The world's largest e-commerce company is reportedly set to make the biggest initial public offering in U.S. history. Alibaba Group Holding Ltd., based in China, filed the paperwork with the Securities and Exchange Commission on May 6, and it could raise up to $1 billion. According to CNN, the New York Stock Exchange (NYSE) and Nasdaq are competing for Alibaba's presence on their exchange. Alibaba, said to be a mixture of Amazon.com, eBay, and Google rolled into one company, earned a net income of approximately $1.4 billion in 2013 on $5.6 billion in revenue courtesy of 231 million active buyers.
The so-called Worldwide Leader in Sports spent years promoting a player who turned out to be an irrelevant NFL backup quarterback. Now the coverage that helped make Tim Tebow a household name is translating into a broadcasting job at ESPN for the former quarterback. The network brought on Tebow to work on Saturdays covering the SEC.
