Bank of America, Tory Burch to offer $100 million in loans to women

Bank of America is pledging $100 million to the Tory Burch Foundation Capital Program to help female entrepreneurs get access to much needed capital. “Women entrepreneurs face many obstacles, access to capital being the biggest and the most common,” Tory Burch, founder of the Tory Burch Foundation, told CNBC Make It via email. In 2018, 40 percent of privately held firms in the U.S. were women-owned, according to the American Express 2018 State of Women-Owned Business Report. More than 2,500 wome


Bank of America is pledging $100 million to the Tory Burch Foundation Capital Program to help female entrepreneurs get access to much needed capital. “Women entrepreneurs face many obstacles, access to capital being the biggest and the most common,” Tory Burch, founder of the Tory Burch Foundation, told CNBC Make It via email. In 2018, 40 percent of privately held firms in the U.S. were women-owned, according to the American Express 2018 State of Women-Owned Business Report. More than 2,500 wome
Bank of America, Tory Burch to offer $100 million in loans to women Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: harriet taylor, source, tory burch
Keywords: news, cnbc, companies, businesses, million, program, 100, bank, loans, america, burch, women, tory, scale, capital, offer, womenowned, business


Bank of America, Tory Burch to offer $100 million in loans to women

Bank of America is pledging $100 million to the Tory Burch Foundation Capital Program to help female entrepreneurs get access to much needed capital.

“Women entrepreneurs face many obstacles, access to capital being the biggest and the most common,” Tory Burch, founder of the Tory Burch Foundation, told CNBC Make It via email. “I was incredibly fortunate — we were able to launch after a personal investment and one round of fundraising. This, of course, is not the case for most women.”

In 2018, 40 percent of privately held firms in the U.S. were women-owned, according to the American Express 2018 State of Women-Owned Business Report. Still, just 2 percent of venture capital dollars went to female founders last year, according to Pitchbook.

“This has to change,” said Burch. “It takes more than a great idea and determination to start a business; it takes resources.”

More than 2,500 women business owners have received $46 million in loans through the program over the past five years. Over 90 percent of the businesses receiving capital through the program are still in business and current on their loan repayment.

“We want to continue to scale this support by committing another $50 million in capital,” Andrew Plepler, global head of environmental, social and governance at Bank of America, told CNBC Make It via email. “By empowering more women to start and scale a business, we are contributing to the economic progress in communities across the country.”

“I am so proud of what these women have been able to achieve, and watching their success manifest in concrete, tangible ways — hiring more employees, leasing bigger office spaces, expanding their product lines — is incredibly gratifying,” said Burch.

Borrowers can take loans between $500 and $100,000 through the program, which offers a 2 percent interest rate reduction. To qualify, applicants must already be running a business for a least two years, and have positive revenue and a satisfactory credit rating.

“This model is more scalable than providing grant funding alone and helps these women and their businesses to build credit at the same time,” said Plepler.

The Tory Burch Foundation says the loans have gone to women-owned businesses across all sectors and industries — from bakeries to manufacturing plants, doctors to chefs — some with annual revenues of $10,000, and a few with annual revenues of as much as $500,000.

“It is rewarding to see the impact these loans are having in womens’ lives,” said Burch. “I could not be more proud, watching these women scale their businesses and become leaders in their communities.”

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Don’t miss: Venture capital has a gender problem. Here’s what needs to change to fix it


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: harriet taylor, source, tory burch
Keywords: news, cnbc, companies, businesses, million, program, 100, bank, loans, america, burch, women, tory, scale, capital, offer, womenowned, business


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Bank of America, Tory Burch to offer $100 million in loans to women

Bank of America is pledging $100 million to the Tory Burch Foundation Capital Program to help female entrepreneurs get access to much needed capital. “Women entrepreneurs face many obstacles, access to capital being the biggest and the most common,” Tory Burch, founder of the Tory Burch Foundation, told CNBC Make It via email. In 2018, 40 percent of privately held firms in the U.S. were women-owned, according to the American Express 2018 State of Women-Owned Business Report. More than 2,500 wome


