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Why Financial Statements Don’t Work for Digital Companies

Harvard Business

Similarly, Microsoft paid $26 billion for loss-making LinkedIn in 2016, and Facebook paid $19 billion for WhatsApp in 2014 when it had no revenues or profits. This becomes clear when you look at a company’s two most important financial statements: the balance sheet and the income statement.

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As European Banks Retreat from the World Stage, China Is Stepping Up

Harvard Business

Stung by a series of risky foreign adventures that came back to bite them, most large global banks in Europe and the United States have retreated from foreign operations. But developing economies are rising up the rankings. In 2005, the United States absorbed 67% of all net global capital flows; by 2016, that share had fallen by half.

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Laughable Eurozone Banking "Non-Union"; Expect Disorderly Breakup

MishTalk

A Financial Times analysis of the full banking union resolution process for a lender operating in three countries reveals the labyrinthine procedure that would still be required to wind up a bank. Its resolution system will only be up and running from 2016. Some senior officials are warning the proposals are too cumbersome.

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