Business Insider

Business Insider is an American financial and business news website published by Insider Inc. It operates international editions in the UK, Australia, China, Germany, France, South Africa,[2] India, Italy, Indonesia, Japan, Malaysia, Netherlands, Nordics, Poland, Spain and Singapore. Several International editions are published in local languages: Chinese, Dutch, French, Italian, German,[3] Polish[4] and Japanese.[5] It is owned by the German publishing house , Axel Springer SE.

Business Insider
Business Insider Logo
Type of site
Online newspaper
Available inEnglish
OwnerAxel Springer SE
Created byKevin P. Ryan
EditorHenry Blodget
ParentInsider Inc.
WebsiteBusinessInsider.com
Alexa rankIncrease 332 (August 2018)[1]
CommercialYes
LaunchedFebruary 2009 in New York
Current statusActive

History

Business Insider was launched in 2007 and is based in New York City. Founded by DoubleClick's former CEO Kevin P. Ryan, Dwight Merriman, and Henry Blodget,[6] the publication is a brand of Silicon Alley Insider (began May 16, 2007) and Clusterstock (started March 20, 2008).[7] In addition to providing and analyzing business news, the site aggregates news stories on various subjects from around the web. It reported a profit for the first time ever in the 4th quarter of 2010.[8] In June 2012, it had 5.4 million unique visitors.[9] In 2015 Axel Springer SE acquired 88% of the stake in Business Insider Inc. for $343 million (€306 million).[10]

Business Insider also hosts industry conferences, such as IGNITION,[11] which explores the emerging business models of digital media. In January 2015, Business Insider launched BI Intelligence,[12] a subscription-based research service that provides data and analysis on the mobile, payments, eCommerce, social, and digital media industries. The site publishes numerous annual editorial franchises, such as the "Digital 100: The World's Most Valuable Private Tech Companies."[13]

Tech Insider

In July 2015, Business Insider began the technology website Tech Insider, with a staff of 40 people working primarily from the company's existing New York headquarters, but originally separated from the main Business Insider newsroom.[14] However, Tech Insider was eventually folded into the Business Insider website.[15]

BI Sub-Saharan Africa

In January 2017, Business Insider announced that it would be launching a new Sub-Saharan site in partnership with Ringier Africa Digital Publishing.[16][17] Henry Blodget––co-founder, CEO, and global Editor-in-Chief of Business Insider––said of the partnership, “Ringier ... is the ideal partner to help us bring to sub-saharan Africa [our] unique voice and attitude.”[18] Former Ventures Africa journalist David Adeleke is the editor for Business Insider SSA.

CEO and Staff Background

Business Insider's CEO and Editor-In-Chief Henry Blodget is a Yale history graduate who previously worked on Wall Street until he was banned for life from the securities industry because of his violations of securities laws and subsequent civil trial, which ended with a $2 million fine plus a $2 million disgorgement and the permanent ban in 2003.[19][20] Nicholas Carlson, whose past experiences include Internet.com and Gawker Media's Silicon Valley gossip blog, Valleywag, is Deputy Editor. Senior Editor Jim Edwards' previous position was Managing Editor at Adweek.

Reception

In January 2009, the Clusterstock section appeared in Time's "Best 25 Financial Blogs,"[21] and the Silicon Alley Insider section was listed in PC Magazine's "Our Favorite Blogs 2009."[22] 2009 also saw Business Insider's selection as an official Webby honoree for Best Business Blog.[23]

In 2012, Business Insider was named to the Inc. 500. In 2013, the publication was once again nominated in the Blog-Business category at the Webby Awards.[24] In January 2014, The New York Times reported that Business Insider's web traffic was comparable to that of The Wall Street Journal.[25] In 2017, Digiday included imprint Insider as a candidate in two separate categories–"Best New Vertical" and "Best Use of Instagram"–at their annual Publishing Awards.[26]

The website has, however, faced criticism for what critics consider its clickbait-style headlines.[27][28][29] In 2013, The New Yorker criticized the website for prioritizing publishing speed over accuracy.[30] In 2018, the website received criticism from some media outlets after deleting a controversial column about Scarlett Johansson.[31][32]

