Tag Archives: billion

(Bloomberg) — Intel Corp. shares plummeted to their lowest close since December on Friday, after the chipmaker reported third-quarter results and detailed a spending plan that it said would pressure profitability over the next few years. Most Read from Bloomberg The stock fell 12%, its biggest one-day percentage decline since July 2020, marking the sixth straight quarter where Intel’s results were met with a negative reaction. The drop to $49.46 a share erased $26.6 billion in value,… Source link

(Bloomberg) — Sara Blakely founded Spanx Inc. in 2000 with $5,000 of her personal savings earned from selling fax machines door-to-door. She just struck a deal with Blackstone Inc. that values the company at $1.2 billion. Most Read from Bloomberg Blakely, 50, will retain a significant interest in the Atlanta-based maker of shapewear and pantyhose, according to a statement from the two firms on Wednesday. She will continue to oversee daily operations alongside Spanx’s existing senior… Source link

Chrome users, all 2.65 billion of you, need to be on high alert (for the third time this month) because Google has confirmed multiple new High-level hacks of the browser. Google has confirmed multiple new Chrome security vulnerabilities LIGHTROCKET VIA GETTY IMAGES MORE FROM FORBESGoogle Warning Issued For 2 Billion Chrome UsersBy Gordon Kelly Following confirmation of four serious vulnerabilities less than two weeks ago, Google has published a new blog post… Source link

Non-fungible tokens, or NFTs, have enjoyed a breakout year, with third-quarter sales delivering an absolute exclamation point at $10.7 billion. And yet, despite that eightfold increase from $1.2 billion in the second quarter, NFTs are just getting started if you believe advocates who predict use cases for the technology are about to stretch into new industries far beyond digital art. The fashion industry is providing the latest mind-bending example of just that. Fashion juggernauts, like Dolce… Source link

Chrome’s 2.6 billion users again need to be on high alert (for the second time in a week), because Google has confirmed multiple new High-level hacks of the browser. Four ‘High’ level threats have been found in Google Chrome LIGHTROCKET VIA GETTY IMAGES MORE FROM FORBESGoogle Confirms Chrome’s 12th & 13th Zero-Day Hacks In 2021By Gordon Kelly Coming just days after Chrome’s 12th and 13th ‘zero day’ exploits of the year were discovered, Google has… Source link

Zscaler founder and CEO Jay Chaudhry tells Yahoo Finance Live he has been able to hire one-third of his company’s 3,153 workers during the super competitive environment for talent this past year.   How is he doing it at the nearly $40 billion market cap cloud security company? The power of the mighty stock option. “It’s higher compensation than it was a year ago. But what attracts employees at Zscaler is also equity. We have done well as a company. Our stock has done well. So employees they… Source link

LAGOS, Oct 6 (Reuters) – Google plans to invest $1 billion in Africa over the next five years to ensure access to fast and cheaper internet and will back startups to support the continent’s digital transformation, it said on Wednesday. The unit of U.S. tech company Alphabet Inc (GOOGL.O) made the announcement at a virtual event where it launched an Africa Investment Fund, through which it will invest $50 million in startups, providing them with access to its employees, network and… Source link

(Bloomberg) — Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc.’s flagship products offline. Most Read from Bloomberg A selloff sent the social-media giant’s stock plummeting around 5% on Monday, adding to a drop of about 15% since mid-September. The stock slide on Monday sent Zuckerberg’s worth down to $120.9 billion,… Source link

By Tom Westbrook and Donny Kwok HONG KONG (Reuters) -Distressed developer China Evergrande will sell a half-stake in its property management unit to Hopson Development for more than $5 billion, Chinese media said on Monday, after both Evergrande and Hopson requested trading halts ahead of a major transaction. Once China’s top-selling developer, Evergrande is facing what could be one of the country’s largest-ever restructurings as a crackdown on debt leaves it unable to refinance $305 billion… Source link

Saying Ford is driving head on into a future of electric vehicles may be an understatement. Think more along the line of hauling a-–.  The Detroit-based auto giant said Monday it will partner with SK Innovation to invest $11.4 billion to construct two “mega-sites” — one in Tennessee and the other in Kentucky — that will build electric trucks and batteries. Ford’s portion of the investment — $7 billion — is the largest manufacturing investment in the company’s 118-year-old… Source link