Tag Archives: sense

Zillow (Z, ZG) will stop flipping homes, in a move that came just one day after Bloomberg reported that it was unloading 7,000 homes that it bought via its home-flipping business. The company, known for its online real estate listings, probably should have never ventured into home flipping, also known as iBuying, according to Barbara Corcoran, real estate veteran and “Shark Tank” host. Zillow started Zoom Offers, its iBuying service, in 2018 under the stewardship of CEO Richard Barton, who… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, October 22, 2021 The Great Resignation gives way to the Dee Snider workforce “We’ve got the right to choose it There ain’t no way we’ll lose it This is our life, this is our song” —“We’re Not Gonna Take It,” Twisted Sister What to make of the labor market, where unfilled jobs are near a record high, unemployment claims hit yet… Source link

This police camera video provided by The Moab Police Department shows Brian Laundrie talking to a police officer after police pulled over the van he was traveling in with his girlfriend, Gabrielle “Gabby” Petito, near the entrance to Arches National Park on Aug. 12, 2021. The Moab Police Department via AP Brian Laundrie, the sole person of interest in the murder of Gabby Petito, has been missing since mid-September. North Port Police spokesperson Josh Taylor said there was a lot of “oddness”… Source link

There was never any question what Epic Games wanted when it took Apple to court: the 48-second “Nineteen Eighty-Fortnite” made it clear App Store hypocrisy was the agenda. But the justification for a parallel case against Google wasn’t as clear-cut until today — it’s only now we’re learning about the most damning accusations against the Android giant. On Thursday, Judge James Donato unsealed a fully unredacted version of Epic’s original complaint against Google (via Leah… Source link

Square (SQ) is acquiring Australian buy now, pay later (BNPL) company Afterpay for $29 billion in stock, signaling that the digital payments company is entering the installment payment market. “This deal makes a lot of sense for Square, especially insofar as it enabled the company to expand significantly, both in terms of product line and globally by using its stock as an acquisition currency,” BTIG Managing Director Mark Palmer said on Yahoo Finance Live (video above). Square is a brainchild… Source link

Bloomberg Secretive Hedge Fund Ends Long Silence to Take On Japan Icon (Bloomberg) — It was the rarest of public appearances. At Toshiba Corp.’s extraordinary general meeting in March, a lawyer, who didn’t give his name, talked for four minutes about why shareholders’ rights should never be infringed.He was speaking on behalf of Effissimo Capital Management Pte, a secretive hedge fund that had avoided the spotlight for almost 15 years. Now it was coming out into the open, if only… Source link

Mike Colyer leads one of North America’s biggest crypto mining companies, Foundry. Owned by Digital Currency Group (CoinDesk’s parent company), the startup emerged in 2019 and has quickly come to exemplify a trend: the comeback of U.S. crypto mining after years of living in the shadows of China’s greater hash power.  We caught up with Colyer for a preview of his thoughts on the China vs. U.S. rivalry in bitcoin mining, institutional adoption and the controversial concept of “clean… Source link

Before Dogecoin (DOGE-USD) there was GameStop (GME). And before GameStop, there was Hertz (HTZ), the original meme stock whose bankruptcy last May and resulting zombie price surge (and fall and resurge) defined the original meme stock. Now, it’s back and better than ever. If you kept your cheap $1.50 Hertz shares from last summer that were expected to be worth zero dollars in a bankruptcy restructuring, you’ll have quadrupled your money. A new deal for the company’s assets would pay… Source link

Remember the ‘90s? Photo: Laura Cavanaugh/2015 Getty Images On Tuesday, Verizon announced that it would be selling Yahoo and AOL. On the latest Pivot podcast, Kara Swisher and Scott Galloway discuss why it was never logical for the telecom giant to dabble in media and whether Yahoo was sold for less than it’s actually worth. Kara Swisher: Verizon… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, March 17, 2021 Weather, checks, and comps. Some market watchers may have been shocked by Tuesday morning’s February retail sales report. The headline data showed sales fell 3% last month, the fifth-largest month-on-month decline dating back to 1992, according to data from Bespoke Investment Group. The only two worse months for retail sales declines came in 2008 and 2020 during the… Source link