Bank of America is pledging $100 million to the Tory Burch Foundation Capital Program to help female entrepreneurs get access to much needed capital. “Women entrepreneurs face many obstacles, access to capital being the biggest and the most common,” Tory Burch, founder of the Tory Burch Foundation, told CNBC Make It via email. In 2018, 40 percent of privately held firms in the U.S. were women-owned, according to the American Express 2018 State of Women-Owned Business Report. More than 2,500 wome
Bank of America, Tory Burch to offer $100 million in loans to women Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: harriet taylor, source, tory burch
Keywords: news, cnbc, companies, program, america, scale, businesses, burch, 100, loans, business, capital, million, offer, womenowned, women, tory, bank


Bank of America, Tory Burch to offer $100 million in loans to women

Bank of America is pledging $100 million to the Tory Burch Foundation Capital Program to help female entrepreneurs get access to much needed capital.

“Women entrepreneurs face many obstacles, access to capital being the biggest and the most common,” Tory Burch, founder of the Tory Burch Foundation, told CNBC Make It via email. “I was incredibly fortunate — we were able to launch after a personal investment and one round of fundraising. This, of course, is not the case for most women.”

In 2018, 40 percent of privately held firms in the U.S. were women-owned, according to the American Express 2018 State of Women-Owned Business Report. Still, just 2 percent of venture capital dollars went to female founders last year, according to Pitchbook.

“This has to change,” said Burch. “It takes more than a great idea and determination to start a business; it takes resources.”

More than 2,500 women business owners have received $46 million in loans through the program over the past five years. Over 90 percent of the businesses receiving capital through the program are still in business and current on their loan repayment.

“We want to continue to scale this support by committing another $50 million in capital,” Andrew Plepler, global head of environmental, social and governance at Bank of America, told CNBC Make It via email. “By empowering more women to start and scale a business, we are contributing to the economic progress in communities across the country.”

“I am so proud of what these women have been able to achieve, and watching their success manifest in concrete, tangible ways — hiring more employees, leasing bigger office spaces, expanding their product lines — is incredibly gratifying,” said Burch.

Borrowers can take loans between $500 and $100,000 through the program, which offers a 2 percent interest rate reduction. To qualify, applicants must already be running a business for a least two years, and have positive revenue and a satisfactory credit rating.

“This model is more scalable than providing grant funding alone and helps these women and their businesses to build credit at the same time,” said Plepler.

The Tory Burch Foundation says the loans have gone to women-owned businesses across all sectors and industries — from bakeries to manufacturing plants, doctors to chefs — some with annual revenues of $10,000, and a few with annual revenues of as much as $500,000.

“It is rewarding to see the impact these loans are having in womens’ lives,” said Burch. “I could not be more proud, watching these women scale their businesses and become leaders in their communities.”

Like this story? Subscribe to CNBC Make It on YouTube!

Don’t miss: Venture capital has a gender problem. Here’s what needs to change to fix it


Company: cnbc, Activity: cnbc, Date: 2019-03-07  Authors: harriet taylor, source, tory burch
Keywords: news, cnbc, companies, program, america, scale, businesses, burch, 100, loans, business, capital, million, offer, womenowned, women, tory, bank


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Kroger makes another bold move in bid to woo grocery shoppers

Kroger has made its latest bold move to win over U.S. grocery shoppers. Kroger, founded at 66 East Pearl Street in Cincinnati, Ohio in 1883, has in the past two years eyed global and technological expansion. It launched grocery delivery service Kroger Ship and struck a partnership with driverless car company Nuro. Walmart racing is reoutfitting its stores to support grocery delivery and racing to bring it to 1,600 locations by the end of fiscal 2020. Target, which has struggled with its grocery


