(Bloomberg) — Elon Musk has lost $50 billion so far this week after Tesla Inc. shares plunged for the second day in a row. Most Read from Bloomberg It’s the biggest two-day decline in the history of the Bloomberg Billionaires Index, and the biggest one-day fall after Jeff Bezos’s $36 billion plunge following his divorce from MacKenzie Scott in 2019. Tesla’s rout comes amid a tumultuous few days for the automaker. It started when Musk asked his Twitter followers over the weekend whether… Source link

SALEM, Ore. — The council of a small Oregon city has approved a deal with Google that will enable the technology giant to build two more water-guzzling data centers there, though some residents worry about drought and secrecy. A single data center can churn through millions of gallons of water per day to keep hot-running equipment cool, and the placement of these facilities in drought-prone areas is an increasing concern around the globe, even as reliance on them is growing. Data centers… Source link

Delivered record revenue of $58.1 million, generated $13.5 million in GAAP net income and $24.3 million in adjusted EBITDA;Fourth consecutive quarter of best-in-class organic revenue growth over 50%, net margin over 10%and adjusted EBITDA margin over 30%;Raising full year 2021 financial outlook NO-HEADQUARTERS/REDWOOD CITY, Calif., Nov. 09, 2021 (GLOBE NEWSWIRE) — PubMatic, Inc. (Nasdaq: PUBM), a sell-side platform that delivers superior outcomes for digital advertising, today reported… Source link

A new Bank of America (BAC) Global Research report found a rising supply of Uber (UBER) drivers was the main driver of the company’s first profitable quarter. “We see Uber as the top Internet stock in our coverage universe for Urban reopening and improving labor conditions and think multiple expansion is possible on market share gains,” BofA analyst Justin Post wrote in the report released Monday. The report noted that a higher-than-expected mobility take rate, which measures how much… Source link

Gary Vaynerchuk is a serial entrepreneur who has developed a huge following online with a prolific posts and initiatives touching on communications, sports, and digital advertising. But these days he’s all in on crypto – specifically the world of non-fungible tokens (NFT). His project, called VeeFriends, is built around collecting these digital assets and then cultivating an “extraordinary community” around them. It’s where he is putting his energy even as he predicts that “an NFT… Source link

Google launched a beta app today that people with speech impairments can use as a voice assistant while contributing to a multiyear research effort to improve Google’s speech recognition. The goal is to make Google Assistant, as well as other features that use speech to text and speech to speech, more inclusive of users with neurological conditions that affect their speech. The new app is called Project Relate, and volunteers can sign up at g.co/ProjectRelate. To be eligible to… Source link

Retail investor interest in Robinhood’s (HOOD) forthcoming crypto wallet remains high, a company executive said at the Yahoo Finance-Decrypt cryptocurrency event on Tuesday. The wait list for Robinhood’s crypto wallet stands at 1.6 million people, Robinhood Crypto COO Christine Brown revealed at “Crypto Goes Mainstream.“ Robinhood announced plans for the crypto wallet in September, promising users the ability to send and receive cryptocurrency at speed and low cost. The wallet will also… Source link

You.com is a search engine challenging Google’s dominance. You.com A new… Source link

Congress passed the bipartisan infrastructure bill late on Friday night and before it has even been signed into law, the White House is trying to sell the public on it. The first stop coming on Wednesday: a port. “There’s a reason President Biden chose the Port of Baltimore to give his major speech celebrating passage of what, to date, is his signature legislative accomplishment,” says Aaron Klein, an infrastructure expert at the Brookings Institution. The 2,702-page bill includes about… Source link

Interim Hertz CEO Mark Fields is jazzed by the company’s big deal with Tesla (which he has secured, despite Elon Musk’s Twitter assertions) and is ready to get to work to rebuild the car rental giant.  “We are excited about the Tesla relationship. It’s all wrapped around our strategy to lead the adoption of electric vehicles,” the former CEO of Ford said on Yahoo Finance Live. Fields is credited with planting the seeds for Ford’s EV pivot prior to his departure in 2017.  Hertz said in late… Source link