Business By Lucy Hooker Business reporter, BBC News 18 September 2018 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.co.uk/news/business-45550747 Read more about sharing. These are external links and will open in a new window Close share panel What does a person who already has everything want: another sports car, a bigger yacht, or … [Read more...] about Why do billionaires want to own the news?
Salesforce net worth
Technology billionaire Marc Benioff and his wife Lynne have agreed to purchase Time magazine, despite its falling fortunes. The deal, which is expected to close this month, is the second time that the publication has been sold in a year. Meredith Corporation revealed that the Benioffs had agreed to acquire the US magazine for $190m (£145m), pending regulatory approval. Mr Benioff is the co-chief executive and co-founder of US cloud computing business Salesforce, which is primarily known for its customer relationship management software. Mr Benioff has a net worth of around $6.7bn, according to Forbes magazine. Time first went on sale in March 1923 after being started by Yale University graduates... Register or log in to view this and other Technology Intelligence articles. It's free and easy to do. Access brilliant stories, features and analysis Sign up to our exclusive Technology Intelligence daily newsletter Become part of our ambitious new Tech … [Read more...] about Time magazine sold to tech billionaire in $190 million deal
Elizabeth Weise USA TODAY Published 9:00 p.m. UTC Aug 7, 2018 SAN FRANCISCO – On Sept. 8, an ungainly, 2,000-foot-long contraption will steam under the Golden Gate Bridge in what’s either a brilliant quest or a fool's errand. Dubbed the Ocean Cleanup Project, this giant sea sieve consists of pipes that float at the surface of the water with netting below, corralling trash in the center of a U-shaped design. The purpose of this bizarre gizmo is as laudable as it is head-scratching: to collect millions of tons of garbage from what's known as the Great Pacific Garbage Patch, which can harm and even kill whales, dolphins, seals, fish and turtles that consume it or become entangled in it, according to researchers at Britain's University of Plymouth. The project is the expensive, untried brainchild of a 23-year-old Dutch college dropout named Boyan Slat, who was so disgusted by the plastic waste he … [Read more...] about A giant floating trash collector will try to scoop up the Great Pacific Garbage Patch
To report corrections & clarifications, contact: Please indicate whether you're responding to content online or in the newspaper. The following corrections & clarifications have been published on stories produced by USA TODAY's newsroom: April 2018 News: A previous version of this story misstated Elliot Rodger's weapons. He used both a knife and a gun. https://www.usatoday.com/story/news/2017/03/31/masculinity-traditional-toxic-trump-mens-rights/99830694/ Video: A previous version of this video misstated the number of Americans living with unhealthful levels of pollution. https://www.usatoday.com/media/cinematic/video/33952141/8-of-americas-10-most-ozone-polluted-cities-are-in-this-state/ Opinion: Because of an editing error, a headline in an earlier version of this column incorrectly described Amy Wax's job status. https://www.usatoday.com/story/opinion/2018/04/20/black-students-law-school-amy-wax-column/510510002/ … [Read more...] about Corrections & Clarifications
Investors have gone gaga over Dropbox Inc. in its first few hours as a public company. It looks as if their enthusiasm has become overheated. Shares of Dropbox, the digital file-cabinet company, shot up about 39 percent on Friday from their initial sale price. That gives Dropbox a valuation of about $13 billion, including the value of shares held by employees and others. Dropbox's multiple of revenue now stands at about 12 based on 2017 revenue, which is on the high end for companies that sell subscription software to businesses.As I have written previously, the vast majority of Dropbox's paying customers are individuals who sign up on their own. The majority of customers for other subscription software firms such as Workday Inc., Salesforce.com Inc. and similarly named Box Inc. are companies. That made it unclear whether investors would choose to value Dropbox in that familiar category.At least on Dropbox's first day as a public company, the wisdom of the market crowd is … [Read more...] about Dropbox Is Not Like the Others, and Investors Are Just Fine With It