Kroger has made its latest bold move to win over U.S. grocery shoppers. Kroger, founded at 66 East Pearl Street in Cincinnati, Ohio in 1883, has in the past two years eyed global and technological expansion. It launched grocery delivery service Kroger Ship and struck a partnership with driverless car company Nuro. Walmart racing is reoutfitting its stores to support grocery delivery and racing to bring it to 1,600 locations by the end of fiscal 2020. Target, which has struggled with its grocery
Kroger makes another bold move in bid to woo grocery shoppers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: lauren hirsch
Keywords: news, cnbc, companies, delivery, walmart, grocery, makes, scale, grocer, street, woo, shop, bid, service, shoppers, bold, kroger


Kroger makes another bold move in bid to woo grocery shoppers

Kroger has made its latest bold move to win over U.S. grocery shoppers.

The grocer is, for the first time, looking to an outside advertising agency to help oversee its marketing efforts. The move is the latest in a string of actions the grocer has taken to make sure shoppers know it is more than a local shop to pick up essentials. Kroger, founded at 66 East Pearl Street in Cincinnati, Ohio in 1883, has in the past two years eyed global and technological expansion.

It bought meal kit company Home Chef and a stake in British online supermarket Ocado. It launched grocery delivery service Kroger Ship and struck a partnership with driverless car company Nuro. It inked a partnership with Walgreens in the U.S. and Alibaba in China.

These are big moves for the grocer that first made its splash by being first to offer in-house bakeries and meat departments. They are also a different than the one previously forged by Kroger.

For years, Kroger spent money on growth, but the money was predominantly put toward buying competitors, not transforming its business. Previous deals include Harris Teeter and Fred Meyer. Scale gave it the power to navigate the infamously thin-margin grocery industry.

But things changed over the past five years, and scale is no longer the singular defense. Shoppers increasingly like their food fresh, organic and natural. Amazon’s infiltration into the industry has forced all grocers to expedite their technology investments. Walmart has kept grocery a focus, even as its fortified its larger discount store business.

Seventy percent of shoppers will be buying some portion of their groceries online within five to seven years, according to Nielsen. That equates to $100 billion in total sales.

Changes have rippled throughout the industry. Walmart racing is reoutfitting its stores to support grocery delivery and racing to bring it to 1,600 locations by the end of fiscal 2020. Target, which has struggled with its grocery business, paid $550 million to buy same-day delivery service Shipt in 2017.

So far, some of Kroger’s investments appear to have born results: shares of Kroger are up nearly 5 percent this year, giving it a market capitalization of $23 billion. Its digital sales grew more than 60 percent the third quarter of 2018. But that growth came at a cost: its profit fell 20 percent.

Whether the sacrifice was worth it is yet to be seen. Regardless, the grocer looks far different than the original shop on Pearl Street.


Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: lauren hirsch
Keywords: news, cnbc, companies, delivery, walmart, grocery, makes, scale, grocer, street, woo, shop, bid, service, shoppers, bold, kroger


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Tencent says it will not scale back on investments this year

China’s Tencent Holdings will not scale back on investments this year after a record high of 16 companies it invested in launched IPOs last year, President Martin Lau said at a closed-door investor conference in Beijing. Lau said 2018 was the best year for the company in terms of investment, according to a transcript of his speech made last month and seen by Reuters on Wednesday. Tencent invested in more than 700 companies in the past 11 years, Lau said, and 63 of those are now listed, while 122


China’s Tencent Holdings will not scale back on investments this year after a record high of 16 companies it invested in launched IPOs last year, President Martin Lau said at a closed-door investor conference in Beijing. Lau said 2018 was the best year for the company in terms of investment, according to a transcript of his speech made last month and seen by Reuters on Wednesday. Tencent invested in more than 700 companies in the past 11 years, Lau said, and 63 of those are now listed, while 122
Tencent says it will not scale back on investments this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: vcg, getty images
Keywords: news, cnbc, companies, according, valued, wednesdaytencent, tencent, 2018, scale, transcriptshares, transcript, companies, lau, investments, invested


Tencent says it will not scale back on investments this year

China’s Tencent Holdings will not scale back on investments this year after a record high of 16 companies it invested in launched IPOs last year, President Martin Lau said at a closed-door investor conference in Beijing.

