Tag Archives: billion

If you purchase an independently reviewed product or service through a link on our website, BGR may receive an affiliate commission. Scientists have been playing god with mosquitos for a couple of years now. Back in 2021, British company Oxitech released 750 million lab-modified mosquitos in Florida. Now, the company is gearing up to release another 2 billion genetically modified mosquitos across more of Florida and in California as well. Don’t Miss: Amazon Prime price is going up, here’s… Source link

(Bloomberg) — Amazon.com Inc. is planning to split its stock for the first time in more than two decades in a move that will end an era of four-digit stock prices for the biggest U.S. technology companies. Most Read from Bloomberg Amazon intends to boost its outstanding shares by a 20-to-1 ratio, under a plan disclosed late Wednesday, joining other technology giants like Alphabet Inc. and Apple Inc. who have turned to splits to make their stocks more attractive to retail investors. That news… Source link

Google agreed to buy cybersecurity company Mandiant. Photo: Jeff Chiu/Associated Press … Source link

Warren Buffett.Kevin Lamarque/Reuters Warren Buffett’s Berkshire Hathaway invested $4.5 billion into Occidental Petroleum in five days. The investor pounced after reading a transcript of Occidental’s latest earnings call, he told CNBC. Berkshire snapped up 91.2 million shares, securing a stake worth more than $5 billion today. Warren Buffett’s Berkshire Hathaway plowed $4.5 billion into Occidental Petroleum in five days, securing 91.2 million shares worth upward of $5 billion today. The famed… Source link

President Vladimir Putin (R) and Yandex CEO Arkady Volozh visit the Yandex headquarters in Moscow TASS via Getty Images Arkady Volozh, the tech entrepreneur behind Yandex—the Russian equivalent to search engines like Google and Yahoo—has seen the value of his stake in Russia’s top tech giant fall by over 60% since last Thursday, the day Putin attacked Ukraine. Volozh himself lost more than $400 million that day, as Russia’s wider business community… Source link

MOSCOW: Russian internet giant Yandex on Tuesday reported a sharp drop in adjusted annual net profit, but said total revenue could surge this year to around US$6.5 billion, driven in part by high turnover growth in e-commerce. Yandex’s core advertising business, which accounted for 47 per cent of total revenue in the fourth quarter of 2021, suffered during the early stages of the COVID-19 pandemic, but surging interest in online transactions allowed its other businesses to… Source link

Russia’s Yandex eyes $6.5 billion annual revenue in 2022 after FY profit slip | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County … Source link

AMD CEO Dr. Lisa Su struck a very upbeat tone Monday on what the newly acquired Xilinx will mean to the chip giant’s top and bottom lines. “This acquisition is accretive in the first year for gross margins, for earnings per share and for free cash flow. It’s a good deal overall. And when we look at growth rates, what we said at the time of the acquisition is that we felt we could grow significantly ahead of the industry — 20% plus for the next few years. And we still believe that’s the… Source link

As detailed in a broad SEC filing this week, Tesla gave investors an update on its Bitcoin holdings. Parsing through the disclosure, it boils down to this: Tesla bought around $1.5 billion in bitcoin (BTC-USD) in the early part of 2021; realized a gain of $128 million on a sale of some of its stake earlier in 2021; has now taken a $101 million impairment on the holding as bitcoin’s value has diminished; and currently Tesla’s bitcoin stake has a market value of nearly $2 billion, and a ‘carrying… Source link

Apple (APPL) shouldn’t let Peloton (PTON) end up in the hands of Nike or Amazon, contends Wedbush tech analyst Dan Ives. While Apple is known to be cautious on doing big deals (last one was $3 billion for headphone maker Beats in 2014), a bid for Peloton makes sense. “Acquiring Peloton would be a major strategic coup and catalyze the company’s aggressive health and fitness initiatives over the coming years. With ~2.8 million paid subscriptions today and a very strong/unique competitive moat,… Source link