(Reuters) – As Alibaba prepares for what could be the biggest tech company IPO to date, the Chinese e-commerce giant has been counselling employees on how to deal with the roughly $41 billion they could unlock through a New York listing.
While some staffers have enquired if premium brand BMW sells cars in Alibaba’s corporate orange, others may invest windfall stock gains in property in North America or channel funds back into start-up ventures in China, hoping to build future Alibabas, bankers and financial planners say.
This could be signify the bursting of yet another tech bubble.
The volume of email cloaked in encryption technology is rapidly rising as Google, Yahoo, Facebook and other major Internet companies try to shield their users’ online communications from government spies and other snoops.
Google and other companies are now automatically encrypting all email, but that doesn’t ensure confidentiality unless the recipients’ email provider also adopts the technology.
In an analysis released yesterday, Google Inc. said that about 65 per cent of the messages sent by its Gmail users are encrypted while delivered, meaning the recipient’s email provider also supports the technology.
In a secret 72-hour blitz over the weekend, the FBI, several foreign governments and a host of security firms dismantled what officials say is the most sophisticated operation ever to commandeer private computers and siphon tens of millions of dollars from American bank accounts.
The operation’s alleged Russian ringleader has been indicted on charges of hacking, conspiracy and bank fraud, Justice Department officials said Monday.
(CNN) — Former Microsoft CEO Steve Ballmer has signed a binding agreement to buy the Los Angeles Clippers for $2 billion from the Sterling family trust, a source familiar with the situation told CNN on Thursday night.
The sale, negotiated by Shelly Sterling — co-owner with estranged husband Donald Sterling — will have to be approved at a NBA Board of Governors meeting.
And it still may have to be approved by Donald Sterling, according to earlier comments by his attorney.