Business
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Amazon Is Buying Whole Foods For $18 Billion In Cash
Bloomberg News and others report that Amazon will buy Whole Foods for $US13.7 billion ($18 billion) in cash. In cash! That breaks down to Jeff Bezos and company paying $US42 ($55) per share for a US chain of health food and lifestyle stores. In cash!
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Snap Will Say Literally Anything To Prove Its Stock Is Worth It
Just hours before Snap Inc. is set to price its initial public offering, The New York Times published a humdinger of a report. According to three anonymous sources, the company is building a drone in an attempt to be “a modern-day camera company”. Seems desperate.
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Tech Stocks Continue To Plunge As Investors Worry About Silicon Valley After Trump’s Election
Yesterday the stock market did exceptionally well. But tech stocks weren’t so lucky. And it looks like the impending Donald Trump presidency is continuing to spook investors about Silicon Valley, as tech stocks continue to plunge today.
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Sorry Zuck: Facebook Is Not A Monarchy
Facebook quietly filed a proxy statement with the SEC this week that seeks to clarify what happens to the company in a post-Mark Zuckerberg world. A key part of that plan: Zuck’s descendants cannot inherit the power to control Facebook. They’re in America, after all.