1. Articles from shonaghosh

    1-5 of 5
    1. Apple Faces Class-Action Lawsuit Threat for not Warning Investors About Tanking iPhone Demand

      Apple Faces Class-Action Lawsuit Threat for not Warning Investors About Tanking iPhone Demand
      • A New York law firm is garnering support for a shareholder lawsuit against Apple.
      • That's after the company issued a shock revenue warning on Wednesday.
      • Bernstein Liebhard said Apple CEO Tim Cook can't reconcile his November optimism about iPhone sales in China with Wednesday's warning, where he blamed China's slowing economy for poorer-than-expected sales.
      • Apple has been ignoring the bigger reality about smartphones, which is that demand is slowing and they have become commoditised...
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    2. Facebook Investors Want to Seize a Golden Opportunity to Fire Mark Zuckerberg as Chairman

      Facebook Investors Want to Seize a Golden Opportunity to Fire Mark Zuckerberg as Chairman
      • A second Facebook investor wants Mark Zuckerberg out as chairman.
      • Zuckerberg controls Facebook thanks to the way the company's stock is structured, meaning he has final say on the future direction of the company.
      • That's frustrating for activist investors who watched the Cambridge Analytica scandal wipe $60 billion off the firm's market cap over the past few weeks.
      • Now is a golden opportunity for those investors to gang up and call for Zuckerberg to step down...
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    3. Spotify Investor Lakestar won't be Selling its Shares — and Thinks it Should be a $100 Billion Company

      Spotify Investor Lakestar won't be Selling its Shares — and Thinks it Should be a $100 Billion Company
      • Music streaming company Spotify will go public today via a direct listing — meaning it won't issue new stock but will allow insiders to sell shares on the public market.
      • Small shareholder and early investor Lakestar will not be selling its shares.
      • Lakestar founder and CEO Klaus Hommels said he thinks Spotify can be a $100 billion company with 700 million subscribers...
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      Mentions: Amazon CFO stake
    4. Mark Zuckerberg Should Quit as Facebook Chairman, According to Shareholder with a $1 Billion Stake

      Mark Zuckerberg Should Quit as Facebook Chairman, According to Shareholder with a $1 Billion Stake
      • Head of New York City's pension fund investments thinks Mark Zuckerberg should step down as chairman of Facebook.
      • It's not going to happen — Zuckerberg owns a controlling stake of Facebook stock.
      • But the call shows the level of investor anger at Zuckerberg's handling of the data privacy crisis...
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    5. Snap May Have Lost $720 Million in 2017, But Evan Spiegel Was Probably Paid More Than Any Other US CEO

      Snap May Have Lost $720 Million in 2017, But Evan Spiegel Was Probably Paid More Than Any Other US CEO

      twitter Snap CEO Evan Spiegel received a massive payout in 2017, being awarded $US638 million in stock and compensation the year the firm went public. That’s probably a higher payout than any other chief executive in the US, data firm Equilar told The Financial Times. That’s astonishing given Snap lost $US720 million in 2017 and is nowhere as big as the very profitable Apple and Google in terms of revenue or market cap...

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    1-5 of 5
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    Snap May Have Lost $720 Million in 2017, But Evan Spiegel Was Probably Paid More Than Any Other US CEO Mark Zuckerberg Should Quit as Facebook Chairman, According to Shareholder with a $1 Billion Stake Spotify Investor Lakestar won't be Selling its Shares — and Thinks it Should be a $100 Billion Company Facebook Investors Want to Seize a Golden Opportunity to Fire Mark Zuckerberg as Chairman Apple Faces Class-Action Lawsuit Threat for not Warning Investors About Tanking iPhone Demand L Brands Inks Deal With Shareholders to Exit Workplace Harassment Cases Exagen Appoints Ana Hooker to Board of Directors Inequality Has Soared During the Pandemic—and So Has C.E.O. Compensation California BanCorp Appoints Millicent Tracey to Board of Directors Cigna Corporation Announces Updates to its Board of Directors Amgen Appoints S. Omar Ishrak To Board Of Directors Exelon Appoints W. Paul Bowers to Board of Directors