Paysafe Ltd (NYSE: PSFE) shares are falling lower Monday, after the company announced its third-quarter guidance and missed expectations. For the third quarter, the company said it expected revenue of between $360 million and $375 million. Analysts were calling for revenue of $384.4 million. Paysafe was down 12.49% at $8.93 at last check Monday.Paysafe Daily Chart Analysis The stock dipped lower in what technical traders call a falling wedge pattern. The stock trades below both the 50-day… Source link
Read More »Monthly Archives: August 2021
EdTech company gets $105 million investment from SoftBank
Class Technologies creates learning tools directly for Zoom (ZM) and is ramping up its business after a $105 million investment from SoftBank. CEO Michael Chasen tells Yahoo Finance that Zoom is a great platform, but that it didn’t necessarily have the virtual tools teachers and younger students needed for learning at home. “So, whereas in higher ed, online learning is a little bit more established than in K-12. This really, I think, gave them the push. They needed to start exploring online… Source link
Read More »Michael Burry of ‘Big Short’ Bets Against Cathie Wood’s ARKK
(Bloomberg) — Michael Burry, the investor made famous by “The Big Short” movie, has taken aim at one of Wall Street’s hottest stars. Burry’s Scion Asset Management owned bearish put contracts against 235,500 shares of the ARK Innovation ETF (ticker ARKK) at the end of the second quarter, according to a regulatory filing Monday. The new position was valued at almost $31 million, the filing says. The flagship exchange-traded fund of Cathie Wood and her firm Ark Investment Management… Source link
Read More »Spin’s electric scooters are coming to Google Maps
Google Maps users will be able to find and rent Spin’s electric scooters after the Ford-owned company announced a new global integration on Tuesday. Starting Sunday, anyone who uses Google Maps will be able to see the nearest available Spin e-bike or e-scooter in real time, including how long it will take to walk to the vehicle, as well as battery range and expected arrival time. But to pay for the scooter, unlock it, and take their ride, users will be redirected to Spin’s app…. Source link
Read More »Google Fi now let old customers use ‘new’ promotions
Last week, Google Fi started selling Samsung’s Galaxy Z Flip 3 with a notable $400 credit that goes towards your monthly bill. With that new addition, the Google MVNO also changed its promotion eligibility terms to allow old Fi subscribers to take advantage of deals meant for “new” customers. Google has specifically changed its definition of who is a “new Fi customer.” The first criteria is still the original one: “someone who has never had Fi service.” However, this is… Source link
Read More »Facebook, Google build undersea internet cables for Asia and Africa
Facebook and Google are building undersea internet cables around the world — and are betting that the investments will bring in millions of new customers. Facebook revealed Sunday that it is helping build a 7,500-mile cable connecting countries including Japan, Indonesia, the Philippines and Taiwan. The cable, called Project Apricot, is expected to launch in 2024 and will help deliver better 4G, 5G and broadband internet to the region, according to Facebook. That… Source link
Read More »How Google’s self-driving car project accidentally spawned its robotic delivery rival – TechCrunch
Nuro EC-1 Part 1: Origin story Nuro doesn’t have a typical Silicon Valley origin story. It didn’t emerge after a long, slow slog from a suburban garage or through a flash of insight in a university laboratory. Nor was it founded at the behest of an eccentric billionaire with money to burn. Nuro was born — and ramped up quickly — thanks to a cash windfall from what is now one of its biggest rivals. Nuro was born — and ramped up quickly —… Source link
Read More »Florida appealing vaccine mandate ‘beyond bizarre; It’s shameful’: Norwegian Cruise CEO
Norwegian Cruise Lines (NCLH) resumed operations for the first time in 18 months Sunday, with a 100% vaccination mandate for all guests and staff. CEO Frank Del Rio told Yahoo Finance he is hoping other companies follow suit, and says it’s a failure of leadership in the country to not have a similar vaccine mandate nationwide. “Our leadership has failed us,” Del Rio said. “Can you imagine if 700,000 people died of anything other than covid, the outrage that there would be, what government would… Source link
Read More »Aldi to hire more than 20,000 U.S. workers ahead of holiday season
(Reuters) – Grocery chain Aldi said on Monday it is hiring more than 20,000 new workers and raising its wages in the United States as it gets ready for the busy holiday season at a time when retailers and restaurants are scrambling to find workers. The U.S. arm of the German discount supermarket group said it has increased its average national starting wages for store and warehouse workers to $15 and $19 per hour, respectively. Aldi will host a hiring week in September to fill an array of… Source link
Read More »Kroger and Google add Maps integration to make shopping more efficient.
These Kroger locations in Dayton, Huber Heights and Kettering are participating, according to Google: · 2921 W. Alex Bell Road. · 3520 W. Siebenthaler Ave. · 4506 Brandt Pike. · 7747 Troy Pike. · 530 E. Stroop Road. · 2115 E. Dorothy Lane. In all, the functionality is being offered at nearly 100 stores in Ohio, Kentucky and Indiana, the company said. Demand for no-contact, curbside pickup exploded during the pandemic and continues to be popular, even with pandemic restrictions lifted, Google… Source link
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