Tag Archives: billion

By Sohini Podder    (Reuters) -Shares of Sprinklr Inc, which counts Microsoft Corp and Verizon Communications Inc as customers, fell nearly 9% in their U.S. stock market debut on Wednesday, valuing the software startup at about $3.7 billion.    The New York-based company, backed by private equity firm Hellman & Friedman, raised $266 million in its downsized initial public offering on Tuesday. (https://bit.ly/3gVux0R)    Shares opened at $14.60, compared with Sprinklr’s IPO price of $16… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, June 23, 2021 GameStop saves money by raising money The “meme trade” has been one of the market’s defining trades this year.  And while some investors have chosen to ignore the action we’ve seen in shares of GameStop (GME) or AMC (AMC) amid a value rotation, rising bond yields, and a booming economy, these retail-driven trading frenzies… Source link

Google Chrome retains an iron grip on web browser market share with well over two billion users. Unfortunately, all those users need to be on high alert because Google has just issued its second urgent upgrade warning in a week.  Google has confirmed a serious security problem in its Chrome web browser and urged users to upgrade LightRocket via Getty Images MORE FROM FORBESChrome ‘Zero Day’ Exploit Revealed, Google Pushes Urgent UpgradeBy Gordon Kelly In an official blog post,… Source link

By Medha Singh and Saqib Iqbal Ahmed (Reuters) – A near-record dollar amount of single stock equity options -totaling $818 billion – is set to expire at the close of trading on Friday afternoon, potentially driving sharp moves in some stocks throughout the day, Goldman Sachs analysts wrote. A recent surge in interest in options trading, fueled in part by droves of retail traders looking to place wagers on the swings in so-called meme stocks such as GameStop Corp and AMC Entertainment Holdings,… Source link

Cybersecurity startup Oversecured reported vulnerabilities in the Google Android app, which could’ve … [+] allowed a hacker to steal sensitive data and snoop on users through the smartphone’s camera. (Photo by Nasir Kachroo/NurPhoto via Getty Images) NurPhoto via Getty Images Google’s Android app, with more than 5 billion downloads, has been patched after a researcher found it was vulnerable to an attack that could have allowed hackers to obtain sensitive data from users’… Source link

MacKenzie Scott, philanthropist and former wife of billionaire and Amazon (AMZN) CEO Jeff Bezos, announced on Tuesday that she donated another $2.74 billion to charity.  Scott has donated a total of $8.5 billion since July 2020. “Me, Dan [Jewett, Scott’s new husband], a constellation of researchers and administrators and advisors — we are all attempting to give away a fortune that was enabled by systems in need of change,” Scott wrote in a Medium post titled ‘Seeding by Ceding’…. Source link

Google Chrome is by far the world’s most popular browser with well over two billion users, but all those users need to be high alert because Google has just issued an urgent upgrade warning.  Google Chrome users are being urged to upgrade after a serious vulnerability was found in the … [+] browser LightRocket via Getty Images ADVERTISEMENT MORE FROM FORBESGoogle’s New Tab Groups Reinvigorate Chrome BrowserBy Gordon Kelly Picked up by BleepingComputer, a new ‘zero… Source link

(Bloomberg) — Gold will surge to fresh highs in the next year, but investors seeking currency alternatives as global debt balloons should look to Bitcoin, according to a $7.5 billion hedge fund. Both are likely to rally even as the Federal Reserve moves to taper asset purchases, said Troy Gayeski, co-chief investment officer and senior portfolio manager at SkyBridge Capital. The two are frequently compared by investors, with former Treasury Secretary Lawrence Summers saying cryptocurrencies… Source link

Bloomberg Rate-Hike Bets in Emerging Markets Getting Excessive, Funds Say (Bloomberg) — When it comes to betting on higher borrowing costs in the developing world, some investors may be getting ahead of themselves.In markets from South Africa to Mexico and South Korea, traders are penciling in a faster pace of interest-rate hikes than what economists say is currently warranted based on the inflation outlook.“Almost all of them are overpricing tightening,” said Shamaila Khan, head of… Source link

Hello! Here’s what happened today in European Tech. Deals – Israeli ad-tech company Tremor has filed for an IPO on Nasdaq, after its share price has risen by almost 500% on the London Stock Exchange over the past year to a market cap of about £1.1 billion. – Planet, a Galway-based fintech company, has secured investment from Advent International, a private equity firm. Existing shareholder Eurazeo has sold a portion of its stake to Advent. The deal, according to Eurazeo,