Pinterest’s Big IPO Bet is E-Commerce: Can It Beat Instagram and Amazon?

Pinterest, one of the most widely utilized photos sharing platforms for content creators, artists, and casual users, has filed its S-1 form to conduct an initial public offering (IPO). In its post-IPO era, Pinterest is reportedly planning to expand into the e-commerce market, competing against the likes of Instagram, Amazon, and Walmart. Depending on the success of its initiative to create an e-commerce-enabled platform, Pinterest may be able to secure a new source of revenue it is yet to touch upon. “We are in the early stages of our monetization efforts, and there is no assurance we will be able

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Kevin Tsujihara Scandal Exposes the Corruption That Festers in Post-Weinstein Hollywood

A wealthy and well-connected executive at the helm of one of America’s most powerful corporations strikes up an extra-marital affair with a 19-year-old industry rookie. Leaning on his contacts, he opens doors for her that she could never have done otherwise. Soon, opportunities start to come her way, and she quickly builds up a reputation and a work portfolio. In the space of just a few months, she metamorphoses from a ground-level wannabe into a bonafide industry veteran with a bright future ahead of her. In what environment did this happen? A Fortune 500 company where an executive gets his

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‘Wrong at Virtually Every Level’: Elon Musk Torches ‘Radical’ SEC for Twitter Gag Attempt

Billionaire Elon Musk fired back at the Securities and Exchange Commission’s February 2019 contempt filing designed to muzzle the Tesla CEO’s Twitter commentary. Elon Musk: ‘SEC’s Position Is Wrong’ In a fiery response filed March 22 in New York federal court, Musk slammed the SEC for its “radical reinterpretation” of a September 2018 consent decree under which he agreed to get approval from Tesla’s board before tweeting anything that could impact TSLA’s stock price. “The SEC’s Reply makes clear that its effort to hold Musk in contempt relies on a radical reinterpretation of the Order that would impose sweeping restrictions

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Crypto Firm BlockFi Trims Interest Rates of Bitcoin Savings Accounts

BlockFi trims payouts for hedge funds and VCs provides a boost for “average crypto investors”. The BlockFi Interest Account (BIA), which launched as a private beta in January, before rolling out to the public at the start of March, has so far been dubbed a “huge success” by the firm. The BIA gives investors a return whether the crypto market is up or down, and is proving hugely popular with investors. It has drawn in around $35 million in investments so far, and shows no sign of stopping, in a blog post BlockFi said: Since our public launch on March

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Uber and Lyft IPO Valuations at Risk After Drivers’ Wage Backlash

Uber and Lyft might be getting ready for a couple of prime-time IPOs, but that doesn’t mean its all smooth sailing for the ride-sharing unicorns. Recent scrutiny on the amount that they pay their drivers is threatening to overshadow the public-listing amid a backlash from drivers who are looking to unionize. Uber Slashes Bonus Pay, Drivers Feel the Pain A minimum wage is now in place in New York, ($17 after expenses for Uber and Lyft drivers), and it appears this momentum is now catching on around the US. The main fears are that both companies will slash driver pay

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FEMA Data Breach Exposes Private Data of Nearly 3 Million Individuals

A data breach has occurred within the Federal Emergency Management Agency (FEMA), resulting in the private data of nearly three million disaster victims being shared with an unnamed contractor. Who’s at Risk? The shared information includes home addresses, social security numbers and banking information for victims of U.S.-based disasters such as hurricanes Irma, Harvey and Maria in 2017 that utilized the organization’s Transitional Sheltering Assistance program, which seeks to aid and relocate individuals following a natural disaster. FEMA press secretary Lizzie Litzow explains in a statement that the organization “provided more information than was necessary” to the contractor, and that

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Elon Musk’s Tunnel Prototype Bores Virginia Transit Officials

Elon Musk’s The Boring Company is living up to its name, with the latest bunch of naysayers of its tunnel being Virginia transit officials. After they visited the 1.5 mile prototype tunnel being built under Los Angeles, they laid into it with criticisms. They are just the latest among a string of people who have visited the project and left unimpressed. The Boring Company Loop system pic.twitter.com/xVpDHzZKXB — The Boring Company (@boringcompany) December 19, 2018 Beware if You Have Claustrophobia In Virginia, plans are underway to build a rail including a $1.3 billion bridge between Virginia and Washington. The troupe of

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Shaq Takes Seat at Papa John’s Board Table; Stock Picks Up on the News

Shaquille O’Neal has single-handedly put the down-and-out pizza franchise Papa John’s on a better road to success. He and Papa John’s execs announced a bevy of partnerships on Friday, including O’Neal taking a seat on its board. Shaq’s moves show he’s as savvy a businessman as he is a champion NBA player. Few saw this coming, except execs at Papa John’s, whose stock has been under considerable pressure for years due to myriad factors. We’ll see over the long run if Shaq can help it regain better financial footing, but in the meantime, it’s going to be fun to watch.

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BitMart Labs Hosts China Digital Economy Global Innovation Forum, Dedicated to Boosting China’s Blockchain Market

On March 24th, BitMart Labs, an international blockchain incubator launched by BitMart Exchange, will host the China Digital Economy Global Innovation Forum and BitMart One Year Anniversary Convention in Shanghai, China. Sheldon Xia, Founder, and CEO of BitMart Exchange will attend the forum and speak on BitMart’s past success. Co-hosted by HPOOL, China’s largest hard drive mining pool, BN Capital, a well-known blockchain investment institution, and Windin.com, the new generation of finance information platform, this event features keynote speakers, BitMart Club opening ceremony, and the introduction of US Security Token Offering (STO) service launched by BitMart Exchange. This global forum

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Bitcoin Price: Key Technical Indicator Shows BTC Surging to $5,500

Throughout the past three months, the bitcoin price has flirted with the $4,200 resistance level, often struggling to maintain momentum above the key $4,000 mark. Several traders have demonstrated concerns over the extended period of stability demonstrated by bitcoin because, in late 2018, the cryptocurrency recorded a drop of around 50 percent following three months of stagnation in the $6,300 to $6,500 range. However, a cryptocurrency technical analyst known to the community as “Galaxy” has said that once bitcoin breaks out of a key resistance level above $4,000, it could potentially recover to $5,500. The analyst explained: “According to Bulkowski’s

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