Nearly $400 million has been lost or stolen from coin sales known as initial coin offerings, accounting giant Ernst & Young said in a report released Monday. That’s more than 10 percent of the $3.7 billion raised in the initial coin offerings, and another worrying sign for the token sales. Initial coin offerings raise funds […]
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It’s been an unpredictable start to the year for chipmakers. While some like Nvidia have seen double-digit gains, others such as Micron Technology have glitched out. But, the group could reboot after a mixed start, according to one stock analyst. “All signs point to yes for semiconductors,” Kim Forrest of Fort Pitt Capital told CNBC’s […]
Read moreNetflix joined the $100 billion dollar club on Monday night. Netflix gained far more customers than Wall Street expected during the holiday season, the company said on Monday, when it reported quarterly earnings that were in line with estimates. Shares jumped more than 8 percent after hours, pushing the market capitalization of the company above […]
Read moreRupert Murdoch said on Monday that Facebook and Google have made “scurrilous” news sources popular, and that the U.S. tech giants should pay publishers if they want “trusted” content. “Facebook and Google have popularized scurrilous news sources through algorithms that are profitable for these platforms but inherently unreliable,” the News Corp. chairman said in a […]
Read moreAs leading U.S. digital currency marketplace Coinbase struggles to handle accelerating consumer demand, the start-up has hired an executive from Twitter to improve customer support. Tina Bhatnagar, former vice president of operations and user services at Twitter, is joining the company, Coinbase co-founder and CEO Brian Armstrong announced Monday. Bhatnagar will be vice president of […]
Read moreGoogle and Facebook on Monday unveiled significant investments in France in a vote of confidence for the country’s thriving tech scene and President Emmanuel Macron’s push to lure foreign investment. The search group plans to open a new artificial intelligence center in France within weeks, its second in Europe after Zurich. The move is part […]
Read moreAround the world, there was a new billionaire every two days in 2017. That’s according to a report published Monday by the global charity Oxfam. The goal of the report, which is called “Reward Work, Not Wealth,” is to call attention to wealth inequality. There are 2,043 dollar billionaires in the world, the report finds. […]
Read moreI was a longtime Yahoo shareholder and consequently have followed co-founder Jerry Yang for a long time. He likes his privacy, though, and hasn’t granted many interviews over the years. So I was surprised when I found that he did a 90 minute podcast last week with GGV Capital’s Hans Tung and Zara Zhang. This […]
Read moreWith Amazon narrowing its list of potential cities for its second headquarters last week, one Wall Street technology analyst believes he knows which of the remaining candidates have the inside track for the economically game-changing project. GBH Insights’ Daniel Ives predicts five cities out of the new list of 20 candidates have a better chance […]
Read moreTencent Holdings, China’s biggest internet company by market value, is on a collision course with Apple and Alphabet with its aggressive push into mini mobile applications, which allow users to bypass traditional app stores and run programs directly within its WeChat application. Tencent has re-engineered the WeChat messaging app in a way that applications smaller […]
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