Business journalist William Cohan asks if the regulatory body go too far in response to the 2008 financial crisis on the US financial sector, especially the Dodd-Frank Act which limited Wall Street’s ability to serve its customers. Enhanced capital requirements and compliance burdens are crippling the supply of credit to consumers and businesses and thwarting…
Day: March 4, 2017
Airbnb acquired Luxury retreats, a Canadian company that specialises in high-end villas and also was in talks with global online travel agents like Trivago, the German hotel search site majority-owned by Expedia, about including Airbnb homes in their search listings. Expedia, had begun a closer integration with Home Away, the online holiday rental market-place it…
Facebook Snapchat $ $ Market Capitalisation 395bn 31bn Funds Raised at IPO 166bn 3.4bn Daily Active users 1.3bn 160m Revenue 2016 27.6bn 404m Profit 2016 10.2bn -515m Snapchat investor who have given a market value of more than $30bn hope it can effectively compete with Facebook on online advertising. Evan Spiegel CEO of Snapchat…