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IT40 Places & Things in the Media for 11/12/2018

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#1 People’s Choice Awards – Home

People's Choice Awards

People's Choice Awards updated their cover photo.

The People’s Choice Awards is the only major awards show voted on entirely by the public for fan favorites in movies, music, television, and pop culture. Read the complete list of winners below.

THE MOVIE OF 2018

Avengers: Infinity War

THE COMEDY MOVIE OF 2018

The Spy Who Dumped Me

THE ACTION MOVIE OF 2018

Avengers: Infinity War

THE DRAMA MOVIE OF 2018

Fifty Shades Freed

THE FAMILY MOVIE OF 2018

Incredibles 2

THE DRAMA MOVIE STAR OF 2018

Jamie Dornan, Fifty Shades Freed

THE MALE MOVIE STAR OF 2018

Chadwick Boseman, Black Panther

THE FEMALE MOVIE STAR OF 2018

Scarlett Johansson, Avengers: Infinity War

THE COMEDY MOVIE STAR OF 2018

Melissa McCarthy, Life of the Party

THE ACTION MOVIE STAR OF 2018

Danai Gurira, Black Panther

THE SHOW OF 2018

Shadowhunters

THE DRAMA SHOW OF 2018

Riverdale

THE COMEDY SHOW OF 2018

Orange Is The New Black

THE REVIVAL SHOW OF 2018​

Dynasty

THE REALITY SHOW OF 2018

Keeping Up with the Kardashians

THE COMPETITION SHOW OF 2018

The Voice

THE MALE TV STAR OF 2018

Harry Shum Jr., Shadowhunters

THE FEMALE TV STAR OF 2018

Katherine McNamara, Shadowhunters

THE DRAMA TV STAR OF 2018

Mariska Hargitay, Law & Order: Special Victims Unit

THE COMEDY TV STAR OF 2018

Jim Parsons, The Big Bang Theory

THE DAYTIME TALK SHOW OF 2018

The Ellen DeGeneres Show

THE NIGHTTIME TALK SHOW OF 2018

The Tonight Show Starring Jimmy Fallon

THE COMPETITION CONTESTANT OF 2018

Maddie Poppe, American Idol

THE REALITY TV STAR OF 2018

Khloe Kardashian, Keeping Up with the Kardashians

THE BINGEWORTHY SHOW OF 2018

Shadowhunters

THE SCI-FI/FANTASY SHOW OF 2018

Wynonna Earp

THE MALE ARTIST OF 2018

Shawn Mendes

THE FEMALE ARTIST OF 2018

Nicki Minaj

THE GROUP OF 2018

BTS

THE SONG OF 2018

BTS: Idol

THE ALBUM OF 2018

Nicki Minaj: Queen

THE COUNTRY ARTIST OF 2018

Blake Shelton

THE LATIN ARTIST OF 2018

CNCO

THE MUSIC VIDEO OF 2018

BTS: Idol

THE CONCERT TOUR OF 2018

Taylor Swift: Reputation

THE SOCIAL STAR OF 2018

Shane Dawson

THE BEAUTY INFLUENCER OF 2018

James Charles

THE SOCIAL CELEBRITY OF 2018

BTS

THE ANIMAL STAR OF 2018

Crusoe the Celebrity Dachshund

THE COMEDY ACT OF 2018

Kevin Hart

THE STYLE STAR OF 2018

Harry Styles

THE GAME CHANGER OF 2018

Serena Williams

THE POP PODCAST OF 2018

Scrubbing In with Becca Tilley & Tanya Rad

THE MOST HYPE WORTHY CANADIAN OF 2018

Tessa Virture & Scott Moir

L’INFLUENCEUR POP CULTURE FRANÇAIS DE 2018

Lufy

HONORARY ICON AWARD RECIPIENTS

THE PEOPLE’S ICON OF 2018

Melissa McCarthy

THE PEOPLE’S CHAMPION OF 2018

Bryan Stevenson, social activist and founder of Equal Justice Initiative

THE FASHION ICON OF 2018

Victoria Beckham

#2 Alibaba.com – Home

Alibaba.com

Alibaba.com updated their cover photo.

Alibaba’s Singles Day sales dwarf Amazon’s biggest day

5

But there’s reason to be skeptical of Alibaba’s reporting

Jack Ma co-founded the e-commerce giant which has popularized the shopping holiday. 
Photo by Lintao Zhang/Getty Images

Alibaba’s 10th annual Singles Day sale, which took place yesterday on 11/11, racked up $30.8 billion in sales and set a new record for the platform, reports CNBC. The figure represents a 27 percent year-on-year rise over 2017’s total of $25.3 billion, and was helped in part by the e-commerce giant’s expansion into in-store retail, combined with China’s large and tech-savvy middle class.

The figure dwarfs the revenue taken during similar major shopping days of US retailers. Amazon’s Prime Day sale in July, the retailer’s biggest day of the year, is estimated to have generated around $4 billion in sales (although Amazon doesn’t report exact numbers), selling 100 million items across the 17 countries. Meanwhile the Black Friday weekend is estimatedto have generated a total of $14.05 billion in online sales for 4,500 US retail websites over the course of four days, with $6.59 billion of those sales taking place as part of Cyber Monday.