References

  1. ^ "Businessinsider.com Site Info". Alexa Internet. Retrieved August 7, 2018.
  2. ^ "Welcome, Business Insider South Africa". Business Insider. Retrieved February 27, 2018.
  3. ^ "Business Insider Germany launches". www.axelspringer.de. Axel Springer. November 4, 2015. Retrieved November 18, 2016.
  4. ^ "Business Insider Launches in Poland". www.axelspringer.de. Axel Springer. May 11, 2015. Retrieved November 18, 2016.
  5. ^ "Welcome, Business Insider Japan!". January 16, 2017. Retrieved July 15, 2017.
  6. ^ "Leading Digital Publisher Axel Springer Acquires Business Insider". September 29, 2015. Retrieved September 29, 2015.
  7. ^ "Welcome To Business Insider". Business Insider. April 23, 2013. Archived from the original on April 23, 2013. Retrieved November 18, 2016.
  8. ^ "Business Insider Turns A$2,127 Profit On $4.8 Million in Revenue". TechCrunch. March 7, 2011.
  9. ^ Hagey, Keach (July 29, 2012). "Henry Blodget's Second Act". The Wall Street Journal. Retrieved November 9, 2015.
  10. ^ Spangler, Todd (September 29, 2015). "Germany's Axel Springer Buys Business Insider in $343 Million Deal". Variety. Retrieved July 20, 2018.
  11. ^ "IGNITION 2012". Business Insider.
  12. ^ "BI Intelligence". Business Insider.
  13. ^ "Digital 100: The World's Most Valuable Private Tech Companies". Business Insider. November 2012.
  14. ^ "Business Insider Broadens Ambitions With New Tech Site". The Wall Street Journal. July 27, 2015.
  15. ^ Mullin, Benjamin (December 14, 2017). "Business Insider Inc. Drops 'Business' From Its Name as Company Broadens Coverage, Distribution". The Wall Street Journal. Retrieved July 20, 2018.
  16. ^ Roddy Salazar (January 23, 2017). "Welcome Business Insider Sub-Saharan Africa!". Yahoo News UK. Retrieved January 25, 2017.
  17. ^ "Ringier Launches Business Insider Sub Saharan Africa". Africa Newsroom. January 20, 2017. Retrieved January 25, 2017.
  18. ^ Chris O'Shea (January 20, 2017). "Business Insider Launches Sub-Saharan Site". AdWeek. Retrieved January 25, 2017.
  19. ^ "The Securities and Exchange Commission, NASD and the New York Stock Exchange Permanently Bar Henry Blodget From the Securities Industry and Require $4 Million Payment" (Press release). U.S. Securities and Exchange Commission. April 28, 2003.
  20. ^ "Factual allegations as submitted by SEC". SEC.
  21. ^ McIntyre, Douglas A.; Allen, Ashley C. (January 22, 2009). "Best 25 Financial Blogs". TIME. New York. Retrieved June 1, 2010.
  22. ^ "Our Favorite Blogs 2009". PC Magazine. New York. November 23, 2009. Retrieved June 1, 2010.
  23. ^ "Blog-Business: Official Honoree". Webby Awards.
  24. ^ "Business Insider | The Webby Awards". Retrieved February 9, 2017.
  25. ^ Carr, David (January 26, 2014). "Ezra Klein Is Joining Vox Media as Web Journalism Asserts Itself". The New York Times. Archived from the original on February 16, 2015. Retrieved December 26, 2014.
  26. ^ Awards, Digiday (February 7, 2017). "Business Insider's social-first Insider is up for Best New Vertical for this year's Digiday Publishing Awards – Digiday". Digiday. Retrieved February 9, 2017.
  27. ^ Hagey, Keach (July 29, 2012). "Henry Blodget's Second Act". Wall Street Journal. Retrieved August 13, 2015.
  28. ^ Ha, Anthony (May 22, 2012). "Business Insider's Henry Blodget Defends Linkbait, Slideshows, And Aggregation". TechCrunch. AOL. Retrieved January 23, 2016.
  29. ^ Bershidsky, Leonid (September 29, 2015). "Can Business Insider Make Money?". Bloomberg News. Retrieved January 23, 2016.
  30. ^ Auletta, Ken (April 8, 2013). "Business Outsider". The New Yorker. Condé Nast. Retrieved January 23, 2016.
  31. ^ "Waving the white flag in Scarlett Johansson flap". SFChronicle.com. July 13, 2018. Retrieved July 13, 2018.
  32. ^ Singal, Jesse. "Business Insider Retracted a Bad Piece — and Set a Terrible Precedent". Daily Intelligencer. Retrieved July 13, 2018.

