Tag Archives: million

(Bloomberg) — Cathie Wood’s exchange-traded funds sold 3.9 million shares in Zillow Group Inc. on Wednesday as the stock’s rout deepened — a day after buying 288,813 of the securities. Most Read from Bloomberg The stake offloaded was about $255 million, assuming Wednesday’s closing price. That’s about 10 times the value of the shares purchased on Tuesday, when Seattle-based Zillow pulled the plug on its tech-powered home-flipping operation. Zillow’s stock has suffered as investors… Source link

Nuro’s R2 delivery vehicles haul only groceries, packages and food, rather than people. Nuro Nuro, a developer of autonomous driving technology backed by two former Google engineers, hauled in an additional $600 million to speed up efforts to commercialize its robotic delivery services from past investors including SoftBank and Toyota’s Woven Capital and a surprising new one: Google. The Series D round was led by Tiger Global Management and includes funds from Baillie… Source link

Cathie Wood’s $500K Bitcoin call is already happening — how to ride the wave to half a million Cathie Wood isn’t afraid to make bold predictions. Back in early 2018, the owner of Ark Invest said Tesla shares would go from $300 to $4,000 within five years — a potential upside of around 1,200%. Yet Tesla hit the target early. This January, Tesla shares surged past the $800 mark, or $4,000 on a split-adjusted basis. Pretty astounding, but Tesla may not be Wood’s most bullish call at the… Source link

Apple, the world’s most valuable tech company, reported record revenue for a September quarter — but its stock slid after sales fell short of expectations and execs warned of ongoing supply-chain problems. The company posted $83.4 billion in revenue, up 29% year over year, and net income of $20.6 billion (or quarterly earnings per diluted share of $1.24). Wall Street analysts on average had pegged Apple revenue to come in at $84.85 billion and EPS at $1.24. Click here to sign up for… Source link

By Anirban Sen and Jessica DiNapoli (Reuters) -A merger with former U.S. President Donald Trump’s new social media venture has delivered a potential windfall of $420 million for a former finance executive who has been trying for a decade to reinvent himself as a serial dealmaker. Benessere Capital CEO Patrick Orlando’s stake in Digital World Acquisition Corp, the Miami-based blank-check acquisition firm he is leading, was worth $423 million on Thursday after his deal to merge with Trump Media… Source link

Netflix (NFLX) reported third-quarter results after market close that showed a pick-up in subscriber growth after a disappointing first half of the year. Third-quarter profits also came in ahead of Wall Street’s expectations, while revenue matched estimates.  Shares rose by about 1.5% in late trading following the results.  Here were the main metrics from Netflix’s report, compared to consensus estimates compiled by Bloomberg: Revenue: $7.48 billion vs. $7.48 billion expected, $6.44 billion… Source link

Yahoo Inc. successor entity Altaba Inc. must set aside $400 million as it dissolves to cover the “unlikely” event that an appeals court overturns a $118 million data breach settlement it’s splitting with Verizon Communications Inc., which bought and resold the Yahoo brand, a Delaware judge ruled. Vice Chancellor J. Travis Laster directed Altaba to add $341 million to the $59 million it previously reserved to fund the data breach settlement. Altaba is a holding company partway through… Source link

Google has invested in Bangalore-based Open, becoming the latest high-profile investor to back a neobanking platform. Open said on Tuesday it has raised $100 million in a Series C financing round. Singapore’s sovereign wealth fund Temasek led the round, and Google and Japan’s SBI Investment (not to be confused with SoftBank or India’s SBI bank) as well as existing investors Tiger Global and 3one4 Capital participated in it. The new round, which brings the four-year-old startup’s… Source link

Jamie Dimon, the CEO of the largest U.S. bank, took another jab at bitcoin bulls on Monday, alleging that the cryptocurrency may not be limited in quantity. “I’ll just challenge the group to one other thing: how do you know it ends at 21 million? You all read the algorithms? You guys all believe that? I don’t know, I’ve always been a skeptic of stuff like that,” said the JPMorgan Chase (JPM) CEO at an Institute for International Finance event on Oct. 11. The price of bitcoin was hovering… Source link

Millions of Android users were hit in a well-orchestrated premium text scam. Avishek Das/SOPA Images/LightRocket via Getty Images As many as 200 rogue Android apps made it onto the Google Play store, stealing people’s money by subscribing them to premium services without their consent, cybersecurity experts warned on Wednesday.  Researchers at cybersecurity company Zimperium claimed that around 10 million Android phones were likely infected, scoring the… Source link