Although it’s useful to compare the two, Alibaba is less of a traditional retailer than Amazon. Alibaba is better thought of as a platform for everything from takeout apps to supermarkets and even film production.

There’s also reason to be skeptical of these astronomical numbers. Alibaba’s reporting is based on gross merchandise value (or GMV), which Bloomberg argues is an unreliable metric that doesn’t seem to correlate with revenue. The problem is that there isn’t a standardized way of measuring GMV, allowing one retailer to include orders that were never actually delivered.

Disputes over the validity of GMV matter because of the challenges facing Chinese retailers. The country’s economy is in the midst of a slowdown, and there are worries about the possibility for more government intervention in tech companies. The country’s ongoing trade war with the US is another contributing factor. This year’s sale may have broken records, but with GMV growth slowing to 27 percent year-on-year (down from 39 percent last year), the shopping holiday’s runaway growth might not last.

#4 Qualtrics – Home

Qualtrics

Qualtrics updated their cover photo.

Meet the CEO who once turned down a $500 million offer for his startup — and just sold it for $8 billion

Qualtrics Ryan Smith
Qualtrics CEO Ryan Smith
 Ryan Smith
  • A little over six years ago, Qualtrics CEO Ryan Smith turned down a $500 million acquisition offer for his bootstrapped company.
  • He was betting that he and his two cofounders — who happen to be his father and brother — that they could build their company into something far, far bigger.
  • Over the years, he took venture investment at multi-billion valuations while maintaining a profitable company.
  • On Sunday he sold his company to SAP for $8 billion. While it's impossible to know what his take is, Business Insider estimates that the Smith family could have earned more than $3 billion in this sale.

A little over six years ago, Qualtrics CEO Ryan Smith stared at a $500 million acquisition offer - half a billion dollars! - for his bootstrapped company doing $50 million in revenue...

...and turned it down.

Instead, he decided to gamble he could grow his company far bigger and far more valuable.

Qualtrics was on the verge of what was promising to be one of the biggest, most successful IPOs of 2018. He was scheduled to ring the bell on Wednesday, and his company was on track to be valued at around $5 billion or more when the bell rung.

Instead, on Sunday night, a jubilant Smith, hopped on the phone with Business Insider, along with SAP CEO Bill McDermott, to talk about why he sold his company to SAP for $8 billion in a surprise deal.

"We're here because we want to be. I think the IPO would be every bit as big as this," Smith said.

The deal is expected to close in the first half of 2019.

Qualtrics was on the brink of IPO

Smith was still on the IPO roadshow when he signed the acquisition papers, he said. And Smith wants everyone to know, this was not a fire sale: Investors were crazy about the idea of buying a piece of Qualtrics.

"Our IPO is 13 times oversubscribed already and we hadn't finished the second week," he told us.

Qualtrics was growing at over 50% a year, had generated $289.9 million in revenue in 2017, and it was profitable. Not only was it profitable that year, but it had been cash-flow positive since it was founded.

A fast-growing, profitable cloud startup doing almost $300 million in annual revenue? That's a real unicorn.

Shares were initially priced at a range of $18 to $21, which as the mid-point would have valued the company at $4.8 billion — about twice its last private valuation as a startup. But iinvestors were so hot the company was likely going to raise the price, Smith implied, and still expected get a big pop the first day. It could possibly have ended up being worth something within striking distance to what SAP will pay.

McDermott goes on a charm offensive

All of that means that Smith felt no need to sell to SAP or to any of the other suitors he's had over the years. McDermott had been doggedly working on Smith to sell for months, they said.

"It wasn't one conversation. You know I don't go down that easy," Smith joked. Smith had fended off would-be buyers before, hinting that others who kicked the tires included big cloud companies in Silicon Valley and the Pacific Northwest.

But anyone who has ever met Bill McDermott, the first American CEO of German-based SAP, knows that he can be persuasive, even if it takes some time.

"Trust comes in drops," McDermott said.

The SAP CEO had been impressed with Smith and Qualtrics after an initial lunch together they had some months ago. Qualtrics could give SAP the growth it needs in its cloud business, while giving it a product edge in the cutthroat marketing and sales software worlds, where SAP competes against the likes of Salesforce, Microsoft, and Oracle.

McDermott says he knew he wanted to buy Qualtrics, even as the impending IPO meant that the price was only going to go up.

SAP Bill McDermott
SAP CEO Bill McDermott
 SAP

Convincing Smith was like a courtship: They had a "special dinner" at a mountain resort with Smith's co-founder brother Jared.

They went bike riding and to dinner together with their wives. They met at another Northern California conference where they both speaking, at which point McDermott scored an invite to the Qualtrics' headquarters in Provo, Utah.

During that visit, he and Smith played some hoops, with McDermott still wearing his dress shoes. He still feels guilty about the scuff marks he left on the court, he said.

