Skip to main content

Posts

Showing posts with the label Wall

Designers create Ikea instructions for Trump's $20 billion border wall

The Pastillon's fake ad for a "Börder WÃ¥ll."The Pastillon Assembling an Ikea bookshelf may be difficult, but designers from the satirical site  The   Pastill on  have envisioned Ikea instructions for a project that looks truly back-breaking: Trump's border wall. They created  a tongue-in-cheek ad  for a "Börder WÃ¥ll," making fun of Trump's real-life proposal. Less than a week after Inauguration Day, Trump  reiterated  his plans on Twitter to build a 1,900-milelong wall along the US-Mexico border. Construction could cost American taxpayers an estimated  $15 billion to $25 billion , though Trump says Mexico would eventually  pay for the wall  through taxes or trade. Maintenance and hiring 21,000 border-patrol agents could cost an additional $2.1 billion a year, according to CNBC and  an analysis  by Politico. From that perspective, the designers are offering their fake flat-pack wall for a barga...

How Imran Khan swapped Wall Street for a huge role at Snapchat and earned $150 million in 2 years

Dave Kotinsky/Getty Images When Snapchat parent company Snap Inc. goes public next month, its sale will prove a windfall for a handful of executives who helped grow the company from a tiny startup to a $25 billion juggernaut in five years. That includes one unlikely addition: chief strategy officer Imran Khan. Khan, only at Snap for about two years, has been granted $145 million worth of shares, the company said in a filing on February 2. Those shares will likely be worth a lot more at the IPO price.  And  he was paid a $5 million bonus last year. Not bad for a guy who, not long ago, was working for "some bucket research shop." That's how one Wall Streeter described Khan's early career. (He did indeed work at a small company, called Fulcrum Global Partners, until about 2004; it  shut its doors in 2006.) Khan, 39, joined Snap in early 2015, in part to help chart the company's path to an initial public offering, though his official role has been to build up rev...

A famous Serbian inventor's 'impenetrable' border wall idea has a surprising connection to President Trump

Building an impenetrable wall along the US-Mexican border, ostensibly to keep out foreigners , is a key item on President Donald Trump's campaign-promise checklist. "I will build a great, great wall on our southern border, and I will  have Mexico pay  for that wall. Mark my words," Trump said during a campaign rally on June 16, 2015. The president moved toward fulfilling that promise on Wednesday, January 25, 2017, when he signed a  new executive order aimed at doing just that. The order tasks the secretary of the Department of Homeland Security, a role currently filled by John Kelly, to "immediately plan, design, and construct a physical wall along the southern border, using appropriate materials and technology to most effectively achieve complete operational control[.]" If Secretary Kelly is seeking technological inspiration for the  design of Trump's wall , however, we hope he doesn't go rifling through the FBI's recently released dossier on...

Facebook eases past Wall Street estimates, sees spending up in 2017

6Facebook Inc cruised past Wall Street's earnings and revenue expectations on Wednesday with strong growth in its mobile ad business, demonstrating that controversy over so-called "fake news" and inaccurate advertising measurements had little impact on its financial performance. With quarterly profit of $3.57 billion, more than double the $1.56 billion it reported a year ago, the company showed no signs of slowdown in growth. The results handily beat analysts' expectations, and shares ticked up about 0.2 percent in after-hours trading. The company had warned in November that ad growth would likely slow "meaningfully" due to limits on ad load - the total number of ads Facebook can show to each user. But there was little sign of that in the fourth quarter as total revenue soared to $8.81 billion from $5.84 billion a year ago. "I think the rate of growth will decline, but it will remain very high," said analyst Michael Pachter of Wedbush Securities...

Facebook eases past Wall Street estimates, sees spending up in 2017

Facebook Inc cruised past Wall Street's earnings and revenue expectations on Wednesday with strong growth in its mobile ad business, demonstrating that controversy over so-called "fake news" and inaccurate advertising measurements had little impact on its financial performance. With quarterly profit of $3.57 billion, more than double the $1.56 billion it reported a year ago, the company showed no signs of slowdown in growth. The results handily beat analysts' expectations, and shares ticked up about 0.2 percent in after-hours trading. The company had warned in November that ad growth would likely slow "meaningfully" due to limits on ad load - the total number of ads Facebook can show to each user. But there was little sign of that in the fourth quarter as total revenue soared to $8.81 billion from $5.84 billion a year ago. "I think the rate of growth will decline, but it will remain very high," said analyst Michael Pachter of Wedbush Securities....