companies may be trying to respond to seismic shifts in the healthcare …

BlackBerry goes up for sale after years of struggle in smartphone market

BlackBerry, once the global leader in smartphone technology, has put itself up for sale after years of falling sales and failed revamps.<p>Once seen as so habit-forming its users dubbed it the "CrackBerry", Blackberry has suffered a calamitous decline as rivals revolutionised the business it did so …