I’m sure by now you’re equally annoyed with triple-digit market downturns in both America and Europe, all the direct result of Greece’s selfish financial ministers and incompetent governing body; however, good news, for the collective West, has finally emerged from the childish pit of gloom and doom formerly known as Greece: European leaders have withdrawn from negotiations with Alex Tsipras’ socialist representatives.
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The Billionaire Space Race
Many CEOs are known for exhibiting their million-dollar lifestyles; opulent car collections comprised of Lamborghinis, Ferraris, and Bentleys are common, whereas private Gulfstream jets are a bit more rare. However, while millionaires indulge themselves with these toys, billionaires have embraced an entirely new obsession.
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The Battle For Ride-Sharing Supremacy
The battle of relevant ride-sharing companies has dwindled down to two fierce rivals: Uber and Lyft. These two companies have gained notoriety for their revolutionary transportation services and record valuations. As of now, Uber clearly maintains a larger market share than lyft; moreover, its $50 billion valuation has tied Facebook’s (FB) previous record as the most expensive private company to date.
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America's Most Secretive Company
Data surrounds us; it's everywhere. And it’s what helped Palantir track and kill Osama Bin Laden. From phone calls to emails, from video chats to text messages, trillions of data bytes flood our tech infrastructure. As such, this creates plentiful information for analysts to sift through. Moreover, terrorist attacks like the 9/11 hijackings exemplify the importance of cyber surveillance and security.
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Uber Valuation To Surpass Facebook
The popular ride-sharing application Uber is looking to raise another $2 billion in private funding. According to reports, this would value the startup at $50 billion. If Uber can obtain these funds, it would make Uber the highest-valued private startup of all time. The only other privately owned startup to achieve such a high valuation before issuing an IPO was Facebook (FB), and it is now valued at $226 billion.
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How To Steal Apple's Technology Without Worry
Chinese technology conglomerate Xiaomi has continued its trend of copying American tech companies by releasing its Mi Band. Known for blatantly infringing upon Apple’s (AAPL) intellectual property, the Xiaomi Mi Band is a fitness tracker designed to compete with the Apple Watch, Fitbit bracelets, and Jawbone bands
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Alibaba Back On Track
Chinese e-commerce conglomerate Alibaba (BABA) first issued its record $25 billion IPO on the NYSE in September 2014. At the time, there was much fanfare from anxious investors eager to buy shares of the company. However, since then, Alibaba's public sentiment has fallen. Since its IPO, Alibaba's share price has mostly fallen, reaching a historic low of $79.54 per share on May 5th.
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