Best Of FORBES: Inside The WhatsApp Deal And The Most Valuable Nascar Teams

Feb 20 2014, 7:08pm CST | by

Best Of FORBES: Inside The WhatsApp Deal And The Most Valuable Nascar Teams
Photo Credit: Forbes Business

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The job market continues to burn millions of Americans, even on once flush Wall Street. But fear not, there’s one finance job that pays well, is rewarding and desperately needs young talent. As Baby Boomers retire, the demand for financial advice is increasing, even though the average financial advisor is 50 years old. A huge opportunity looms for the young and enterprising to score, a long-lasting, impactful career. Finance degree not required.

In the news:

“Jan Koum picked a meaningful spot to sign the $19 billion deal to sell his company WhatsApp to Facebook earlier today. Koum, cofounder Brian Acton and venture capitalist Jim Goetz of Sequoia drove a few blocks from WhatsApp’s discreet headquarters in Mountain View to a disused white building across the railroad tracks, the former North County Social Services office where Koum, 37, once stood in line to collect food stamps. That’s where the three of them inked the agreement to sell their messaging phenom –which brought in a miniscule $20 million in revenue last year — to the world’s largest social network” — Parmy Olson. Read Exclusive: The Rags-To-Riches Tale Of How Jan Koum Built WhatsApp Into Facebook’s New $19 Billion Baby

And for more on the story, check out these headlines:

WhatsApp Founders Become Billionaires In $19 Billion Facebook Deal

Not So Fast: Why The WhatsApp Deal Doesn’t Mean BlackBerry Messenger Is Worth Billions

It’s Unanimous: Facebook Buying WhatsApp Is The Best Or Worst Deal Ever

Other daily headlines:

“Thirty years ago Rick Hendrick launched All-Star Racing with five employees and 5,000 square feet of workspace. Hendrick Motorsports today carries more than 500 employees in 430,000 square feet of workspace across a 140 acre campus in Concord, N.C. It has racked up 218 victories and a record 11 season titles in Sprint Cup, plus an additional 52 wins and four championships in the Nationwide and Truck series. The success has propelled Hendrick to the top of the Nascar food chain. The team is worth $348 million, by Forbes’ count, twice as much as any other Nascar squad” — Kurt Badenhausen. Read The Most Valuable Nascar Teams

Nascar's Most Valuable Teams 2014

“By not updating his will to cover all his children, the renowned actor Philip Seymour Hoffman left their grieving mother in a potentially costly conundrum” — Deborah Jacobs. Read Philip Seymour Hoffman’s Will Raises Legal Problems

“This afternoon is huge for U.S. Figure Skating. After the ladies’ figure skating short program Americans Gracie Gold and Ashley Wagner stand in fourth and sixth place, respectively, still in medal contention. If either of them can do enough in today’s long program to medal it would likely add a lot of money to U.S. Figure Skating’s coffers” — Mike Ozanian. Read Medal Performances By Gold Or Wagner Could Generate Millions For U.S. Figure Skating

“In the interest of transparency–and out of a sense that we should subject ourselves to the same journalistic scrutiny as the subjects of our stories–fellow reporter Kashmir Hill and I have assembled a timeline based on our experience of the hack, as well as interviews with those staffers who were willing to speak with us. Here’s what we’ve learned” — Andy Greenberg. Read How The Syrian Electronic Army Hacked Us: A Detailed Timeline

“Last week, Forbes joined the growing list of media organizations successfully infiltrated by the Syrian Electronic Army. Through spear phishing and credential stealing, the hackers were able to access our email and publishing system, post articles, and download email addresses and hashed passwords of over one million Forbes users, as outlined in my colleague Andy Greenberg’s timeline of the hack. Why did they come after Forbes? I made contact with the group through their social media channels and interviewed a member who goes by the handle SEA Wr4th’” — Kashmir Hill. Read Why The Syrian Electronic Army Hacked Us: An Interview With The Attackers

FORBES News:

Driven by technological advances, innovative manufacturing techniques, the biggest domestic energy boom in a century and a new generation of pragmatic, tested leaders in industry, education and government, the nation’s industrial core is rebounding./>/>

Employment in manufacturing hubs is rising. Foreign companies from Toyota to Airbus to Fiat are basing their most advanced facilities in the U.S. The biggest, boldest American companies from Caterpillar, Boeing and GE, to John Deere, GM and Ford are showing the world that the heartland is every bit as much a high-technology hotbed as either coast. Together with thousands of small companies spread across the nation, they are truly Reinventing America and redefining its role in the Global Economy.

Join Forbes as we convene a first-of-its-kind summit of the industrial executives, entrepreneurs, academics and elected officials leading this revolution.

Source: Forbes Business

 
 

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