Airbnb is the online marketplace for rentals and users can list their properties for rent for vacations and short stays. The company began in the year 2008 and headquartered in San Francisco. Airbnb along with Uber are the pioneers of “sharing economy”. Sharing economy is a relatively new term in the commerce; these companies rely…
Apple has reached its first annual sales fall since 2001, it was the year when it launched iPod and since then has not looked back. The yearly sales fell to $216 billion in the fiscal year of 2016 from $234 billion in the year 2015. This fall is due to the declining sale of iPhone. According…
Starting a new business in New Zealand will cost lesser than a day. In Venezuela, it will take 230 days. The World Bank has labeled New Zealand as the easiest country on the earth to do business owing to this measure. For the first time New Zealand has reached the top rank in this rankings….
As per the information provided by Hyundai Motor Group, about 1,000 of its executives will take a 10 % pay cut, the first such move in seven years. The pay cuts have affected executives at 51 group companies, a spokeswoman of Hyundai Motor Co said. She further informed that these cuts are voluntary and are…
Earlier this month, Twitter hired bankers to explore selling opportunities. Companies like Salesforce.com, Walt Disney and Alphabet’s Google looked at Twitter but ultimately decided not to buy it. According to SunTrust analyst Robert Peck, if Twitter cut 10 % of its workforce it could save about $100 million a year. But the layoffs could hurt…
