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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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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Uber Valuation To Surpass Facebook
The popular ride-sharing application Uber is looking to raise another $2 billion in private funding. According to reports, this would value the startup at $50 billion. If Uber can obtain these funds, it would make Uber the highest-valued private startup of all time. The only other privately owned startup to achieve such a high valuation before issuing an IPO was Facebook (FB), and it is now valued at $226 billion.
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LSU Chooses Amenities Over Education
One of the South’s most popular universities, and a flagship public college, Louisiana State University, is currently facing a $55.5 million state funding cut; not only will LSU need to restructure its annual budget, but the regents will also need to prepare for a devastating alternative: bankruptcy. That’s right, LSU is now mulling the possibility of entering into bankruptcy proceedings.
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