PYMNTS
OCTOBER 23, 2020
Lego sales jumped 14 percent in the first half of 2020 compared to the same period last year, while the company’s operating profit increased 11 percent to $622 million. Nintendo’s operating profit surged 428 percent in its most recent quarter, built on surging sales of the Switch and Switch Lite consoles and the “Animal Crossing” game.
PYMNTS
JUNE 10, 2019
Reports emerged this week that Apple has begun the process of scrubbing the social sphere of all trace of iTunes. So far, all of the social media content from Facebook and Instagram pages has disappeared, though its Twitter account still has content for the time being. In May, the company raised $500 million in venture funding.
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CB Insights
OCTOBER 29, 2018
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. Date: March 20, 2003. Don’t fail.
CB Insights
MARCH 6, 2019
After soaring to a multi-billion-dollar valuation behind an iconic founder, a team of prominent backers, and a promise to revolutionize blood testing, Theranos officially ceased operations in 2018. Theranos was founded in 2003 by Elizabeth Holmes, then an undergraduate student at Stanford University’s School of Engineering.
CB Insights
JUNE 17, 2020
VR has also helped businesses across industries keep operations running. The equipment was expensive and companies lacked the in-house expertise required to operate it. Understanding the need to meet consumers where they are, many retailers have embraced chatbots as part of broader social media engagement strategies.
CB Insights
NOVEMBER 16, 2017
It wouldn’t be until almost exactly one year later that investors really started flocking to the early social media startup. Both Lefkofsky (with Groupon) and Kleiner Perkins (with Cerent) were able to win so big in part because they had hands-on operational roles in their investments. When Snap Inc.
CB Insights
MAY 10, 2018
Expertise: An experienced operator’s perspective on a problem and the different ways that it can be solved. There’s a complexity to getting these tools operational that compounds at scale. Bain, which has helped hundreds of similar businesses undergo their “digital transformation,” has that deep operator expertise.
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