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Smith & Wesson is breaking records as Americans continue to buy an increasing number of guns. The company on Thursday reported a 22.4% annual increase in firearm sales. Smith & Wesson executives also projected robust sales growth for the next 10 months. Shares of Smith & Wesson jumped by about 7% in after-hours trading after […]
Mark Zuckerberg has joined Google in backing Andela, a two-year-old startup that trains software developers in Africa and then helps place them in full-time roles with international companies. Andela has grown quickly to 200 engineers with offices in Nairobi, Kenya, and Lagos, Nigeria. On Thursday, the startup announced a funding round of $24 million in a round […]
Netflix CEO Reed Hastings is a billionaire but he doesn’t have his own office. In an interview with The New York Times, Hastings explains, “My office is my phone.” “I found I was rarely using my cubicle, and I just had no need for it. It is better for me to be meeting people all around […]
When Shazam cofounder Dhiraj Mukherjee started his music discovering service in the early days he gave it a 4% chance of working. Speaking at the Startup Grind Europe conference in London, Mukherjee said he calculated the figure in the company’s early days when he realizes Shazam’s complex technology had just a 25% chance of actually working. […]
Americans donated an incredible $373 billion to charities in 2015. That money was collected from individuals, estates, foundations, and companies, according to the annual report Giving USA. A new record of $359 billion was set in 2014. Individual donors were far and away the biggest supporters of various charities. They donated $264.6 billion for a 4% […]
Andrew Left has set his short-selling sights on Facebook. Citron Research’s short seller believes the company “is losing an extensive amount of relevancy,” According to CNBC. He believes Facebook is a good company but that it “just will not be a $330 billion company in a year,” he said in a CNBC interview. Facebook shares fell […]
Microsoft is buying LinkedIn for $26.2 billion. The tech giant announced the deal on Monday. Microsoft will pay $196 per share for the social enterprise company. LinkedIn CEO Jeff Weiner will remain CEO of the professional social network, and will report directly to Microsoft CEO Satya Nadella. The company says LinkedIn will maintain its “distinct brand, […]
Former New York City mayor and multi-billionaire businessman Michael Bloomberg knows exactly what he wants in a perfect job candidate and it’s not what you would expect. Bloomberg employs about 19,000 people in nearly 200 countries but his ideal candidate is someone who understands how to deal with a struggle. Speaking to a group of […]
Facebook, Dell, Napster. What do those three businesses have in common? They all started in college dorm rooms. While most college students are not going to start the next Facebook in their door rooms, they can pick up some decent spending cash and even pay for their tuition, room & board, and other college expenses, […]
Workers at Asia factories that supply Walmart, H&M and Gap are still being exploited in sweatshop conditions, according to a new report released Tuesday by the Asia Floor Wage Alliance. Bangladesh, Cambodia, India and Indonesia who make clothes for Walmart ( The report says employees in Bangladesh, Cambodia, India and Indonesia are making clothes for Walmart under […]
Uber driver Paul English isn’t your typical ride-sharing business owner. In 2012, he sold his internet travel service Kayak to Priceline for $1.8 billion. After the sale, English realized most of his outings were with tech and nonprofit people, Inc.com explained. Wanting to expand his horizons he started driving for Uber. In his Tesla Model […]
Companies these days are no stranger to donations of clothes, food, and other necessities to help people in need. Some companies, like Toms, donate shoes, while companies like Out of Print donate books to needy people around the world. But these 16 companies are special: they donate money, food, and their own products to shelters, […]