Lau said 2018 was the best year for the company in terms of investment, according to a transcript of his speech made last month and seen by Reuters on Wednesday.

Tencent invested in more than 700 companies in the past 11 years, Lau said, and 63 of those are now listed, while 122 are valued at more than $1 billion, according to the transcript.

Shares of Tencent fell 23 percent in 2018.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: vcg, getty images
Keywords: news, cnbc, companies, according, valued, wednesdaytencent, tencent, 2018, scale, transcriptshares, transcript, companies, lau, investments, invested


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Tencent says it will not scale back on investments this year

China’s Tencent Holdings will not scale back on investments this year after a record high of 16 companies it invested in launched IPOs last year, President Martin Lau said at a closed-door investor conference in Beijing. Lau said 2018 was the best year for the company in terms of investment, according to a transcript of his speech made last month and seen by Reuters on Wednesday. Tencent invested in more than 700 companies in the past 11 years, Lau said, and 63 of those are now listed, while 122


China’s Tencent Holdings will not scale back on investments this year after a record high of 16 companies it invested in launched IPOs last year, President Martin Lau said at a closed-door investor conference in Beijing. Lau said 2018 was the best year for the company in terms of investment, according to a transcript of his speech made last month and seen by Reuters on Wednesday. Tencent invested in more than 700 companies in the past 11 years, Lau said, and 63 of those are now listed, while 122
Tencent says it will not scale back on investments this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: vcg, getty images
Keywords: news, cnbc, companies, according, valued, wednesdaytencent, tencent, 2018, scale, transcriptshares, transcript, companies, lau, investments, invested


Tencent says it will not scale back on investments this year

China’s Tencent Holdings will not scale back on investments this year after a record high of 16 companies it invested in launched IPOs last year, President Martin Lau said at a closed-door investor conference in Beijing.

Lau said 2018 was the best year for the company in terms of investment, according to a transcript of his speech made last month and seen by Reuters on Wednesday.

Tencent invested in more than 700 companies in the past 11 years, Lau said, and 63 of those are now listed, while 122 are valued at more than $1 billion, according to the transcript.

Shares of Tencent fell 23 percent in 2018.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: vcg, getty images
Keywords: news, cnbc, companies, according, valued, wednesdaytencent, tencent, 2018, scale, transcriptshares, transcript, companies, lau, investments, invested


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Tesla cuts 7% of its workforce, saying there’s a ‘very difficult’ road ahead

Tesla is cutting its full-time staff headcount by approximately 7 percent, as it ramps up production of its Model 3 sedans, CEO Elon Musk said Friday. Tesla shares fell almost 8 percent in premarket trade following the news. In an email to employees, Musk notes that the company faces a “very difficult” road ahead in its long-term goal to sell affordable renewable energy products at scale, noting the company is younger than other players in the industry. “Tesla will need to make these cuts while


Tesla is cutting its full-time staff headcount by approximately 7 percent, as it ramps up production of its Model 3 sedans, CEO Elon Musk said Friday. Tesla shares fell almost 8 percent in premarket trade following the news. In an email to employees, Musk notes that the company faces a “very difficult” road ahead in its long-term goal to sell affordable renewable energy products at scale, noting the company is younger than other players in the industry. “Tesla will need to make these cuts while
Tesla cuts 7% of its workforce, saying there’s a ‘very difficult’ road ahead Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: ryan browne, bobyip
Keywords: news, cnbc, companies, road, cuts, products, workforce, model, younger, affordable, ahead, theres, musk, production, employees, energy, scale, company, saying, difficult, tesla


Tesla cuts 7% of its workforce, saying there's a 'very difficult' road ahead

Tesla is cutting its full-time staff headcount by approximately 7 percent, as it ramps up production of its Model 3 sedans, CEO Elon Musk said Friday.

