Day: May 2, 2019

Why it took Ugly Dolls nearly 20 years to journey from specialty toy shops to the big screen

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The creators’ patience pays off today with the release of the major animated motion picture.

The movie Ugly Dolls, which opens Friday, has a catchy, power-ballad heavy soundtrack featuring Kelly Clarkson, Nick Jonas, and Pitbull and an aggressive merchandising push led by the brand’s namesake plush toys. There are Ugly Dolls T-shirts, figurines, Pez dispensers, nightgowns, blankets, and even Happy Meals, all featuring the brightly-colored, doughy creatures with adorable fangs. A Hulu series is also in the works.

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Warren Buffett says Berkshire Hathaway is buying up shares of Amazon, hours before its big annual shareholders’ meeting

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  • Berkshire Hathaway has bought shares of Amazon, according to a CNBC report on Thursday.
  • Warren Buffett, Berkshire’s chairman and CEO, did not directly purchase the Amazon shares himself.
  • “Yeah, I’ve been a fan, and I’ve been an idiot for not buying,” Buffett said according to CNBC, referring to Amazon shares. “But I want you to know it’s no personality changes taking place.”
  • Visit Business Insider’s homepage for more stories.

Berkshire Hathaway is buying shares of Amazon, according to a CNBC report published Thursday.

Warren Buffett, Berkshire’s chairman and CEO, did not directly purchase Amazon shares himself.

The shares were purchased by “one of the fellows in the office that manage money,” Buffett told CNBC, which said Buffett may have been referring to investment managers Todd Combs or Ted Weschler, both of whom manage hefty portfolios that contain Berkshire holdings.

But, for his part, Buffett expressed some regret for not acting sooner on the e-commerce giant.

“Yeah, I’ve been a fan, and I’ve been an idiot for not buying,” Buffett said, referring to Amazon shares. “But I want you to know it’s no personality changes taking place.”

Read more: Warren Buffett made 12 predictions about bitcoin, table tennis, and his death — here’s how they turned out

Buffett reportedly made the comments a day before Berkshire Hathaway’s annual shareholders meeting in Omaha, Nebraska. Berkshire’s shares are expected to be revealed in asset disclosures to the Securities and Exchange Commission in May.

Buffett was generally known to be adverse to tech stocks. He has changed course in recent years and has made some glowing remarks about some of the stand-out tech companies.

“The truth is that I’ve watched Amazon from the start and I think what Jeff Bezos has done is something close to a miracle,” Buffett said at the annual meeting in 2018. “And the problem is if I think something is going to be a miracle I tend not to bet on it.”

“I have missed things that were within my circle, and that’s a terrible mistake,” Buffett said in a Yahoo Finance interview on Wednesday. “Those are my biggest mistakes. You haven’t seen them. But … it’s not a mistake because I miss Netscape or something like that.”

SEE ALSO: Warren Buffett is the world’s third-richest man — see how the notoriously frugal billionaire spends his fortune

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NOW WATCH: This video shows the moment Sarah Sanders lied to a room full of reporters about FBI agents telling her they were happy Trump fired Comey

Addressing Homelessness

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As a commuter who has trekked daily for almost 15 years from New York’s Penn Station, on Seventh Avenue, to my office on Fifth Avenue, the demography of homelessness appears to have shifted in striking ways.

BrandPost: Reducing Tech Debt, Part 2: Major Considerations for the Future of IT

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For today’s IT organizations, how the future will evolve often depends on how handicapped they are by technical debt. Successful digital transformation requires moving at the speed of business, but significant technical debt makes moving into agile, DevOps delivery methods difficult. Whether it is the application itself or the toolset around the application, a legacy footprint may not be sufficiently current to move into anything other than a very ad-hoc or de minimis approach to modern delivery, says Barry Brunsman, principal, CIO Advisory at KPMG.

“For example, your chance of being able to move at market speed when you’re dealing with an ERP solution that is 20 years old is highly unlikely,” he explains. “In addition, your ability to attract talent and effectively manage talent in a new technology age, when you’re hiring people to work on a 15-year-old technology, is also unlikely.”

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Take a look inside Mark Zuckerberg’s secret $22 million Lake Tahoe estate (FB)

Source: Business Insider On:

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  • Facebook CEO Mark Zuckerberg secretly purchased two adjacent properties on Lake Tahoe, a popular vacation destination for Bay Area residents, according to a Wall Street Journal report on Thursday. 
  • One of the properties, dubbed the Carousel Estate, features 8 bedrooms, 9.5 bathrooms and sits on 3.5 acres. The other property, the Brushwood Estate, sits on a 6 acre lot and dates back to the 1920s.
  • Together, the two properties give Facebook’s 34-year-old CEO a scenic and exclusive mountain getaway with 600 feet of private waterfront that accommodate 50-foot yachts and plenty of friends.
  • Below is a look inside the $22 million Carousel Estate, which comprises half of Mark Zuckerberg’s newly-purchased Lake Tahoe compound.
  • Visit Business Insider’s homepage for more stories.

Facebook CEO Mark Zuckerberg has a new spot to hang out this summer. 

According to a Wall Street Journal report on Thursday, the 34-year-old billionaire recently purchased two adjacent properties on Lake Tahoe, a popular vacation destination for Bay Area residents. 

Read more: Mark Zuckerberg spent about $59 million to secretly buy two adjacent private waterfront estates in Lake Tahoe last winter

To keep the deals out of the public eye, Zuckerberg purchased the homes — which totaled around $59 million — through a limited-liability company and high-end wealth manager, according to The Journal.

The deals also reportedly involved nondisclosure agreements, including one that required listing photos of the homes be taken off the internet. Business Insider, however, was able to uncover a promotional video for one of the properties that remains online today

The home — dubbed “The Carousel Estate” — is located on Lake Tahoe’s west shore and was purchased by Zuckerberg for $22 million last December. 

Take a look inside Mark Zuckerberg’s recent Lake Tahoe purchase: 

SEE ALSO: Hundreds of Facebook employees partied at a luxury hotel after announcing a big new redesign of the social network

The Carousel Estate sits on 3.5 acres in Lake Tahoe’s west shore outside Tahoe City.

Promo materials for the property say it “exudes ‘Old Tahoe’ ambiance.”

See the rest of the story at Business Insider

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