External links

Al-Masdar News

Al-Masdar News (sometimes abbreviated AMN) (Arabic: المصدر نيوز‎) is an online newspaper founded by Leith Abou Fadel. Al-Masdar is Arabic for "the source". Al-Masdar's coverage focuses largely on conflict zones in the Middle East: Syria, Yemen, and Iraq. Al-Masdar has been described as being pro-president Bashar al-Assad.

Candace Owens

Candace Owens (born April 29, 1989) is an American conservative commentator and political activist. She is known for her pro-Trump activism and her criticism of Black Lives Matter and of the Democratic Party. She is the Director of Communications at the conservative advocacy group Turning Point USA.

Complex (magazine)

Complex is an American New York-based media platform for youth culture which was founded as a bi-monthly magazine by fashion designer Marc (Ecko) Milecofsky. Complex reports on trends in style, pop culture, music, sports and sneakers with a focus on streetwear, sneaker culture, hip hop, and graphic art. Complex reached over 90 million unique users per month in 2013, across its owned and operated and partner sites, socials and YouTube channels. The magazine ceased publication with the December 2016/January 2017 issue.Complex has been named by Business Insider as one of the Most Valuable Startups in New York, and Most Valuable Private Companies in the World. Complex CEO Rich Antoniello was named among the Silicon Alley 100. In 2012, the company launched Complex TV, an online broadcasting platform; in 2016, it became a joint-venture subsidiary of Verizon and Hearst.

DanTDM

Daniel Robert Middleton (born 8 November 1991), known online as DanTDM (formerly The Diamond Minecart), is a British YouTube personality, professional gamer, and author. His online video channels have covered many video games, mainly the popular game Minecraft. His channel has been listed among the top YouTube channels in the United Kingdom. In 2014, Business Insider estimated Middleton's annual income to be somewhere between $213,000 and $2.15 million. In July 2015, his channel was listed as one of the most popular YouTubers in the world by viewership. He has earned several Kids' Choice Awards as well as set Guinness World Records for his gaming and presenting. In 2017, Middleton topped the Forbes list of Highest-Paid YouTube Stars, earning $16.5 million (about GB£12.2 million) in one year. As of January 2019, Middleton has over 14 billion views and 20 million subscribers.

Houseparty (app)

Houseparty is a social networking service that enables group video chatting through mobile and desktop apps. Users receive a notification when friends are online and available to group video chat. The app is intended for teens who are ready for social media but are not old enough. On average, users spend approximately 51 minutes a day on the app in group or one-on-one chats. It was launched by Life on Air, Inc. in 2016 and is available on iOS and Android mobile devices and macOS devices.

