Enjoys singing and even conducts weddings for his employees. How does jack ma, the founder of alibaba and his personality, impact the company . Here is a check on the bloomberg headlines. Tesla reports a 50 million loss. Revenue was up 27 . It delivered more than 6400 models of the s sedan. Musk says china bound deliveries have slow shipments in the current quarter. The stock is down in afterhours. Katie cotton is retiring from apple. She helped deal with the media. Apple tells bloomberg west that katie has given her all in her 18 years. We are going to miss her. Russia is cracking down on a socalled bloggers law. They require any website with more than 3000 users to register with the government. Bloggers also cannot remain anonymous and will be held accountable for the accuracy of their site. Now to the lead story of the day Marissa Mayer talks all things yahoo and a little bit of alibaba. Among the hot button topics she covers is the yahoo stake in the alibaba ipo and whether its acq
Imporium opened in your neighborhood. You might be surprised to see how the opinions divide in the east, south, west and north. On other kinds of drugs, were finding out today by pharmaceuticals are so expensive. Well tell you all about that. Plus a major recall today from nissan. Does it seem there are more and more recalls going on these days . First to sue at the nyse where king digital is trading kind of, sue. Absolutely. Youre right. King digital a very highly anticipated ipo. I think its fair to say that although the game they produce may be sweet the stock has soured. The ipo did not go as well as many people anticipated. I think thats an understatement. I guess the question is why . Was it the fundamental with the ipo . The pricing and the number of shares out there or is it Something Else . Its actually a really slow float so you would expect a pop from that. But theres fundamental issues. Number one, 78 of gross bookings, revenue coming in is coming from candy crush and while
Alibaba and his personality impact the company . Here is a check on the bloomberg headlines. Tesla reports a 50 million loss. Revenue was up 27 . It delivered more than 6400 models of the s sedan. Deliverieshina bound have slow shipments in the current quarter. The stock is down in afterhours. From khan is retiring apple comm. She helped deal with the media. Apple tells bloomberg west that katie has given her all in her 18 years. We are going to miss her. Down on acracking socalled bloggers law. They require any website with more than 3000 users to register with the government. Bloggers also cannot remain anonymous and will be held accountable for the accuracy of their site. Now to the lead story of the day Marissa Mayer talks all things yahoo and a little bit of alibaba. Among the hot button topics she covers is the yahoo stake in and whether its acquisition spree is paying off. She could not talk specifically about alibaba, she gave a hint about what the Company Might do with its cas
Why the government, not the banks, are doing more harm than good. Stocks finally in the green after a tough start to the new year. Lets check in with Nicole Petallides. What is driving the market . Nicole all the major averages down a percent or more from yesterdays close. Gaining back a lot of that, up 11 116point somewhat of a reversal. The other thing talking and reading a note he sends out, sometimes you see the market slow down a little bit, but that is not the case today. A different type of market and the people waiting for little bit of bottom fishing may be disappointed. The nasdaq up and the s p gaining half of 1 . One winner on the dowel all time high, United Health care. It was raised over at Deutsche Bank. That is good news for them, the Top Performing sector, health care overall. There is the look one year at health group 50 in the last year. Lori thank you for that. Good news if you are stuck at the airport, jetblue restoring service in new york and boston after being fo
Getting coverage. Lets just focus on our customers and i think that set us free. The companys growth started relatively slow. Until the decision they made to offer a free version of the product. One of the First Companies to capitalize on the free model. We were at maybe 100,000 customers at a time and within a year we were at a million and within another year we were at 3 million. And they kept on growing. Today the company has 18 million customers and no surprise, the founders have gotten some tantalizing offers including one to buy the company for A Billion Dollars cash. And you said . I said no, thank you. Ben says he and dan did meet to discuss the proposition. That lasted maybe 15 minutes. You know, when Something Like i have enough money, how about you . Yeah, i ive got enough. But this would be more. But i dont need more. Do you need more . No. Something happens when employees join and it gets
from his competitors who manufacture overseas. Ben clark doesnt mince words. I want t