Erik Sherman, Fortune

Erik Sherman

Fortune

Northfield, MA, United States

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Recent:
  • Fortune
  • Forbes
Past:
  • Business Insider
  • Inc.com
  • Entrepreneur
  • HouseLogic
  • CBS News
  • AOL Jobs

Recent articles by Erik:

A New Report Claims Big Tech Companies Used Legal Loopholes to Avoid Over $100 Billion in Taxes. What Does That Mean for the Industry’s Future?

A new study suggests Google, Amazon, Facebook, Apple, Netflix, and Microsoft may have avoided more than $155 billion in taxes over ten years. → Read More

Page and Brin Might Be Leaving Google Management but Their Control (and Wealth) is Locked in

Special stock classes confer wealth and power to their holders. → Read More

2020 Presidential Campaign Fundraising (and Spending) Are on Track to Smash Records

But there are big differences in how each candidate—including Trump—are spending their money so far. → Read More

Time To Eradicate The Child Penalty And Reduce Poverty

The "child penalty," in which women have lower lifetime earnings than men due to child rearing, needs everyone to work together for a solution. → Read More

'Catastrophically Huge': New Labor Laws Aimed at Independent Contractors Could Be a Huge Drag on Uber and Lyft Stock

If new laws take effent in California, New Jersey, and New York, the companies will incur "many layers of cost that don't exist right now," as one analyst puts it. → Read More

PayPal's $4 Billion Acquisition of Honey Could 'Pay For Itself In a Few Years'

Creating a 'flywheel' of rebates that get deposited back into a PalPal or Venmo account could quickly generate revenue. → Read More

Warren Buffett Is Lagging the S&P 500 for 2019—But Here’s How Much He’s Up For the Decade

Warren Buffett has long used the S&P 500 as a benchmark for his efforts and while the Oracle of Omaha is having a good year, the index fund is killing it. → Read More

The Pain From WeWork’s Failed IPO Deepens as Bondholders Get Stuck Underwater

WeWork's bonds, already junk-rated, could be seen as highly vulnerable to a default should the price drop even more. → Read More

Yesterday, Shareholders Bailed on Uber. Today, Insiders Got Their Chance

Analysts were divided as to how much insider selling was weighing on the stock versus fundamental questions about Uber's future prospects. → Read More

SoftBank Writes Down $9.2 Billion Over WeWork

SoftBank's earnings announcement detailed massive investment losses in WeWork and Uber, suggesting that the company's focus on so-called unicorns needs readjustment. → Read More

Why GM and Boeing Share the Blame for Weak Manufacturing Numbers

Issues at the two companies caused a drag on the transportation equipment manufacturing sector. → Read More

The S&P 500 Is at an All Time High—But Markets Still Performed Far Better Under Obama Than Trump

Despite the strong year for stocks, if you measure from inauguration through Oct. 31 of each president's third year in office, Obama still comes out on top. → Read More

These 'Secret' Recession Signs May Provide Clues to When the Next Downturn Is Coming

We asked market watchers for the metrics they are obsessively tracking to spot the next slowdown. → Read More

Twitter's Ban on Political Ads Puts More Pressure on Facebook

Twitter bans political ads on its platform, as Facebook doubles down on freedom of political speech. → Read More

Markets Are Betting That Good Things Come in Threes—Especially Rate Cuts

But will this be the end of cuts for a while, or might the Fed continue its rate reduction rumba for the near future? → Read More

Twitter Stock Plummets 20% After Earnings Miss, as Some See Worrying Signs From Advertisers

As Victor Anthony at Aegis Capital explained in a client note today, numerous checks with advertisers found plenty of unhappy customers. → Read More

Another Wrinkle Emerges in the WeWork Saga

In a review of SEC filings, Fortune identified at least nine CMBSs issued through banks such as Credit Suisse, Bank of America, and JPMorgan Chase in which at least one of the pooled mortgages was on a building where WeWork leased between 25% and 100% of the available space. → Read More

Chinese Tariffs Hammer U.S. Lobster Trade

Brent Lincoln of The Boston Lobster Company estimates that, "70% of my personal business has been gone since the tariff was passed." → Read More

Insider Stock Sales Are Up This Year. Here's What That Tells Us

Insider share sales can be a bad sign for investors, but are they this time? → Read More

U.S. Manufacturing Continues to Slow, Companies Hope New Markets and Tech Can Help

Many companies across the manufacturing sector see things getting slower. → Read More