Tag: business

Unity Technologies – How Many Shares Does Larry Page Own

Larry Page owns approximately 23.8 million shares of Unity Technologies, according to the company’s June 29, 2023, 13F filing with the Securities and Exchange Commission (SEC). His stake in the company is valued at over $2.3 billion, based on Unity’s closing stock price on August 4, 2023.

Page became a shareholder in Unity Technologies in 2019, when he led a $120 million investment round in the company. He is also a member of Unity’s board of directors.

Unity Technologies is a software company that develops a platform for creating and operating real-time 3D content. The company’s platform is used to create video games, movies, television shows, and other interactive experiences.

Unity Technologies is a publicly traded company, and its shares are listed on the Nasdaq stock exchange under the ticker symbol “U.”

How Many Shares in On Running Does Roger Federer Own

Roger Federer owns approximately 3% of On Running, according to a 2021 report in Sportico. This stake is worth over $300 million, based on the company’s current market capitalization.

Federer became an investor in On Running in 2019, and he also has a partnership with the company to develop his own line of running shoes, the Roger Pro.

On Running is a Swiss company that manufactures high-performance running shoes. The company’s shoes are known for their lightweight and comfortable design.

On Running is a publicly traded company, and its shares are listed on the New York Stock Exchange under the ticker symbol “ONON.”

How Much is the Property Portfilio of McDonalds Worth

McDonald’s property portfolio is estimated to be worth around $42 billion. This includes both the land and buildings that the company owns, as well as the long-term leases that it has on other properties.

McDonald’s owns or leases more than 38,000 restaurants in over 100 countries. The company’s golden arches are one of the most recognizable logos in the world, and its franchisees operate under fixed rates set by McDonald’s. The company has a long history of investing in real estate, and its property portfolio is a valuable asset.

McDonald’s property portfolio is worth so much because it is located in prime real estate locations all over the world. The company’s restaurants are typically located in high-traffic areas, such as near highways, shopping malls, and airports. This makes McDonald’s property portfolio very valuable to potential buyers.

In addition, McDonald’s property portfolio is also worth a lot because of the long-term leases that the company has on other properties. These leases guarantee McDonald’s a steady stream of income for many years to come.

Who Are the Largest Shareholders of LVMH and How Much Do They Own / Control

The largest shareholder of LVMH is the Arnault Family Group, which is controlled by Bernard Arnault. The Arnault Family Group owns approximately 46.84% of LVMH’s stock and 63.13% of its voting rights.

Other major shareholders of LVMH include:

  • The Vanguard Group, Inc. (9.49%)
  • T. Rowe Price Associates, Inc. (Investment Management) (5.24%)
  • Jennison Associates LLC (2.70%)
  • Janus Henderson Investors US LLC (2.57%)
  • Qatar Holding LLC (1.67%)
  • BlackRock, Inc. (1.63%)
  • AXA SA (1.34%)
  • State Street Corporation (1.28%)
  • Dimensional Fund Advisors LP (1.26%)

These shareholders collectively hold over 50% of LVMH’s outstanding shares.

It is important to note that these percentages are based on the number of Class A shares outstanding. LVMH also has Class B shares, which have ten times the voting power of Class A shares. As a result, Bernard Arnault, who owns a majority of the Class B shares, has a significant amount of control over the company.

Did Zendesk Sell and Eventually Go Private?

Yes, Zendesk went private on November 22, 2022. The company was acquired by a consortium of private equity firms led by Hellman & Friedman and Permira in an all-cash transaction that valued the company at approximately $10.2 billion. As part of the deal, Zendesk shareholders received $77.50 per share in cash.

The acquisition was the culmination of months of pressure from activist investor Jana Partners, which had been pushing for Zendesk to go private. Jana had argued that the company was undervalued as a public company and that it would be better off operating as a private company.

The acquisition of Zendesk is a sign of the growing trend of private equity firms acquiring technology companies. In recent years, private equity firms have acquired a number of high-profile technology companies, including GitHub, SurveyMonkey, and Slack.

How Many Shares Does the CEO have of MongoDB (Dev Ittycheria)

The CEO of MongoDB, Dev Ittycheria, owns 218,085 shares of MongoDB stock. As of July 27, 2023, these shares are worth approximately $89 million. This represents about 0.22% of the company’s outstanding shares.

Ittycheria has been the CEO of MongoDB since 2014. He is also a director of Datadog Inc. and athenahealth Inc. His total yearly compensation is $13.23 million, comprised of 3% salary and 97% bonuses, including company stock and options.

Ittycheria’s ownership of MongoDB stock has increased significantly in recent years. In 2014, he owned just 16,000 shares of the company. However, he has since exercised stock options and purchased additional shares on the open market.

Ittycheria’s ownership of MongoDB stock gives him a significant financial stake in the company’s success. It also gives him a strong voice in the company’s strategic direction.