IPhone SE

The iPhone SE (Special Edition) is a smartphone that was designed and marketed by Apple Inc. It is part of the ninth generation of the iPhone alongside the iPhone 6S. It was announced on March 21, 2016 at the Town Hall auditorium in the Apple Campus by Apple executive Greg Joswiak, with pre-orders beginning on March 24, and official release on March 31, 2016. It was re-released almost a year later on March 24, 2017 with larger storage capacities. The iPhone SE shares the same physical design and dimensions as the iPhone 5S, but has upgraded internal hardware, including the newer Apple A9 system-on-chip, greater battery capacity, and a 12-megapixel rear camera that can record 4K video. Along with the iPhone 6S and the iPhone X, the iPhone SE was discontinued by Apple on September 12, 2018.No affordable successor to the iPhone SE was announced, and Business Insider stated that "Apple made a big mistake by removing its smallest and most affordable iPhone from its lineup", suggesting that the company was disregarding a significant number of customers who had been worried over the loss of the smaller design. This was affirmed by Computerworld, who claimed that "the harsh reality is that across some of Apple’s biggest markets, wage growth has stagnated, and people are feeling the pinch", further stating that there will always exist consumers in the mid-tier smartphone markets.In relation with the discontinuation of the iPhone SE, Quartz mentioned that women and other smartphone users with smaller hands have reported "pain from holding, scrolling, and swiping on phones, and a review of research on the ergonomics of handheld devices concludes that bigger products, like large phones and tablets, often result in overextension of the thumb and wrist", hinting to repetitive strain injury and that oversized iPhones and smartphones in general can be physically unusable for several users. The technology website Gizmodo shared the same concern, hoping that "there will be a return to smaller phones", and expressed a desire "to hold one's phone in a single hand, and be able to use it fully."

Inside Higher Ed

Inside Higher Ed is a media company and online publication that provides news, opinion, resources, events and jobs focused on college and university topics.

Inside Higher Ed publishes daily and content includes news stories, opinion essays and career advice. The publication also hosts several blogs on education topics, including "Confessions of a Community College Dean," "Conditionally Accepted" and "GradHacker." In 2018, Inside Higher Ed began publishing supplemental reports in addition to its regular news and editorial offerings.Since 2012, Inside Higher Ed and Gallup have partnered to annually survey higher education professionals. In addition, Inside Higher Ed publishes the American Association of University Professors' (AAUP) Faculty Compensation Survey data. It also publishes Inside Digital Learning, an electronic publication covering technology and the learning experience, as well as Admissions Matters, an online publication about college admissions and enrollment news.

The company is based in Washington, D.C., United States. It was founded in 2004 by Scott Jaschik and Doug Lederman, two former editors of The Chronicle of Higher Education, as well as Kathlene Collins, formerly a business manager for The Chronicle.

Inside Higher Ed's content regularly appears in other publications such as Slate and Business Insider. Inside Higher Ed has been recognized by The Association for the Study of Higher Education.

Insider Inc.

Insider Inc., originally called Business Insider Inc., is an American online media company known for publishing the financial news website Business Insider and other news and media websites.

Larry Page

Lawrence Edward Page (born March 26, 1973) is an American computer scientist and Internet entrepreneur who co-founded Google with Sergey Brin.Page is the chief executive officer of Alphabet Inc. (Google's parent company). After stepping aside as Google CEO in August 2001, in favor of Eric Schmidt, he re-assumed the role in April 2011. He announced his intention to step aside a second time in July 2015, to become CEO of Alphabet, under which Google's assets would be reorganized. Under Page, Alphabet is seeking to deliver major advancements in a variety of industries.As of December 2018, Page was the 8th-richest person in the world, with a net worth of $51.3 billion. Forbes placed him 10th in the list "Billionaires 2019". Page is the inventor of PageRank, a well-known search ranking algorithm for Google. Page received the Marconi Prize in 2004 with Brin.

List of cities by number of billionaires

There are a number of different lists compiled by various publications around the world that attempt to determine the number of billionaires by world's major cities.

List of countries by the number of billionaires

This is a list of countries by the number of billionaires by net worth (USD) based on an annual assessment of wealth and assets compiled and published by Forbes magazine. This list excludes lists compiled and published by Business Insider, Challenges, Hurun Report, The Sunday Times, UBS and other sources.

List of mergers and acquisitions by Amazon

Amazon.com, Inc. is an American electronic commerce and cloud computing company headquartered in Seattle, Washington. Founded by Jeff Bezos on July 5, 1994 as an online bookstore, Amazon went public after an initial public offering on May 15, 1997 during the midst of the Dot-com bubble. The funds gained from the IPO allowed Amazon to grow quickly, making its first three acquisitions on April 27, 1998, less than a year after the company had gone public.After the dot-com bubble burst on March 11, 2000, several companies that Amazon had invested in went bankrupt, with Amazon's stock price itself sinking to record lows. Despite Amazon's survival, the company made very few investments for the next several years, only acquiring two companies between 2000 and 2004. The company returned to making multiple acquisitions per year in 2005, focusing on acquiring digital retailers and media websites. Starting in 2011, Amazon began shifting its focus to buying technology startups to develop and improve Amazon Echo and grow its Amazon Web Services division.

