Tag: Startup

THE CHANGING FORTUNES OF THE WORLD’S RICHEST The founders of Google, Oracle, Amazon and Tesla all lost billions this week, resulting in a shakeup among the world’s richest and a change at number 2. S tocks fell broadly this week, as a series of disappointing announcements by companies collided with investor fears of inflation-driven interest…

Families have prevented children from playing outside as Tonga struggles to deal with the ash and  psychological effects of last week’s volcanic eruption and tsunami, aid workers and local residents said. Telephone service interrupted. The Red Cross said it was providing 173 households on the main island of Tonga not only with tents, food, water and…

The air has been slowly escaping the stock market balloon for weeks now, Jim Cramer told his Mad Money viewers Friday. And unless you own the stock of a company that makes real things and has real earnings, expect a lot more pain ahead. For months now, we’ve had an onslaught of worthless IPOs and…

Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File PhotoTikTok owner ByteDance saw its  revenue grow  70% year on year to about $58 billion in 2021,  slower growth than a year earlier as China tightens its regulation of big tech companies.According…

A doctor vaccinates a person with a dose of the Pfizer-BioNTech COVID-19 vaccine in Vienna, Austria April 26, 2021. REUTERS/Lisi NiesnerAustria’s conservative government said  Thursday it was launching a national lottery to encourage holdouts to get vaccinated against the coronavirus, hours before parliament passed legislation that would introduce a national vaccination mandate. About 72% of the…

Share to FacebookShare to TwitterShare to LinkedinTopline Novak Djokovic, the top-ranked men’s tennis player who was booted from Australia because he’s not vaccinated against Covid-19, is the majority owner with his wife of a Danish biotechnology firm researching a treatment for the disease about whose business dealings little is known, Reuters first reported Wednesday. Serbia’s…

Los Angeles-based Parallel Systems is led by Matt Soule, center. Parallel Systems Mile-long, slow-moving diesel trains loaded with cargo chugging slowly across the U.S. could be a thing of the past one day if stealth startup Parallel Systems has its way. The Los Angeles company thinks the future of freight lies in autonomous battery-powered trains…

Mike Blake, Reuters)Microsoft Corp (MSFT.O) is buying “Call of Duty” maker Activision Blizzard (ATVI.O) for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future.The deal announced by Microsoft on Tuesday, its biggest-ever and set to be the largest all-cash acquisition on record…

REUTERS/Mike Blake/File PhotoTesla Inc (TSLA.O) shareholders on Tuesday asked a judge  to find that Elon Musk forced the company’s board of directors into a  deal for SolarCity in 2016 and wanted the CEO convicted, the electric vehicle maker one of the largest judgments in history paid $13 billion…

King not just of Tesla  (TSLA) – Get Tesla Inc Report but also of clapping back on Twitter  (TWTR) – Get Twitter, Inc. Report, Elon Musk called the software being used for some other electric vehicles “a pile of trash.” The argument began when, on Sunday, Green Hills Software CEO Dan O’Dowd wrote that he had…