Square has agreed to buy a majority stake in Tidal, the streaming music service led by rapper Jay-Z, as part of an effort to expand the company’s suite of financial tools to musicians and emerging artists. From a report: Square will pay $297 million in a mix of cash and stock to become Tidal’s “significant majority” owner, though Jay-Z and Tidal’s…
Tag: Market
Okta Says It’s Buying Security Rival Auth0 For $6.5 Billion
Okta, whose cloud software allows office workers to access all of their apps through a secure online service, said on Wednesday that it’s spending $6.5 billion to acquire rival Auth0. CNBC reports: Okta’s shares plunged about 13% in extended trading after the announcement. The all-stock deal equals about 21% of Okta’s market cap as of Wednesday’s close. Okta said it expects…
How Microsoft Plans To Give Virtual Reality Apps a Big Boost
The market for virtual and augmented reality products has developed slower than expected, but Microsoft is seeking to accelerate the sector by making it much easier for people to connect from different locations and with different kinds of devices. From a report: The ultimate goal of the new effort, dubbed Microsoft Mesh, is to allow, for example, a person in an…
Bitcoin Could Either Become Preferred Currency For International Trade Or Face a ‘Speculative Implosion,’ Citi Says
An anonymous reader quotes a report from Reuters: Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade. With the recent embrace of the likes of Tesla and Mastercard, bitcoin could be at the…
Bill Gates, Elon Musk Both Warn ‘Don’t Go Too Far with Crypto Speculation’
From a report:
Microsoft CEO Bill Gates has an interesting take on who should buy Bitcoins. He being the third richest man in the world said that Bitcoins are not for him because he has less money than Tesla CEO Elon Musk. So basically anybody who has less money than Musk should not invest in Bitcoin… Gates during an interview with Bloomberg…
Bill Gates Prefers ‘More Open Nature’ of Android, Regrets Microsoft’s Missing Phone Market
Bill Gates “prefers the more open nature of the Android ecosystem, as it’s more ‘flexible’ about how software interfaces with the OS,” reports PC Magazine, citing remarks Gates made on Clubhouse to CNBC’s Andrew Ross Sorkin: “I actually use an Android phone,” Gates told Sorkin. “Because I want to keep track of everything, I’ll often play around with iPhones, but the…
Apple’s Powerful M1 MacBooks are Lowering The Resale Value of Older MacBooks
“The impressive performance and battery life gains of the new M1 MacBooks have created a historic discontinuity in the normally placid resale market,” reports ZDNet: Should you spend $800 for a one year old MacBook Air when for $200 more you could get a MacBook Air with several times the performance and 50 percent better battery life? That’s a question savvy…
Dropping Nearly 20%, Bitcoin Suffers Worst Weekly Drop in a Year
“Bitcoin’s rally this year has hit a speed bump, putting it on track for the worst weekly slide in almost a year amid wider losses in risk assets,” reports Fortune: The largest cryptocurrency slumped as much as 20% this week, the most since March, and was holding at about $46,925 as of 10:22 a.m. in Hong Kong. The wider Bloomberg Galaxy…
Why an Animated Flying Cat With a Pop-Tart Body Sold for Almost $600,000
In the 10 years since Chris Torres created Nyan Cat, an animated flying cat with a Pop-Tart body leaving a rainbow trail, the meme has been viewed and shared across the web hundreds of millions of times. On Thursday, he put a one-of-a-kind version of it up for sale on Foundation, a website for buying and selling digital goods. In the…
Biden Lifts Trump-Era Ban Blocking Legal Immigration To US
President Joe Biden has lifted a freeze on green cards issued by his predecessor during the pandemic that lawyers said was blocking most legal immigration to the United States. From a report: Former President Donald Trump last spring halted the issuance of green cards until the end of 2020 in the name of protecting the coronavirus-wracked job market — a reason…