The old saying is true: De rich dey gets richer an' de poor dey gets poorer.
Tesla shareholders approve pay plan for Elon Musk worth up to $55 billion over 10 years
http://www.latimes.com/business/auto...321-story.html
I can't help thinking of the Beatles' Taxman: "If you drive a car, I'll tax the street; If you try to sit, I'll tax your seat; If you get too cold, I'll tax the heat; If you take a walk, I'll tax your feet......."
EU unveils new tax plans that could hit US tech giants
The Associated Press, Mar 21 2018 11:58 AM
The European Union today unveiled new plans to make big tech companies pay more taxes in a move that would, if endorsed, hit online US firms such as Google and Facebook. Insisting that digital companies must pay their fair share, the European Commission said that EU member countries should be able to tax firms that make profits on their territory even if they aren't physically present. Digital companies are growing faster than the economy as a whole, while corporate tax rules haven't kept up, meaning that some make significant profits in Europe yet pay very little tax. Many digital businesses face effective taxes of only 9%, less than half the 21% tax rate for brick-and-mortar companies.
https://abcnews.go.com/Technology/wi...iants-53900449
This is good news but I'm still waiting for the return of Kress, F.W. Woolworth, Britt's, Mervyn's, Crown Books, Circuit City and Montgomery Ward.
Toys Я Us is on its way out but KB Toys is set to pop back up
CNN Money, Mar 20 2018 3:09 PM
Strategic Marks, a company that buys and revitalizes defunct brands, owns the KB name and plans to open 1,000 pop-up KB Toys stores for Black Friday and the holiday shopping season. Toys Я Us, which filed for bankruptcy last year, announced last week that it expects to close all of its 735 stores in the US. Those closures will put 31,000 people out of work and hurt toy manufacturers that depended on the national retailer for distribution. Strategic Marks president Ellia Kassoff said, "There's about half a billion dollars worth of toys that have been produced for Toys Я Us with no place to go, That's a big, big void that we're hoping to fill up."
http://money.cnn.com/2018/03/20/news...-us/index.html
It works with blockchain, has several hundred thousand transistors and is only one millimeter wide. I'm guessing it is also very easy to lose or misplace.
IBM unveils world's smallest computer
https://mashable.com/2018/03/19/ibm-...llest-computer
Verizon and AT&T never followed through with plans to sell Huawei phones. Best Buy sold the phones.......but no longer. Well, there's always www.huawei.com
Best Buy will stop selling Huawei phones amid security concerns
http://www.businessinsider.com/best-...-phones-2018-3
Apparently there's a lot of money to be made by telling people if it's sunny or cloudy or raining, even though they could simply look out a window and see for themselves.
Byron Allen's Entertainment Studios acquires The Weather Channel in $300 million deal
http://www.latimes.com/business/holl...322-story.html
This move comes two days after the Senate passed legislation allowing victims of sex trafficking to sue complicit websites. No more personals such as: "SWM wishes to meet young SWF for harmless fun. Harmless. Honest!"
Craigslist shuts down its personals section
http://www.money.cnn.com/2018/03/23/...own/index.html
The IPO was priced at $21 per share and quickly rose to $30. Symbol: DBX.
Dropbox surges 44% in trading debut
http://www.businessinsider.com/dropb...k-price-2018-3
I think I'll delay my purchase of this car until after I've seen the results of the crash tests.
World's first 3D-printed car due on roads in 2019
http://www.msn.com/en-us/news/techno...019/ar-BBKBYpJ
The FTC is investigating Facebook's privacy practices, Mark Zuckerberg has been asked to testify at a Senate hearing, and the state of Illinois has filed a lawsuit against Facebook and Cambridge Analytica over the data harvesting. Facebook opened today at $160.82 and quickly fell to $149.02. As I write this, it has rebounded to $155.42 (-2.56%).
Facebook stock plunges on FTC probe and news it records users' texting and call logs
http://www.nbcnews.com/tech/social-m...-furor-n860006
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