It is imperative that you uncover what money means to you. Because if you don’t, that underlying belief you have about money might sabotage your efforts to take your business to the next level.
According to NPR, there is big news in the publishing world for bookseller Barnes & Noble. Eight months ago, Barnes & Noble revealed it was exploring possible avenues for a potential sale. Now, Barnes & Noble revealed in a press release on Friday that it had reached an agreement with Elliott Management and will be sold to the corporation for 683 million. This move will mean Elliott Management will own the largest bookseller in the United States, which unfortunately has been suffering as of late. Much like other physical bookstores, Barnes & Noble is facing stiff competition from online competitors: primarily Amazon, which today dominates the book world. Amazon regularly sells over 50% of books, leaving bookstores such as Barnes & Noble in the dust. For the past several years, Barnes & Noble has seen its revenue slid downward slowly but surely, presenting numerous challenges for Elliott with this newfound sale to the corporate giant.
Image via CNN
James Daunt will act as the CEO for Barnes & Noble. Recently, he helped British bookstore Waterstones turn its profits around and pull itself from a similar slump to the one Barnes & Noble has found itself in. Elliott’s financial backing, with 34 billion at least in store, should prove a boon for the struggling giant in booksellers. In any case, the deal will be finalized in September, and we’ll see if the deal pays off.
What are your thoughts on this? Let us know in the comments!
Featured Image Via NPR
Acquiring first-week-release tickets for Avengers: Endgame is now comparable to acquiring Golden Tickets to Wonka’s factory. People know this. People are taking advantage of it.
CBS reports that scalpers are selling sold out theater tickets at disturbing prices. Some of the “lowest” selling tickets are starting at $750 for five seats in an Illinois cinema. The most expensive that are listed on eBay range from $10,000 to $15,000.
Potential buyers are likely eager to obtain premiere tickets for the sake of avoiding HEAVY spoilers. If you are one of these people, just know that Endgame actually releases in some countries, such as China, before the US (This is bullsh*t, I know). Therefore, “destiny still arrives.”
But you know what? Congratulations to those of you who successfully purchased the highly coveted Thursday night premiere tickets – I’LL SEE YOU THERE.
Featured Image via CBS
When the founder of Microsoft recommends a book, it is likely a good idea to add it to your ever growing wish list.
“It’s a sad story of corruption in international finance, but fascinating. As Bad Blood is to biotech, Billion Dollar Whale is to international finance,” Gates explains.
Image via Amazon
John Carreyrou’s Bad Blood documents the rise and fall of Theranos, a blood-testing start-up valued at $9-billion before being exposed for fraud. Billion Dollar Whale follows Malaysian businessman Jho Low, the mastermind behind the 1Malaysia Development Berhad Scandal involving a complex web of illegitimate offshore companies, A-list celebrities, the Middle East, and Wall Street. He is now on the run.
“Not as profound as [Steven] Pinker, [Paul] Scharre, [Hans] Rosling,” Gates adds, “But a wonderful read, very quick, thrilling.”
Gates has previously recommended books that are known to be comparably more hopeful and enlightening. His latest book recommendation is something of a cautionary tale worth heeding.
Fun fact: Low used some of the money to finance The Wolf of Wall Street.
Featured Image via CNBC