• Russian Hacking, Chinese Fiscal Policy, eBay to eSports: CEO Daily for July 24, 2018

    2 monthes ago - By Fortune

    Good morning. David here again, filling in for Alan.
    Google may have to pay a $5 billion antitrust fine in Europe over its anticompetitive Android practices, but Alphabet's investors are in no mood to punish the company. After Alphabet beat analyst estimates for second-quarter revenues ($26.24 billion rather than $25.55 billion,) its shares popped by as much as 6.1%.
    The key here is that Google's ad business is growing, largely thanks to mobile, and that the company is spending less money on so-called traffic acquisition -i.e. getting people to use its search services-and therefore enjoys...
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  • Former eBay and HP CEO Meg Whitman Is Betting Big on the Future of eSports

    2 monthes ago - By Fortune

    Meg Whitman, the former head of eBay and Hewlett-Packard, has decided that there's a big future for eSports.
    Whitman, who is also CEO of media investment firm WndrCo, has invested in and joined the board of Immortals, the competitive videogame organization that fields teams in games such as Rainbow Six Siege and Arena of Valor. According to a Wall Street Journal article, Whitman's investment has no public figure on it, but it values Immortals at over $100 million.
    The eSports industry is growing fast, to the point where some have floated the idea of the genre's inclusion in the Olympic...
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