Hike, the messaging app backed by SoftBank Group that aimed to compete against WhatsApp in the world’s second-most populous country, shut down and vanished from app stores Monday. From a report: The startup valued at $1.4 billion in a 2016 funding round announced its app was going off the air earlier this month without explanation. The app started by billionaire-family scion…
Tag: Billionaire
Signal’s Brian Acton Talks About Exploding Growth, Monetization and WhatsApp Data-Sharing Outrage
Brian Acton is crossing paths again with Facebook. From a report: Over more than a decade of building and operating WhatsApp, the company’s co-founder first competed against and then sold his instant messaging app to the social juggernaut. Only a few years ago he parted ways with the company that made him a billionaire in a bitter split over messaging and…
Jack Ma’s Disappearing Act Fuels Speculation About Billionaire’s Whereabouts
Alibaba founder Jack Ma’s absence from public view in the past two months, including missing the final episode of a TV show on which he was to appear as a judge, has fueled social media speculation over his whereabouts amid a Chinese regulatory clampdown on his sprawling business empire. From a report: China’s highest-profile entrepreneur has not appeared in a public…
Elon Musk Tweeted About a Bitcoin Rival. It Soared 20%
“Bitcoin is almost as bs as fiat money,” Elon Musk tweeted on Sunday, and then followed it up with another tweet. “One Word: Doge.” “The tweet sent shares of Dogecoin up nearly 20% and landed it on the list of trending Twitter topics,” reports CNN. (Later that day Musk tweeted “i love all u crazy ppl out there.”) The tech billionaire…
MasterCard, VISA To Stop Processing Payments On Pornhub
An anonymous reader quotes a report from Reuters: Mastercard Inc said on Thursday it was ending the use of its cards on Pornhub after its investigation confirmed the presence of unlawful content on the sex videos site. Pornhub said on Tuesday it had banned video downloads and was allowing only certain partner accounts to upload content after a New York Times…
Jeff Bezos Shares Blue Origin Engine Test Footage
Friday on Instagram Jeff Bezos shared footage from NASA’s test of Blue Origin’s BE-7 engine, which he described approvingly as “a high-performance, additively manufactured liquid hydrogen/liquid oxygen lunar landing engine with 10,000 lbf [pound-force] of thrust — deep throttling down to 2,000 lbf for a precise landing on the Moon.” The test brings the program’s cumulative test time up to 1,245…
Elon Musk Would Consider Having Tesla Acquire a Legacy Automaker
Elon Musk would consider leveraging Tesla’s mega $554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Dopfner. From a report: Musk, who received an award Tuesday from the media giant, discussed his various interests and businesses, notably SpaceX and…
Tesla Whistleblower Martin Tripp Ordered To Pay $400,000 To Settle Hacking Case
An anonymous reader quotes a report from The Verge: Martin Tripp, the former Tesla worker who has been embroiled in a bitter legal battle with CEO Elon Musk for over two years, was ordered to pay his former employer $400,000 after admitting to leaking confidential information to a reporter. The settlement is intended to bring an end to one of the…
Bloomberg Columnist: Bitcoin is Part of a Real Monetary Revolution
In an eloquent essay, Scottish-American historian Niall Ferguson argues that “We are living through a monetary revolution so multifaceted that few of us comprehend its full extent.” The technological transformation of the internet is driving this revolution. The pandemic of 2020 has accelerated it… Covid-19 has been good for Bitcoin and for cryptocurrency generally. First, the pandemic accelerated our advance into…
Dyson Pledges New Investment Into AI, Robotics and Batteries
Dyson will invest an additional 2.75bn pound ($3.67 billion) on developing technologies and products over the next five years [Editor’s note: the link may be paywalled; alternative source], as the appliances brand pushes deeper into areas such as artificial intelligence, robotics and energy storage. From a report: The company founded by billionaire James Dyson and famous for its vacuum cleaners said…