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On September 30th, eBay announced that it will adopt a new business strategy—break up the company by spinning off PayPal.  This comes six months after one of eBay’s investors, Carl Icahn, first suggested this strategic move.  After the breakup is complete, PayPal will be a separate publicly traded company, free to [...]

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Amid the backdrop of last week’s People’s Climate March and the UN Climate Change Summit, tech giants Facebook and Google have cut ties with the American Legislative Exchange Council (ALEC). The companies cite the lobbying group’s stance on climate change–i.e., denial–as the reason.

ALEC is a Koch-funded, right-wing think tank [...]

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Alibaba: King of Retail?

On September 30, 2014 By Mike Sellner

Alibaba, the Asia-based online marketplace similar to the American site Amazon.com, went public on Friday, September 19, 2014.  The initial public offering raised over $21 million on the first day of sales.  As of Wednesday, September 25, the offering reached over $25 million raised, making it the largest IPO of all time, beating [...]

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Earlier this year, Facebook agreed to purchase the startup messaging company WhatsApp for $19 billion. WhatsApp has become hugely popular in the last few years due to its instant messaging capability, but without the usual carrier fees associated with text messaging, its compatibility with all major mobile operating systems, and its [...]

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Cab companies, normally at odds with each other, are banning together to combat Uber.

Uber, a ride-sharing company recently valued at $18 billion, came onto the scene in San Francisco in 2009. Five years later, the company is operating in over seventy cities worldwide. Uber is disrupting the current taxicab market with its use [...]

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The number of Apple’s settlement with 33 states over electronic book price fixing could reach as high as $400 million. Last month, the company agreed to settle the class action brought by 33 attorneys generals seeking hundreds of millions of dollars in damages for allegedly colluding with book publishers to inflate [...]

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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 [...]

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Vermont governor Peter Shumlin signed the nation’s first genetically modified organism (GMO) labeling law on May 8, 2014. Within a mere day, national trade organizations announced plans to sue and overturn it.

The law, which would take effect in July of 2016, requires any food available for retail sale to be [...]

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The Oculus Rift, at a mere two years old, has taken the gaming press by storm. The Rift is a motion-tracking, head-tracking 3D screen that you wear on your head for complete immersion. After the thoroughly terrible VR days of the 90s, maybe nobody expected VR to be a real thing [...]

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The disappearance of Malaysia Airlines Flight 370 has been a source of public fascination since the plane disappeared on March 8. The media has advanced countless theories of what happened to the aircraft, ranging from mechanical problems to terrorism.

Last week, the New York Times revealed that airlines have [...]

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