Uber Continues to Raise Tons of Money

Uber Continues to Raise Tons of Money

By Josh Wolford January 21, 2015

Someone just gave Uber a bunch of money, again. Bloomberg reports that the on-demand car company has just raised $1.6 billion in convertible debt from Goldman Sachs’ wealth management clients. Bloomberg has the specifics on the deal: The bond Uber …

J.C. Penney: $1.75B Loan Taken From Goldman Sachs J.C. Penney: $1.75B Loan Taken From Goldman Sachs


In early April, J.C. Penny CEO Ron Johnson stepped down following over one year of dismal financial results at the company. Johnson had attempted to turn the department store business on its head, eschewing sales and coupons in favor of …

Spotify Gets Another $100 Million In Funding Spotify Gets Another $100 Million In Funding

Spotify has attracted a new $100 million round of funding, valuing the company at nearly $3 billion, according to various reports. According to the New York Times’ Media Decoder, Coca-Cola is becoming a minority investor in the company as part …

Facebook Wants to Consolidate IPO Lawsuits Facebook Wants to Consolidate IPO Lawsuits

The one month anniversary of Facebook’s much anticipated initial public offering is close at hand, and the social networking giant has yet to address investor concern or the countless lawsuits which have been filed against the Nasdaq, Mark Zuckerberg, or …

Goldman Sachs to Hire Social Media Strategist Goldman Sachs to Hire Social Media Strategist

According to Slate, Goldman Sachs is hiring a “social media community manager” to help manage their Twitter, Facebook, LinkedIn and other social media accounts to “build brand visibility”. Goldman Sachs Group, Inc. is looking for a Community Manager/Social Media Strategist …

Twitter Blows Up with Greg Smith Jokes Twitter Blows Up with Greg Smith Jokes
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Since Goldman Sachs executive Greg Smith published his resignation letter in the New York Times, comments and criticism have been blowing up twitter all day. In case you haven’t read the Op-ed piece, do your self a favor. It is …

Greg Smith Leaves Goldman Sachs With Dignity Greg Smith Leaves Goldman Sachs With Dignity
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Greg Smith, executive director and head of Goldman Sachs’ United States equity derivatives business in Europe, the Middle East and Africa has announced his resignation today. He has published his reasons for leaving the firm in a controversial article in …

Despite Complaints, Amazon May Sell 6 Million Kindle Fires in 2011 Despite Complaints, Amazon May Sell 6 Million Kindle Fires in 2011
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Despite a strong start, you may have heard that the Kindle Fire, Amazon’s latest entry into the tablet market, isn’t all that great after all. People weren’t that impressed with several aspects of the Kindle Fire and didn’t take kindly …

Private Facebook Offering Closed To Americans

Often enough, products, services, and contests that originate in the U.S. are just available and/or open to American citizens.  Now, in an unusual reversal of that custom, Goldman Sachs has announced that only clients who aren’t based in the U.S. will be allowed to buy shares of Facebook’s private stock through the firm.

Facebook Raises $500 Million At $50 Billion Valuation
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It’s a happy new year indeed for Mark Zuckerberg and everyone with financial ties to Facebook.  Goldman Sachs and Digital Sky Technologies have invested $500 million in the company, according to a new report, and in doing so, valued it at $50 billion.

A couple points of reference: it was only 38 months ago that Microsoft drew laughter by paying $240 million for a 1.2 percent stake in Facebook, valuing it at $15 billion.  And Yahoo and eBay just have market caps of about $21.7 billion and $36.3 billion, respectively.

Goldman Sachs Takes Google Off “Conviction Buy” List
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Sorry, Google fans, but from a financial perspective, the search giant seems to have lost some of its luster.  Goldman Sachs hasn’t come close to suggesting that anyone sell their stock – and is in fact still recommending that people buy more – but at the same time, the firm has removed Google from its "Conviction Buy" list.

Goldman Sachs Slashes Nexus One Sales Forecasts
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Investment banking and securities firm Goldman Sachs is more or less giving up on Google’s Nexus One.  A note Goldman Sachs published this week indicates that it’s cut its 2010 sales forecast by a whopping 71.4 percent.

Getty Images Falls Victim to the Changes of the Internet

It seems like every week there’s another example of how the Internet has toppled business models that have been in place longer than the Internet itself.

Control is not really possible when there are so many ways to pirate or undercut sales. The newspaper, music, movie, and now images market are changing drastically (and I love to read Seth Godin’s take on the changes).

Getty Images For Sale
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Getty Images, the world’s largest supplier of pictures and video to the media is for sale.

iCrossing Receives $62 Million In Funding
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Companies routinely receive three, five, or even ten million dollars in various funding rounds; reporting on it kind of dulls you to those huge amounts.  But iCrossing, a “global digital marketing company,” has just received $62 million, and that’s definitely worth a closer look.

Google Surprise: A New Stock Sale

Another 5.3 million shares of GOOG, worth about $2.1 billion at current valuation, should help smooth the company’s entry into the S&P 500 index.