Reddit: A Nine-Year Case Study in Absentee Management – Bloomberg Business

In 2006, Condé Nast, the New York-based publisher of Vogue and the New Yorker, among other magazines, bought a promising information-sharing and online-discussion startup called Reddit. At the time, social media was just taking off and big media conglomerates were scrambling for a piece of the action. Rupert Murdoch’s News Corp. had recently outfoxed Sumner…

Read More

At Silicon Valley Bank, risky tech start-ups are lucrative business – Los Angeles Times

Few banks are as close to the industries they serve as Silicon Valley Bank is to the technology world. An industry mainstay since the 1980s, the bank veers far from the course of conventional financial institutions. Part lender, part consultant, part cheerleader and part investor, Silicon Valley Bank has been a nursemaid to countless start-ups…

Read More

SeaWorld sees profits plunge 84% as customers desert controversial park | US news | The Guardian

SeaWorld has suffered a 84% collapse in profits as customers have deserted the controversial aquatic theme park company following claims it mistreated orca whales. The company, which trains dolphins and killer whales to perform tricks in front of stadiums full of spectators, on Thursday reported declines in attendance, sales and profits because of “continued brand…

Read More