It’s no secret that Amazon (AMZN) – Get Free Report has ambitions to grow far beyond it’s seemingly omnipresent cloud and retail businesses. Recently, the trillion-dollar company shelled out billions of dollars for the right to exclusively show Thursday Night Football. It also recently acquired autonomous robot vacuum Roomba for $1.7 billion in a now infamous…
When cryptocurrency exchange FTX raised $400 million from investors such as Softbank, Temasek, Tiger Global, and others in January of 2022, its net worth took off. The funding, in amazing fashion, soon lifted its value to $32 billion. By November, it was bankrupt. While FTX pumped up its reputation with big-name investors, it was also allying…
Amazon (AMZN) – Get Free Report has a reputation for lightning-fast delivery and truly dedicated employees. But a recent story involving a delivery driver for the fulfillment giant might be the most shocking one yet. It’s no secret that Amazon takes its delivery time seriously. The average shipping speed for most Prime customers is between 1-2…
Bed Bath & Beyond (BBBY) – Get Free Report shares surged higher again Wednesday, leading a renewed rally for so-called ‘meme stocks’ on Wall Street even as the struggling retailer continues to warn about a possible bankruptcy filing. Bed Bath & Beyond posted a wider-than-expected third quarter loss of $393 million Tuesday, as sales fell 33%…
Coinbase Chief Executive Brian Armstrong does not mince words. Nearly two months after rival Sam Bankman-Fried’s empire went bankrupt, he’s just delivered a massive blow to what until recently was the institutional face of crypto. Bankman-Fried’s empire consisted of the FTX cryptocurrency exchange. Before its rout, it was the third largest cryptocurrency exchange based on…
The bankruptcy of Sam Bankman-Fried’s crypto empire continues to cause waves in the crypto space. The various firms continue to monitor each other to find out who will be the next collateral victims of this disaster after the lender BlockFi went down. All eyes have been on lender Genesis, a subsidiary of crypto juggernaut Digital…
The Covid-19 pandemic has been good for tech companies. The global economy has moved online overnight. From groceries to medical consultations to art, the economy has become tech-driven. The pandemic has thus enabled technology to become the engine of our daily lives faster than expected. One of the big changes also accompanied by tech during…
Tesla is slashing prices for its Model 3 and Model Y sedans in Asia as demand falters and deliveries in its key China market hit a five-month low…
Stock futures mixed as jobs data looms; Wage gains in focus amid puzzling employment picture; Tesla extends slump following big price cuts in Asia; Samsung forecasts weakest quarterly profit since 2014 as demand fades; WWE shares surge as Vince McMahon plots dramatic return as chairman…
A disastrous year for cryptocurrencies culminated in the infamous November 2022 collapse of the now-bankrupt FTX exchange. The rapid fall of FTX had devastating effects on the entire crypto-asset sector and led to several other bankruptcies. Sam Bankman-Fried, the former FTX CEO, after a series of revelations and legal actions, ended up pleading not guilty…
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