| Bezos sells more than $3 billion of Amazon shares
According to a report filed with the SEC, the eCommerce giant’s CEO has offloaded more than $3 billion worth of shares in his company this week. With this cash-out, Bezos has sold more than $10.2 billion in 2020, which is more than double what he sold in 2019 at $2.8 billion worth of shares. Even with this latest sale, Bezos still owns more than 53 million Amazon shares worth roughly $170 billion. In the past, Bezos has claimed that he sells roughly $1 billion in Amazon stock per year to fund his rocket start-up, Blue Origin. Back in February, Bezos also pledged $10 billion to his Earth Fund, which focuses on combatting the effects of climate change. The recipients of that fund have not yet been named. Department of Justice files antitrust lawsuit against Visa’s acquisition of Plaid The US Department of Justice has filed a lawsuit to block Visa’s $5.3 billion acquisition of fintech startup Plaid. The DOJ alleges that the acquisition would limit competition within the payments industry. “By acquiring Plaid, Visa would eliminate a nascent competitive threat that would likely result in substantial savings and more innovative online debit services for merchants and consumers,” the Justice Department said in the complaint filed in a Northern California federal court. Plaid is a fintech startup that utilizes APIs to connect consumer bank accounts to finance apps such as Venmo or Robinhood. According to the complaint filed by the DOJ, Plaid has been developing a product that could replace Visa’s debit services. “This action reflects a lack of understanding of Plaid’s business and the highly competitive payments landscape in which Visa operates,” Visa released in a statement. WordPress 5.6 may break websites WordPress version 5.6 coming in December 2020 might have similar issues to 5.5 which rolled out in August of this year. According to WordPress developers behind the jQuery Migrate Plugin, the plugin will become “useless” when 5.6 rolls out, and anyone depending on the plugin will experience the same site issues that occurred with 5.5. WordPress 5.5 aimed to modernize WordPress by forcing the WordPress ecosystem to update code and use the latest version of jQuery. This caused millions of websites to break and some owners were left unable to access their sites. To fix that jQuery issue, WordPress released a jQuery Migrate plugin which resolved things, but with the introduction of 5.6, the same problem may happen all over again. If you are using the Enable jQuery Migrate plugin, check your WordPress admin panel to see if you have any error issues when WordPress updates to version 5.6. Bitcoin price soars past $15,000 The world’s most well-known cryptocurrency has been on a run in 2020, trading at almost double its value year-to-date. On Thursday, Bitcoin reached over $15,000, hitting a level it has not seen since January of 2018. The rise in price can be attributed to the unprecedented stimulus from global governments and central banks during the COVID-19 pandemic. Some industry insiders speculate that this has made the virtual currency more attractive than currencies such as the dollar. “Bitcoin’s creation was in part due to fears that increased fiscal stimulus is devaluing currencies globally,” explains Simon Peters, cryptoasset analyst at investment platform eToro. “As a result, when central banks announce extensive plans to pump money into economies, many investors in the crypto-community take this as a major bitcoin buy signal.” |
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Eight Can’t-Miss SaaS Growth Tactics from Eric Siu of SingleGrain
Now is the perfect time to rethink your company’s growth marketing strategy. As technology keeps advancing at a rapid pace, so do marketing methods and approaches. What’s new in 2020 is a major shift to making marketing human again. Chatbots are being replaced by machine learning, and overseas call centers are being swapped for in-country college-educated support reps. . .CLICK HERE TO CONTINUE READING
| New Business For Sale
For sale is a well-established affiliate business in the education and college exam preparation niche. The business has built up an authoritative position within the niche as the business’ two sites have become a go-to resource for information on college exam preparation courses. The business presents a great opportunity for a new owner looking to take over two strong affiliate sites in an evergreen niche with simple operations. Some key highlights:
Request a prospectus from the link above to learn more. |
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OTHER NEW LISTINGS
Affiliate/Display Advertising – Outdoor Guides and Equipment Resource – $18.1K Gross/Mo
- Ranks for 51,000 keywords and has secured 2,000 backlinks
- 70 well researched and in-depth articles with an opportunity to re-purpose content into a revenue-generating digital product
- Strong traffic statistics with over 2.1M page views and c.1.1M visitors over the LTM
- Successfully diversified affiliate partners after recent Amazon commission cuts
Yearly net profit: $202,000
Asking price: $586,500
Affiliate/Display Advertising – WordPress Tutorial Videos – $8.9K Gross/Mo
- Strong brand firmly positioned in the WordPress niche
- Steady viewership with c.538,000 views over the L12M
- Vast content library with over 200 in-depth and educational videos covering a diverse range of WordPress related topics
- Impressive repeat viewership with c.8,500 subscribers on the YouTube channel
- Lean operating model with high net margins
Yearly net profit: $107,000
Asking price: $150,000
SOLD BUSINESSES
Until next week!
The FE International Team