The announcement come on the back of various cost-cutting measures the company has made of late, as it looks to reduce the price of its products and boost margins.

Tesla shares fell almost 8 percent in premarket trade following the news.

In an email to employees, Musk notes that the company faces a “very difficult” road ahead in its long-term goal to sell affordable renewable energy products at scale, noting the company is younger than other players in the industry.

“Tesla will need to make these cuts while increasing the Model 3 production rate and making many manufacturing engineering improvements in the coming months,” Musk said in the company update.

“Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity, but succeeding in our mission is essential to ensure that the future is good, so we must do everything we can to advance the cause,” he added.

You can read the full text of Musk’s note to employees here.


Company: cnbc, Activity: cnbc, Date: 2019-01-18  Authors: ryan browne, bobyip
Keywords: news, cnbc, companies, road, cuts, products, workforce, model, younger, affordable, ahead, theres, musk, production, employees, energy, scale, company, saying, difficult, tesla


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Falling oil prices will be a hidden blessing for Saudi start-ups, investor says

In a part of the world better known for towering skyscrapers and oil than for its startup scene, Gulf Arab entrepreneurs might be seeing bright times ahead. That’s according to Fadi Ghandour, executive chairman of Wanda Group, whose venture capital fund invests in tech companies all over the Middle East and North Africa. Now that oil prices are dramatically down from their October highs, the veteran Middle East investor says the market moves “will definitely be a blessing in disguise” and in tha


In a part of the world better known for towering skyscrapers and oil than for its startup scene, Gulf Arab entrepreneurs might be seeing bright times ahead. That’s according to Fadi Ghandour, executive chairman of Wanda Group, whose venture capital fund invests in tech companies all over the Middle East and North Africa. Now that oil prices are dramatically down from their October highs, the veteran Middle East investor says the market moves “will definitely be a blessing in disguise” and in tha
Falling oil prices will be a hidden blessing for Saudi start-ups, investor says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: natasha turak, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, middle, falling, investor, arab, prices, hidden, faster, east, scale, ghandour, blessing, region, startups, oil, saudi


Falling oil prices will be a hidden blessing for Saudi start-ups, investor says

In a part of the world better known for towering skyscrapers and oil than for its startup scene, Gulf Arab entrepreneurs might be seeing bright times ahead. That’s according to Fadi Ghandour, executive chairman of Wanda Group, whose venture capital fund invests in tech companies all over the Middle East and North Africa.

“For years we’ve said there is an inverse relationship between how change happens on the regulatory environment and the price of oil — the lower the price of oil, the faster the change process happens,” Ghandour told CNBC’s Hadley Gamble on Thursday, pointing to Arab Gulf countries like Saudi Arabia and the United Arab Emirates whose economies have historically been dependent on hydrocarbon revenues.

Now that oil prices are dramatically down from their October highs, the veteran Middle East investor says the market moves “will definitely be a blessing in disguise” and in that it will force the development of sustainable, knowledge-based economies and jobs. He believes that startups founded five or more years ago are now reaching their maturity stage, meaning there will be more businesses scaling up in the next several years — if they can get the necessary support.

“These companies born somewhere around 2011, 2012, have raised much more money, they are growing much faster, the region is adopting mobile smartphone technology much faster, they are interacting much faster and at a much larger scale, specifically in Saudi Arabia,” Ghandour said.

“This is the time when there is size, there is scale, and the big funds globally who don’t want to take the risk early on, are going to be looking for entry into a market that they don’t have much presence in.” He pointed to New York-based global equity firm General Atlantic’s investment of $120 million in Dubai-based website Property Finder last November. The Middle East real estate platform was founded in 2007 and has been profitable since 2013.

Investments in Middle East and North Africa (MENA)-based startups went up by 31 percent between 2017 and 2018 to $893 million, with 366 deals made, according to Magnitt, a regional data platform for investors. The database also found that more than 155 institutions invested in MENA startups in 2018, 30 percent of which were from outside the region and 47 percent of which had not previously invested in the region.


