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...“But this licensing issue has dragged on too long, everyone is asking about it internally, we’ve been hearing it’d be solved since the start of the year.”...
...If this number were below $5bn Lyft would have a 6 per cent margin, ceteris paribus, though ceteris paribus really isn’t how P&L statements work....
...One way to see this is that other currencies have weakened against the dollar in a similar way as the yen. The US dollar index is up 3 per cent this year....
...Because, at the time, Uber generally hid exact delivery locations from couriers after they’d completed their trips, it was hard for them to confirm how far they’d gone....
...Suffice it to say that when Facebook IPO’d, the big worry in the analytic establishment was whether it could monetise on mobile devices....
...But I’d be stunned if they didn’t ask for a fee, in whatever form, worth multiple billions of dollars.”...
...If my engineering pod fails to return its cost of capital, I can’t sell it — I’d have to lay them off. That comes with a financial cost but more importantly a human and organisational cost....
...He has alleged that Bouvier sold him René Magritte’s “Le Domaine d’Arnheim” and Amedeo Modigliani’s “Tête” for substantially more than he had paid for them at Sotheby’s, and that the auction house provided...
...Think about the way you’d shop in the real world....
...We are taking the humble investment route of dollar-cost-averaging over what we hope will be multiple years....
...“I’d be shocked if they don’t do a sizeable AI deal this year, because there’s an AI arms race going on, and Apple is not going to be on the outside looking in.”...
...“If you put 10 specialists in a room, you’d probably get 10 different opinions about what something was worth.”...
...A 34-year-old Londoner said: “I’d be tempted to pay if it meant I was only talking to other people who paid, so you knew they were serious about it.”...
...But forgetting you paid your sister nearly half a million dollars? That’s quite something....
...How the winding up of the company’s Hong Kong entity proceeds, and how much international investors can recover of the tens of billions of dollars they invested in Evergrande, will depend mainly on the attitude...
...He self-describes as a “big R” Republican and a “little L” libertarian. He’s non-interventionist, but this is not as counterintuitive as it sounds....
...That was equal to more than a fifth of advertising revenue and was more than the company paid for R&D....
...Crypto craziness Kobus Steyn thought he’d found a whale of a client. Then his assignment turned from make-work to murder, the FT reports....
...Forbes’ billionaire list, he told the magazine, “I’ve been associated with Warren so long, I thought I’d be just a footnote.”)....
...I’d consider newer low-cost rivals to traditional tracker funds....
...But after learning he may soon die, Riswold was glad that he’d dedicated so much time to what would become the exhibition, Two Wars in One....
...German shoemaker Birkenstock’s IPO, meanwhile, could be valued above $8bn — unlocking a big return for its owner L Catterton, the private equity firm backed by French luxury fashion house LVMH....
...It has recently launched a new shopping feature to expand its online retail business, challenging rivals like Shein and Amazon for a greater share of the multitrillion dollar e-commerce sector....
...Modern Art’s 2,000 sq ft, second-floor space will be in a Haussmann-designed building on Place de l’Alma in the city’s central eighth arrondissement....
...But there’s one bit from the 60 Minutes interview we’d like to push back on....
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