"And it builds to this crescendo today," McDermott says. "It's two guys totally committed to the mission and to winning."

Smith said that he expected the company to be valued very near the $8 billion he sold to SAP on Day 1 as a public company.

"Ryan drives a hard bargain. He doesn't care about a numerator, but about the security of his people," McDermott said.

The Smith family become billionaires

Smith founded the company in his father's basement, after his father was diagnosed with cancer, as a way of spending more time with him. Smith then convinced his brother, Jared Smith, a Google exec, to quit his job at Google and help him build Qualtrics — with their father, who survived his brush with cancer, as a cofounder.

Together, the family has maintained tight control over the company, and didn't take any venture capital funding until 2012, when they had been in business for a decade. Ultimately, Qualtrics raised $400 million in venture funding, with the Smith family retaining its control.

However, it is impossible to know exactly what the Smith's take was from this $8 billion sale, even though Qualtrics had published its financial results and named its top shareholders as part of the process of going public.

Qualrics Ryan Smith and Jared Smith
Qualtrics brothers and cofounders CEO Ryan Smith and COO Jared Smith
Qualtrics

That's because Qualtrics was creating three class of shares for its IPO. One class was for the Smith family, which included Ryan, Jared and their father. These shares had super-voting rights. The second class was for existing investors, which also gave them super-voting rights, while the third were traditional shares for regular investors.

The net result of this structure: If Qualtrics had gone through with its IPO, the Smith family would have retained 51% voting power over the company, while simultaneously obfuscating how big a stake they actually owned.

We also don't know the exact terms that SAP was offering for each class of shares; just that it adds up to $8 billion in total.

But pushing all those caveats aside for now, and just for fun, we did some napkin math anyway, based on some presumptions.

Between the three classes of shares, there were just under just under 196 million outstanding shares in the hands of investors before the IPO, the compay reported in its IPO documents.

If each share were priced equally in this sale — meaning the Smith brothers were not claiming a higher price for their preferred stock — than an $8 billion deal would value each share a just under $41. And that's a big if.

The Smith family, through a holding company, owns 88,823,418 shares. At $41/share, the Smith family would net themselves well over $3.6 billion, cash.

No matter how you slice that, Ryan Smith certainly did better than selling his company for $500 million in 2012.

The final word

Ultimately what convinced Smith to sell was this, he says: Not only could he jump straight to an $8 billion payout for himself, his employees and his investors, but Qualtrics would instantly become a global company with access to SAP's 413,000 global customers and 15,000-strong salesforce.

Smith's vision is to create a new market he calls "experience management."

That's where companies take all the data they have on customers, employees, partners, prospects and give themselves a complete view of how well they are serving everyone. Qualtrics offers cloud software that can help a company understand that a group of unhappy employees in one department might be creating a group of unhappy customers in another area.

SAP, as the world's largest maker of financial software, also offers everything from marketing software to HR wares, and is sitting on all the data Qualtrics needs to make this new market a reality.

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Written by top40

If anyone is interested I am Top40 online. In the real world my name is David Russell Ellenberger. I am a SWM 57 and live in Louisville, Ky. I started Internettop40.com about 4 years ago. I wasn't exactly sure what I wanted the website to be about but I liked the idea of people voting on items in ranked lists. The voting on these ranked lists will move the items up or down in the rankings you vote by clicking the + or - buttons below or next to the item in a list, refresh the page and the item will then appear in it's new ranking. IMHO voting really is one of the most important things you can do. Your vote is literally worth millions of dollars and that's one thing the politicians want you to do but don't want you to think about in that way. In other words vote for me I'm the best and I'm for this I'm for that I am for all the things that you want and that's why should vote for me. In reality what its about is control over you and money. So next time you vote you should demand to get paid. But I digress that's voting on items is just one of the reasons I started Internttop40.com. I also wanted to get my point out to the people and hopefully other people will want to use my website to get their point out or at least create their own lists. I had hoped for this to be another social media website. That hasn't really happened and I have been online for almost 5 years now. More about that later.

 

Everyone thinks just put your website up and they will come but that's not really the case. Part of the problem is search engines like Google have almost complete control of the web and all the traffic on it and they want you to pay. They also don't like other social media sites or search engine type sites they are what's known in the business as viral sites or sites that mostly contain links and not much original content which is exactly what Google is. But I maintain that links are part of the branding and the way you show your links to the world is an original aspect of any website and part of the branding and is orginal content in and of itself. But Google doesn't think so, Because that's what they are and they of course want complete control and they have it and no one seems to care. I didn't care until I started this website. But again I digress.

 

Back to the point. Why I started this website. Well another reason was to make money you can sell things or you can put advertising on your website. You can go out and sell advertising yourself or simply sign up for advertising services that have already sold the advertising and put the ads on your website for you. Services like this from Google and it's advertising service called adsense. If you read up on the internet how to make money with a website You will eventually find Adsense and various websites will tell you you can make tens of thousands with website adverting its so easy. And that may be true just from a numbers point of view but then reality sets in. More coming in a few days. Thanks for reading....

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