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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

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#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.

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#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

Hello Again and Thanks for reading it is I David "IT40" Ellenberger with an update on the status of my lawsuit against Alphabet Inc. case # 4:20-CV-04877-SBA  and the website and life in general. By now if you regularly visit InternetTop40.com you may have read this section "author info" or Bio. So I am adding to it with more bio and more info. I originally liked the idea of voting on the internet 20-25 years ago when I first got online with WebTV (does anyone remember that?).

The technology at that time was not advanced enough to easily be able to vote online or watch videos or much else for that matter but I was hooked and look at what we can do now with videos, IOT, and everything else, but I digress. I started InternetTop40.com about 5 years ago and the user base has been going up steadily ever since. I wanted to be another Facebook, with music and voting and that is all coming together slowly but surely. BTW if you want to help or have any interest please feel free to email me anytime.

Now in my previous Author Info or bio page I made it clear or at least I thought I made it clear, I am personally suing Alphabet Inc. in Federal Court for Fraud. I have evidence to prove they are not counting all the pageviews, among other things and defrauding myself and probably millions of other website owners and content creators out of Billions of dollars. So if I wasn't clear or you didn't know it's true I am suing Alphabet Inc. in Federal Court for Fraud the case was recently moved from my state of Kentucky to N. California to make it easier for Alphabet Inc. to steam roll me or so they think. Needless to say if you are interested and I hope you are you can look the case up online under my name "David Russell Ellenberger" or the case # which is 4:20-CV-04877-SBA.

Now, I want to make it clear to you and everyone that I am not suing Alphabet inc. aka Google for fraud just because I want a million dollars for nothing. I am suing Google for fraud because I think they are committing  a serious crime with worldwide and societal ramifications, it is a  very serious problem.  I am suing Google for fraud because to put it simply the analytics numbers don't add up at least not in my favor or yours, there is something very fishy going on with the Google analytics numbers. Of course Google has an excuse for every one of them but I have reasons and the actual numbers and they don't add up, more about the numbers later.

Companies like Google are making Billions of dollars a year in profits telling us data is the most valuable thing and misleading us and misdirecting the media and the world every chance they can.  Now data is valuable and they are making billions in profits seemingly like magic but there is no magic to it just corruption and lies. One thing Alphabet Inc. aka Google is really making their money from and that is advertising dollars and they are putting all of this advertising on the websites other people have created.

Websites that I have created and  websites you have created and websites millions of others around the world have created websites or content. For example Just writing a text is creating content and that's where Google puts the billions in advertising they receive and keeping most of it for themselves. Yes content others have created and yet somehow they are keeping almost all of these billions for themselves and not distributing it equitably to the real workers the true content creators who actually deserve the advertising monies. Google has made it's billions on the backs of you and me. Think about that for a minute, how can they continue to justify this? They Can't, it has to change.

For example if I were to prevail in the current lawsuit just half of the monies or $20 billion put into a basic account and compounded at 5% annually we could realistically employ over 80,000 people at $24,000 a year, indefinitely.  Sounds unbelievable but its true and if we only employed 40,000 people we could pay them approx. $48,000 a year indefinitely. Its all true. Its simply a matter of having the money and the will to do it. Now is 40,000 people a lot well yes it would be a lot of employees but with more money simply put into a trust account we could employ more people

I David Russell Ellenberger through my website InternetTop40.com am suing Google to try to help right a wrong. A wrong committed by Google that has simply gotten out of hand. Most people may think they can't do anything about it. Nothing can stop Google, the politicians don't care they use all of Googles data to further their own campaigns and line their own pockets while the rest of us keep on creating the content for Google, nothing can be done, this however is not the case, we can do something.

The politicians and Alphabet Inc. aka Google have done nothing to help society at large other than organize it so they can keep more money in secret and pay off all their buddies with their fraudulently obtained money. It's gotten so bad that the politicians and others in control won't even talk about it, they ignore it and hope it goes away, they won't even try to stop google because it is helping them too much and maybe they are scared of Google or who knows what they may be thinking. But it looks like fraud and it's coming to an end.

I'm telling you we can do something and I David Russell Ellenberger an average citizen Content Creator am saying to you, I'm not scared of Google because I have nothing left to loose.  I David Russell Ellenberger am telling you there is something you too can do, if nothing else, tell all your friends to come to InternetTop40.com aka IT40, believe these words and Create your Content.

Further I promise to you and all who read this if we do prevail in the lawsuit against Alphabet Inc. We will use 90% of any monies we may receive to pay "content creators" a living wage. I pledge to anyone who is reading this, we will use 90% of any monies we may receive to help those who really do want to work on the internet and create content and tell us what they think. We will use 90% of any money so you can Get Paid, we want you to get paid for the content you create and get paid everyday and Get Paid to Vote create data and to be able to do this work online and from your home or anywhere in the world you care to be. Because in the words of an ancient scholar Y-O-U are the business Y-O-U are creating all the data, Y-O-U are the content creators and Y-O-U are all that matters.

Now the main thing I want you to take away form this and to know, Alphabet Inc. is and has been committing fraud against you, me and everyone who uses the internet. I don't think Google started out to defraud the world it has just degenerated into this endless morass of corruption and fraud and no one seems to care, Well I care and I know you care too.  Sadly Google has been doing this with impunity for years and it is only getting worse. Please don't let them fool you with their lies and obfuscation. Do some research create some content build a website and research the analytics numbers you will find I am right. Google owes you, me and everyone online thousands if not 10's of thousands of dollars for all the data and advertising dollars they have co-opted from you and the rest of the world. So join with me don't use any Google products or file your own lawsuit in federal court against Alphabet Inc. I will be glad to help you any way I can and show you how to do it if need be. It will take a sincere effort on your part but it will definitely help your self esteem, society and the world.

Now that's about all I have to say on this subject for now.  I will tell you this if you want more information or you have questions or comments for me, my email is info@internettop40.com Thank you for reading looking and listening and believing in InternetTop40.com Please tell all your friends about us and don't forget to vote Thumbs up or down and refresh your page when your done. One last Thing, I need all the help I can get I am only 1 person but together and with todays technology we can move mountains and reframe society and our world the way we want it to be. One final note let me tell you about a new website coming to the world called IVAMP.org.... Thank you ttyl

 

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