Jeff For Banks

JUNE 2, 2023

When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. The Y2K scare also had companies pouring money into tech firms. Taking your own punch bowl away when the party is getting good takes fortitude.

FDIC 78

FDIC Community Bank Regulation Lending 78

CB Insights

OCTOBER 29, 2018

Zynga, creator of Facebook games Farmville, Mafia Wars, and about a dozen different types of online slot machine games, paid $210M in 2012 for OMGPOP, creators of DrawSomething!, Date: May 21, 2009. 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.

Google 76

Google Software Innovation Company 76

CB Insights

JUNE 6, 2019

Notably, Solyndra’s rise coincided with the passing of 2009’s American Reinvestment and Recovery Act, which contained various subsidies and promises of investment for sustainable US energy initiatives. In March 2009, the US government announced it planned to award Solyndra a guaranteed loan of $535M as part of that initiative.

Apple 78

Apple Branding Google Company 78

Gonzobanker

DECEMBER 20, 2018

Timing is everything, and Feiger knew that after tripling the stock price since the 2009 downturn, it was time to get the shareholders a solid payback. This award goes to Capital One for making bold moves on exiting the mortgage and online brokerage businesses and refocusing efforts on its core card and banking businesses.

Fintech 105

Fintech Conference Innovation Community 105

CB Insights

MAY 1, 2018

Twitter Peek, Peek (2009). Nook, Barnes and Noble (2009). Enter the Nook, their attempt at staying relevant and maybe even reclaiming some of their lost market share from the online retailer. Wave, Google (2009). PSP Go, Playstation 2009. It also had a poor selection of apps, the lifeblood of any tablet.

Innovation 78

Innovation Google Apple Video 78

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. went public in March of 2017 at a $25B valuation, it was the second-highest valuation at exit of any social media and messaging company since 1999. When Snap Inc.

Lending 78

Lending Capital Company Google 78