Hedge Fund Accused In $10M Ponzi Scheme; Fake Tech Shares Fund Execs' Luxury LifestyleAn allegedly phony hedge fund made millions in a Ponzi scheme selling fake pre-IPO shares of Uber, Airbnb, Alibaba, among other companies.
Apple Invests $1 Billion In Didi, China's Biggest Rival To UberApple Inc. has invested $1 billion in Chinese ride-hailing service Didi Chuxing, the main competitor in China for Uber.
Uber, Alibaba Partnering To Expand Ride-Hailing Service To ChinaRide-hailing service Uber and the online payments unit of e-commerce giant Alibaba Group are expanding a partnership to allow Chinese travelers to summon and pay for a car anywhere Uber operates.
Yahoo Considering Shareholder Demand To Sell Core Internet BusinessYahoo's (YHOO) board is considering an activist shareholder's demand to sell the Internet services the company is best known for.
Yahoo Announces Name For Alibaba Spinoff, Assures Investors Deal Will Be Tax-FreeYahoo is moving forward with the spinoff of its sizable stake in China's Alibaba Group, and announced a name for it: Aabaco.
Rumors Of Yelp Or Salesforce Deals Appear To Be FadingBuyers may not be as plentiful for Yelp aYelp's stock skyrocketed on reports it was considering selling itself, with a host of big-name firms being possible suitors.
Yahoo CEO Marissa Mayer's Compensation Surges To $42 Million; Highest-Paid Female Exec In S&P 500The value of Yahoo CEO Marissa Mayer's pay package surged last year, making her the highest-paid female CEO of Standard & Poors 500 companies.
Yahoo Revival Not Evident In Latest Earnings Report; Value Beyond Asian Holdings QuestionedYahoo is still struggling to boost revenue nearly three years into CEO Marissa Mayer's tenure, magnifying concerns that the Internet company holds little value beyond its lucrative Asian investments.
Alibaba May Prefer Seattle Rather Than San Francisco For Its U.S. HeadquartersThe e-commerce giant's biggest rival, Amazon, is already based out of Seattle.
Yahoo's 3rd Quarter Earnings Soar On Alibaba WindfallYahoo's (YHOO) third-quarter earnings soared as the Internet company collected a huge windfall from Alibaba's recent IPO. Revenue also rose slightly from the previous year, a welcome change for a company that has been posting quarterly declines for most of the past five years.
Alibaba Makes IPO History Opening At $92.70 Per Share, Surpassing Amazon, Ebay & FacebookAlibaba's stock is surging as the Chinese e-commerce powerhouse's begins its first day trading as a public company.
Alibaba Sets $68 Per Share Price Ahead Of Friday Debut On NYSE; May Be Largest IPO In HistoryThe Chinese e-commerce powerhouse is expected to start trading Friday on the NYSE in an IPO that values it at $167.62 billion, bigger than the current market value of Amazon, Cisco, and eBay.