Share to FacebookShare to TwitterShare to LinkedinTopline Bitcoin rose to its highest levels in two weeks Saturday, trading above $41,000 after swooning as low as $33,505 on January 24. A Bitcoin coin lies on a screen showing the Bitcoin – US dollar exchange rate. (Photo by Fernando … [+] Gutierrez-Juarez/picture alliance via Getty Images) dpa/picture…
AFP via Getty Images Meta and Mark Zuckerberg face a six-letter problem. Spell it out with me: T-i-k-T-o-k. Yeah, TikTok, the short-form video app that has hoovered up a billion-plus users and become a Hot Thing in Tech, means trouble for Zuckerberg and his social networks. He admitted as much several times in a call…
Share to FacebookShare to TwitterShare to LinkedinTopline Billionaire philanthropist MacKenzie Scott—who helped her ex-husband, Jeff Bezos, build Amazon in its early days—has pledged $133.5 million to a nonprofit that helps keep at-risk children in schools, as her philanthropy continues to overshadow Bezos’ giving since their 2019 divorce. Mackenzie Scott (then Bezos) at the Vanity Fair…
Share to FacebookShare to TwitterShare to LinkedinTopline Amazon is increasing the cost of its Prime service, the company announced Thursday, as its fourth-quarter earnings report showed a 9% year-over-year increase in revenue and met analysts’ expectations following a holiday season fraught with challenges. Tractor trailer semi truck with logos for Amazon Prime service and text…
Share to FacebookShare to TwitterShare to LinkedinTopline Widely followed stock picker Cathie Wood of Ark Invest, looking to bounce back as her funds continue to underperform, is using recent market volatility to buy the dip on big growth names like Tesla and Robinhood—both of which have seen shares struggle amid the wider selloff in January.…
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Share to FacebookShare to TwitterShare to LinkedinTopline In its third funding round in six months, FTX Trading, one of the world’s busiest cryptocurrency exchanges, has raised another $400 million in new investments, the firm announced Monday morning, boosting its valuation to a staggering $32 billion despite a January selloff that’s wiped more than $500 billion…
Tesla continues to dominate electric vehicles sales in the biggest U.S. market for them. Getty Images Billionaire Elon Musk moved Tesla’s headquarters and his residence to Texas, but California remains the strongest U.S. market for the electric-car maker, accounting for nearly 40% of its American sales and more than half of all zero-emission vehicles purchased…
THE CHANGING FORTUNES OF THE WORLD’S RICHEST The founders of Tesla, Oracle and Airbnb lost billions of dollars this week amid surging market volatility and continued pressure on tech stocks. D espite several days of declines, stock indices finished the week slightly higher, offsetting some of this month’s widespread losses. But the market’s troubles look…
The richest man in the world seems determined to take on the most powerful. Tesla CEO Elon Musk called President Joe Biden “a damp sock puppet in human form” on Twitter Thursday as Tesla stock plummeted 11%. Musk’s lack of restraint on social media is, as the saying goes, a feature not a bug, having…
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