General Business Updates and News - Printable Version +- Waterloo Region Connected (https://www.waterlooregionconnected.com) +-- Forum: Waterloo Region Works (https://www.waterlooregionconnected.com/forumdisplay.php?fid=14) +--- Forum: Waterloo Region Economy (https://www.waterlooregionconnected.com/forumdisplay.php?fid=26) +--- Thread: General Business Updates and News (/showthread.php?tid=63) |
RE: General Business Updates and News - danbrotherston - 03-21-2021 (03-21-2021, 11:23 AM)ijmorlan Wrote:(03-20-2021, 10:22 PM)danbrotherston Wrote: This is actually a really interesting distinction, that I hadn't explicitly seen in words before. And it's an important one. It's much broader than just newspapers. "find some other business to manage to death"... This is literally how they ended up managing newspapers. Ultimately, this is why we have such a backlash against capitalism. While it is not all capitalism (small businesses like you describe are still part of capitalism), it is creating significant hate of capitalism. RE: General Business Updates and News - plam - 03-21-2021 (03-21-2021, 01:10 PM)danbrotherston Wrote:(03-21-2021, 11:23 AM)ijmorlan Wrote: So my question is, why are these super profit seekers still in the newspaper business if it isn’t profitable enough for them? Find some other business to manage to death. They can still do the USA Toys R Us play where they borrow money and then go bankrupt... RE: General Business Updates and News - tomh009 - 03-21-2021 I will note here that the private equity model is not an issue for the Record. Torstar is a newspaper company -- yes, it's owned by Nordstar, but the Nordstar principals are newspaper guys, who specifically want to be in the newspaper business. So, I don't think excessive profit-seeking is the issue here. RE: General Business Updates and News - taylortbb - 04-09-2021 https://www.therecord.com/news/waterloo-region/2021/04/08/kitcheners-vacant-office-space-is-the-highest-in-the-region.html https://outline.com/Vgcfje The headline is a little doom and gloom, with the statement "Kitchener’s vacant office space is the highest in the region" but I thought it contained this interesting bit of news: Quote:KITCHENER — Downtown Kitchener looks like a wasteland of vacant office space as people continue to work from home during another lockdown, but there are hopes for a flurry of activity with three “significant” companies setting up shop in the core in 2021. Likely tech companies, but I'm very curious to hear which ones. RE: General Business Updates and News - nms - 04-10-2021 Time to start a pool (or a wishlist)? What big global tech companies might want either a satellite office here or to expand one that is already hear? Looking at the FAANG list (Facebook, Amazon, Apple, Netflix, Google), who would you wager might be next? RE: General Business Updates and News - ac3r - 04-10-2021 I'm familiar with the companies they're talking about. They are pretty big names though I can't reveal who they are on here. I'm not sure how much office space they'll be using since this pandemic is nowhere near over but there's always room for growth. RE: General Business Updates and News - danbrotherston - 04-10-2021 (04-10-2021, 10:55 AM)ac3r Wrote: I'm familiar with the companies they're talking about. They are pretty big names though I can't reveal who they are on here. I'm not sure how much office space they'll be using since this pandemic is nowhere near over but there's always room for growth. Wow...what a tease! RE: General Business Updates and News - taylortbb - 04-16-2021 https://www.theglobeandmail.com/business/article-magnet-forensics-files-for-first-waterloo-based-ipo-in-15-years/ Quote:Magnet Forensics Inc., a cybersecurity company based in Waterloo, Ont., and staffed with a slew of former BlackBerry executives, has formally filed to go public in a $90-million offering that could be the first new issue from the tech-heavy region in 15 years. RE: General Business Updates and News - taylortbb - 04-20-2021 https://betakit.com/us-private-equity-firm-to-acquire-controlling-stake-in-axonify-for-313-million-cad/ Quote:United States-based private equity firm Luminate Capital Partners is set to acquire a controlling stake in Axonify for $313 million CAD ($250 million USD). Given it's a controlling stake I'd call this basically an exit. Combined with the Magnet news that's two high profile exits in a couple weeks for KW tech. Combined with how well some other startups (Faire, Apply Board, Arctic Wolf) are doing I feel like local tech is having a pretty phenomenal year. The labour market for tech is going to get really tight with all the hiring (Google playing a big role here too). RE: General Business Updates and News - taylortbb - 06-12-2021 https://www.theglobeandmail.com/business/article-teachers-leads-230-million-financing-of-applyboard-valuing-waterloo/ Quote:Ontario Teachers’ Pension Plan has led a US$230-million financing of ApplyBoard Inc., one of the fastest-growing startups to emerge from the Waterloo, Ont., area in years. RE: General Business Updates and News - taylortbb - 06-12-2021 https://www.communitech.ca/technews/faire-soars-to-us$7b-valuation-on-latest-round-report.html Quote:Faire, an online wholesale marketplace for small independent retailers, has soared to a valuation of US$7 billion on its latest funding round of US$260 million, the company's CEO announced today. RE: General Business Updates and News - jamincan - 09-05-2021 A shared coffee roasting facility is coming to the building on Charles between Borden and Ottawa (where City Cafe is located). https://www.instagram.com/p/CTatx7WLtcW/ RE: General Business Updates and News - LesPio - 09-05-2021 (04-10-2021, 01:14 AM)nms Wrote: Time to start a pool (or a wishlist)? What big global tech companies might want either a satellite office here or to expand one that is already hear? Looking at the FAANG list (Facebook, Amazon, Apple, Netflix, Google), who would you wager might be next? Is there any update on this. Is this a legitimate comment about FAANG . Does the Amazon warehouse in Blair count as a part of this. RE: General Business Updates and News - jamincan - 09-05-2021 I don't think an Amazon warehouse counts, personally. I would personally be surprised to see any of them expand here unless one of them acquired a local company (as Google originally did). RE: General Business Updates and News - taylortbb - 09-05-2021 (09-05-2021, 01:56 PM)jamincan Wrote: I would personally be surprised to see any of them expand here unless one of them acquired a local company (as Google originally did). Facebook has been pretty aggressively recruiting remote employees in KW during Covid. If it hit critical mass they might open an office. I also heard a reliable rumour that pre-Covid Microsoft was looking around. They've been really growing their Canadian engineering org. Both seem plausible, without requiring an acquisition. That said, KW is also probably now the tightest tech labour market in Canada. A relatively recent study showed us as having the top tech salaries in Canada, and it's only gotten tighter. Companies may not be looking for another bay area where they're constantly at war for expensive talent, when Toronto has similar talent quality at lower salaries. So I'm not sure just how much significant activity we'll see. |