Wealthfront, the Silicon Valley’s premier automated investing service, recently announced its decision to lower the minimum initial deposit requirement from $5,000 to $500, thereby giving younger individuals the ability to invest in an incredible product. For those unfamiliar with Wealthfront, it is a “robo-advisor” service that automatically allocates deposits into a diversified ETF (Exchange-Traded Fund) portfolio.
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Reddit's Rebellion Against Pao
The Internet's most popular online community, Reddit, is currently spiraling out of control. After the recent firing of Victoria Taylor, one of its most prominent employees who was responsible for favorable website features, many different subreddit (sections of the site) managers have disabled user access to popular content. These actions represent an online protest meant to drastically reduce website traffic.
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Uber Beats Facebook To $50B Valuation
In the world of venture capitalism, funding comparisons are often drawn between startups and more “mature," publically traded companies. Interestingly enough, in one of the most prevalent comparisons, Facebook (FB), which is possibly the most controversial startup to date, now represents the standard for “old” tech companies.
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Marshawn Lynch Stars In Black Ops
The most popular video game franchise of late, Call of Duty, will release its newest addition, entitled Black Ops III, later this year. For those who don’t know about Call of Duty, I pity you. It is one of only 15 video game franchises that has sold 100+ million copies. This places Call of Duty among the ranks of the Mario, Super Mario, and Pokémon video game franchises.
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Taylor Swift & Apple Have Bad Blood
Money talks; people listen. Absolute power corrupts absolutely. These are undisputed facts. However, after pursuing profits over equality, the world's richest and most powerful company has reversed its business strategy. After facing widespread backlash from musicians, in addition to a written critique by pop star Taylor Swift, Apple (AAPL) announced it will pay recording artists during Apple Music's 3-month free trial period.
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Diageo, An Unknown Goldmine
Yesterday I offered an analysis and prospectus of adult beverage conglomerate Brown-Forman (BF-B), one of the largest alcohol distributors in the world; it is also one of our meticulously selected growth stocks. Today I will focus on its bitter rival, Diageo (DEO). Just as Coca Cola (KO) competes with PepsiCo (PEP), and McDonald's (MCD) battles Burger King, Diageo is conducting all out war with Brown-Forman.
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Who Actually Owns Jack Daniels?
Simply put, everyone has a favorite drink. Combinations of tequila, whiskey, rum, gin, and bourbon make for fun and (un)forgettable nights. Whether you're a fan of cheap, fruit flavored vodka, or you prefer exquisitely aged cognac, few people actually know about the companies behind their favorite alcohol brands.
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