The Telegraph Billionaire behind world’s biggest crypto exchange faces reckoning The first time Changpeng Zhao left China, he was just 12 years old. His father, an academic who had been forced out of university during Mao’s Cultural Revolution, had fled to Canada when Zhao was six, and it took until 1989 for the rest of his family to follow. Almost three decades later, Zhao was forced out a second time. A Beijing crackdown on cryptocurrencies meant his fledgling start-up, Binance, left… Source link

A week after Carl Nassib‘s groundbreaking announcement that he’s gay, the NFL produced a video in support of his message. The video released Monday is simple, consisting strictly of white text on a black screen. The message is provocative and represents a full embrace of Nassib as the first active NFL player to announce that he’s gay. It starts simply with the words: “Football is gay.” It continues with drumming and cheering in the background: “Football is lesbian. Football is beautiful…. Source link

MOUNTAIN VIEW (CBS SF) — Officials with Google on Monday confirmed the protocols the company will be following for initial reopening at its California offices in July ahead of their anticipated full return in September. In May, Google said it expected about 20% of its workforce to continue working remotely after the fall reopening, while some 60% would work a hybrid schedule that includes about three days in the office and two days “wherever they work best.” READ MORE: UPDATE: Former… Source link

A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave SINGAPORE/BANGKOK, June 28 (Reuters) – Google took down two Google Maps documents on Monday that had listed the names and addresses of hundreds of Thai activists who were accused by royalists of opposing the monarchy, the technology company said. Thai royalist activist Songklod “Pukem” Chuenchoopol told Reuters he and a team of 80 volunteers had… Source link

The company Tesla (TSLA) booted from the S&P 500 index has vastly outperformed the electric automaker by a “stupendous margin,” analysts at Research Affiliates pointed out this week. Tesla entered the S&P 500 to great fanfare on Dec. 21, 2020, in a rebalance of the index. It surged well over 20% in its first month, but since then has fallen, standing now with gains of about 5%, lagging the S&P 500’s (^GSPC) near-16% gain in that same timeframe. Tesla’s entry meant one company had to… Source link

Let’s step back and take a look at the big picture, while keeping stocks in focus. Both the S&P 500 and the Nasdaq hit a series of record highs — mainly due to increasing investor confidence that the current inflationary environment will be a transitory event rather than a sustained trend. Clearly, investors are not shy about stocks, even though the Commerce Department’s inflation indicator for May hit 3.4%, it’s fastest rate of increase since the 90s.  Given this alarming… Source link

MOSCOW and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 28, 2021 / Yandex N.V. (NASDAQ:YNDX)(MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that all resolutions proposed at Yandex’s 2021 Annual General Meeting of Shareholders (the “AGM”) and the meeting of the holders of Class A Ordinary Shares, both held on Monday, June 28, 2021, have been approved. Yandex also announced three re-appointments to its Board of… Source link

An antitrust suit against Facebook by the FTC and several states had the wind taken out of its sails today by a federal judge, who ruled that the plaintiffs don’t provide enough evidence that the company exerts monopoly control over social media. The court was more receptive, however, to revisiting the acquisitions of Instagram and WhatsApp, and the case was left open for regulators to take another shot at it. The court decision was in response to a Facebook motion to dismiss the suit. Judge… Source link

A judge on Monday dismissed the Federal Trade Commission’s (FTC) antitrust lawsuit against Facebook and a separate antitrust lawsuit brought by dozens of attorneys general. Both suits alleged the social media giant is violating antitrust law by buying up competitors and depriving consumers of alternatives that would better protect their privacy. Facebook’s (FB) stock price was higher in late-afternoon trading, pushing the company’s market valuation past $1 trillion for the first time. The FTC… Source link

MOSCOW and AMSTERDAM, NETHERLANDS / ACCESSWIRE / June 28, 2021 / Yandex N.V. (NASDAQ:YNDX)(MOEX:YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced that all resolutions proposed at Yandex’s 2021 Annual General Meeting of Shareholders (the “AGM”) and the meeting of the holders of Class A Ordinary Shares, both held on Monday, June 28, 2021, have been approved. Yandex also announced three re-appointments to its Board of… Source link