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Volkswagen Plans on Being Generous to Win Back US Buyers

There are approximately 600,000 Volkswagen diesel owners in the US and the company has plans to offer generous compensation packages to them., according to an interview published in the German newspaper Frankfurter Allgemeine Sonntagszeitung. Although the company has yet to disclose if their compensation package would include cash, repairs, replacement vehicles, or car buy-backs.

Kevin Feinberg, head of claims at Volkswagen, stated that he would not make his goal of settling claims within 90 days, he says that his hands are tied as he waits for Volkswagen executives to decide what kind of compensation package they would like to offer. The problem appears to be that no one at the company can agree on what the exact price of their emissions scandal should be.

It has been slightly more than 4 months since this scandal broke and the company still has no approval for an appropriate “fix” for these vehicles. However, Feinberg states that after the compensation package is decided on, he fully expects almost everyone to accept Volkswagen’s generous offer. Feinberg has also worked on settling claims for 9/11 and the BP oil spill. He said in the interview that he had received many emails from diesel car owners which state that they realize that, unlike 9/11, they had not lost a family member, but they did have a car with a problem and they expected to be treated fairly.

History

The uncertainty about the cost of whatever compensation package Volkswagen eventually offers has led to some dramatically lower stock prices. Since the start of 2016, the company has seen stock prices plunge 26%.

Regulators in America rejected Volkswagen’s original plan of fixing all 2.0 liter diesel cars. A deliberate software code enabled cars to hide their true emission output. The company has already assured owners in the US that they intend to offer packages of “no less than $1,000” and the European Commission is urging the German automaker to do the same with car owners in Europe.

Volkswagen has set aside $7.5 billion to in late 2015 to help cover costs for vehicles worldwide but this might need to be increased by another $3, possibly $4 billion more.

Source: Reuters

There are approximately 600,000 Volkswagen diesel owners in the US and the company has plans to offer generous compensation packages to them., according to an interview published in the German newspaper Frankfurter Allgemeine Sonntagszeitung. … [Continue reading] about Volkswagen Plans on Being Generous to Win Back US Buyers

Saatva Corporate Office

Saavta

History

Saatva is an online-only mattress store that designs, manufactures, and delivers luxury innerspring mattresses directly to consumers. There are no brick-and-mortar stores, and no mattresses to jump on. The company has a 75-night money-back guarantee on all of their mattresses.

Saatva is listed as #101 on the Inc. 5000 list of America’s Fastest Growing Companies. The company has a 3-year growth rate of 3,337 % and annual revenue in 2014 of $28.6 million. Saatva has 71 employees with 56 of these jobs being added in the past 3 years.

The company is also listed as #7 on the Inc. list of Top Retail Companies, as well as taking the #2 spot on the Inc. list of Top Connecticut Companies.

Saatva frequently gets high marks for its hybrid mattress.

Saatva maintains a corporate office in Westport, Connecticut.

Saatva was founded in 2010 by current CEO Rod Rudzin in Westport, Connecticut. Rudzin had previously worked in the home furnishing industry and believed he could create a better way to buy mattresses. Saatva is an online-only mattress store that … [Continue reading] about Saatva Corporate Office

Twitter Forced to Use GIFs to Plug Gushing Leak in Stock

What has happened to Twitter lately? What used to be the cool venue to share your immediate thoughts and stay in touch with celeb’s has turned into a giant pigeon bomb. Some are saying that this social media platform appears to have reached its pinnacle. The stock (NYSE:TWTR) is struggling to stay afloat and find its place among other tech stocks. In fact, Twitter stock has become so volatile that it was recently moved from the “hold” position to the “sell” position, according to stock analyst at Stifel.

Even the founder and chief analyst of Technalysis Research, Bob O’Donnell, writes that Twitter might have reached its peak and could be on the way out. Although many in the industry cannot imagine Twitter folding completely, other tech analysts are talking about the possibility that Twitter might die an untimely death if CEO Jack Dorsey can’t find a way to plug the leak in his company’s stock.

What has happened to this once popular and seemingly unsinkable company?

