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Why Financial Statements Don’t Work for Digital Companies

Harvard Business

Similarly, Microsoft paid $26 billion for loss-making LinkedIn in 2016, and Facebook paid $19 billion for WhatsApp in 2014 when it had no revenues or profits. This becomes clear when you look at a company’s two most important financial statements: the balance sheet and the income statement.

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As European Banks Retreat from the World Stage, China Is Stepping Up

Harvard Business

China’s four largest banks have quadrupled the share of foreign assets on their balance sheets since 2007 to $1 trillion—that make gives them larger foreign portfolios than German or Italian banks. But developing economies are rising up the rankings. China has risen from 16th place in 2005 to 8th in 2015.

Banking 28
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Is Mario Draghi a Bare-Assed Emperor With No Clothes?

MishTalk

But he added that fresh declines in oil prices suggest that the annual rate of inflation in 2016 is likely to be “significantly” below forecasts released last month. We will confirm our determination to continue to comply with our mandate even in face of adverse developments.” His final comment of the hour-long conference? “We

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How Companies Can Use Investors to Their Advantage

Harvard Business

By 2016, the rise of smart phones seemed to have made the company less relevant: Its revenues were at almost the same level they had been a full decade earlier. Yet investors can be a powerful strategic resource, providing not only capital but also less-biased insight into the threats and opportunities that a company encounters.

Company 38
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Laughable Eurozone Banking "Non-Union"; Expect Disorderly Breakup

MishTalk

Throughout the talks, Germany and other rich euro-zone countries such as Finland made clear that they didn''t want their taxpayers to pay for problems that had developed in other countries'' banks in the past. Its resolution system will only be up and running from 2016. How does this relate to the ECB-led bank health check?

Banking 62
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Google Chrome Approaching World Domination?

MishTalk

The trouble is, that policy doesn''t take effect until January 2016. Meanwhile, Internet Explorer is still despised by developers, who rightfully resent having to build in hacks for all those old but still supported versions. It hasn''t been a great year for Mozilla.

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Midsize Cities Are Entrepreneurship’s Real Test

Harvard Business

Scaling Up Manizales ( Manizales-Más in Spanish), an economic development coalition of local institutions and the Babson Entrepreneurship Ecosystem Platform (BEEP), which I created and lead, was launched in 2012 with the ambitious aim of revolutionizing the pursuit of opportunity. strategic hires).