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: natasha turak, simon dawson, bloomberg, getty images
Keywords: news, cnbc, companies, middle, falling, investor, arab, prices, hidden, faster, east, scale, ghandour, blessing, region, startups, oil, saudi


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Construction underway on West Africa’s ‘first utility scale wind farm’

Ground has been broken on the development of West Africa’s “first utility-scale wind power project”, located in Senegal. The 158.7 megawatt (MW) Parc Eolien Taiba N’Diaye, or PETN, is set to be completed in 2020, according to renewable energy firm Lekela. “Senegal has been quick to embrace the idea and the advantages of renewable energy,” Chris Antonopoulos, Lekela’s CEO, said in a statement towards the end of last week. The International Renewable Energy Agency has described Africa as being ric


Ground has been broken on the development of West Africa’s “first utility-scale wind power project”, located in Senegal. The 158.7 megawatt (MW) Parc Eolien Taiba N’Diaye, or PETN, is set to be completed in 2020, according to renewable energy firm Lekela. “Senegal has been quick to embrace the idea and the advantages of renewable energy,” Chris Antonopoulos, Lekela’s CEO, said in a statement towards the end of last week. The International Renewable Energy Agency has described Africa as being ric
Construction underway on West Africa’s ‘first utility scale wind farm’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: anmar frangoul, yasuyoshi chiba, afp, getty images
Keywords: news, cnbc, companies, utility, farm, scale, renewable, west, turbines, megawatt, construction, taiba, capacity, project, power, mw, underway, wind, africas, energy


Construction underway on West Africa's 'first utility scale wind farm'

Ground has been broken on the development of West Africa’s “first utility-scale wind power project”, located in Senegal.

The 158.7 megawatt (MW) Parc Eolien Taiba N’Diaye, or PETN, is set to be completed in 2020, according to renewable energy firm Lekela.

The 46-turbine facility will use turbines from Danish company Vestas and will generate more than 450,000 megawatt hours of energy annually, boosting Senegal’s generation capacity by approximately 15 percent, Lakela said. The project will be built near the community of Taiba N’Diaye.

“Senegal has been quick to embrace the idea and the advantages of renewable energy,” Chris Antonopoulos, Lekela’s CEO, said in a statement towards the end of last week.

The International Renewable Energy Agency has described Africa as being rich in renewable sources of energy such as the wind and sun.

Kenya, for example, is home to the Lake Turkana Wind Power project, which is made up of 365 wind turbines. The project has a total installed capacity of 310 MW and has been producing and sending electricity to Kenya’s national grid since September.


Company: cnbc, Activity: cnbc, Date: 2018-12-10  Authors: anmar frangoul, yasuyoshi chiba, afp, getty images
Keywords: news, cnbc, companies, utility, farm, scale, renewable, west, turbines, megawatt, construction, taiba, capacity, project, power, mw, underway, wind, africas, energy


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As Facebook shares plunge, one expert calls it a top pick, another calls it a crisis

Facebook shares are getting crushed — Here’s what three experts say investors should know 19 Hours Ago | 05:08Facebook tanked again on Monday. The stock has now plummeted 13 percent in November amid fresh controversy over how it deals with misinformation and reports of turmoil in the C-suite. Here’s what three experts have to say:Victor Anthony of Aegis Capital is not worried about Facebook, a stock he has made his top large-cap pick for the next year. Jason Calacanis of Angel investor says this


Facebook shares are getting crushed — Here’s what three experts say investors should know 19 Hours Ago | 05:08Facebook tanked again on Monday. The stock has now plummeted 13 percent in November amid fresh controversy over how it deals with misinformation and reports of turmoil in the C-suite. Here’s what three experts have to say:Victor Anthony of Aegis Capital is not worried about Facebook, a stock he has made his top large-cap pick for the next year. Jason Calacanis of Angel investor says this
As Facebook shares plunge, one expert calls it a top pick, another calls it a crisis Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: keris lahiff, marlene awaad, bloomberg, getty images, peter parks, afp, saul loeb, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, survive, calls, scale, facebook, users, platform, seeing, shares, think, plunge, growth, crisis, user, stock, pick, expert


As Facebook shares plunge, one expert calls it a top pick, another calls it a crisis

Facebook shares are getting crushed — Here’s what three experts say investors should know 19 Hours Ago | 05:08

Facebook tanked again on Monday.