History

For starters, the user base has stagnated and the company does not seem able to find a way to monetize the base that it currently has. New users are practically non-existent and the company does not appear to have any ideas on how to fix this problem. No new users means no new growth. The lack of new users is affecting company stock tremendously. In just one year, Twitter stock has dropped more than 58% as of late last year and continues to fall in early 2016.

Jack Dorsey does not appear ready to give up. His answer to Twitter’s gushing leak from their dyke of stock? GIFs. Some see GIFs as a smart way to spice up the platform content. GIFs are always popular and they have really taken off since Facebook introduced them, but can this tool help Twitter increase revenue? Some believe that the company can generate more income from the brands already on its platform through sponsored GIFs.

Twitter is currently testing a button on the mobile app which would allow users to click on this button, which opens a window with a ready-made selection of GIFs, which include everything from current mood to an opinion (such as a smiley GIF) to others animated pictures that are popular or are trending.

Currently, Twitter’s new user base is pathetically small when you compare it to the number of new users of Instagram or Snapchat. Is it be too late for Twitter to make up for lost time and lost new users? Only time will tell if the introduction of GIFs will keep current users loyal and bring new users to the platform or if Twitter’s base is going to fly the coop.

Source: Learn Bonds

What has happened to Twitter lately? What used to be the cool venue to share your immediate thoughts and stay in touch with celeb's has turned into a giant pigeon bomb. Some are saying that this social media platform appears to have reached its … [Continue reading] about Twitter Forced to Use GIFs to Plug Gushing Leak in Stock

Bois Blanc Sports Corporate Office

Bois Blanc Sports

Bois Blanc Sports was founded in 2011 by current CEO Ethan McAfee. Bois Blanc Island is a very small island in Lake Huron. Persons spending their summers there had a great deal of free time. McAfee grew up playing various sports, including a few that they “invented” using tennis rackets or other types of rackets. Quality equipment was difficult to come by and Bois Blanc Sports was born.

Today, the company sells a variety of sporting equipment, including a racket game called Pickle Ball, sunglasses, health supplements and sun wear such as hats.

Bois Blanc Sports is listed as #105 on the Inc. 5000 list of America’s Fastest Growing Companies. The company has a 3 year growth rate of 3,248% and annual revenue in 2014 of $9.7 million. Bois Blanc Sports has 17 employees with 16 of these jobs being added during the past 3 years.

History

The company is also listed as #8 on the Inc. list of Top Retail Companies, #8 on their list of Top Washington D.C. Companies as well as taking the #2 spot on the Inc. list of Top Virginia companies.

Bois Blanc Sports was founded in 2011 by current CEO Ethan McAfee. Bois Blanc Island is a very small island in Lake Huron. Persons spending their summers there had a great deal of free time. McAfee grew up playing various sports, including a few that … [Continue reading] about Bois Blanc Sports Corporate Office

Woot Corporate Office

Woot

Woot was founded in July of 2004 by former electronics wholesaler Matt Rutledge in Carrollton, Texas. The company is an online discount retailer that originally offered one deal per 24 hour period or until the item was sold out. The company is known for having an irreverent and silly or fun business style that many find appealing. The company does not offer warranties or exchanges, only refunds for merchandise that is not delivered.

Woot was purchased by Amazon in 2010. Today, the company often offers additional items for sale if an item sells out before noon CST. Woot has also branched off into other sectors, such as T-shirt Woot, Wine Woot, and Children’s Woot. These sites continue to sell a item until it is sold out. Woot offers a flat rate shipping fee, regardless of size or weight of the item. The company currently ships only to the continental US.

The company occasionally offers “Woot Offs” where items are listed until they are sold out, one after the other. Item quantities can be quite limited and often sell out in minutes, creating an auction like frenzy over certain products. Woot is also famous among followers for offering unknown items for sale in a brown paper bag entitled “Woot’s Bag of Crap”. Each bag is $5 plus $5 for shipping. Recipients have no idea what they are purchasing until they receive it but they are told that all items in the bag, combined, will exceed $10 in value. These sales are so popular that they often sell out in seconds and have frequently been known to crash servers.