Facebook Inc. is taking steps to open a sales office in China to work with local advertisers, according to people with knowledge of the matter, in a move that would put the social network’s employees in the country for the first time, even as its service remains censored there.
Kristin Bentz, executive director at PMG Venture Group, says average consumers are not spending on credit cards and did little spending in April on items other than clothing. Bentz talks with Bloomberg’s Pimm Fox and Carol Massar on Bloomberg Radio’s "Taking Stock" on May 13th. Bloomberg West Editor at Large Cory Johnson also participated in the discussion.
Gurbaksh Chahal was the picture of a successful Silicon Valley entrepreneur, with the Lamborghini, the San Francisco penthouse, the immigrant rags-to-riches story and tens of millions of dollars. “And he’s single!” Oprah Winfrey said in a 2008 interview.