Jack Ma, China’s Richest Man, Steps Down From $460 Billion Alibaba Empire

His farewell party is taking place in an 80,000-seat stadium. September 10, 2019 4 min read This story originally appeared on Business Insider Jack Ma, the flamboyant tech personality and the richest man in China, is leaving his $460 billion Alibaba empire 20 years after founding the company. Ma is stepping down as the chairman of Alibaba Group on Tuesday, his 55th birthday, as part of a long-planned succession scheme. Alibaba Group is the world’s largest e-commerce group, with more than triple the total reported sales of Amazon for 2018. A former English teacher, Ma founded the company with 17 others in a small apartment in 1999. It began as a company that sold Chinese goods around the world but shifted its focus to the domestic Chinese market as the country’s economy boomed. It later expanded into online banking, artificial intelligence and entertainment. The company’s 2014 initial public offering remains the biggest in history, […]

Read more

Former Starbucks CEO Howard Schultz Says He’s Considering a 2020 Run ‘to Restore Dignity and Honor Back in the Oval Office’

He isn’t worried about people’s criticism that his potential run could inadvertently help President Donald Trump win re-election. January 28, 2019 4 min read This story originally appeared on Business Insider Howard Schultz, the former Starbucks CEO considering a run for president as an independent candidate, said he is “unfazed” by criticism that his bid may actually help President Donald Trump get re-elected. Democratic presidential candidates and Trump critics hit out at Schultz on Twitter after he announced on Sunday that he was “seriously considering” running for office as an independent. They expressed concern that Schultz could split the anti-Trump vote if he runs as an independent and therefore help Trump get re-elected. Kevin M. Kruse, a history professor at Princeton University, replied to Schultz’s announcement by saying: “I’m an American political historian and I can assure you that the only thing you’ll accomplish by running for president as a centrist independent is helping […]

Read more

500 Million Marriott Customers Have Had Their Data Hacked

Affected hotels include W, Sheraton and Westin. November 30, 2018 2 min read This story originally appeared on Business Insider Marriott has announced a massive breach of data belonging to 500 million guests who stayed at hotel brands including W, Sheraton and Westin. Marriott announced on Friday that it had “taken measures to investigate and address a data security incident” that stemmed from its Starwood guest authorization database. The company said it believes that around 500 million people’s information was accessed, including an unspecified number who had their credit card details taken. Related: Is My Data Really Safe? Your Questions About Cloud-Based Storage, Answered. Marriott said the unauthorized access has been going on since 2014, and that the breach affects customers who made bookings on or before September 10, 2018. Marriott said that this credit card information was encrypted, but that it is possible that the hackers also took the information necessary to decrypt […]

Read more