Twitter held off on trying to generate revenue during its early years while management focused on making the service more reliable and widening its audience. By some measures, the strategy has proven to be successful. In a development likely to hearten …

“You're going to have a lot of people who are made wealthy when Twitter goes public and, presuming the stock price continues to go up, who are going to have resources to invest in another generation of technology startups,” Ted Egan, chief economist in …

Twitter will be coming off its biggest quarterly loss in the past three years when the online messaging service brings its IPO to the New York Stock Exchange later this fall. A regulatory filing Tuesday revealed that Twitter Inc. will list its shares …

With a combined fortune of US$73.2 billion, these 10 individuals account for 0.4 percent of Africa's ultra high net worth (UHNW) population but over 20 percent of the UHNW wealth in the region. Wealth-X released this list as part of the Wealth-X and …

You wouldn't believe it if you looked on the runway, at an ad campaign, or heck…anywhere, but people of color are buying more luxury goods than ever. Nielsen just released its consumer report on black Americans, and the market research firm's findings …

That's promising a lot in an industry that is hyper-competitive already; high thread-count sheets, gadgets, and a good concierge aren't going to be enough, but Clermont promises “advanced customer facing technology, infrastructure and decision science”.

"They're not just making tech gadgets for tech geeks." But the fusion of luxury fashion with iPhones and iPads leads some analysts to question Apple's commitment to serving a lower-income market, despite the company's promises of making cheaper gadgets.

As my colleague Sophie Song points out, the iPhone 5c sells for the equivalent of $735 in China, which is pretty outrageous considering how so many analysts believed the purpose of this iPhone model was to bridge the gap between luxury consumers and …

In another study, consumers were invited up to a luxury box during a professional football game. Those who had an entourage with them felt a higher degree of status. Finally, they showed that feelings of social connection underlie the effect. An …