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Getty Images Billionaire David Rubenstein thinks the market downswing is a buying opportunity. Still, he said he expects more turmoil in the next six to 12 months. The Carlyle co-founder told CNBC that investors shouldn't exit markets too soon. Now isn't the time for investors to run for the door despite worrying signs of an […]
Shopee was founded in 2015 in seven markets across Southeast Asia and has since expanded operations into 13 markets total. NurPhoto / Contributor / Getty images A 1,000-word internal staff memo outlines Shopee's 12-18-month plan to achieve self-sufficiency. The company's executive team will temporarily forgo cash compensation, per the memo. Once the darling of the […]
Sen. Ron Wyden of Oregon speaks to reporters at the US Capitol. Drew Angerer/Getty Images Democrats' Inflation Reduction Act contains nearly $ 80 billion in funding for the IRS. Republicans have said that the funding will go towards hiring an "army" of IRS agents. Sen. Ron Wyden said that Republicans want to save their billionaire […]
Warren Buffett. AP Images Warren Buffett's intellect, focus, and passion for investing are admirable, David Rubenstein said. The Carlyle Group cofounder interviewed several of the world's elite investors for his upcoming book. The billionaire investor found them to be surprisingly humble, contrarian thinkers, and workaholics. David Rubenstein admires Warren Buffett's intellect, focus, and love of […]
Japanese billionaire and clothing retail tycoon Yusaku Maezawa has clinched the top spot for most retweeted tweet of all time, using the tried and trusted ‘free cash’ method. The eccentric founder of Zozo Inc., originally a drummer in a punk band, promised to give out 100 million yen ($ 925,000) in cash prizes to a […]
Facebook’s board of directors has defended COO Sheryl Sandberg’s decision to conduct opposition research into liberal billionaire George Soros. Facebook was under intense scrutiny for running a PR campaign against the magnate. Sandberg admitted last week that she ordered staff to conduct research into Soros and his trading of Facebook stock, after he called the […]
Kimberly White / Stringer Proposition C, a measure which will tax San Francisco’s largest companies in order to combat homelessness, passed on Tuesday. Salesforce CEO Marc Benioff has been a vocal proponent of Prop C and hailed the victory in a tweet. Prop C would target Salesforce, which Benioff has estimated will pay between $ […]
Michael Regan/Getty Images The owner of Leicester City Football Club, an English Premier League soccer team, died after being involved in a helicopter crash just outside of the stadium. The crash occurred at around 8:30 p.m. local time (3:30 p.m. EST) on Saturday. The team confirmed Vichai Srivaddhanaprabha’s death, along with 4 others. According to […]
The football world has been stunned by the death of Leicester City owner Vichai Srivaddhanaprabha, a man beloved by fans, players and staff at the club – and the force behind one of sport’s greatest ever underdog stories. Srivaddhanaprabha was one of five people killed when his helicopter spun out of control shortly taking off […]
Hollis Johnson/Business Insider Steve Case is the billionaire founding CEO of AOL and the head of Washington, DC-based venture-capital firm Revolution. In 2000, AOL bought Time Warner for $ 165 billion, making it the largest merger in history at the time. Case left in 2005, correctly predicting it was an unsustainable partnership. He said that […]
