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
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
THE DRAMA SHOW OF 2018
THE COMEDY SHOW OF 2018
Orange Is The New Black
THE REVIVAL SHOW OF 2018
THE REALITY SHOW OF 2018
Keeping Up with the Kardashians
THE COMPETITION SHOW OF 2018
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
THE SCI-FI/FANTASY SHOW OF 2018
THE MALE ARTIST OF 2018
THE FEMALE ARTIST OF 2018
THE GROUP OF 2018
THE SONG OF 2018
THE ALBUM OF 2018
Nicki Minaj: Queen
THE COUNTRY ARTIST OF 2018
THE LATIN ARTIST OF 2018
THE MUSIC VIDEO OF 2018
THE CONCERT TOUR OF 2018
Taylor Swift: Reputation
THE SOCIAL STAR OF 2018
THE BEAUTY INFLUENCER OF 2018
THE SOCIAL CELEBRITY OF 2018
THE ANIMAL STAR OF 2018
Crusoe the Celebrity Dachshund
THE COMEDY ACT OF 2018
THE STYLE STAR OF 2018
THE GAME CHANGER OF 2018
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
HONORARY ICON AWARD RECIPIENTS
THE PEOPLE’S ICON OF 2018
THE PEOPLE’S CHAMPION OF 2018
Bryan Stevenson, social activist and founder of Equal Justice Initiative
THE FASHION ICON OF 2018
Alibaba’s Singles Day sales dwarf Amazon’s biggest day
But there’s reason to be skeptical of Alibaba’s reporting
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.
Meet the CEO who once turned down a $500 million offer for his startup — and just sold it for $8 billion
- 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.
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.
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.