Market Overview

Martha Stewart Touts Detroit As 'A Hotbed Of Innovation'

Share:
Martha Stewart Touts Detroit As 'A Hotbed Of Innovation'

Alibaba Group Holding Ltd (NYSE: BABA) chose the right city in which to engage American small business, Martha Stewart said at the Gateway '17 conference Wednesday.

The 75-year-old publisher, entrepreneur and TV star is the founder of the Martha Stewart Living empire.

“I applaud Jack Ma and Alibaba so much for being here in Detroit, which is like a hotbed of innovation and American makers,” Stewart told CNN journalist Lisa Ling during an interview at the conference.

Stewart, who turned to entrepreneurship after a career as a stockbroker, said she was an early adopter of personal computers and purchased an IBM in 1982.

Stewart has millions of social media followers on Facebook Inc (NASDAQ: FB), Twitter Inc (NYSE: TWTR) and Instagram. Ling asked how social media has factored into Stewart’s business.

“I’m not a Gigi Hadid or a Kim Kardashian, unfortunately,” Stewart said dryly.

After years of traditional television, Stewart said she was an early and enthusiastic adopter of Facebook Live.

The platform allows Stewart to produce an entire show with three people, one camera and one mic, she said.

“It costs about $8,000 instead of $100,000 per show.”

That's a good thing, right?

Related Links:

The Business Philosophy of Jack Ma

JPMorgan Chase's $150 Million Detroit Investment: Repair, Revitalize, Reinvest

Photo by Dustin Blitchok: Martha Stewart — entrepreneur, publisher, TV star and founder of Martha Stewart Living — speaks Wednesday at Alibaba's Gateway '17 conference at Cobo Center in Detroit.

Posted-In: DetroitNews Entrepreneurship Events Top Stories Small Business Media General Best of Benzinga

 

Related Articles (FB + BABA)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Mortgage Tech Company Sindeo Calls It Quits

5 Must-See Earnings Charts