Eight results:

Etsy is under pressure from activist investors to grow revenue, reduce spending and perks, and give up its ethical ideals   —  “There is one and only one social responsibility of business,” the economist Milton Friedman famously wrote in 1962.  And that is “to use its resources and engage …
May 21, 2017, 9:40 PMIn context
Jing Cao / Bloomberg:
IAC to buy Angie's List in $500M+ deal; Angie's List will be combined with HomeAdvisor to form new publicly traded company called ANGI homeservices Inc.   —  IAC/InteractiveCorp agreed to buy consumer-recommendation website Angie's List Inc., intending to combine the business …
May 1, 2017, 8:00 PMIn context
Jing Cao / Bloomberg:
Source: Blue Apron had revenue of between $750M and $1B last year and was profitable in Q3   —  The company has built an impressive high-tech operation but is spending heavily to lure customers who are always a bad experience away from bailing.  —  by  —  Jing Cao
Apr 10, 2017, 2:11 PMIn context
Outsourcing firms with lower-skilled staff may get fewer H-1B visas, leaving more for big US tech firms; Google says changes won't affect its software engineers   —  The new way foreign worker visas are doled out in the U.S. is poised to benefit some of the biggest technology companies …
Apr 4, 2017, 8:25 PMIn context
Jing Cao / Bloomberg:
New H-1B guidelines issued, requiring that computer programmers applying for the visa prove their jobs are complex and require advanced knowledge   —  The U.S. Citizenship and Immigration Services department issued a memorandum that makes it harder for companies to bring foreign technology workers …
Apr 3, 2017, 1:40 PMIn context
Jing Cao / Bloomberg:
Sources: IBM is firing thousands of US employees and sending many of the jobs overseas even as it pledges to hire 25K workers over four years   —  Big Blue pledged to hire 25,000 workers over four years.  It wasn't long before employees were accusing the company's CEO of hypocrisy.  —  by
Jan 24, 2017, 1:50 AMIn context
Jing Cao / Bloomberg:
Cross-border B2B digital payments company Payoneer, whose clients include Amazon and Google, announces $180M round led by TCV; company had $100M+ revenue in '15   —  Clients include Amazon, Google, Airbnb, Getty Images  —  Company had more than $100 million in revenue in 2015
Oct 10, 2016, 4:05 AMIn context
Jing Cao / Bloomberg Business:
IBM's acquisition of storage vendor Cleversafe last October cost $1.3B, its largest purchase in 2015   —  IBM Paid $1.3 Billion to Acquire Cleversafe in Hybrid-Cloud Push  —  IBM paid more than $1.3 billion in cash last year to acquire closely held Cleversafe Inc., adding data-storage software …
Feb 24, 2016, 11:25 PMIn context

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