Joey Levin, CEO of IAC, discussed the company’s strong results in the second quarter. He said the company’s emphasis on shareholder value led to its success. Levin also spoke about IAC’s recent investments and acquisitions, such as its purchase of Angie’s List or its investment in Lyft. He also discussed IAC’s plans, including its investment in growth companies and expanding the portfolio of businesses. 300m 6b iac q2fordbloomberg
The global auto industry is experiencing a major shift. The popularity of electric vehicles is increasing, and traditional automakers need help adapting. Ford Motor Company is an American icon and one of the oldest automakers. However, it needs to adopt electric vehicles faster. This may soon change. 300m 6b iac q2fordbloomberg
Ford recently announced that it is partnering with Bloomberg New Energy Finance to launch a $300 million venture capital fund to invest in startups creating new technologies for electric cars.
More athletes are as successful in competitive sports than Usain Bolt. The Jamaican sprinter holds the 100-meter- and 200-meter run world records and is the only person to win gold in both events at consecutive Olympic Games. Bolt isn’t just fast on the track, he also has a very impressive bank balance. Bloomberg reports that Bolt has made more than $300 million in his career.