Silicon Valley celebrates the massive exits and the brilliant entrepreneurs behind them. There’s Facebook’s Mark Zuckerberg, Snap’s Evan Spiegel, Salesforce’s Marc Benioff and Twitter’s Evan Williams, just to name a few. But the overwhelming majority of start-up founders are a lot more like Paul Edmondson than any of the aforementioned celebrities. Edmondson poured 12 years […]
Read moreHere’s a roundup of the most important deals in venture capital from the past week. Apple is acquiring Vancouver-based Buddybuild for an undisclosed sum, the start-up announced on Tuesday. Buddybuild makes tools that help programmers avoid and fix bugs in their software, and to generally keep each other apprised about changes made to code they’re […]
Read moreQualcomm on Friday said it’s working on updates for products that are affected by recently announced chip-level security vulnerabilities. These vulnerabilities, first disclosed earlier this week by security researchers from Google and other organizations, have already wiped billions in value from Intel, whose chips are among those affected. They have also forced many software and […]
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Digital currency ripple has blown past its cryptocurrency rivals largely because it is working with large institutions, which give it an aura of legitimacy and practicality. However, cryptocurrency enthusiasts say that centralization is the exact opposite of what the technology of the digital currencies should be about. “The reason ripple is surging so much is […]
Read moreIt used to be common sense that investors couldn’t simply realize that it’s cold outside, buy shares in a “cold weather play” like Canada Goose and make money, CNBC’s Jim Cramer said on Friday. But in this market, Cramer has watched common-sense investing come back into the fold as a winning strategy. “Now, I’m not […]
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The stock market’s bullish reaction to Friday’s placid jobs report from the U.S. Labor Department gave CNBC’s Jim Cramer pause as he looked ahead to next week. “Once again, this market is downright shocking,” the “Mad Money” host said. “The bank stocks had been rallying for days because the economy’s red-hot, hot enough that the […]
Read moreLast year was the year of the tech mega-cap, with the six most valuable companies in the world now coming from that industry. Yet, even with the consolidation of money and power, 2017 featured a notable dearth of large tech deals. Don’t expect 2018 to be so quiet. As Alphabet, Amazon and Apple expand their […]
Read moreVuzix will unveil a set of smart glasses powered by Alexa next week, as Amazon’s smart assistant continues to pose a threat to leading platforms from Apple and Google. Shares of Vuzix popped as much as 12 percent on Friday afternoon on the news. The $1,000 glasses are aimed at a “prosumer” market, like golfers, […]
Read moreTechnology companies will thrive from the hundreds of billions in cash parked outside the country coming into the U.S. this year, according to one Wall Street firm. “With the Trump administration and Beltway imposing a 15.5% tax on [repatriated] cash earnings vs. the previous 35% tax rate we expect a surge of overseas cash to […]
Read moreGoogle just announced that it has sold “tens of millions” of its home devices over the last year, including its smart speakers and Chromecast TV streaming devices — and more than one Home speaker every second since the Home Mini started shipping in October. Some quick math: That means that Google has sold at least […]
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