Month: May 2018
Facebook overhauls management structure, with focus on privacy
Facebook (FB) has brought about some fundamental changes to the organizational structure, after winding up the first quarter with blockbuster…
Elon Musk delivers a slap on the face of Tesla short-sellers
You know why Elon Musk has many fans? Because he delivers an iron punch every single time. After drawing the…
Slack rules out IPO this year despite 8 million daily users
Workplace collaboration platform Slack has had a remarkable growth since its launch in 2014. Within a short span of time,…
Groupon’s Q1 results top estimates, raises outlook
Groupon (GRPN) shares jumped 11% during pre-market trading after the company reported better-than-expected results in the first quarter. Revenue slid…
Tax benefits lift Mylan’s quarterly profit
Drug maker Mylan (MYL), mainly focused on the production of generic drugs, reported yet another quarter of declining sales, a…
Walmart shares plunge after announcing mammoth deal with India’s Flipkart
Supermarket veteran Walmart started its full-scale invasion into the cutthroat Indian e-commerce market, as it announced buying a majority stock…
Takeda finally acquires Shire in a $62 billion deal
Perseverance finally paid off. After four snubs, Japan’s pharma company Takeda succeeded in notching the biggest deal ever in the…