Oui Oui Disney; Bitcoin’s Being a Downer; HP is Happily Doing the Splits

Who needs Versailles anyways?

Image courtesy of TeddyBear[Picnnic]/FreeDigitalPhotos.net

Image courtesy of TeddyBear[Picnnic]/FreeDigitalPhotos.net

Apparently going to Disneyland in France is tres outré as the theme park is seeing less and less people coming to strut their stuff at the happiest place on earth…in Europe. But if you were just thinking that a walk along the Seine and a visit to the Eiffel Tower would not be complete without a trip to EuroDisney then fear not mon ami. Disney has decided to whip out $1.25 billion to help save EuroDisney…from itself. The park hasn’t exactly been the Disney epicenter of the world since it opened its doors in 1992, yet Disney alleges that it is the number one tourist destination in Europe. Who knew?

A bitcoin of a drag…

Image courtesy of Victor Habbick/FreeDigitalPhotos.net

Image courtesy of Victor Habbick/FreeDigitalPhotos.net

Bitcoin has reached yet another milestone but its nothing of which to be proud as the crypto-currency just hit a new low. In fact the virtual coins have been experiencing a steady decline since December of 2013 when its high reached an impressive $1,147.00 per coin. There is nothing impressive about the $290.00 mark it saw this weekend. Some experts think the drop in value has a “bit” to do with the fact that because more businesses have begun to accept the currency, more bitcoins are being generated and circulated. Of course, the more something becomes the available, the less valuable it becomes. Then there are those pesky regulatory hurdles that are also cramping bit coin’s style, but mostly its value. Others feel there are other more complicated reasons and explanations – the details of which I will gladly spare you. One of those “others” is Garrick Hileman, an economic historian with the pish-posh London School of Economics, who graciously informs us that “approximately 3,600 new bit coins” are welcomed into the world each day.

It’s not you, it’s me… 

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

It’s splitsville yet again in the magical realm of corporate as HP has now decided to break up…with itself. It’s no secret (especially since it’s a publicly traded company) that HP’s computer and printer divisions were no match for its corporate hardware and services division. I can attest to this on a personal level for having recently junked out of an HP laptop that had a litany of “issues” which a six month old computer should not possess. But I digress. It’s true the corporate and hardware services division was/is growing a lot quicker and when that happens in a company, at least lately, companies decide to split ’em up. Case in point, last week’s not surprising announcement by eBay and its plans to bid adieu to PayPal. As for the shareholders, well now they’ll own shares of two companies. How very lucky for them. Not lucky, however, for the additional 5,000 employees who will need to brush up on their LinkedIn skills. The company employs over 300,000 people and rakes in $110 billion in revenue. Oh and by the way, HP is currently in year four of its five year turn around plan, in case you were wondering.

One response to “Oui Oui Disney; Bitcoin’s Being a Downer; HP is Happily Doing the Splits

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