Grammy-award winning rapper and founding member of the Fugees Pras Michel is launching a blockchain-enabled smartphone that lets users earn dividends on every purchase. The phone is part of Michel’s digital platform Blacture, which was announced in a 2018 Super Bowl ad, and celebrates black culture through content and technology. The first retail move for […]

Payments firm Square slipped roughly 2.5 percent Friday, the day after news of a PayPal-iZettle tie-up. Shares opened at $53.54 after closing Thursday near $55. The $2.2 billion merger will launch U.S. fintech giant PayPal into hundreds of thousands of brick-and-mortar retailers around the world through iZettle’s mobile card readers. That stands as a direct […]

Spotify represents a compelling buying opportunity thanks to one of the best growth outlooks in technology, with subscribers set to double by 2020, according to Raymond James. The company’s key drivers, including market share gains, new geographies and family plans should boost the number of paid subscribers to 150 million from current levels around 75 […]

Financial technology titan PayPal made its biggest ever acquisition on Thursday. The firm bought Stockholm, Sweden-based payments start-up iZettle for $2.2 billion. That’s double the valuation it was reported to be looking to fetch with a listing on the Nasdaq in Stockholm later this year. IZettle is a rival to Square, the U.S. fintech firm […]

Amazon will thrive in India even after Walmart’s acquisition of the e-commerce market leader in the South Asian country, according to one Wall Street firm. Citi Research reiterated its buy rating for Amazon shares, predicting strong growth for its international businesses. Last week Walmart announced that it would acquire an initial stake of about 77 […]

Cambridge Analytica, the political consultancy at the center of Facebook Inc’s privacy scandal, filed for Chapter 7 bankruptcy in the United States late on Thursday. This past March allegations surfaced that Cambridge Analytica, hired by President Donald Trump‘s 2016 U.S. election campaign, improperly used data of 87 million Facebook users beginning in 2014. Cambridge Analytica […]

AMD and Nvidia shares will rise as the two chip companies benefit from promising secular growth technology trends, according to a Wall Street firm. Cowen initiated coverage on AMD shares with an outperform rating, predicting market share gains for the company’s server chips. “While AMD server sales have taken several quarters to materially ramp, we […]

Uber Technologies Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters on Thursday, the latest of more than a dozen senior executives to depart since last year. Holden oversaw Uber Elevate, the company’s flying car operation, which is now headed by Eric Allison, the spokesman said, but declined to […]

Billionaire entrepreneur Elon Musk detailed the Boring Company’s plans to build mass transit tunnels beneath Los Angeles on Thursday. The Boring Company CEO, speaking alongside Steven Davis, a former SpaceX engineer and Boring’s project leader, said that the fare for the up-to-150 mph “Loop” system would be $1. It will carry people from downtown LA […]

President Donald Trump twice asked Bill Gates the difference between HPV and HIV, the Microsoft founder told an audience at a recent Bill & Melinda Gates Foundation meeting. The footage of Gates, aired on MSNBC late Thursday, shows the billionaire philanthropist responding to questions from staff members and describing his first exchanges with the president. […]