Amazon has diversified its acquisition portfolio into several market sectors, with its largest acquisition being the purchase of the grocery store chain Whole Foods Market for $13.7 billion on June 16, 2017.

Musical.ly

Musical.ly (stylized as musical.ly) was a social media service headquartered in Shanghai with an office in Santa Monica, California, on which platform users create and share short videos. The first prototype was released in April 2014, and the official version was launched in August of that year. Through the app, users could create 15-second to 1 minute lip-syncing music videos and choose sound tracks to accompany them, use different speed options (time-lapse, fast, normal, slow motion, and epic) and add pre-set filters and effects. The app also allowed users to browse popular "musers", content, trending songs, sounds and hashtags, and uniquely interact with their fans.

In June 2016, musical.ly had over 90 million registered users, up from 10 million a year earlier. By the end of May 2017, the app reached over 200 million users.Having owned the app TikTok, Bytedance bought musical.ly, Inc on November 9, 2017, and combined two apps, musical.ly and TikTok, into a single app named after TikTok on August 2, 2018.

Narco tank

A narco tank, also called rhino trucks or monstruo (Spanish for monster), is an improvised fighting vehicle used by drug cartels. The vehicles are primarily civilian trucks with improvised vehicle armour, which adds operational mobility, tactical offensive, and defensive capabilities when fighting law enforcement or rivals during drug trafficking activities.

In Mexico, narco tanks have been extensively manufactured and operated by drug cartels and other gangs involved in the Mexican Drug War. They are often modified semi-trucks, SUVs, or other large vehicles not intended for such a purpose, and come equipped with varying levels of protection and attack capability, but even smaller narco tanks are plated with two inches of steel armor. Mexican authorities have seized about twenty such armored trucks in the state of Tamaulipas alone, four of which were later destroyed. Cartels also began to build narco tanks with the armor installed on the interior rather than outside the vehicle, to draw away suspicion from rival drug cartels and the Mexican government. On May 22, 2011, one such vehicle belonging to the Sinaloa Cartel was seized in the state of Jalisco. In 2015, Mexican authorities found a narco tank factory in Nuevo Laredo, Tamaulipas that had eight vehicles in it, which were in the process of having armor plates with gun holes added to them. Some narco tanks are equipped with improvised battering rams on the front to break through roadblocks.

Rockstar Consortium

Rockstar Consortium Inc., originally named Rockstar Bidco, is a consortium formed to negotiate licensing for patents acquired from the bankrupt multinational telecommunications and data networking equipment manufacturer Nortel. Members of the consortium are Apple Inc., BlackBerry, Ericsson, Microsoft, and Sony. Rockstar is a patent holding non-practicing entity (NPE) and submitted the winning US$4.5 billion bid for the Nortel patents at a week-long auction held in New York in June 2011.Spherix Incorporated, a company founded by Gilbert Levin, has acquired four families of mobile communication patents from the Rockstar Consortium in exchange for initial consideration of up-front cash and Spherix common stock. Rockstar will also receive a percentage of future profits from Spherix after recovery of patent monetization costs and an initial priority return on investment to Spherix.

In 2012, Business Insider listed Rockstar as number 3 on its list of the 8 most fearsome patent trolls in industry. Wired magazine notes that some call them a "straight-up patent troll".In October 2013, Rockstar had initiated legal action against eight companies, including Google, Huawei and Samsung, as well as other makers of Android phones including Asustek, HTC, LG Electronics, Pantech, and ZTE.In December 2013, Google initiated legal action against Rockstar, with a countersuit filed in San Jose, California.In November 2014, it was reported that Rockstar and Google had come to a settlement.In December 2014, Rockstar agreed to sell 4000 of its patents to RPX Corporation, a defensive patent aggregator.

