Private equity could be prepared to offer much more to help snag Twitter away from the outstretched hands of billionaire Elon Musk. A source familiar with the matter tells Yahoo Finance that Apollo Global Management (the parent company of Yahoo Finance) is weighing options to provide financing to potential suitors for a deal to take Twitter private. The private equity powerhouse isn’t planning to buy Twitter outright, the source says. “When you talk about private equity, we think $60 to $65 in… Source link
Read More »This is Google’s new ‘Wallet’ icon, how it might fit in with Pay
The “new” Google Pay was announced in November 2020 with two key tentpoles. Both have failed by all accounts, and the company said at the start of this year that Pay is next going to become a “comprehensive digital wallet.” That change has yet to materialize, but a new “Wallet” icon seen by 9to5Google could be the start of Google Pay’s future. The icon in question is internally referred to as “Wallet” and makes use of the four Google colors. You have the actual… Source link
Read More »Why the global poor ‘pay more’ for water than the middle class
While the United States has suffered one of the deadliest COVID-19 outbreaks of any country on earth, the economic devastation of the pandemic has struck most acutely in countries mired in extreme poverty. Global wealth inequality worsened during the pandemic, concentrating 76% of wealth in the hands of the richest 10% and reserving just 2% of wealth for the bottom half of earners, according to a report released by World Inequality Lab in December. Coping costs, or the added economic burden… Source link
Read More »Canada introduces legislation to compel Facebook, Google to pay for news
A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register April 5 (Reuters) – Canada on Tuesday laid out details of a proposed legislation that would compel platforms like Facebook and Google to negotiate commercial deals and pay news publishers for their content, in a move similar to Australia’s ground-breaking law passed last year. “The news sector in Canada is in crisis,” Canadian… Source link
Read More »Yahoo must pay $15 million in dispute with search competitor, jury decides
A federal jury in Oakland has awarded $15 million in damages against Yahoo in a suit by a software company that accused the tech giant of illegally copying its patented method of web searches. Droplets Inc., which is based in Texas, was granted a patent in 2004 for programming that allowed users to retrieve selected portions of a website without having to download an entire web page. After filing infringement suits against major tech firms, the company reached licensing agreements with nearly… Source link
Read More »‘There are more efficient ways’ to make the rich pay more, economist says
Liquidity issues would make President Joe Biden’s proposed “billionaire tax” difficult to execute, Tyler Goodspeed, former acting chairman and vice chairman of the Council of Economic Advisers, told Yahoo Finance Live in a recent interview. “I think my main reaction is, it strikes me as a little bit gimmicky in an election year,” he said. “Look, if you think that billionaires should be paying more in taxes, then I think you should be seriously considering an elimination of the step up… Source link
Read More »How a Google billionaire helped pay for Biden’s science office
More than a dozen officials in the 140-person White House office have been associates of Schmidt’s, including some current and former Schmidt employees, according to interviews with current and former staff members and internal emails obtained by POLITICO. Schmidt maintained a close relationship with the president’s former science adviser, Eric Lander, and other Biden appointees. And his charity arm, Schmidt Futures, indirectly paid the salaries of two science-office employees,… Source link
Read More »Google workers press execs about pay after “Googlegeist” survey results
Google workers press execs about pay after “Googlegeist” survey results | Fortune … Source link
Read More »Google employees bombard execs about pay at recent all-hands meeting
Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Google executives, facing a barrage of criticism from employees on issues related to compensation, defended the company’s competitiveness at a recent all-hands meeting while acknowledging that the performance review process could change. The companywide virtual gathering earlier this month followed the release of internal survey results, which showed a growing number of staffers don’t view their pay packages as fair or… Source link
Read More »Google employees growing unhappy with pay and promotions, survey shows
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum annual meeting in Davos. Fabrice Coffrini | AFP | Getty Images As Google prepares to bring most employees back to the office, the company is facing a workforce that’s increasingly unhappy when it comes to key issues such as compensation and an ability to meet career goals. Google‘s annual employee surveys, internally called “Googlegeist,” show that a growing number of staffers don’t view their pay packages as fair… Source link
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