Investing giant Mike Novogratz may soon join the rush of new digital asset funds as the largest of them all. The head of Galaxy Investment Partners and former macro hedge fund manager at Fortress Investment is launching a $500 million fund to invest in digital assets like bitcoin, Bloomberg reported Tuesday, citing a person familiar […]
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Shares of Twilio were sharply lower on Tuesday afternoon after an announcement from Amazon saying that its Pinpoint system now allows users to trigger 2-way SMS messaging. Twilio fell 6.6 percent into the closing bell, though shares pared losses after hours. Amazon’s Pinpoint lets app managers “determine which push notifications to send, decide when to […]
Read moreTesla may be choosing Intel over Nvidia to make chips for the “infotainment” system in Tesla cars, Bloomberg reported Tuesday, citing unnamed sources. Intel shares were up slightly following the news. Intel chips will now power the on-board information and entertainment system behind the large screens in the center console of Tesla cars. Drivers control […]
Read moreSocial media upstart Snap may have braved the public market, but as of Tuesday, Pinterest doesn’t have an IPO announcement in the works, the CEO said. “Really, the company’s focused on two things,” CEO Ben Silbermann told CNBC’s Julia Boorstin in an interview that aired on “Closing Bell.“ “One is growing the user base …. […]
Read moreTwitter is experimenting with doubling the length of a tweet from 140 characters to 280 characters. The company wrote in a blog post on Tuesday it was rolling out 280-character limit tweets to “a small group” of users who tweet in languages that may have had issues with trying to fit everything they want to […]
Read moreMicron Technology is slated to report earnings after the market close Tuesday. Here’s what Wall Street expects: EPS: $1.83, according to Thomson Reuters Revenue: $5.96 billion, according to Thomson Reuters Shares of Micron have rocketed nearly 60 percent so far this year, outperforming the 23 percent gain in the broader S&P 500 Information Technology sector. […]
Read more2017 has been a year full of drama between pre-IPO tech companies and their backers, with Uber’s many lawsuits and boardroom drama as the wildest example. But it’s still a great time to invest in late-stage tech, says one of Silicon Valley’s most influential enterprise tech investors, IVP General Partner Steve Harrick. Although it doesn’t […]
Read moreYou often hear about the top-notch employee perks at Facebook: Its headquarters in Menlo Park offers free meals, dry cleaning and even a barber shop. What you don’t often hear about are the contract workers, from bicycle mechanics to cafeteria workers, who keep everything running. Full-time employees “have free laundry, haircuts, free food at any […]
Read moreInvestors who followed Social Capital’s Chamath Palihapitiya into the early stages of two investments he advocated would have made an awful lot of money. Palihapitiya was early in both Facebook, the ubiquitous social network, and bitcoin, the disruptive crypotcurrency that has sharply divided investors who continue to argue over its legitimacy. Even with the major […]
Read moreFamed radio-star Mike Francesa loves trading stocks on top of keeping up with the latest sports news. CNBC’s Scott Wapner asked Francesa which stocks he is buying now. “I’m a big tech guy, so I’m a big Nvidia guy, I’m a big Amazon guy always,” Francesa said on CNBC’s “Halftime Report” Tuesday. “I tell you […]
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