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Tech News
Robinhood valued at $32 billion after promoting shares in IPO at $38 per share
Robinhood, whose stock trading app has become increasingly popular with retail investors, sold stocks for $ 38 apiece when it went public and valued the company at approximately $ 32 billion.Prior to Thursday's Nasdaq debut, Robinhood…
Fb Antitrust Swimsuit Dismissal Will Be Appealed, States Say
More than 40 state attorneys general on Wednesday said they planned to appeal the dismissal of their antitrust lawsuit against Facebook, setting up a protracted legal fight to rein in the power of the Silicon Valley giant.The states would…
Chinese language tech giants are snapping up gaming studios world wide
People play computer games in an internet café in Fuyang, China's Anhui Province.Lu Qijian | Visual China Group | Getty ImagesLONDON - After the US and Japan dominated the gaming arena for decades, China's influence is growing as its tech…
Microsoft had its most worthwhile quarter.
As the pandemic accelerated the cloud computing trend, Microsoft continued its string of strong financial results.Revenue for the three months ended June reached $ 46.2 billion, up 21 percent year over year, and earnings rose 47 percent to…
Simply Eat Takeaway faces strain from a high shareholder
An employee makes a pizza next to a Just Eat Plc branded delivery bag in the kitchen of The Fat Pizza takeaway pizza restaurant in Southend-on-Sea, U.K., on Thursday, Dec 19, 2019.Chris Ratcliffe | Bloomberg via Getty ImagesLONDON — Just…
Delays, Extra Masks and Obligatory Pictures: Virus Surge Disrupts Workplace-Return Plans
He didn't respond, but days later Apple posted an internal video showing company executives focusing on getting employees back to the office. In the video, Dr. However, Sumbul Desai, who heads Apple's digital health division, did not say…
Former Cisco CEO John Chambers discourages his start-ups from China
Former Cisco CEO John Chambers told CNBC on Monday he is discouraging the start-ups he's invested in from operating in China, citing Beijing's increasingly uncertain regulatory approach."I'm encouraging my startups not to do business in…
QR Codes Are Right here to Keep. So Is the Monitoring They Enable.
SAN FRANCISCO - When people walk into Teeth, a bar in San Francisco's Mission District, the doorman gives them options. You can order food and drinks at the bar, he says, or you can order via QR code.Every table in the teeth has a card…
Extra money chases Indian tech start-ups as buyers shun Chinese language names
Zomato's grocery delivery partner can be seen on a street in Kolkata, India.Debarchan Chatterjee | NurPhoto | Getty ImagesAt a time when investors are selling Chinese tech stocks, more money is chasing Indian startups.Zomato grocery…
Disinformation for Rent, a Shadow Trade, Is Quietly Booming
In May, several French and German social media influencers received a strange proposal.A London-based PR agency wanted to pay her to promote news on behalf of a client. A sophisticated three-page document detailing what to say and on which…