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: shareholders
Coursera Receives B Corp™ Certification
By Jeff Maggioncalda, CEO Coursera Today, we are proud to announce that Coursera has received B Corp certification from B Lab, an independent non-profit organization, for meeting rigorous standards of social and environmental performance, accountability, and transparency. We have also converted to a Public Benefit Corporation. Now we have a legal duty not only to […]
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Coinbase Settles On Direct Listing To Go Public
In a blog post today, Coinbase announced that its public debut will be a direct listing instead of a traditional IPO. From the announcement: Coinbase Global, Inc. today announced its intent to become a publicly-traded company pursuant to a proposed direct listing of its Class A common stock. Such proposed listing is expected to be pursuant to a registration statement on…
Netflix Is Finally Adding a Streaming Roulette Feature As It Clinches 200 Million Subscribers
Netflix has officially amassed 200 million subscribers, sending shares soaring 12%. As it continues to compete with rival services, Netflix says it’s preparing to roll out a new feature that will allow the service to pick a title based on a user’s preferences rather than requiring them to browse for something to watch. Gizmodo reports: Netflix said in its fourth-quarter shareholders…
Salesforce Acquires Slack in a $27.7B Deal
Salesforce and Slack Technologies have entered into a definitive agreement under which Salesforce will acquire Slack. In a statement, the two companies said: Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of…
HP Replaces ‘Free Ink for Life’ Plan With ’99 Cents a Month Or Your Printer Stops Working’
In a new essay at EFF.org, Cory Doctorow re-visits HP’s anti-consumer “security updates” that disabled third-party ink cartridges (while missing real vulnerabilities that could actually bypass network firewalls). Doctorow writes that it was just the beginning: HP’s latest gambit challenges the basis of private property itself: a bold scheme! With the HP Instant Ink program, printer owners no longer own their…
Former Google CEO Calls Social Networks ‘Amplifiers for Idiots’
Former Google Chief Executive Officer Eric Schmidt said the “excesses” of social media are likely to result in greater regulation of internet platforms in the coming years. From a report: Schmidt, who left the board of Google’s parent Alphabet in 2019 but is still one of its largest shareholders, said the antitrust lawsuit the U.S. government filed against the company on…
Someone Bought a T. Rex Skeleton for a Record-Breaking $31.8 Million
The remains of a Tyrannosaurus rex that lived some 67 million years ago have been sold at auction for $31.8 million, a world record for a fossilized dinosaur. From a report: The near-complete T. rex skeleton, named “Stan,” now belongs to an anonymous buyer who secured the milestone bid at the “20th Century Evening Sale” held Tuesday at Christie’s in New…
Tesla’s Elon Musk Promises Full Self-Driving Autopilot Beta In ‘A Month Or So’
“I think we’ll hopefully release a private beta of Autopilot — the full self-driving version of autopilot — in, I think a month or so?” CEO Elon Musk said this week at Tesla’s annual shareholder meeting/Battery Day event. “And then people will really understand the magnitude of the change,” said Musk adding, “It’s profound. You’ll see what it’s like, it’s amazing.”…