Tag Archives: West

Kanye West Gives Kim Kardashian West Hundreds of Thousands of Dollars Worth of Stock in Five Major Companies
December 27, 2017 6:00 pm|Comments (0)

Kim Kardashian West revealed what husband Kanye West gave her this Christmas: Hundreds of thousands of dollars worth of stock in major companies including Disney, Apple, and Amazon. In an Instagram story—visible to her 105 million followers—shared on Tuesday, the reality TV star and entrepreneur shared how Kanye delivered the stock-ing stuffer.

“So for one of my Christmas presents from Kanye, he gives me this little box with a Disney Mickey toy, Apple headphones, Netflix [and] Amazon gift cards and Adidas socks,” Kardashian says, as her camera pans over the box of gifts. “And I’m like ‘that’s so sweet, thanks!’”

“But then, I open the next box and it is stock to Amazon, where he got the gift cards, stock to Netflix, stock to Apple—hence the little headphones—Adidas stock and Disney stock,” she says in the next installment, revealing stock certificates for the five companies. Kardashian wrote “best husband alert!” as the caption.

While most of the certificates are hidden from the camera, viewers of the Instagram story can see that Kim was gifted 920 Disney (dis) shares, which the certificate says are valued at around $ 100,000. The Instagram story also shows that she was given 995 Adidas (addyy) shares, which would also have a total value of around $ 100,000 at current prices.

Several of these companies saw their stocks soar and crush the broader stock market in 2017. Netflix (nflx) was up 51%, Apple (aapl) 47%, and Amazon (amzn) 57% year-to-date, according to CNBC.

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U.S. entrepreneur bets on new Silicon Valley in west France
December 6, 2017 12:28 pm|Comments (0)

PARIS (Reuters) – When Rob Spiro left San Francisco to settle in France with his wife and kid in 2016, the family chose a mid-sized city on France’s west coast over Paris’ burgeoning start-up scene.

Rob Spiro, American entrepreneur and Director of Imagination Machine, poses in Nantes, France, November 30, 2017. REUTERS/Stephane Mahe

At 32, the Yale-educated entrepreneur and former Google product manager had already co-founded two start-ups, including one sold to Google for $ 50 million in 2010.

In Nantes, France’s sixth largest city, known for its mediaeval castle and whimsical mechanical creatures, he sees the potential for a smaller version of America’s Silicon Valley, home to tech giants Apple, Facebook and Google.

Quality of life, not money, is the key, he says.

“What everybody in Nantes sees and experiences is that there are thousands of people who move here from Paris,” he said at his start-up accelerator, Imagination Machine.

“They’re looking for a better quality of life, but they want to remain in a city that is active and dynamic.”

His “incubator”, financially backed by the region’s biggest companies, opened its doors in June to support the launch of selected start-ups with seed funding and mentoring.

Nantes itself is part of the promotional picture. The city was ranked second after Bordeaux among cities where Parisian executives would wish to move, according to an August poll for recruiting website Cadremploi.fr.

“Here’s the strategy to become the next Silicon Valley: become a place where people, especially young people, want to live,” Spiro said.

With venture capital investments reaching new records in Europe, the competition to lure new tech companies goes beyond the three usual metropolises – London, Paris, Berlin – and now includes smaller cities that bet on their own mix of schools, research centers, investors and culture to lure hotshots.

RECORD INVESTMENTS

Gregoire Monconduit, Atelier Rosemmod CEO, poses in Nantes, France, November 30, 2017. REUTERS/Stephane Mahe

Venture capital firms invested 8.7 billion euros ($ 10.3 billion) in European tech companies in the first half of 2017, up 21 percent from the year before, according to Dealroom. Such investments jumped 18 percent to 1.3 billion over the same period in France, putting it third after Britain and Germany.

The trend is now gaining further momentum, driven by high expectations for business-friendly policies under new President Emmanuel Macron and the uncertainties caused by the British vote to leave the European Union.

Nantes-based iAdvize has benefited from the boom. The company, which offers a marketing platform connecting customers to experts, closed a 32-million-euro fundraising in October.

It is one of the prime examples of Nantes’ success in the tech field, along with Akeneo, which makes software for retailers, and Lengow, which does the same for e-commerce sites.

Slideshow (2 Images)

French venture capital fund Alven has shares in all three.

Part of Spiro’s plan for boosting Nantes’ profile is inviting former U.S. colleagues to come and check it out. Julian Nachtigal, who worked as head of Spiro’s second start-up, signed up for the “French tech visa” available since January.

“I never imagined it would be so easy to get a four-year residential visa to the EU,” Nachtigal said, comparing Europe favorably to the U.S. approach under President Donald Trump.

“There’s a growing trend of people leaving Silicon Valley to live elsewhere,” he added, citing the high cost of living.

Within France, too, a similar trend can be seen. Gregoire Monconduit, co-founder of Atelier Rosemood, an online maker of personalized birth announcements and wedding invitations, chose to move to Nantes years ago from Paris.

“We hesitated between three cities: Lyon, Aix and Nantes,” he said. “We thought we’d be out of Paris for three years, it’s been six years already and it’s the best decision we made.”

A long road lies ahead, however, if Nantes is to catch up with Paris, where a 34,000-square-metre megacampus for start-ups, called Station F, opened in June.

The Parisian region drew three quarters of all venture capital investments in the first half of this year, according to accounting firm EY. The region that includes Nantes got less than 3 percent of the total.

Editing by Luke Baker and Gareth Jones

Our Standards:The Thomson Reuters Trust Principles.

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Watson Goes West As IBM Courts Next Tech Hotshots
February 26, 2016 8:55 pm|Comments (0)

Hoping to capture business from fast-growing Bay Area firms such as Uber and Tesla, IBM Thursday will announce plans to open a center in San Francisco dedicated to its Watson artificial-intelligence-driven computing service.


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AI Supercomputer Watson Goes West As IBM Courts Tech Hotshots
February 23, 2016 12:15 am|Comments (0)

Hoping to capture business from fast-growing Bay Area firms such as Uber and Tesla, IBM Thursday will announce plans to open a center in San Francisco dedicated to its Watson artificial-intelligence-driven computing service.


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AI Supercompuer Watson Goes West As IBM Courts Tech Hotshots
February 15, 2016 7:00 am|Comments (0)

IBM has suffered 13 straight quarters of revenue declines as a push into services and cloud computing has failed to offset accelerating declines in …


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