Tag Archives: sold

Larry Page, left, and Sergey Brin, co-founders of Google Inc. JB Reed | Bloomberg | Getty Images Google founders and controlling Alphabet stakeholders Larry Page and Sergey Brin have sold more than $1 billion worth of stock combined since May of this year. Beginning in May, the two sold Class A and Class C shares worth more than $1.07 billion, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Brin’s sales total more than $610 million, while Page’s sales… Source link

symbol indicating a place to charge an electric car with energy in Catalonia Spain According to a Bank of America Global Research (BAC) report, there is a looming threat of the global battery supply for electric vehicles (EVs) running dry by as early as 2025. “Our updated EV battery supply-demand model suggests the global EV battery supply will likely hit [a] ‘sold-out’ situation between 2025-26, with its global operating rates reaching above 85%,” the report reads. The report states… Source link

Google is doing various deals with American defense agencies. One unreported contract from 2020 … [+] shows how its cloud and AI tools could prove useful to the Pentagon. (Photo by Drew Angerer/Getty Images) Getty Images Amidst concerns over Big Tech sales of AI technology to the Pentagon, Google furnished the Department of Defense with cloud software and artificial intelligence tools to help the agency deal with the Covid-19 pandemic, according to a previously undisclosed… Source link

BERKELEY, Calif. (Reuters) – Long-time Tesla Inc executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10, according to a filing with the Securities and Exchange Commission (SEC). The filing, which was submitted to the SEC on Tuesday, said that Guillen expected to sell 215,718 shares for $129 million that day, and that he offloaded another 145,289 stocks worth $89.6 million on… Source link

(Bloomberg) — For a second week, the crypto market is being ruled by tweets from billionaire Elon Musk. The Tesla Inc. chief sent Bitcoin rallying back above $45,000 on Monday after clarifying that the company hasn’t sold any holdings of the digital token. It’s the latest post to whipsaw prices across the industry and fuel speculation over just why the electric-car pioneer is issuing crypto missives on a daily basis on Twitter. “He has to wake up to the reality that with his following,… Source link

Sergey Brin attends the 2019 Breakthrough Prize at NASA Ames Research Center on November 4, 2018 in … [+] Mountain View, California. Photo by Kelly Sullivan/Getty Images for Breakthrough Prize Googl GOOG e cofounder Sergey Brin sold $32.7 million worth of Alphabet shares last week, marking his first sale of the tech giant’s stock since 2017. According to SEC filings, Brin sold 13,889 Alphabet shares on Friday—a tiny sliver of his more than 38 million shares in the… Source link

Verizon confirmed earlier this week that its Verizon Media division would be sold to Apollo Global Management, only four years after it was founded. The subsidiary includes brands like AOL and Yahoo with all its various offerings. Verizon will retain a 10% stake in the company, but at the cost of $5 billion for the transaction, it’s a fraction of the original purchase price. Verizon acquired AOL in 2015 for $4.4 billion and a year later made a $4.48 billion offer for Yahoo’s core… Source link

Underdog Fantasy Raises $10 Million From Kevin Durant, Mark Cuban, Jared Goff and Others By Andrew Cohen May 3, 2021 Fantasy sports app Underdog Fantasy has raised $10 million from a group of investors that includes Dallas Mavericks owner Mark Cuban, Brooklyn Nets star Kevin Durant, Detroit Lions quarterback Jared Goff, and ESPN’s Adam Schefter.   The round was led by angel investor Kevin Carter, who is an advisor at SV Angel, and included investments from music stars such… Source link

[unable to retrieve full-text content]Yahoo sold again in new bid to revive its fortunes  BBC News Source link

Yahoo and AOL, two of the Internet’s oldest and best-known brands, will have a new owner. Again. Verizon announced it is spinning off the properties, which it acquired in separate transactions in 2015 and 2017, to the private equity firm Apollo, in a deal valued at $5 billion. In buying AOL and Yahoo, Verizon was hoping to partake of some of the big advertising dollars that large tech companies like Facebook and Google were raking in. However, that bet didn’t quite pay off as it had hoped,… Source link