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Investment / Twitter’s Major Investors by Phamo2006: 1:19pm On Oct 09, 2013
Twitter finally released its official IPO filing, revealing who its major shareholders are–and giving some idea of how much those stakes are worth.

Ev Williams’s 12% stake is extremely lucrative on paper. Getty Images
One big winner: Co-founder Evan Williams, whose 12% stake makes him a billionaire–at least on paper. The shares held by Twitter’s co-founder and largest shareholder are worth about $1.08 billion, according to the $9 billion valuation the company reportedly attained in private sales of its stock.
Co-founder Jack Dorsey’s 4.9% stake comes to about $450 million.
Major venture capital shareholders include the investment duo of Spark Capital and Union Square Ventures, who already scored a big win this year when Yahoo bought blogging service Tumblr for $1.1 billion.
The two firms are listed in the filing among the six investors who hold stakes of 5% or more. The others are venture firm Benchmark Capital and two later investors, private equity firms DST Global and Rizvi Traverse.
Twitter has yet to put a price on its offering, but at the $9 billion valuation, a 5% stake would be worth $450 million–the same size as the venture fund Spark closed earlier this year.
Benchmark’s 6.7% stake is the only one specifically listed because one of its partners, Peter Fenton, is a Twitter director. That stake includes some stock he holds personally. The value of that stake would be about $603 million.
Continue reading here: [http://global-updates..com/2013/10/check-out-twitters-major-investors.html]
Phones / New Htc’s Phone To Have Fingerprint Sensor by Phamo2006: 12:55pm On Oct 09, 2013
Another smartphone with a fingerprint sensor is just a week away from launch.

HTC Corp. is set to unveil the HTC One Max, which will have a fingerprint sensor among other features, on Oct. 15, two people familiar with the matter said.
That will put a new smartphone with a fingerprint scanner on the market alongside Apple Inc.’s iPhone 5S.
The HTC One Max will be based on Google Inc.’s Android operating system. But it’s unclear what kind of applications its fingerprint sensor will have, or whether it could be used to authorize app purchases or other transactions as with the iPhone 5S.
While fingerprint sensors seem poised to become a growing trend, analysts say they are still limited in their usefulness for now. They have already been a feature in laptops for more than a decade–with Toshiba Corp. unveiling a fingerprint reader in 2000–but have never gained widespread use. The first smartphone equipped with a fingerprint sensor, Motorola’s Android-based Atrix that was launched in 2011, also failed to develop a following because of glitches in the feature.

Continue reading here: [http://global-updates..com/2013/10/htcs-new-phone-to-come-with-fingerprint.html]
Investment / Folorunsho Alakija Unseats Oprah Winfrey As The Richest Black Woman In The World by Phamo2006: 11:36am On Oct 09, 2013
Mother-of-four, Folorunsho Alakija, 62, started her career as a secretary in a bank then studied fashion and launched a label but her big break was oil.

In 1993, her company, Famfa Oil, was awarded an oil prospecting license, which later became OML 127, one of Nigeria's most prolific oil blocks.

The company owns a 60 per cent stake in the block, valued at around $7.3 billion, Ventures Africa reports.

According to Forbes, Oprah Winfrey is worth $2.9 billion.

Move over Oprah, Nigerian oil tycoon Folorunsho Alakija is now the richest black woman in the world with an estimated fortune of $7.3 billion.

Africa boasts 55 billionaires - far more than previously thought - and they're worth a staggering $143.88 billion in total, according to pan-African magazine Ventures Africa.

Continue reading here: [http://global-updates..com/2013/10/nigerian-oil-tycoon-folorunsho-alakija.html]

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