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The Curious Case For Breaking Up Tech Giants

PYMNTS

And that we should do that not because they’re tax evaders or evil — all things he said they, like all of us, are. They examined anonymized tax data starting in the 1940s until 2015. Facebook, Amazon, Google and Apple are competitors — vigorous competitors — not four companies operating independent of each other in discrete silos.

Google 148
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

That skyrocketing popularity is likely what made Rupert Murdoch’s News Corp think it was worth spending $580M to acquire the social network. And in the short-term, that would have looked like a good deal, as the social media site hit its peak in 2007 at a value of about $12B. stock-for-stock deal. AOL and Time Warner.

Google 76
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11 Lessons From Startup Chapter 11s

CB Insights

The company announced it was effectively ceasing operations immediately and filing for Chapter 11 bankruptcy, putting more than 1,100 people out of work overnight. In January 2019, Munchery abruptly ceased all operations, as it informed customers via email. By September 2011, Solyndra’s business model had fallen apart.

Apple 78
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From Alibaba to Zynga: 21 Of The Best VC Bets Of All Time And What We Can Learn From Them

CB Insights

It wouldn’t be until almost exactly one year later that investors really started flocking to the early social media startup. Thiel became an outside board member with his $500K seed investment in Facebook in 2004. Later, the retail giant sold its entire e-commerce operations in China to JD.com. When Snap Inc.

Lending 78
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When Corporate Innovation Goes Bad — The 116 Biggest Product Failures Of All Time

CB Insights

While still in operation, Google+ is hardly anybody’s favorite social network. SPOT Watches, Microsoft (2004). MSN was no one’s favorite web portal, and by 2004 there were many better ways to get stock quotes, weather, and other information than through this clunky watch. NW-HD1 Audio Player, Sony (2004).