Alibaba is getting ready to go public, and analysts have predicted the company could be worth upwards of $150 to $200 billion. Its high valuation is a factor of its scale, its dominance in the Chinese e-commerce market, and its highly successful monetization of its platform through ad revenue.
As a company, Alibaba is often described as a combination of eBay and Amazon, but you could throw in a little PayPal, Yahoo, and Citigroup too. Alibaba has a sizable role in mobile banking and online advertising technology.
So here is a comparison of Alibaba with those companies for some perspective on just how big it is.
Spring is the time of year when high school seniors prepare for college and their life after school. Though a typical undergraduate program lasts four years, paying off student loans can easily last decades if you don't properly plan.
If you're comparing the costs of tuition between schools, there are a few things you should look out for, says personal finance expert Liz Weston.
Financial aid offers often don't include the total cost of attendance, according to Weston. "That’s fairly common that they might just mention tuition and fees, and not mention books and supplies or living expenses," Weston says. In a city like Manhattan, living costs can dwarf the cost of tuition.
Financial aid packages also blur the lines between loans and actual savings like grants and scholarships. "They pretend, 'Hey, look at this great award we've just given you, and most of it is loans.' So, they’re not really reducing the cost for attending — they’re just shoving it out into the future and putting it on you."
Weston says that some, but not all, schools have adopted standardized "shopping lists" that make it easier to compare offers. She also suggests the College Board (bigfuture.collegeboard.org) or CollegeData (www.collegedata.com) and Consumer Financial Protection Bureau's financial aid comparison tool (www.consumerfinance.gov/paying-for-college/) to better compare costs.
But how much is too much for college?
That answer depends on the individual, but Weston says one rule of thumb is, "try to limit the amount that you borrow to the amount you expect to make your first year out of school. So, the total for your undergraduate education is no more than your first job is going to pay you. Now again that’s very general, it’s not going to apply to everyone, but it’s a good start."
But as Weston notes, "the problem that a lot of people have is that they’re not really sure what they want to do when they’re 17 or 18 [years old] ... an even better rule of thumb is to stick to federal student loans." Unlike private loans, federal student loans are capped at $5,500. That won't cover the cost of a four-year private university in a big city, "but it gives you an idea that you really need to limit this debt you really need to be on your guard. And if you’re a parent, I'dd be very very careful about taking on debt, particularly if you’re not already saving enough for your own retirement. You don’t want to be in a situation where you can’t retire because you’re still paying for your kids education."
North Korea says it arrested the man for his "rash behavior." The U.S. State Department says it is trying to get more information.
Northwestern University football players are voting Thursday on whether to unionize. Earlier, the National Labor Relations Board in Chicago ruled that the athletes' team requirements essentially make them employees of the university. This, in turn, means they can form a union. The university is appealing the NLRB ruling to the full board.
President Obama is in South Korea, on another stop in his four-nation swing through East Asia. He voiced support for the country amid North Korea's threats to detonate another nuclear device.
Twenty-three students from Columbia and Barnard say that the university is mishandling allegations of sexual assault. They filed federal complaints with the Department of Education on Thursday.
Reports of what transpired during the Ukrainian offensive are stirring some confusion. Fewer people died than initially reported, and life appears normal in the allegedly besieged city of Slovyansk.
It's early in the 2014 election season, but already some noteworthy — and powerful — biographical spots are starting to appear.
Scientists tracking the ancestry of whooping cough say it arose abruptly in humans about 500 years ago, caused by a mutated bacterium that once lived only in animals. Genetic tricks helped it spread.
People are storing more and more stuff online: photos, music, documents — even books. But if you're storing your digital belongings in the cloud, you should know you're giving up some rights.
Nautilus Minerals has signed a contract with the government of Papua New Guinea to extract cooper, gold and silver from a depth of 5,000 feet.
It’s enough to give advertisers nightmares: more and more people picking up their phones and tablets during commercial breaks and tuning out the ads. (That’s if they’re still watching broadcast TV at all).
"As an advertiser, you're never really sure if the audience that the networks say they're delivering to you actually watch your ads," says analyst Paul Sweeney with Bloomberg Industries.
Now the company Xaxis has developed a product called Sync to reclaim those “lost” TV viewers. It sends complementary ads to the ones you’re ignoring on TV right to websites you’re likely to visit online.
"Oh, you're hearing a commercial for a food company and then, oh, I'm looking at my Facebook and there's a sponsored post there," says Xaxis' Larry Allen.
The big idea: There’s no escape during commercial break.Marketplace Morning Report for Monday April 28, 2014Marketplace Tech for Monday, April 28, 2014by Kate DavidsonPodcast Title When ads start jumping to the second screenStory Type News StorySyndication Flipboard BusinessSlackerSoundcloudStitcherBusiness InsiderSwellPMPApp Respond No
The Stuyvesant Town and Peter Cooper Village apartment complexes are seen October 22, 2009 in New York City.
Rents in New York City are up 75 percent since the year 2000, according to a new report from the New York City Comptroller's office.
"The data from the report is chilling," says Comptroller Scott Stringer.
Since 2000, median incomes are down, but rents are up far more than elsewhere in the U.S. And, there are fewer apartments available to the middle class.
"We've actually lost 400,000 apartments renting for less than a $1000," Stringer says.
But the median rent -- the point at which half of rents are below and half above -- might not be what you think. In New York, it's now $1,100 a month, according to the report.
Anyone who notices New York real estate knows that rent averages are often reported to be much higher. Reis, one company that compiles such data, says it's now around $3,200 a month.
But that number only looks at apartments on the open market. In New York, more than 60 percent of rentals are public housing, or subsidized or rent regulated.
Ryan Severino, a senior economist at Reis, says that can limit supply and, "It can make apartments more expensive for anyone who has to compete in the more competitive market."
And, yet, people keep moving here, far faster than new units are built.Marketplace Morning Report for Monday April 28, 2014by Dan BobkoffPodcast Title New York's median rent is $1,100. Seems low...Story Type News StorySyndication Flipboard BusinessSlackerSoundcloudStitcherBusiness InsiderSwellPMPApp Respond No
We told you a couple weeks ago about how Yelp now lets you search with emoticons. A pair of scissors gets you salons nearby, the Korean flag finds you Korean restaurants, and so forth.
On the other side of the happy face is Skype. According to the website Techcrunch, Skype has "removed certain...offensive emoticons from its emoticon dictionary."
You can see the offending faces here. In Techcrunch's words:
"Oddly enough, you can still happily moon your chat buddies(), puke on them(), have a smoke with them () and pretend you are virtually drunk (). Skype is good with this guy, too ( ). Maybe because he is offset by this emoticon: ."
Back home in his Ohio district, Speaker John Boehner had fun at the expense of fellow House Republicans who are reluctant — or afraid — to tackle an immigration overhaul.
Lt. Gov. Anthony Brown might as well be wearing Teflon. Despite overseeing the botched rollout of the state's health insurance exchange, he's still the Democratic front-runner.
The space startup says its rockets are capable of carrying satellites for the Air Force, and it can do so cheaper than Boeing and Lockheed.
As he prepares to take on a new role at NPR after nearly five years with The Two-Way, Mark Memmott wants to say, "See you later."
Prices are higher in large part because Gulf Coast refineries are exporting more gasoline to Latin America, analysts say. The average is about 18 cents a gallon more than it was a year ago.
Catholics have known for years that Pope John Paul II was destined for sainthood, but many aren't so familiar with John XXIII, who also will be canonized on Sunday.