How Many Shares does Michael Cannon-Brookes own of Atlassian (TEAM)

Michael Cannon-Brookes owns approximately 109.44 million Class B shares and 381,836 Class A shares of Atlassian. This represents approximately 43.08% of Atlassian’s outstanding Class B and Class A ordinary shares, taken together, and approximately 87.91% of the voting power.

In other words, Cannon-Brookes owns about 22% of Atlassian’s total shares, but he has control over about 88% of the company’s voting power. This is because Class B shares have ten times the voting power of Class A shares.

Cannon-Brookes is the co-founder and co-CEO of Atlassian, and he is one of the richest people in Australia. His net worth is estimated to be around $13 billion.

(as at May 2022)

How Many Shares of Atlassian does their CEO Own

As of February 3, 2023, Atlassian’s CEO, Scott Farquhar, owns 54,717,824 Class B shares. This represents 15.5% of the company.

Farquhar is the co-founder and CEO of Atlassian, a software company that develops products for software development teams. He has been with the company since its inception in 2002. Farquhar is a visionary leader who has helped to transform the software development industry with Atlassian’s cloud-based software solutions. He is also a strong advocate for corporate social responsibility and employee success.

Spotify Reports Strong Second Quarter Results for 2023 – Financials

Spotify, the world’s leading music streaming service, today announced strong financial results for the second quarter of 2023. The company’s revenue grew 11% year-over-year to €3.2 billion, and its monthly active users (MAUs) grew 27% to 551 million. Spotify’s premium subscribers grew 17% to 220 million, and its advertising revenue grew 30% to €243 million.

Spotify’s CEO, Daniel Ek, said that the company is “very pleased” with its second quarter results. He attributed the company’s growth to its “strong global expansion,” its “continued focus on innovation,” and its “growing partnerships with the music industry.”

Ek also said that Spotify is “well-positioned for continued growth in the years to come.” He pointed to the company’s “large and growing user base,” its “strong financial position,” and its “continued investment in innovation” as reasons for his optimism.

Spotify’s results come at a time when the music streaming industry is booming. In 2022, the global music streaming market was worth an estimated $25.6 billion. This is up from just $7.3 billion in 2015. The growth of the music streaming industry is being driven by a number of factors, including the increasing popularity of smartphones and tablets, the growing availability of high-speed internet, and the rising cost of traditional music formats, such as CDs and vinyl.

Spotify is one of the leading players in the music streaming industry. The company has a significant market share in both developed and emerging markets. Spotify is also one of the most innovative companies in the industry. The company has been at the forefront of developing new features, such as personalized playlists and podcasts.

Spotify’s strong financial results and its leading position in the music streaming industry suggest that the company is well-positioned for continued growth in the years to come.

Here are some additional details from the article:

  • Spotify’s adjusted gross margin was 25.5% in the second quarter, which was in line with guidance.
  • Spotify’s adjusted operating loss was €112 million in the second quarter, which was better than guidance.
  • Spotify’s free cash flow was €143 million in the second quarter, which was its highest ever quarterly free cash flow.

Spotify’s management team is optimistic about the company’s future. They said that they expect Spotify to continue to grow its user base and revenue in the years to come. They also said that they are committed to investing in innovation and partnerships with the music industry.thumb_upthumb_downtuneshareGoogle it

What Do Analysts Think the One Year Price Target is for Nu Holdings (NU)

Analysts have a wide range of price targets for Nu Holdings in the next 12 months. The median price target is $7.85, with a high of $11.00 and a low of $4.00.

Here is a breakdown of the price targets from a few different analysts:

  • Morgan Stanley: $10.00
  • Barclays: $8.00
  • Credit Suisse: $7.50
  • Jefferies: $7.00
  • Evercore ISI: $6.50

These price targets reflect the analysts’ view of Nu Holdings’ growth prospects and valuation. The median price target of $7.85 suggests that analysts believe Nu Holdings is fairly valued at its current price. However, the high price target of $11.00 suggests that some analysts believe the company has the potential to grow significantly in the future.

Li Auto Not Planning to Expand Overseas Before 2025

Li Auto CEO Li Xiang has confirmed that the company has no plans to expand overseas by 2025. In an interview with TechNode, Li said that the company is focused on consolidating its position in the Chinese market before expanding to other countries.

Li Auto is a Chinese electric vehicle maker that was founded in 2015. The company’s first model, the Li One, was launched in 2019. The Li One is a hybrid SUV that combines an electric motor with a gasoline engine. The Li One has been a success in China, with the company selling over 100,000 units in 2022.

Li Xiang said that Li Auto is not currently considering expanding to overseas markets because the company wants to focus on improving its products and services for the Chinese market. He said that the company is also concerned about the challenges of expanding to other countries, such as different regulations and infrastructure.

