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Published: Mar 09 , 2017
Author: Stephen White

In the world of internet start-ups and disruptive technology the valuations placed on popular new entrants into a market continue to be completely out of whack with their profitability, as they were in the dot.com boom and bust 20 years ago. Companies with a market valuation of $1 billion or more, known as tech unicorns, include Snap Inc. the owners of Snapchat, Airbnb, and Uber. Snapchat is currently valued at between $25-35 billion. But it has never made a profit and its net worth, assets less liabilities, is only $1.5 billion. Airbnb has a market value of around $30 billion, about $7 billion more than physical competitor Hilton, but turned in its first profit only in the second half of 2016. And Uber, currently valued at between $60 -70 billion, made a $3 billion loss last year according to Bloomberg

Published: Mar 02 , 2017
Author: Stephen White

Earlier this week with friends in Venice for the end of Carnevale. Thousands of people milling around St Mark’s Square watching the processions. Hundreds of human mannequins dressed up in renaissance costumes, wearing outrageous face masks, and posing for the photographers and the tourists. The hotels and restaurants bursting, the gondoliers fully employed, even at €80 for 30 minutes. There is a real buzz in the city, and the unseasonal warm weather and blue sky was the cherry on the cake. We couldn't stop smiling. Carnevale is an experience which should be on everyone’s bucket list.

Published: Feb 16 , 2017
Author: Robin Copland

I have been an interested (though fortunately not involved) bystander watching the protracted negotiations between Southern Rail, the train operating company (TOC) that runs the services for a large part of “commuter-land” in the south of England and the trade unions representing the train drivers and guards. This is simplistic, but if you live to the south of London and commute into the city to work, then the chances are that you use a Southern Rail train to do so. No Southern Rail trains? Chaos. Simple as that

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In the world of internet start-ups and disruptive technology the valuations placed on popular new entrants into a market continue to be completely out of whack with their profitability, as they were in the dot.com boom and bust 20 years ago. Companies with a market valuation of $1 billion or more, known as tech unicorns, include Snap Inc. the owners of Snapchat, Airbnb, and Uber. Snapchat is currently valued at between $25-35 billion. But it has never made a profit and its net worth, assets less liabilities, is only $1.5 billion. Airbnb has a market value of around $30 billion, about $7 billion more than physical competitor Hilton, but turned in its first profit only in the second half of 2016. And Uber, currently valued at between $60 -70 billion, made a $3 billion loss last year according to Bloomberg

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