Yahoo
According to reports, Verizon (NYSE:VZ) has emerged as the main bidder in the Yahoo(NASDAQ:YHOO) sweepstakes, earning exclusive negotiation rights with the web company after bidding approximately $5 billion for Yahoo’s core internet business.
Remember, Verizon has been aggressive in the content business before, buying up properties like AOL. By controlling both, Verizon suddenly becomes a big player in the internet marketing space.
Rich Jeff Bezos
Amazon.com (NASDAQ:AMZN) had a relatively benign week by its standards, rising a less than 3%. But it was a good week for Amazon CEO and largest shareholder, Jeff Bezos.
According to the Bloomberg Billionaires Index, Bezos officially passed Warren Buffett to become the world’s third-richest man. Bezos’ net worth climbed to $65.1 billion U.S. while Buffett’s fell to $65.0 billion on weakness in Berkshire Hathaway shares.
Both are still well behind Bill Gates, who remains the richest man in the world with a net worth of $89 billion U.S.
Pokemon Go
Pokemon Go continues to be a huge craze, with the popular smartphone app approaching 25 million daily active users in the United States alone. The game became officially able to download this week in other countries like Canada and Japan.
It hasn’t been such good news for Nintendo (OTC:NTDOY) shares, however. After initially surging on news of the app’s popularity, shares have since done poorly. After peaking at $38 U.S. each on Monday, shares now trade hands for just over $28 U.S., a decline of more than 25%.
