The last time the price of bitcoin hit $20,000 was December of 2017. But Matt Luongo, the CEO of a crypto venture builder, points out to NBC News that this time the market is seeing “significant, high-conviction plays from [a few] large funds and even CEOs of publicly traded companies.” “Names like Guggenheim Partners, [hedge fund managers] Paul Tudor Jones and…
Tag: stock
High-Frequency Traders Push Closer To Light Speed With Cutting-Edge Cables
High-frequency traders are using an experimental type of cable to speed up their systems by billionths of a second, the latest move in a technological arms race to execute stock trades as quickly as possible. From a report: The cable, called hollow-core fiber, is a next-generation version of the fiber-optic cable used to deliver broadband internet to homes and businesses. Made…
Sluggish start for Arctic sea ice freeze-up
Early ice retreat amid warm Arctic air temperatures set the stage for the slow refreeze in 2020. Source: https://earthsky.org/earth/sluggish-start-for-arctic-sea-ice-freeze-up-2020…
GameStop Employees Surprised By New Shipment of PS5, Xbox Series X Consoles
An anonymous reader quotes a report from Bloomberg: GameStop employees across the country were caught by surprise on Saturday when the video-game chain suddenly announced new shipments of the highly coveted PlayStation 5 and Xbox Series X consoles, sending customers flocking to stores. Workers at the U.S. retailer, speaking to Bloomberg and posting on social media, said they had received little…
Vista Acquires IT Education Platform Pluralsight for $3.5B
The hectic M&A cycle we have seen throughout 2020 continued this weekend when Vista Equity Partners announced it was acquiring Pluralsight for $3.5 billion. From a report: That comes out to $20.26 per share. The company stock closed on Friday at $18.50 per share on a market cap of over $2.7 billion. With Pluralsight, Vista gets an online training company that…
Disney Stock Skyrockets 13% Friday to New All-Time High
CNN reports:
If it wasn’t abundantly clear that content is king, especially in the Covid-19 era, Disney hammered that point home Thursday when it previewed dozens of new series and movies for its Disney+ streaming service. And investors are loving it. Shares of Disney jumped 13% Friday to a new all-time high. The stock is now up more than 20% this year,…
Cyberpunk 2077 Bugs Hit CD Projekt
An anonymous reader shares a report: Numerous glitches reported by players as the long-awaited Cyberpunk 2077 game went live robbed creator CD Projekt of a stock surge on the back of encouraging advance-order sales figures. Poland’s biggest computer-games studio sold more than eight million copies of the futuristic title prior to its official release, mainly using higher-margin digital distribution. Excitement around…
FireEye, a Top Cybersecurity Firm, Says It Was Hacked By a Nation-State
An anonymous reader quotes a report from The New York Times : For years, the cybersecurity firm FireEye has been the first call for government agencies and companies around the world who have been hacked by the most sophisticated attackers, or fear they might be. Now it looks like the hackers — in this case, evidence points to Russia’s intelligence agencies…
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…
Curiosity rover spots signs of ancient megafloods on Mars
We already know that Gale Crater on Mars used to hold a lake or series of lakes a few billion years ago. Now, NASA’s Curiosity rover has found evidence for ancient giant floods that washed through the region as well. Source: https://earthsky.org/space/megafloods-gale-crater-mars-life-curiosity-rover…