The stock has now plummeted 13 percent in November amid fresh controversy over how it deals with misinformation and reports of turmoil in the C-suite. Facebook is now 39 percent from record highs reached in July.

Here’s what three experts have to say:

Victor Anthony of Aegis Capital is not worried about Facebook, a stock he has made his top large-cap pick for the next year. “What’s most important for investors of Facebook is whether or not these negative headlines are putting pressure on user growth, whether or not users are fleeing the platform, and whether or not advertisers are fleeing the platform,” said Anthony. “I’m not seeing people leaving the platforms en masse.”

Jason Calacanis of Angel investor says this unrelenting wave of criticism from all sides presents a real problem to Facebook, but that its scale should help it survive. “This is a true crisis for Facebook and I think this could be – it’s possible, maybe not probable but possible – this could be their AOL peak, their Yahoo peak,” said Calacanis. However, “Facebook is a whole different scale. It’s 2.5 billion people so I don’t think they’re going anywhere anytime soon.”

Joel Kulina of Wedbush says problems in the company have been evident longer than this month. “If you go back to that earnings report back in July, they missed across the board and what really jumps out at me is that we’re seeing declining daily and monthly active users in North America or stalling active user metrics in North America, declining in Europe and the only regions that are seeing growth is in Asia where the average revenue per user is much lower than the Western world,” Kulina said.

Bottom Line: Facebook will likely survive this storm, but the strength of its long-term growth trajectory is not a given and the company still needs to sort out its platform kinks.


Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: keris lahiff, marlene awaad, bloomberg, getty images, peter parks, afp, saul loeb, kcna, thomas barwick getty images, source
Keywords: news, cnbc, companies, survive, calls, scale, facebook, users, platform, seeing, shares, think, plunge, growth, crisis, user, stock, pick, expert


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The top three things you’re not doing that are keeping you from becoming rich

Americans are confident they’ll be rich — but their finances say otherwise. A survey by personal finance site GoBankingRates asked people to rate their confidence, on a scale of 1 to 5, of someday being rich. A quarter called themselves “very confident,” but most also admitted they weren’t taking any steps toward reaching that goal. The steps people could take to become rich include paying off debt and increasing earnings. The top answer was “doing nothing.”


Americans are confident they’ll be rich — but their finances say otherwise. A survey by personal finance site GoBankingRates asked people to rate their confidence, on a scale of 1 to 5, of someday being rich. A quarter called themselves “very confident,” but most also admitted they weren’t taking any steps toward reaching that goal. The steps people could take to become rich include paying off debt and increasing earnings. The top answer was “doing nothing.”
The top three things you’re not doing that are keeping you from becoming rich Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: jill cornfield, lechatnoir, getty images
Keywords: news, cnbc, companies, taking, keeping, youre, theyll, survey, confident, rich, werent, scale, doing, things, steps, site, someday


The top three things you're not doing that are keeping you from becoming rich

Americans are confident they’ll be rich — but their finances say otherwise.

A survey by personal finance site GoBankingRates asked people to rate their confidence, on a scale of 1 to 5, of someday being rich. A quarter called themselves “very confident,” but most also admitted they weren’t taking any steps toward reaching that goal.

The steps people could take to become rich include paying off debt and increasing earnings. The top answer was “doing nothing.”


Company: cnbc, Activity: cnbc, Date: 2018-11-12  Authors: jill cornfield, lechatnoir, getty images
Keywords: news, cnbc, companies, taking, keeping, youre, theyll, survey, confident, rich, werent, scale, doing, things, steps, site, someday


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