Apple CEO Tim Cook waves a checkered flag to the race winner at the Formula One United States Grand Prix Circuit of the Americas in Austin, Texas, on Oct. 23, 2022. Mike Segar | Reuters Apple will wind down its team working on electric cars, called Special Projects Group, according to Bloomberg. The news signals … Read more
MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images MicroStrategy‘s HODL strategy is continuing to reward investors. The company said on Monday that it acquired an additional 3,000 bitcoins for a … Read more
The New York Stock Exchange with a Hims & Hers Health, Inc banner is pictured as a person runs past in the Manhattan borough of New York City, New York, January 21, 2021. Carlo Allegri | Reuters Hims & Hers Health, the online provider of treatments for erectile dysfunction and hair loss, had its best … Read more
Federal Trade Commission Chair Lina Khan speaks during the New York Times annual DealBook Summit in New York City on Nov. 29, 2023. Michael M. Santiago | Getty Images Federal Trade Commission Chair Lina Khan cited the surging stock prices of Nvidia and Arm as an example of how blocking mergers can lead to increased … Read more
The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York on December 10, 2020. Kena Betancur | AFP | Getty Images When prosecutors announced the plea deal late last week of Shamoon Rafiq, who ran a $10 million scheme that duped investors into buying into pre-IPO tech companies like … Read more
Change Healthcare’s systems are down for the seventh day after a cyber threat actor gained access to its network last week. Parent company UnitedHealth Group said most U.S. pharmacies have set up electronic workarounds to mitigate the impact. UnitedHealth discovered that a “suspected nation-state-associated” threat actor breached part of Change Healthcare’s information technology network on … Read more
Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Thiago Prudencio | Lightrocket | Getty Images Sony Interactive Entertainment on Tuesday said it will lay off about 900 employees in its PlayStation unit, or 8% of its global workforce, becoming the latest technology company to announce headcount … Read more
Arvind Jain, co-founder and CEO of Glean, makes a selfie with employees of the startup, which is based in Palo Alto, Calif. Glean Artificial intelligence startup Glean attracted tech companies Databricks and Workday into its latest investment round. The Silicon Valley company also reeled in cash from Wall Street. Glean, whose software sifts through corporate … Read more
An Apple Vision Pro mixed reality (XR) headset is seen at Apple store in New York, United States on Feb. 3, 2024. Fatih Aktas | Anadolu | Getty Images Online brokerage firm eToro is exploring ways to bring its retail trading app to augmented and virtual reality headsets from Apple and Meta, the company’s CEO … Read more
Samsung Electronics’ flagship smartphones Galaxy S24 series are displayed during their unveiling ceremony in Seoul, South Korea, January 15, 2024. Kim Hong-ji | Reuters BARCELONA â Smartphone makers are talking a big game about artificial intelligence this year. And they’re so confident about features they’re cramming into their phones that they think it’ll drive a … Read more
