Hampered Hiring: KPMG and the REC Report on Candidate Shortages
By Robyn Ma
The Story
Accountancy firm KPMG and the Recruitment and Employment Confederation (REC) have recently released a report on UK labour shortages, covering the impact of the Covid-19 pandemic on Britain’s employers...
Meta-Morphosis: Mark Zuckerberg’s Metaverse
By Robyn M
The Story
CEO Mark Zuckerberg recently announced the renaming of Facebook's parent company to Meta. Meta will trade under the new ticker symbol 'MVRS' on the Nasdaq*.
Meta's corporate structure and its apps and technologies will...
Working it Out: PureGym May Abandon Plans for IPO (again)
By Robyn Ma
The Story
Britain’s largest health and fitness club chain, PureGym, may be abandoning its proposed £1.5 billion stock market listing (Sky News). Back in July, the company had revealed it was exploring the option of...
Hilton Hotels Sold: Sign of Recovery?
By Robyn Ma
The Story
European real estate investment platform Henderson Park has purchased a chain of Hilton hotels in the UK from Tonstate Group for approximately £555 million. By adding Hilton to its portfolio, Henderson Park acquires 12 more...
China Declares Cryptocurrency Illegal
By Robyn Ma
The Story
China has declared all activities related to digital coins illegal.
This follows the People’s Bank of China's (PBoC) efforts to clamp down on cryptocurrency activities to avoid “disturbing economic and financial order, breeding...
Antitrust Battle: Apple vs Epic Games
By Robyn Ma
The Story
On Friday 10 September 2021, a judge ruled in the legal battle between Epic Games and Apple that Apple can “no longer force developers to use in-app purchasing” (CNBC).
Apple’s App Store has traditionally taken a 15 to 30% fee...
Out For Blood: Elizabeth Holmes' Trial
By Robyn Ma
The Story
Once dubbed the next Steve Jobs, Elizabeth Holmes now faces fraud charges from the US Securities and Exchange Commission (SEC) and a federal grand jury.
After dropping out of Stanford, Holmes started up Theranos, a company...
Fitness Fight: Peloton Reports Drop in Earnings
By Robyn Ma
The Story
Has fitness technology group Peloton passed its peak? Revenue for the first quarter of the company's 2022 financial year is forecasted to reach $800 million - well below the $1.01 billion estimated by analysts...
A Crypto Crime: Poly Network Hacked
By Robyn Ma
The Story
It has been a rollercoaster for Poly Network. First, the decentralised finance (DeFi) platform saw $600 million stolen by hackers in one of the largest crypto thefts ever. Then, in a turn of events, the hackers returned $260...
The Gig Economy Fights Back
By Robyn Ma
The Story
Uber and Lyft are two of the companies lobbying to place a bill on next year’s ballot in Massachusetts. This bill proposes to label drivers as independent contractors, rather than employees.
The bill also offers wage promises and “at...
By Robyn Ma
The Story
Scarlett Johansson is suing Disney. Her lawsuit claims that the release of the film Black Widow in movie theatres and on streaming service Disney+ breaches Disney’s contractual obligations with Johansson, A contractual clause allegedly guaranteed the film’s exclusive...
Heating Up: EU and China Tackle Climate Change
By Robyn Ma
The Story
“We would fail our children and grandchildren, who [...] will be fighting wars over water and food”, said European Commission Vice-President Frans Timmermans on the EU’s ‘Fit for 55’ legislation. Published last week...
Cosy Clients: The Relationship between Paul Weiss and Apollo
By Robyn Ma
The Story
Private equity firms are lucrative clients for law firms. In fact, Paul Weiss has secured over $100 million in legal work annually from its relationship with private equity firm Apollo Global...
Targeting Tech: US Senate’s Big Tech Crackdown
By Robyn Ma
The Story
The US House Judiciary subcommittee recently published a report that found major tech giants enjoying vast monopoly power and engaging in anti-competitive practices (Politico). This led to several antitrust bills...
Didi in the Driving Seat: Didi Files for IPO
By Robyn Ma
The Story
Didi Chuxing, China’s largest ride-hailing company, filed for an initial public offering (IPO) in the United States. Although the company operates in 15 countries, 93% of its sales come from China (CNN). Didi “could...
Retail Revenge: AMC Meme Stock
By Robyn Ma
The Story
When retail investors band together and swap gossip about stocks on social media, they have the power to drastically alter the share prices of so-called ‘meme stocks’ (Financial Times). AMC, the cinema chain, is one such example...
Planting Seeds: Acorns Goes Public via a SPAC
By Robyn Ma
The Story
Investment app Acorns has announced plans to go public by merging with a special purpose acquisition company, otherwise known as a SPAC (CNBC). The app will be valued at $2.2 billion, more than double its private...
Retail Ready: Robinhood Sells IPO Shares to Retail Investors
By Robyn Ma
The Story
Robinhood, a popular app aimed at novice investors, has introduced a new platform, IPO Access, for clients to purchase shares in initial public offerings (IPOs) (Reuters; Robinhood). With a mission to...
Crypto Crisis: Tesla Stops Accepting Bitcoin
By Robyn Ma
The Story
Elon Musk, CEO of electric carmaker Tesla, announced on Wednesday that the company would stop accepting Bitcoin for its corporate treasury (BBC). This announcement was unexpected, considering the company’s purchase of...
Meaty Competition: Beyond Meat Sees Drop in Share Prices
By Robyn Ma
The Story
Last week, shares of plant-based protein producer Beyond Meat fell 6% amidst increasingly tough competition from other plant-based food manufacturers, and “weak restaurant sales” in Covid-19 (Financial...
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