Henry Blodget

Editor-in-Chief, Business Insider

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Poor Congress. Tornado coverage has preempted their ridiculous berating of Apple CEO today
Yeah, baby! RT @fromedome: Don't look now, but $YHOO is almost back where it was when $MSFT tried to buy it in 2008:
Club in Glasgow busted for charging men $1,000+ to spy on girls in bathroom through 2-way mirror read.bi/191nUzD

Glasgow Girls Two Way Mirror

businessinsider.com — Police Scotland has launched an investigation into a new Glasgow nightclub following complaints from clubbers that its girl's toilet housed a two way mirror. Punters are asked to part with as much as £800 to access one of two 'smoke and mirrors' booths inside the venue to ogle female patrons.
Exciting! If Tumblr revenue only $5mm last year, and we get same multiple, we're worth $2.2 billion! read.bi/YWFelh

Tumblr's Active Users Lighter Than Expected

businessinsider.com — Mario Tama, Getty Images Now that that they Yahoo-Tumblr acquisition is a done deal, we're starting to see reports that make Tumblr look like a much less impressive property. In the press release announcing the deal, Yahoo said Tumblr has 300 million monthly unique visitors.

Way To Go, Yahoo! Way To Throw The Long Ball!

businessinsider.com — Yahoo! announced this morning that it is buying social blogging company Tumblr for $1.1 billion in cash. Tumblr is a six-year old company based in New York. It is run by a charismatic 26 year-old entrepreneur named David Karp, who will pocket hundreds of millions of dollars on the deal and has therefore become an object of fascination for the New York tabloids.
RT @businessinsider: Rand Paul Blasts Congress, Says It's Outrageous That Apple Is Being Harassed About Its Taxes read.bi/10JVBOy

RAND PAUL: Congress, Not Apple, Should Be On Trial For Taxes

businessinsider.com — Kentucky Senator Rand Paul went on a great rant during today's Senate subcommittee hearing on Apple's offshore tax practices, slamming his Congressional colleagues for even holding the hearing in the first place. "Frankly, I'm offended by the tone and tenor of this hearing," Paul said, laying into those who take issue with Apple's tax policies.
Apparently Tumblr's numbers are worse than everyone was saying read.bi/YWFelh

Tumblr's Active Users Lighter Than Expected

businessinsider.com — Mario Tama, Getty Images Now that that they Yahoo-Tumblr acquisition is a done deal, we're starting to see reports that make Tumblr look like a much less impressive property. In the press release announcing the deal, Yahoo said Tumblr has 300 million monthly unique visitors.
Senator Levin's office reached out to reiterate that Apple Operations Int'l has "no physical presence or employees" read.bi/11UVVSc

Apple Office In Ireland Booked Profits

businessinsider.com — The U.S. Congress claims that Apple set up an international paper-based subsidiary called Apple Operations International to hide more than $30 billion in profit from tax collectors between 2009 to 2012. Congress says this company has " no physical presence" and " no employees." But that doesn't appear to be true!

Airbnb Illegal In New York City

businessinsider.com — Shutterstock An administrative law judge has found Airbnb to be illegal in New York City, reports Fast Company. Airbnb, the site that lets you rent out your apartment or house like a bed-and-breakfast, violates the New York City hotel law that prevents you from renting out your property for more than 29 days.
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