Earlier this month, Sports Illustrated abruptly ended its partnership with The Cauldron, an independent sports blog that had a modest but devoted readership, and had made waves with a number of viral posts written by pro athletes like Steph Curry. The site’s founders were Jamie O’Grady, a Wall Street
On Tuesday, Major League Baseball’s tech arm, MLBAM (often nicknamed simply “BAM”) announced it has found a new CEO for BAM Tech, the video streaming company it spun off from MLBAM in August. BAM Tech’s new CEO is Michael Paull, former VP of digital video at Amazon.
Controversy is commonplace among the hottest Silicon Valley tech startups, but it often seems like no “unicorn” is more scandal-ridden than Uber. On Sunday, Susan Fowler, a former Uber engineer now working at Stripe, wrote an extensive blog post alleging she had been sexually harassed at Uber, and claiming
StockX, a web site that connects buyers and sellers using stock-market-style bidding, has secured a new $6 million funding round from an eye-popping list of big names. It is a lineup sure to help StockX grow its name recognition and buzz through promotion and plugs by these celebrities, not unlike the
Airbnb was not the first online “couch-surfing” site—far from it. The three Airbnb founders looked up to the Apple guru, and prioritized the “three-click rule” typically credited to Jobs, who wanted the first iPod to be so easy to use that you were never more than three clicks away from hearing a song
The typical investor likely can’t identify the company behind the stock ticker RICK, but there’s a better chance they’ve been to a club or restaurant owned by the company, RCI Hospitality Holdings. RCI owns 38 nightclubs across America in cities like Houston, Miami, Minneapolis and New York (including
Back in February 2015, before Donald Trump was a presidential candidate, he told Fortune that President Obama ought to use golf more often for diplomatic purposes. Two years later, President Trump is following his own advice: On Friday, he will fly Japanese prime minister Shinzo Abe to his golf course
Even if you’ve followed the saga of daily fantasy sports companies DraftKings and FanDuel and their recent court battles with various state attorneys general, you may not know that the private tech startups are already so embedded in the pro sports world that both Major League Baseball and the National
Under Armour founder and CEO Kevin Plank was among a select group of American CEOs that had breakfast with President Trump on his first Monday in office, Jan. 23. There’s no better example than NBA star Steph Curry, an Under Armour endorser who is such a big fish that he has a small equity stake in
In a national survey conducted after Super Bowl 51, only 10% of Americans say they placed a bet on the big game. “I’ve observed this question, or similar questions about gambling, in other polls, and the results are consistent,” Gentile says.
Daymond John, founder and CEO of Fubu and a “shark” investor on ABC’s “Shark Tank,” joined the Yahoo Finance All Markets Summit in New York on Wednesday.
For more than a decade, Major League Baseball has been the quiet leader among all sports leagues in digital video technology thanks to its Advanced Media (MLBAM, often nicknamed “BAM”) unit, which it launched back in 2000. This past summer, BAM Tech became much less of a secret when MLB spun it off
With former casino owner Donald Trump in the White House, there has been renewed momentum around the effort to get sports betting legalized in America. “There is this buzz out there in terms of people feeling that there may be an opportunity here for additional legalized sports betting,” Manfred said
George Foreman III, son of boxing legend George Foreman, believes he has “the next hot boutique fitness brand” on his hands. In 2014, Foreman opened up a 15,000-square-foot gym in South Boston called EverybodyFights. It will also open its second company-owned Boston location, in the financial district
General Motors (GM) delivered a beat on both its top and bottom lines for the fourth quarter. Revenue jumped 11% driven by strong sales in the US and China. GM also said it expects earnings per share to be flat to slightly higher this year from 2016 and lifted global car sales estimates for the next
Early on in Super Bowl 51, home rental site Airbnb ran a 30-second ad spot, “We Accept,” that showed a diverse series of faces and flashing text about inclusion and acceptance. Most viewers took the ad as an overt jab at President Trump’s recent actions on immigration. Airbnb, still a private tech
The story of the NFL this season was all about television ratings. You might think that after a down ratings year—and after last year’s Super Bowl viewership of 111 million was down from the 114 million who watched in 2015—the cost for brands to get in might soften. The cost of a 30-second Super Bowl
The parent company of Snapchat filed with the SEC on Thursday to go public. The six-year-old tech company, based in Venice, Calif., will list on the New York Stock Exchange, with SNAP as its ticker symbol.
American sports fans will bet $4.7 billion on the Super Bowl this year, according to a new estimate from the American Gaming Association. That’s an all-time high, and an 11% jump from last year.
On Tuesday, Under Armour reported a big miss on its 2016 Q4 earnings, and its stock plummeted 25% in response. Under Armour said its footwear revenue grew 36% in the quarter. How do you reconcile those two numbers? The answer involves the difference between wholesale and retail.
Apple saw $78.4 billion for revenue on expectations of $77.4 billion, and reported earnings of $3.36 per share on expectations of $3.21. Most importantly, iPhone sales exceeded the high hopes Wall Street had for the quarter, with 78.3 million units sold, on predictions of 76.3 million. It was Apple
On Monday night, Las Vegas Sands CEO Sheldon Adelson withdrew from the ongoing effort to finance a new $1.9 billion stadium in Las Vegas for the Oakland Raiders. Now, Yahoo Finance has learned, Goldman Sachs is out as well.
Ticket prices for the Super Bowl always fall in the days before the game, but this year they are falling more than in the past. On secondary-market ticket sites like StubHub, TicketIQ and TickPick, the baseline “get in” price for Super Bowl 51 is hovering around $2,000, well below $3,500 from a week
The Baltimore-based sports apparel company had delivered 26 straight quarters of 20% or higher sales growth—until now. Under Armour missed big on its 2016 fourth quarter earnings, reporting revenue of $1.31 billion on expectations of $1.41 billion, and earnings of 23 cents per share on expectations