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The Capitalist Newsletter – January 11, 2017

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UBER RELEASES RIDER DATA; CAN HELP CITIES ANALYZE TRAFFIC DATA… WHAT’S IN IT FOR UBER?

Uber Technologies has fought cities around the globe over ridesharing legalities. CEO Travis Kalanick has often gone with the “ask forgiveness, not permission” strategy for his company, preferring to launch operations first and then deal with whether or not ridesharing is allowed in the city. The company fought with regulators around the world to keep its ridership data private. Yet now the ridesharing giant is working with cities by providing ridership data – for free. Why the sudden change of heart? Does Uber see a bigger picture play here?

Read The Capitalist’s Take Here

Read More at Wall Street Journal

Read More at Siliconbeat


MARISSA MAYER TO LEAVE YAHOO FOLLOWING VERIZON TAKEOVER; ENTITY TO CHANGE NAME

Yahoo Inc. disclosed Monday afternoon that the entity that remains after its merger with Verizon Inc. will be called “Altaba,” and current Chief Executive Marissa Mayer will not be on the board. In a filing with the Securities and Exchange Commission, Yahoo said that the new company — which consists of Yahoo’s remaining investment in Alibaba Group Holding Ltd. and Yahoo Japan, as well as cash and a few other assets — will only need five board members, and Mayer as well as Yahoo cofounder David Filo will not be among them.

Read More at MarketWatch Here

Read More at USA Today Here

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Read More at NBC News Here


GOOGLE SAID TO BE IN TALKS TO SEE SATELLITE IMAGING COMPANY IT JUST PURCHASED FOR $500M

Alphabet Inc. is in talks to sell the Skybox Imaging satellite business it acquired for $500 million less than three years ago, another sign the technology giant is ratcheting back grand ambitions to blanket the globe with internet service. Planet, a satellite imaging startup former known as Planet Labs, may acquire Skybox, according to people familiar with the situation. Some employees from the Alphabet division, renamed Terra Bella last year, would move to Planet as part of the deal, while others may get different positions at Google, according to these people. They asked not to be identified because the transaction is private….

Read More at Bloomberg Here

Read More at SpaceNews Here

Read More at MarketWatch Here


Closing Bell

– Tuesday, January 10th

Markets Finish Mixed as Nasdaq Continues Push Upwards

Big Insider Trades

– Eversource Energy (ES) Chairman of the Board Thomas May Sells $2.2m

-Dell Technologies, Inc. (DVMT) CEO Michael Dell Buys $7m

Winners & Losers

– Signal Genetics, Inc. (SGNL) Soars UP (264.93%) After Setting Date for Special Meeting of Stockholders to Vote on Proposed Merger

– NanoString Technologies, Inc. (NSTG) Slips DOWN (21.75%) After Providing Preliminary Operational and Financial Results for 2016

The TIP Sheets

– Tuesday, January 10th

– GenVec, Inc. (GNVC) Rockets UP (76.86%) Following Option Deal with Washington University in St.Louis. The Deal is to License Intellectual Property and Technology Related to Gene Editing, and Expands Applications for Company’s Gene-Delivery Platform. Expect Shares to Continue UP

Unusual Volume

– The Williams Companies, Inc. (WMB) Falls DOWN (10.74%) on 105.5m Shares Traded After Announcing Major Financial Repositioning, Along with a Dividend Hike. Look for Shares to Bounce Back UP

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