Sam's Club

Sam's West, Inc. (doing business as Sam's Club) is an American chain of membership-only retail warehouse clubs owned and operated by Walmart Inc., founded in 1983 and named after Walmart founder Sam Walton. As of 2012, Sam's Club chain serves 47 million U.S. (including Puerto Rico) members and is the 8th largest U.S. retailer. As of January 31, 2019, Sam's Club ranks second in sales volume among warehouse clubs with $57.839 billion in sales (in fiscal year 2019) behind rival Costco Wholesale.

Sam's Club had sales of $57.157 billion in FY 2014. It reported a 0.3% sales increase in 2014, 4.1% in 2013, and 8.4% sales increase in 2012. This is significantly higher growth than Walmart U.S. stores, which have not had higher than 2% growth since 2010.Its major competitors are Costco Wholesale and BJ's Wholesale Club.

As of January 31, 2019, Sam's Club operates 599 membership warehouse clubs in 44 U.S. states. Alaska, Massachusetts, Oregon, Rhode Island, Vermont, and Washington are the only states where Sam's Club does not operate, as is the case for the District of Columbia. Walmart International also operates Sam's Club stores in Mexico and China. It has 163 locations in Mexico, and 23 in China.. Walmart Brazil, which was de-consolidated from Walmart in August 2018, also operates Sam's Clubs in Brazil. Locations generally range in size from 34,000–168,000 sq ft (3,200–15,600 m2), with an average club size of approximately 134,000 sq ft (12,400 m2).There were also Sam's Club locations in Canada, six located in Ontario, in which the last location closed in 2009.On January 11, 2018, Sam’s Club announced the permanent closure of select stores. In a number of cases, employees showed up to work and found the doors locked and a notice saying that the store would be soon liquidated. Walmart eventually told Business Insider that 63 Sam’s Club stores would begin liquidating across the country, including in Arizona, California, Illinois, New York, Ohio and Texas.According to Business Insider, the Sam's Club closings and plans to convert some stores into e-commerce fulfillment centers as announced in January 2018 are part of Walmart's growing commitment to online retailing that will allow it to better compete with its rival Amazon.

Super angel

Super angel (or "super-angel") investors are a group of serial investors in early stage ventures in Silicon Valley, California, and other technology centers who are particularly sophisticated, insightful, or well-connected in the startup business community.Super angels share some characteristics of traditional angel investors, and venture capitalists, and have been described as a hybrid of the two models. According to Fast Company, super angels "raise funds like venture capitalists but invest early like angels and in sums between the two, on average from $250,000 to $500,000." Unlike traditional angel investors, they are typically professionals for whom investing is their primary occupation.

The Verge

The Verge is an American technology news and media network operated by Vox Media. The network publishes news items, long-form feature stories, guidebooks, product reviews, and podcasts.

The website uses Chorus, Vox Media's proprietary multimedia publishing platform. The network is managed by its editor-in-chief Nilay Patel, executive editor Dieter Bohn, and editorial director Helen Havlak. The site launched on November 1, 2011. The Verge won five Webby Awards for the year 2012 including awards for Best Writing (Editorial), Best Podcast for The Vergecast, Best Visual Design, Best Consumer Electronics Site, and Best Mobile News App.

Uber

Uber Technologies Inc. is a transportation network company (TNC) headquartered in San Francisco, California. Uber offers services including peer-to-peer ridesharing, ride service hailing, food delivery, and a bicycle-sharing system. The company has operations in 785 metropolitan areas worldwide. Its platforms can be accessed via its websites and mobile apps. Uber has been so prominent in the sharing economy that the changes in industries as a result of it have been referred to as uberisation, and many startups have described their products as "Uber for X".The name "Uber" is a reference to the common (and somewhat colloquial) word uber, meaning "topmost" or "super", and having its origins in the German word über, cognate with over, meaning "above".Uber is estimated to have 100 million worldwide users and a 67.3% market share in the United States.Uber is a gold member of the Linux Foundation and has a five star privacy rating from the Electronic Frontier Foundation.Most jurisdictions regulate TNCs and TNCs are banned from operating in some jurisdictions. For more information, see Legality of TNCs by jurisdiction.

The company generates 15% of its bookings from rides to or from an airport.

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