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Archive for the ‘Finance Articles’ Category

Startups Weekly: VCs are ***** on beverage startups

In this week's newsletter: Y Combinator has a new president, DoorDash raises $600M and startups go on acquisition sprees. ...

Real estate title insurance company exposed 885,000,000 customers’ records, going back 16 years: bank statements, drivers’ licenses, SSNs, and tax records

First American Financial Corp is a Fortune 500 company that insures titles on peoples' property; their insecure website exposed 885,000,000 records for property titles, going back 16 years, including bank accounts (with scanned statements), Social Security numbers, wire transaction receipts, scanned drivers' licenses, tax records, mortgage records, etc -- when notified of the error, the ...

CoinBits launches as a passive investment app for bitcoin

Erik Finman is a twenty-something bitcoin maximalist as famous for his precocity as he is for his $12 bet on the currency a few years ago. Now, Finman, who built his first company while still in High School, is launching a new startup called CoinBits, which allows users to passively invest in bitcoin. The idea, ...

CFIUS Cometh: What this Obscure Agency Does and Why It Matters to Your Fund or Startup

On January 12, 2016, Grindr announced it had sold a 60% controlling stake in the company to Beijing Kunlun Tech, a Chinese gaming firm, valuing the company at $155 million... ...

Luckin leaves bitter aftertaste, now trading below IPO price

In the first few days following Luckin Coffee’s initial public offering, the stock chart for LK looked like a roller coaster. Now it’s looking more like a freefall. The Chinese Coffee chain successfully completed its highly anticipated offering roughly a week ago, raising over $550 million after pricing at $17 per share, the high end ...

Why Luckin’s ultimate target may not be Starbucks

Starbucks plans to double its store count in China to 5,000 in 2021 and Luckin, a one-year-old coffee startup, is matching up by aiming to reach 4,500 by the end of this year. Luckin’s upsized $651 million flotation has brought American investors’ attention to this potential Starbucks rival in China, where the Seattle giant controlled ...

Comcast fights shareholder call for lobbying transparency, saying that it would be “burdensome” to reveal how much it spends lobbying states

A group of Quaker investors called Friends Fiduciary have introduced a shareholder motion that was backed by the owners of more than a million Comcast shares, calling on the company to voluntarily disclose its state-level lobbying activities; the company strenuously objects to making such disclosures, calling the measure an "unnecessary burden."

The company falsely stated that ...

After double lot sold to separate owners, one of them erects fence through pool and garage

An Orlando homeowner owned a second lot next to the house. He added a pool that straddled the property lines. Then, following foreclosure, the two lots were sold to different owners, one of whom erected a fence. Over the pool. Through the garage.

When you're just dipping your toe in the real estate market

It's all ...