Tag Archives: billion

(Bloomberg) — Elon Musk’s social media followers have spoken: The Tesla Inc. chief should sell 10% of his stake in the electric-car maker. Most Read from Bloomberg A majority of 3.5 million Twitter users — 58% — said they’d support such a sale in a Twitter poll that Musk launched Saturday and closed shortly after 2:15 p.m. Sunday in New York. The stake would be valued at about $21 billion based on 170.5 million Tesla shares he holds. “I was prepared to accept either outcome,” Musk… Source link

OREANDA-NEWS.  The capitalization of the Russian company Yandex, following the results of trading on November 3 on the Nasdaq exchange in the United States, exceeded $30 billion for the first time. According to Bloomberg, the market value of the parent structure of Yandex N.V., registered in the Netherlands, amounted to $30.119 billion. According to the results of the last trading, the company’s shares were worth $84 per paper. During the day, the shares rose by 1.31%. Yandex N.V. Class A… Source link

Barry Silbert, Founder and CEO, Digital Currency Group  David A. Grogan | CNBC Digital Currency Group is selling shares to SoftBank and Google’s venture capital arm in a deal that values the crypto conglomerate at more than $10 billion.  The Manhattan-based, private company announced a secondary round on Monday, in which existing investors are selling shares to new backers. The $700 million deal was led by SoftBank and included Google’s Capital G and Ribbit Capital, among others.  Digital… Source link

Chrome’s 2.6 billion users again need to be on high alert (for the fourth time this month). Google has confirmed multiple new High-level hacks of the browser, and they are an immediate threat. Google has confirmed multiple new Chrome security vulnerabilities, including new zero day hacks LIGHTROCKET VIA GETTY IMAGES MORE FROM FORBESGoogle Critics Explain Why You Should Quit ChromeBy Gordon Kelly Following confirmation of five serious vulnerabilities last… Source link

Microsoft (MSFT) could easily go hunting for another whale of an acquisition with its $130.6 billion in cash, analysts say.  It has a lot of options on where it could look. “There are lots of different areas that we think Microsoft could acquire. We think Microsoft will continue to be acquisitive. I think there is plenty of opportunity for them to continue to expand their cloud application footprint. If you think about it, they have less than 10% market share in front office applications…. Source link

Getty images The former Google CEO and his wife, Wendy, announce the winners of their nearly year-long global competition to find and fund teenagers committed to changing the world. It’s just the beginning. Aryan Sharma is a promising 16-year-old in India. He’s already founded a couple small companies, one focused on education and another aimed at helping working-class Indians find jobs, but he has bigger ideas for ways to merge artificial intelligence and medicine. The… Source link

(Bloomberg) — Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a blunt criticism of China’s financial system last October. Most Read from Bloomberg Yet one year on, the technology titan has lost a whopping $344 billion in market capitalization — the biggest wipe-out of shareholder value globally, according to data compiled by Bloomberg. Shortly after the now infamous speech, Beijing suspended the listing of its fintech arm Ant… Source link

By Krystal Hu and Anirban Sen (Reuters) – Donald Trump has united some of his supporters and detractors in buying shares in his new company and hoping to score a big win. Anthony Nguyen, a 49-year-old software consultant from Austin, Texas, is a Republican who refused to vote for the former U.S. president in last year’s election. Last week he joined the millions of online day traders who drove up the value of the company that will house Trump’s new social media venture to almost $12 billion…. Source link

Confidence in Gmail suffered last year after a spam filter flaw sent potentially malicious emails direct to users’ inboxes. Google responded with impressive upgrades and now Gmail has taken another massive step forward. Gmail is about to get a lot smarter PA IMAGES VIA GETTY IMAGES MORE FROM FORBESGoogle Critics Explain Why You Should Quit ChromeBy Gordon Kelly In an official blog post, Google has announced radical changes to how you will send email through… Source link

(Bloomberg) — Snap Inc. posted its biggest one-day drop on record after the Snapchat parent company warned that Apple Inc.’s data collection rules and global supply-chain bottlenecks are weighing on advertising spending. Most Read from Bloomberg The stock tumbled 27%, wiping out about $32 billion of a market value that now sits around $89 billion. The cautious outlook cast a shadow over ad-dependent peers, including Google-owner Alphabet Inc., Facebook Inc., Twitter Inc. and Pinterest Inc.,… Source link