Tag Archives: venture

Ex-Apple exec Pete Distad named CEO of sports streaming venture

Ex-Apple exec Pete Distad named CEO of sports streaming venture

Disney’s ESPN (DIS), Fox (FOX, FOXA), and Warner Bros. Discovery (WBD) have joined forces to launch a joint sports venture streaming service. On Friday, the companies announced Pete Distad, a former Apple (AAPL) and Hulu executive, would serve as the Chief Executive Officer of the upcoming service. The highly anticipated streaming service is slated for launch in the fall, with Wall Street analysts estimating that the service could have a subscription fee ranging between $40 and $50 per… Source link

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Tesla stock price largely based on ‘hype’ and ‘pixie dust,’ venture capitalist says

Tesla stock price largely based on ‘hype’ and ‘pixie dust,’ venture capitalist says

Investors are learning a painful lesson that Tesla’s stock price is valued on Elon Musk’s pomp and circumstance in addition to the automaker’s fundamentals. “Is Tesla a great company that produces a great car? Absolutely. Is Tesla worth what General Motors should be or Ford or Toyota should be? Of course not,” veteran venture capitalist Bradley Tusk said on Yahoo Finance Live (video above). “So much of Tesla’s share price is based on hype and the pixie dust that Elon Musk is so good at… Source link

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Tesla stock price largely based on ‘hype’ and ‘pixie dust,’ venture capitalist says

Tesla stock price largely based on ‘hype’ and ‘pixie dust,’ venture capitalist says

Investors are learning a painful lesson that Tesla’s stock price is valued on Elon Musk’s pomp and circumstance in addition to the automaker’s fundamentals. “Is Tesla a great company that produces a great car? Absolutely. Is Tesla worth what General Motors should be or Ford or Toyota should be? Of course not,” veteran venture capitalist Bradley Tusk said on Yahoo Finance Live (video above). “So much of Tesla’s share price is based on hype and the pixie dust that Elon Musk is so good at… Source link

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Russia’s VK drops Sberbank venture as part of Yandex tech deal

Russia’s VK drops Sberbank venture as part of Yandex tech deal

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here. MOSCOW (Reuters) -Russian tech firm VK on Tuesday said it had exited its joint venture with top lender Sberbank, paving the way for a deal with competitor Yandex that may have significant ramifications on Russia’s internet industry. Leading internet firm Yandex said it had agreed to sell its news aggregator and yandex.ru homepage to state-controlled rival VK, a move that will likely further limit… Source link

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