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: stock
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…
Reddit CEO Says Platform Doesn’t Plan To Ban Pornography
Reddit CEO Steve Huffman said in an interview that the company supports pornography on its platform, as long as it’s not exploitative. From a report: “You can look at [porn] as exploitative. And, indeed, much of it is. And that’s not the content that we want on Reddit,” Huffman told Axios. “But there’s another aspect that’s empowering. And these are people…
Did ‘Tens of Thousands’ of Bot Accounts Hype GameStop’s Stock and Dogecoin?
Reuters reports: Bots on major social media platforms have been hyping up GameStop Corp and other “meme” stocks, according to an analysis by Massachusetts-based cyber security company PiiQ Media, suggesting organized economic or foreign actors may have played a role in the Reddit-driven trading frenzy… it is unclear how influential they were in the overall saga… PiiQ said it identified very…
Coinbase Says Entire Crypto Market Could Destabilize if Bitcoin’s Creator is Ever Revealed or Sells Their $30 Billion Stake
Coinbase on Thursday released documents for its public debut on the Nasdaq stock exchange via a direct listing. In the filing, the digital trading platform cited as a risk factor Bitcoin’s creator, Satoshi Nakamoto — the pseudonym used by the person or group of people who created bitcoin. From a report: If the identity of the creator was revealed, it could…
Repotting Plants Without Killing Them
Repotting plants can seem like an intimidating or messy task, but with the right information, and a little practice, it is a rather fun activity for you and your plants. In this article: What Does Repotting Plants Mean? Why Is It Important to Repot Plants? What Are the Signs That Plants Need Repotting? When Is…Continue Reading
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Bill Gates Questions Societal Value of ‘GameStop’ Mania, Argues It’d Be ‘Good to Get Rid of’ Bitcoin
The price of bitcoin — now over $57,000 — has nearly doubled in the last 7 weeks. Even Elon Musk tweeted that its price seems high — though one analyst tells Bloomberg that Tesla has already made a profit of nearly $1 billion from its recent Bitcoin investment, more than it earned selling electric cars in all of 2020. Yet speaking…
What is the Milky Way?
When someone says “Milky Way,” do you think of the starry pathway across our sky, or of the great pinwheel-shaped galaxy in space? Both are correct! Source: https://earthsky.org/astronomy-essentials/what-is-the-milky-way-galaxy…
The Rich Got Richer: GameStop’s Trading Frenzy Benefited Wall Street’s Elite
While GameStop’s surge has been heralded as a victory for underdogs, “Growing evidence casts doubt on the idea that the episode mostly benefited small-time investors…” reports the Washington Post. (Alternate URLs here and here “And, in at least some cases, novice investors lost their shirts.” Giant mutual funds that own the largest stakes in GameStop saw the biggest gains in value….
Canadian Regulator Clears Launch of World’s First Bitcoin ETF
Canada’s main securities regulator has cleared the launch of the world’s first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest. Reuters reports: The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a…