Lucid Motors (LCID) shares closed more than 10% lower on Wednesday at $17.79 a piece. The stock was under pressure because a lockup period expired for some of the electric vehicle company’s big investors. PIPE shareholders, which stands for private investment in public equity, are allowed to sell for the first time since Lucid went public via a SPAC in July. Shares fell as much as 19% during Wednesday’s session, their lowest price since listing on the Nasdaq. Lucid is backed by Saudi… Source link

The Pixel 6. Notice how the bottom one has a bigger area above the camera block? That’s the “Pro” model. Google … Source link

Rather under-the-radar, Google (GOOG, GOOGL) is now holding the crown as the top-performing member of the closely watched FAANG (Facebook, Apple, Amazon, Netflix, and Alphabet’s Google) complex amid a summer surge in its stock price.  Shares of Alphabet, Google’s owner, tacked on an impressive 8.2% in August, lagging only behind a 12.8% pop in Netflix. But year-to-date, Alphabet holds a wide lead over its FAANG cohorts.  Alphabet’s stock has skyrocketed 66% on the year, thumping second… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Last month, T-Mobile (TMUS), the nation’s largest wireless carrier, was hacked by a 21-year-old American living in Turkey named John Binns. In an interview with The Wall Street Journal, Binns said he spent about a week rummaging through the company’s servers. T-Mobile has since confirmed the… Source link

Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Verizon will be retaining 10% of the newly rebranded company. “This is a new era for Yahoo,” Yahoo CEO (and former VZM head) Guru Gowrappan said in a release tied to the news. “The… Source link

Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Verizon will be retaining 10% of the newly rebranded company. “This is a new era for Yahoo,” Yahoo CEO (and former VZM head) Guru Gowrappan said in a release tied to the news. “The close of… Source link

Angela Lang/CNET Apollo Global Management on Wednesday said it had completed… Source link

In the immediate aftermath of Afghanistan’s collapse at the hands of the Taliban, China wasted no time in capitalizing on what it viewed as a public relations win. China’s Foreign Ministry called the chaotic end to U.S. presence, “a lesson in reckless military adventures,” and issued a statement, calling for “friendly and cooperative relations with Afghanistan.” But, Eurasia Group President Ian Bremmer said the U.S. withdrawal from the country creates more headaches than… Source link

Google’s Pixel 6 phones. Google The Pixel 6 and… Source link

Google’s custom chips could expand past the Pixel 6 to Chromebook laptops and tablets as early as 2023, according to a new report from Nikkei Asia on the company’s expanding emphasis on designing its own processors. The company is already preparing to release its first major custom chip this fall, with the Pixel 6’s upcoming Tensor SoC. The report also lines up with rumors from 2020 that Google was planning in-house Chromebook chips after it debuted the concept on Pixel phones —… Source link