Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
FRANKFURT — Uber is rapidly expanding its ride-hailing operations across the globe. But here in this city of 690,000 — less than the population of San Francisco, Uber’s hometown — the company recently did something unusual: It retreated. In early November, Uber shut its small office in Frankfurt’s centuries-old city center after just 18 months…
“It’s very possible that I could be the first presidential candidate to run and make money on it,” Donald Trump told Fortune in 2000, during his first abortive run for president. He was referring to a $1 million motivational speaking deal he got from Tony Robbins that he timed to coincide with his campaign stops….
More than 60,000 people have applied to live in new apartments the size of garages in Manhattan. Carmel Place, a new development of 55 properties ranging from 265 to 360 square feet, complete with balconies and tall ceilings, is due to open in New York early next year. And planning officials are proposing to end…
All Facebook CEO Mark Zuckerberg wants to do is make the world a better place for his new daughter. While he’s technically on paternity leave, he couldn’t sit idly by as India attempts to halt Internet.org, Facebook’s initiative to provide free but limited internet to the developing world. Last week, the Times of India reported…
Clayton Homes has used a pattern of deception to help extract billions from poor customers around the country — particularly people of color, who make up a substantial and growing portion of its business. The company is controlled by Warren Buffett, one of the world’s richest men. Third of a series GALLUP, N.M. — After…
Gather round. Tokyopop are doing portfolio reviews at this year’s SDCC and as a creator who managed to complete two series with them before they went bankrupt* previously, I have some things to say about this. Should you, young aspiring creator, go and have your portfolio reviewed by them? Should you enter a Rising Stars of…
The idea behind asset allocation is simple: when one market struggles, it’s OK because an investor can jump into another that is thriving. Not so in 2015. In fact, if you judge the past year by which U.S. investment class generated the largest return, a case can be made it was the worst for asset-allocating…
Tishman Speyer Properties, one of New York City’s most active real estate developers, had bought two parcels of land on the Far West Side of Manhattan to clear the way for a 2.8-million-square-foot office tower planned for Hudson Yards. Standing in the way, though, were the occupants of two apartments on the site. So this…
Luxury real estate firms in New York City make a lot of money helping wealthy foreigners exploit the state’s tax lawsnow some firms overseas want to share in the joy of being richly rewarded middlemen. The Times reports that real estate companies from Germany and London are expanding here to explicitly target New York’s “ever-expanding…
A mock-up of the view $100 million could buy you (Extell). We mentioned this in passing yesterday (because we immediately passed out from the numbers involved), but it’s worth diving into the nitty-gritty: a mystery buyer has shelled out over $100 million to buy a duplex in One57, one of the luxury skyscrapers on…