Late last month, Facebook-parent Meta Platforms reported a loss of $2.81 billion on $452 million in revenue from its VR division Reality Lab. That’s not all. The social giant has lost at least $0.5 trillion in market capitalization since it rebranded over a year […]
Remember back in April when Tesla CEO Elon Musk said “no further TSLA sales planned?” New filings with the Securities and Exchange Commission (SEC) now showed that Musk sold 7.92 million Tesla shares worth $6.88 billion. The transactions happened earlier […]
Just 5 years ago, the world had 5 million social media creators. Today, that number is over 50 million. With this increase also comes the need to train and empower creators to adapt to changing technology and be equipped with […]
Empire State Development (ESD) today announced the five GENIUS NY companies selected to participate in round six of the world’s largest business accelerator focused on uncrewed systems. The companies, which are developing innovations in the uncrewed aircraft systems (UAS), internet […]
Google went dark yesterday night after a software issue caused a brief outage that affected thousands of users around the world. We first noticed the outage at around 9.20 p.m. EST. Outage tracking website Downdetector.com also reported that more than 40,000 people […]
Quick Take • 70% of the tokens are distributed to the node — 49% going to individual stakers and 51% allocated to node providers • 30% of the tokens go to the Ankr Treasury (controlled by Ankr DAO) • Nodes […]
Mobile marketing company AppLovin on Tuesday announced it has made an offer to buy gaming giant Unity Software in a $17.54 billion all-stock deal. As part of the deal, AppLovin will offer $58.85 for each Unity share, the companies said. The announcement […]
These days, leading grocers and retailers are constantly exploring smart cart technologies to meet the growing demand for frictionless shopping and cashier-less checkout. However, introducing purpose-built smart carts to a store is often operationally complicated and very costly. Enter Shopic, a […]
With millions of businesses currently operating in the physical universe, the arrival of web 3.0 and the metaverse is expected to usher in a new era of financial infrastructure as merchants look for ways to engage and benefit from accepting […]
Axios, an American news website founded in 2016 by former Politico journalists Jim VandeHei, has been acquired by Cox Enterprises for $525 million, Axios reported on its website. The acquisition will enable Cox Enterprises to expand its digital news site’s coverage to include […]
The United States is the richest country in the world. Yet, one in eight Americans receives government assistance to buy their weekly groceries, which translates to 42 million Americans who receive food assistance from the government Supplemental Nutrition Assistance Program, also known […]
Zipmex came under investigation by Thailand SEC after the crypto exchange suspended withdrawals for all its customers. The startup resumed withdrawals on the same evening but it was a little too late. A week later, the Singapore-based Zipmex filed for bankruptcy […]
Softbank reports its biggest loss ever, posted a $23.4 billion in quarterly loss as the global market sell-off spread to tech stocks and shredded valuations at its Vision Fund unit. The announcement comes just two years after the Japanese giant posted a […]
Late last month, we wrote about Crypto.com after the crypto exchange startup received registration and regulatory approval from the Organismo Agenti e Mediatori (OAM) in Italy as a provider of virtual currency and digital wallet services. The approval enables Crypto.com to […]
With billions of dollars from the covid vaccine windfall, pharmaceutical giant Pfizer is reportedly in late-stage negotiations to buy the drug maker Global Blood Therapeutics (GBT) for $5 billion, The Wall Street Journal reported Friday. The acquisition is part of Pfizer’s effort […]
In recent months, we’ve heard horror stories of millions of crypto investors losing their personal savings to the collapse of Celsius after the crypto lender suddenly belly up overnight. Hundreds of these retail investors have gone as far as sending […]
Late last month, we wrote about VinFast after the new Vietnamese electric vehicle (EV) tech startup made its push into the US market. VinFast is a subsidiary of Vingroup, Vietnam’s largest conglomerate founded by Vietnam’s richest man Phạm Nhật Vượng. […]
Amazon announced today it has acquired the maker of Roomba robot vacuum cleaner iRobot Corp for $1.7 billion in an all-cash deal, as part of the latest push to grow its connected device cart products and add to its cart of smart […]
Commission-free stock and trading app Robinhood is laying off 780 staff, about 23% of its total workforce. The layoffs followed a previous round of layoffs that the company announced in April, which saw 9% of its people (~342 people) out of jobs. […]
The Federal Aviation Administration (FAA) has awarded a task order contract to the New York UAS Test Site (NYUASTS) for the next uncrewed aircraft systems (UAS or drone) integration project to help advance the reality of safe, high-volume drone operations, […]
