In what was expected to be a $30 billion plus IPO, The listing was postponed following a meeting with the company and Chinese authorities.
This is the brief history of how we got here and what the future may hold for the payment giant.
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There are no shortages of bubbles at the moment, this is just the next one, but once it pops (again) there are some really good reasons for keeping it around.
Audio credit : CNBC Television
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Will the deal with Australia help publishers around the world?
It was a long time coming but the Great Barrier Beef (as MSNBC described it) came to a head last week when Facebook blocked news content and pages from posting on their platform in Australia.
A new law which would compel platforms like Google and Facebook to compensate news publishers for content that was displayed on their sites.
Google has agreed to deals of about $1 billion while Facebook held out until 23 February 2021. The Australian Government and Facebook agreed that the negotiations would not force a deal on Facebook.
Facebook have set out their position in a post which suggests that they would be willing to use a model to invest/compensate publishers in Australia and elsewhere offering to pay about a $1 billion to publishers in the next three years.
Audio credit: ABC Australia
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How Brewster Kahle set about storing the contents of the web for future generations.
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Audio credit: AOL
The largest social network you did not know about has a remarkable story
In the news thanks to Wall Street bets, but as one of the top 20 websites in the world its history makes for a fascinating timeline of the web.
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It may sound obvious but for the longest times sustainability was not a major factor when deciding to invest
In any other week talking about sustainable finance as a novel idea would seem odd, but given the run on companies like GameStop might remind you that little will get in the way of making a quick buck even with ideals about fighting back against hedge funds that profit when businesses fail.
This is a story about special purpose acquisition companies (Spacs) and online advertising in an age when everyone is a publisher.
A SPAC offers investors the chance to invest money in a shelf company which will acquire a suitable private company that would benefit from listing. Because the SPAC, also called a blank cheque company, has no product or business allows the process to allow it to list much easier.
Investors typically buy shares at a set rate with an option to buy more once an acquisition target has been found provided the deal is concluded in about two years. If nothing happens investors get their money back but if they find a unicorn the share price might jump giving the investor a good return, the operator an even better return (often as much as 20% of the equity) and the acquired company gets the money from the SPAC and gets to be be publicly traded.
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Meditation is a 2500 year old practice that has real benefits for managing stress during a pandemic. The companies that are creating products to make it easier are likely to thrive even during this time of adversity.
Image credit: David Brooke Martin - Unspalsh
How to balance free speech with constructive engagement and manage it all as a business.
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Guest: Toby Shapshak | Publisher at Stuff magazine
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A look at some of the shift predicted by TrendWatching that may take hold as a result of the impact of Covid-19 and the growing impact of climate change.
Image credit: "Day 234 let me look into my crystal ball" by terri_bateman is marked with CC0 1.0
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