ARK Investment Management founder and CEO Catherine Wood is a big believer in bitcoin, which has seen a rise of more than 1,300 percent so far this year. Bitcoin is “so much bigger an idea than even Apple, which is a pretty big idea,” Wood said on CNBC’s “Halftime Report” Thursday. Wood said her fund […]
Read morePresident Donald Trump said Thursday he is “very disappointed” following a report that China may have run afoul of international sanctions by providing oil to North Korea. In a tweet, Trump warned that “there will never be a friendly solution” to North Korea’s nuclear and missile programs “if this continues to happen!” Trump tweet A […]
Read moreFiREapps CEO Wolfgang Koester said current cryptocurrencies are not suitable for companies. Bitcoin’s price volatility is “too speculative for corporations,” he said on CNBC’s “Squawk on the Street” on Thursday. “They are saying we can’t get involved with bitcoin, but we like the idea of bitcoin and others. We like speedy transactions at a lower […]
Read moreFor much of Silicon Valley, 2017 felt like a nonstop parade of scandal and sin. There was the decline of Uber, which blew itself up with missteps that included reports of rampant sexual harassment and executive misbehavior. There were troubles at Facebook, which became a lightning rod for failing to keep its platform safe from […]
Read moreVietnam’s VietJet Aviation said on Thursday it was standing by a controversial “bikini” calendar, a marketing ploy featuring scantily clad female models that has prompted criticism in conservative Southeast Asia and beyond. The annual calendar, which has gone viral online, is part of a broader marketing push by VietJet that has propelled the start-up airline’s […]
Read moreAfter years of legal battles, a pair of brothers — Vincenzo and Giacomo Barbato — have successfully managed to win a legal battle against Apple, earning the right to call their company “Steve Jobs,” after Apple’s iconic founder, according to la Repubblica Napoli. The fight began back in in 2012, when the two brothers noticed […]
Read moreIt’s been a wild year for the tech and media worlds in 2017. We have seen gigantic mergers like AT&T with Time Warner, as well as Disney and 21st Century Fox. But 2018 could be even more exciting. Below are my fearless tech and media predictions for how 2018 will play out: AT&T and Time […]
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You probably know by now that bitcoin is on a ridiculous run this year, up 15-fold as of Wednesday, even after tumbling to $15,000 from its recent high of over $19,000. It’s the digital asset that nobody knows how to value and, depending on who you believe, will either trade down to zero or reach […]
Read moreSoftBank will soon see whether it has finally acquired a multibillion-dollar ownership stake in Uber — or whether the seemingly endless drama between the Japanese investor and the world’s most valuable startup has more scenes left. The proposed deal, which would also deeply reshape how Uber is governed, expires on Thursday (Dec. 28) at 12pm […]
Read moreThe market’s anticipation of strong sales from the new iPhones drove Apple shares much higher this year, but now one Wall Street firm says optimism for big upside is not warranted. Wells Fargo Securities reiterated its market perform rating for Apple shares, saying the latest China export data points to meager iPhone sales growth in […]
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