However, Li Xiang did not rule out the possibility of Li Auto expanding overseas in the future. He said that the company will “continue to monitor the global market” and “make decisions based on the best interests of the company.”

NuBank vs Barclays – is NuBank Overvalued?

NuBank (Nu Holdings) is pushing the banking industry in Brazil, Mexico and Colombia.

I have been wanting to invest in NuBank for some time, but I have thought for the past year or so – that their market cap has become so large that they are simply just un-investable at these levels.

To prove this was the case I thought I would do a very simple side by side comparison with a legacy bank that is predominantly in key markets.

MetricNu HoldingsBarclays
Assets Under Management$10.2B$2.3T
Number of Customers30M48M
Revenues$1.2B$25.4B
EBITDA$-78M$9.3B
Countries350
Market Cap$35 billion$28 billion

I know NuBank is in 3 emerging markets – with at least 200 million people in those countries that are currently unbanked. However, even if NuBank was able to have 100 million customers – expand their product lines and then start to really focus on other markets – do you think they can really grow to the AUM or sheer network size of Barclays?

Or is this a perfect short sell position?

Did Atlassian Ever Raise Any Primary Outside Funding

No, Atlassian never raised any primary funding. The company was founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, who bootstrapped the company with their own savings. Atlassian went public in 2015, and it has been profitable ever since.

Here are some of the reasons why Atlassian never raised primary funding:

  • The company was founded by two experienced entrepreneurs who had a clear vision for the company.
  • The company’s products were well-received by the market, and they were able to generate enough revenue to self-fund.
  • The company’s founders were reluctant to give up control of the company to outside investors.

Atlassian’s decision to not raise primary funding has been a major factor in its success. The company has been able to maintain its independence and focus on its long-term goals. It has also been able to avoid the dilution of its ownership that often comes with venture capital funding.

What3words – Raising Crowdfunding with one of the Worst Profit and Loss Statements I have Seen in a While

what3words is currently raising funding via crowdfunder – Crowdcube. I have always found What3words quite an interesting concept, so I thought I would dig into their numbers.

On the crowdcube pitch – it states – Over £100M in all-time funding – https://www.crowdcube.com/companies/what3words-2/pitches/lz91xq.

Why is what3words crowdfunding for a target of £1m when they have received over £100m though the company life – marketing purposes only ???

Attached is their P&L for 2022. While they have nearly doubled revenues from 2021 to 2022 – it still seems a giant world away from where they need to be to have raised over £100m in funding. They need to over 10x their current revenues to even get to a breakeven on the current valuation size.

Its going to be very interesting to see if this is possible and if it really solves a giant real world problem!

Twitter’s cash flow remains negative, Musk says, as ad revenue drops 50%

Elon Musk said on Saturday that Twitter’s cash flow remains negative, due to a nearly 50% drop in advertising revenue and a heavy debt load. Musk had previously said that he expected Twitter to reach cash flow positive by June.

“We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load,” Musk said in a tweet. “Need to reach positive cash flow before we have the luxury of anything else.”

Twitter’s advertising revenue has been declining for several quarters. In the first quarter of 2023, advertising revenue fell 19% year-over-year. The decline in advertising revenue is likely due to a number of factors, including the ongoing war in Ukraine, rising inflation, and the increasing popularity of other social media platforms.

Twitter’s debt load is also a major concern. The company has about $13 billion in debt, which it used to finance Musk’s acquisition of the company. Musk has said that he plans to reduce Twitter’s debt load, but it is unclear how he plans to do so.

The combination of negative cash flow and a heavy debt load puts Twitter in a precarious financial position. If Twitter is unable to turn things around, it could be forced to sell itself or file for bankruptcy.

What does this mean for Twitter’s future?

The news that Twitter’s cash flow remains negative is a major setback for the company. It is unclear how Twitter will be able to turn things around, and there is a real risk that the company could be forced to sell itself or file for bankruptcy.

Musk has said that he is committed to turning Twitter around, but it is unclear how he plans to do so. He has proposed a number of changes, including reducing the company’s debt load, making the platform more user-friendly, and cracking down on spam and bots.

However, it is not clear if these changes will be enough to save Twitter. The company is facing a number of challenges, including the decline in advertising revenue, the increasing popularity of other social media platforms, and the ongoing war in Ukraine.

It is too early to say what the future holds for Twitter. However, the news that the company’s cash flow remains negative is a major setback, and it is clear that Twitter is facing some serious challenges.

Designers sue Shein for allegedly using AI to steal their designs

A group of designers have filed a lawsuit against Shein, the Chinese fast-fashion firm, alleging that the company has been using artificial intelligence (AI) to steal their designs. The designers — Krista Perry, Larissa Martinez, and Jay Baron — claim that Shein’s AI algorithm is capable of identifying and copying popular designs from independent artists, and that the company has been using this technology to mass-produce and sell counterfeit versions of these designs.

