Commercial office space start-up WeWork announced it has $4.4 billion from SoftBank and its related Softbank Vision Fund, which includes other investors. The deal includes $1.4 billion earmarked to help WeWork expand throughout China, Japan and Southeast Asia, as well as $3 billion in growth funding into WeWork’s parent company. CNBC had previously reported that […]
Read moreAmazon announced on Thursday that its acquisition of Whole Foods will close on Monday. As the two companies work to integrate their business, all customers will immediately see “lower prices on a selection of best-selling staples across [Whole Foods] stores.” And Amazon promises “more to come,” as the internet giant begins to integrate Prime into […]
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The disruptive force of technology is killing off older companies earlier and at a much faster rate than decades before, causing big impacts for employees, investors and other stakeholders, according to a new report that hit Wall Street Thursday. “The average age of a company listed on the S&P 500 has fallen from almost 60 […]
Read moreMorgan Stanley said quantum computing will have dramatic implications across several industries during the next decade. Quantum computers use atomic particles and the laws of physics to perform calculations. They are faster than current computers and will enable much higher computing power, according to Morgan Stanley. “With more companies moving quantum computers from the lab […]
Read moreBillionaires Richard Branson and Bill Gates are both into it. So is legendary General Electric CEO Jack Welch. Elon Musk‘s brother Kimbal is too. Then there’s the venture capital firm DJF, which invested in Tesla, SpaceX and Skype, and food and agriculture behemoth Cargill. What’s got such a diverse group of successful leaders excited? Meat […]
Read moreLinkedIn co-founder Reid Hoffman’s first big win in business came at PayPal, where he was an executive vice president when eBay bought the company for $1.5 billion in 2002. But fifteen years later his experiences at PayPal make it hard for him to stomach investments in the payments space, Hoffman told CNBC’s Jon Fortt in […]
Read moreHTC, once a well-known smartphone maker, is reportedly looking to sell part or all of its business, according Bloomberg. HTC made its name building smartphones for carriers before launching HTC-branded devices, such as the popular One M7 that it sold several years ago. As competition from Samsung and Apple ramped up, however, HTC had a […]
Read moreThere aren’t many video game franchises that can be called “sure things,” but the “Madden” series is about as close as you can get. Since 1988, the football simulator from Electronic Arts has captured player attention and its release is considered the flagpole event that kicks off the industry’s holiday season. And it’s always among […]
Read moreThe city of East Palo Alto, a wedge of modest houses and light industrial sites in the heart of Silicon Valley, has been passed by in the great tech boom. A historically black area, it has seen a big Hispanic influx in the past two decades, with more than three out of four residents now […]
Read moreIowa has approved a deal to give Apple $208 million in state and local tax benefits to build two data storage centers near Des Moines and the promise to create 50 jobs. The deal approved Thursday by the Iowa Economic Development Authority includes a refund of $19.6 million in state sale taxes for Apple and […]
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