Shares of Limelight Networks Inc. LLNW, +13.03% rallied 6.7% in premarket trading Monday, after the content delivery services provider announced a deal to buy Yahoo’s Edgecast Inc., a provider of security, content delivery and video services, in a stock deal that values Edgecast at about $300 million. Yahoo, which owns Edgecast, is owned by Verizon Communications Inc. VZ, -0.90% and funds managed by affiliates of Apollo Global… Source link
Read More »After collecting $47 million in Bitcoin, Dogecoin and Ether donations, Ukraine is rewarding its supporters with a special ‘airdrop’
After raising almost $47 million through donations in Bitcoin and other cryptocurrencies, Ukraine announced Wednesday it would reward those who have helped fund the country’s war against Russian invasion through a promotional “airdrop,” distributing crypto tokens directly into user wallets. Usually, a company conducts an airdrop as a promotional tool to increase the number of users for a new token or blockchain project. To unlock the free tokens, recipients are asked to complete a… Source link
Read More »Google’s Sundar Pichai Just Announced a $100 Million Educational Fund. It Might Mean the Beginning of the End for College.
A few days ago, Sundar Pichai announced a $100 million Google Career Certificates fund. It’s got nothing to do with college education, and instead, focuses on giving up-and-coming data analytics, IT, project management, and UX design students the tactical tools needed to start their careers with a bang. It follows in a long line of similar efforts by coding bootcamps across the country and online educational portals like Udemy and Coursera. To all of this I say: Thank goodness. Now, I’m… Source link
Read More »Nike just wiped out more than $900 million of Foot Locker’s market value
Nike (NKE) just stuck a size 12 basketball shoe into the groin of trusted vendor partner Foot Locker (FL) as it seeks to bank even more money from its $150-plus pairs of sneakers. Shares of Foot Locker crashed nearly 35% on Friday — wiping out about $950 million in market value — as the sneaker retailer warned on lost business from its large customer this year. Foot Locker said no single vendor (in this case Nike) is expected to represent more than 60% of its business this year, down from… Source link
Read More »Biden administration sets aside $450 million to unclog U.S. ports
On Wednesday, the Biden administration said it will set aside $450 million from the Bipartisan Infrastructure Law this year towards accomplishing one goal: unclogging U.S. ports. Individual ports, which operate as independent businesses, will soon be able to apply for money from the government to pay for a wide range of projects — from expanding terminals to constructing new piers to creating rail yards for moving goods. “At a foundational level, all of the projects to be chosen must… Source link
Read More »Spotify reportedly paid $200 million for Joe Rogan’s podcast — double the previously known price
Vivian Zink/Syfy/NBCU Photo Bank/NBCUniversal via Getty Images Spotify’s exclusivity deal with “The Joe Rogan Experience” was initially valued at $100 million. But the streamer actually paid Rogan double what was reported, sources told The New York Times. That brings the podcaster’s total payday to $200 million over three and a half years. Spotify paid $200 million for the exclusive streaming rights to “The Joe Rogan Experience,” according to a Thursday report by The New York Times. That’s double… Source link
Read More »Jio Platforms invests $200 million in Google-backed Glance – TechCrunch
Jio Platforms is investing $200 million in Glance, which serves media content, news and casual games on Android handsets’ lockscreen, the two said Monday, the latest in a series of bets from Mukesh Ambani’s empire as it looks to expand its offering to over 420 million telecom subscribers it reaches in the South Asian market. Reliance Industries, the parent firm of Jio Platforms and run by Asia’s richest man Ambani, said its investment is part of the InMobi… Source link
Read More »Google hit with $20 million verdict in Nest thermostat patent trial
A Nest thermostat is installed in a home in Provo, Utah, January 15, 2014. REUTERS/George Frey Register now for FREE unlimited access to Reuters.com Register Summary Law firms Related documents Energy management company EcoFactor said Google mimics its energy-efficiency technology EcoFactor has similar cases against Amazon, Vivint, others The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and… Source link
Read More »Google account hacks drop 50% for 150 million who got 2-factor login
Passwords are plagued with problems. Brett Pearce/CNET … Source link
Read More »Podcaster Joe Rogan gets $100 million offer from Trump-affiliated site Rumble
(Reuters) – Rumble Inc, a YouTube-style website popular among U.S. conservatives, has offered Joe Rogan $100 million over four years for all his shows, days after the podcaster apologized for using racial slurs in his content. Rogan is also facing backlash for COVID-19 misinformation in his program hosted on Spotify, after singer-songwriters including Neil Young and Joni Mitchell pulled their content from the streaming platform. The incidents prompted Spotify to add a “content advisory” to any… Source link
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