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On February 16, 2015 By Chris Martucci February 16, 2015
Councilman Mark Levine (D-Manhattan) is introducing a bill that would allow New York City to accept the digital currency Bitcoin as payment for fines and fees, including parking tickets and court fees.
Levine expressed several justifications for the bill, citing its popularity among young, tech-savvy individuals. “Today you can buy almost anything [...]Continue Reading →
On July 9, 2014 By Richard Saunders July 9, 2014
On June 23th, the Supreme Court handed down one of the most highly anticipated securities litigation opinions in recent memory. Halliburton II brought the fraud-on-the-market theory, the linchpin of securities class actions, squarely in front of the Court. For months, excerpts from various other Court opinions suggested the theory was ripe [...]Continue Reading →
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Mobile-based ride-sharing service Uber created quite a stir this weekend, setting a new valuation record for a technology startup in a direct investment round. Injecting $1.2 billion into the San Francisco-based service, investors valued Uber at $17 billion, a dramatic increase from last year’s valuation of $3.5 billion. An [...]
On March 24, 2014 By Marshall Cox March 26, 2014
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Sina Weibo, China’s popular Twitter-like microblogging service, has filed for an initial public offering with the Securities and Exchange Commission, opting to go public in the U.S. rather than Hong Kong. As the largest asset of Chinese Web-giant Sina, Weibo has grown impressively since its creation in 2009, boasting [...]
Already reeling from yet another season of poor on-field performance and a free-agency push characterized by one analyst as “barely even trying,” the New York Mets’ front office received even worse news on Friday when its ownership was revealed as the subject of a $1 billion suit by the defrauded investors of Bernard Madoff. Irving [...]Continue Reading →
On February 8, 2011 By Josh Lee February 6, 2011
One is the loneliest number. Apple shareholders have certainly realized that Steve Jobs is a lonely man at the top of the company as the stock price dropped about 6.5 percent in price, losing around twenty billion in market cap, on January 18th. The price drop was in response to a note [...]Continue Reading →
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