Visa will no longer be buying fintech upstart Plaid, as the companies on Tuesday announced the “mutual termination” of the $5.3 billion agreement that was signed one year ago and opposed by U.S. antitrust regulators. From a report: This is more about the rising value of fintech companies than it is about the U.S. Justice Department. It also turns Plaid into…
Tag: price
Razer Has Created a Concept N95 Mask With RGB and Voice Projection
Razer has created a concept reusable N95 respirator called Project Hazel, featuring Chroma RGB LEDs and microphones and amplifiers to project your voice. The Verge reports: It’s a concept design with a glossy outside shell made of waterproof and scratch-resistant recycled plastic, which is transparent to allow for lip-reading and seeing facial cues when you chat with people. Currently, there isn’t…
Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes
Stefan Thomas, a German-born programmer living in San Francisco, has two guesses left to figure out a password that is worth, as of this week, about $220 million. From a report: The password will let him unlock a small hard drive, known as an IronKey, which contains the private keys to a digital wallet that holds 7,002 Bitcoin. While the price…
Record number of billion-dollar disasters in U.S. in 2020
Last year, the U.S. experienced a record-smashing 22 weather and climate disasters that killed at least 262 people and injured scores more. Damages exceeded $1 billion each and totaled approximately $95 billion for all 22 events. Source: https://earthsky.org/earth/record-number-billion-dollar-disasters-us-2020…
Staples Offers To Buy Office Depot For $2.1 Billion
For the third time, Staples is proposing to buy rival Office Depot in a $2.1 billion deal. CNN reports: The $40-per-share offer price for Office Depot’s parent company, ODP Corp., is a roughly 60% premium over its average closing price for the last 90 trading days. The all-cash transaction, according to Staples, is a “compelling value proposition” and is a “superior…
China Gives US Tech the Silent Treatment
Patience may be a virtue. For U.S. tech companies looking to do deals that involve China, it is also an expensive necessity. From a report: Cisco Systems and Applied Materials each received different lessons on that score last week. On Friday, Cisco found its $2.6 billion deal to buy Acacia Communications in serious jeopardy after Acaia announced it was terminating the…
Amazon, Walmart Are Telling Some Consumers to Skip Returns of Unwanted Items
Amazon, Walmart, and other companies are using artificial intelligence “to decide whether it makes economic sense to process a return,” reports the Wall Street Journal: For inexpensive items or large ones that would incur hefty shipping fees, it is often cheaper to refund the purchase price and let customers keep the products. The relatively new approach, popularized by Amazon and a…
DoorDash Is Hiking Customer Fees To Pay For a Law It Helped Write
An anonymous reader quotes a report from Motherboard: In the months since a coalition of app-based gig companies successfully passed Prop 22 in California, exempting themselves from reclassifying their workers as employees, DoorDash has been silently passing costs onto consumers. The company-funded Yes on Prop 22 campaign claimed that not passing the ballot initiative would result in higher prices for consumers,…
Elon Musk is Now the Richest Person in the World
Elon Musk just became the richest person in the world, with a net worth of more than $185 billion. From a report: Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion. Musk’s wealth surge over the past year marks the fastest rise to the…
Graphics Cards Are About To Get a Lot More Expensive, Asus Warns
Ever since Nvidia’s GeForce RTX 30-series and AMD’s Radeon RX 6000-series graphics cards launched last fall, the overwhelming demand and tight supply, exacerbated by a cryptocurrency boom, has caused prices for all graphics cards to go nuts. Brace yourself: It looks like it’s about to get even worse. From a report: In the Asus DIY PC Facebook group, Asus technical marketing…