Tag Archives: Investor

Paypal founder and early Facebook investor Peter Thiel bets big on Bitcoins

Bitcoin has gained global fame in the past year, but it’s been popular at Peter Thiel’s venture firm since at least 2012. Founders Fund, Thiel’s San Francisco-based firm known for early bets on SpaceX and Airbnb, has been purchasing small amounts of bitcoin in recent years, totaling no more than $20 million, to establish a “toehold” in the space, according to a person with ... Read More »

Uber’s Travis Kalanick resigns as CEO amid investor pressure

Uber Technologies Inc Chief Executive Travis Kalanick, co-founder one of the most influential technology companies of its generation, resigned on Tuesday under mounting pressure from investors over his leadership. Kalanick’s departure caps a tumultuous period for the world’s largest ride-services company, which upended the taxi industry and transportation regulations globally with Kalanick at the helm. “I love Uber more than ... Read More »

Snapdeal promises higher salaries, job security to staff as investor SoftBank pushes for sale

New Delhi: Snapdeal founders Kunal Bahl and Rohit Bansal have reached out to employees promising them higher salaries compared to last year as the company heads towards a possible sell out in the coming weeks. In a letter to employees, the founders said while the company’s investors are “driving the discussions around the way forward”, their “top and only priority ... Read More »

Paytm Now Has 122 Million Active Users, Claims Investor

Paytm, one of India’s largest electronic payment platforms, has seen over five-fold rise in active users in one year, a senior company official said on Thursday. Ant Financial Services Group, an Alibaba Group affiliate, took 25 percent stake in One97, owner ofPaytm, as part of a strategic agreement in 2015. Peng Yijie, director of international business at Ant Financial, the ... Read More »

Who’s Next? Asia Investor Activism Set to Grow After BlackRock Public Campaign

Hong Kong: Following a rare public campaign, BlackRock Inc voted against a deal planned by a Hong Kong firm that the world’s biggest asset manager partly owns, revving up investor activism in Asia after it roared ahead in 2015. In a ballot on Tuesday, BlackRock rejected G-Resources Group Ltd’s plan to sell its main asset, an Indonesian gold mine, saying ... Read More »