After write-offs, an impairment charge, and thousands of job cuts, can Microsoft recoup any value from its $7.2 billion Nokia acquisition? Let the debate begin.
Less than a year and a half ago, the ecommerce company raised $150 million at a $1 billion valuation. Today, the company is reportedly on the block for $15 million.
Tony Hsieh, a cult-like figure and the CEO of Zappos, is reportedly stepping down as leader of his $350 million project to transform Downtown Las Vegas into a city built entirely for entrepreneurs.
The announcement, which could arrive as soon as this week, comes as the company seeks to integrate roughly 30,000 new employees on the heels of its Nokia acquisition.
After a report surfaced that the struggling ecommerce site is starting to close down, CEO and co-founder Jason Goldberg took to Twitter to deny the claims.