For those in the "know," FinTech (or financial Technology) is arguably the most admired startup sector in America. Next to cyber security and SaaS platforms, FinTech firms are revolutionizing the investment process. Companies like Wealthfront and Robinhood allow middle and lower class Americans access to services that have long been reserved for Wall Street's elite.
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The King Of Fast Food
This week, one of America’s most popular fast food chains, Burger King (BKW), completed its acquisition of Tim Hortons (THI), an iconic Canadian restaurant establishment. The result is the creation of the third largest quick service restaurant company in the world.
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Fiat's Final Breath
Fiat (F.MI), Italy’s largest automobile manufacturer, and major producer of P. Diddy commercials, is leaving its Italian home, after 115 years, in a last ditch effort to survive. At its latest quarterly shareholder meeting, stakeholders agreed to merge Fiat with American car company, Chrysler, to form Fiat Chrysler Automobiles.
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Customers Love Competition
Like so much that emanates from the complex science, the economic idea of “competition” is something of an abstract concept. It can be difficult to envision how the desire of individual firms to outperform one another, in the market, can translate to better products and lower prices in the long-run.
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Storm On The Horizon
Last month, my colleague, Zac Cherin, covered Tesla Motors CEO Elon Musk’s decision to share Tesla’s technology patents with its competitors. His analysis of the long-term benefits to Tesla — a new market for its batteries, potential allies in lobbying the government, and a chance to share the cost of expanding its supercharger network — over the short-term losses of an exclusive rights to technology was superb.
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Dirty Dov: The American Apparel Scandal
After accusations of sexual harassment and misconduct, the American Apparel (APP) Board of Directors has fired long time CEO and founder Dov Charney. The highly anticipated announcement was released two weeks ago. However, the outspoken and flamboyant Charney has made it clear that he will not go down without a fight, vehemently defending himself from the company he established.
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Google, YouTube... & Twitch?
YouTube, a subsidiary of Google (GOOG), is completing a deal to buy popular online video streaming website Twitch. The deal, valued at more than $1 Billion, would be the most significant acquisition by YouTube in its short history. Although no official statement has been released, sources close to YouTube have reported that the deal is imminent, despite Twitch’s public relations director stating that “Twitch does not comment on rumors."
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