Goldman Sachs released its quarterly results last week over Twitter, abandoning the news distribution services it had used since becoming a public company in 1999. It’s welcome news for Twitter, which could use the boost, but not for Businesswire and PRNewswire, the two giants in the news services industry. Silence from the SEC suggests more […]
The first earnings announcement for a newly public company is often traumatic. Just ask Dick Costolo and the team at Twitter, which saw the company’s shares plummet 20% after announcing results yesterday. A glorious IPO a few months ago made being a public company seem so easy. Now what?
It is hard to recall a more dramatic week than the one just seen in Boston. And for the media, which reported the story and at times became the story, the episode shows how its world has changed forever.
You have to feel some sympathy for UK finance minister George Osborne. Not only is he dealing with a stubbornly weak economy, but his top-secret annual budget presentation to Parliament was spoiled by an errant tweet. The incident was widely covered and featured plenty of hand-wringing and finger-pointing. But it’s amazing this sort of blunder […]
Aetna CEO Mark Bertolini recently was drawn into a public argument about health insurance when Arijit Guha, a 31-year-old cancer patient, challenged the company over its refusal to pay his medical bills once he reached his plan’s coverage limit. Guha’s campaign went viral, and Bertolini ultimately agreed to cover the bills. To most observers, Bertolini […]