The lawsuit, which was filed in federal court in New York, alleges that Shein’s practices violate the Racketeer Influenced and Corrupt Organizations Act (RICO). The designers are seeking damages for copyright infringement, trademark infringement, and unfair competition.

Shein has not yet responded to the lawsuit. However, the company has a history of being accused of stealing designs from independent artists. In 2021, Shein was sued by the American Apparel & Footwear Association (AAFA) for allegedly copying designs from AA member brands. The AAFA lawsuit is still pending.

The lawsuit against Shein is the latest in a growing number of cases alleging that AI is being used to facilitate copyright infringement. In recent years, there have been a number of high-profile cases in which AI-powered tools have been used to create counterfeit versions of popular products, including sneakers, handbags, and luxury watches.

The use of AI to steal designs raises a number of legal and ethical concerns. For one, it can be difficult to prove that a design has been copied by AI. Additionally, the use of AI to create counterfeit products can have a significant impact on the livelihoods of independent artists and designers.

The lawsuit against Shein is a significant development in the fight against AI-enabled copyright infringement. If the designers are successful, it could send a message to other companies that using AI to steal designs is not acceptable.

Here are some additional details from the lawsuit:

  • The designers allege that Shein’s AI algorithm is able to identify and copy designs that are trending on social media.
  • The designers claim that Shein has been using this technology to mass-produce and sell counterfeit versions of these designs at a fraction of the cost.
  • The lawsuit alleges that Shein’s practices have caused the designers to lose significant revenue and have damaged their reputations.

The lawsuit is still pending, and it is unclear how it will be resolved. However, the case raises important questions about the use of AI in the fashion industry and the potential for this technology to be used to facilitate copyright infringement.

How Many People Currently Use the Yoast WordPress Plugin

Yoast is a popular search engine optimization (SEO) plugin for WordPress websites. The plugin has been around for over a decade and has gained a large following among WordPress users. But just how many people are currently using the Yoast WordPress plugin?

According to WordPress.org, as of June 2021, the Yoast plugin has been downloaded over 346 million times. This staggering number means that Yoast is the most popular SEO plugin for WordPress by a wide margin.

But downloads don’t necessarily equate to active users. To get a better estimate of the number of people currently using Yoast, we can look at the number of active installations. According to the WordPress plugin repository, there are currently over 5 million active installations of the Yoast plugin.

This number is constantly changing as new users discover the plugin and existing users switch to different SEO tools. However, it’s safe to say that Yoast is a widely used and trusted plugin among WordPress website owners.

So, why is Yoast so popular? The plugin offers a range of features to help website owners optimize their content for search engines. These features include on-page analysis, keyword optimization, XML sitemap creation, and more. Additionally, Yoast is easy to use and offers helpful tutorials and support for users.

In conclusion, the Yoast WordPress plugin is currently being used by over 5 million website owners. Its popularity can be attributed to its user-friendly interface and robust set of SEO features. If you’re looking to improve your website’s search engine rankings, it’s worth considering Yoast as a valuable tool in your SEO arsenal.

Spotify / Findaway – Dropping Its Cut on Audiobook Fees

Findaway, an audiobook seller owned by Spotify, has announced that it will no longer take a 20 percent cut of royalties for titles sold on its DIY Voices platform if the sales are made on Spotify. In a blog post published on Monday, Findaway stated that it would “pass on cost-saving efficiencies” from its integration with the streaming service. Last summer, Spotify finalized its $123 million acquisition of Findaway in a move to solidify its position in the audiobooks business.

While authors can upload their audiobooks onto Findaway’s Voices platform for free, the company normally uses an 80/20 pricing structure where Findaway takes a 20 percent fee on all royalties earned. However, that fee is applied after sales platforms take their own 50 percent cut on the list price. Under the old revenue split, an author who sold a $10 audiobook would have to give $5 to Spotify and $1 to Findaway. But moving forward, that same author will no longer have to pay the $1 distribution fee to Findaway when a sale is made through Spotify.

Banking Sector is Ready for Even More Innovation and Opportunities

A lot of people are talking about Banks at present with the recent collapse of Silicon Valley Bank and others.

The banking sector is always an interesting topic and they are actually very interesting businesses.

They are in the business of using other people’s money to generate more money and try to add value through different services. If everyone takes their money out of a bank all at the same time – then all the banks in the world don’t have enough reserves to cover this.

However, with the death of the local branch – it seems now there is a growing opportunity for banks to slim down their staffing requirements, capital expenditures and simply products and services to focus on value driven opportunities.

It will be interesting in the coming months if there are any more banking collapses, but its an industry that is going to be heavily upset by the new online only banks focused on a much wider variety of services – at a fraction of the high street bank prices.