Technology
Daiwa double upgrades Zoom, says market retreat presents a good entry point
The recent market sell-off that’s hard-hit the technology sector offers a “good entry point” for shares of Zoom Video , Daiwa Capital Markets said. Analyst Stephen Bersey double upgraded the popular stay-at-home beneficiary to outperform from underperform, saying in a Friday note to clients that the recent pullback in tech presents an excellent opportunity to […]
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BeReal is the latest buzzy social media app trying to go mainstream. Here’s how it works
Zoom In IconArrows pointing outwards BeReal | Jessica Bursztynsky Popular social media apps come and go with frequency, as developers try to find the next big that will go viral with Gen Z users. Most flame out long before reaching the status of an Instagram or Snapchat. Among the newbies gaining steam and aiming to […]
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Ex-Disney CEO Bob Iger takes stake in Australian design company Canva, which has been valued at $40 billion
Former Disney CEO Bob Iger has acquired a stake in Australian design company Canva and agreed to be an advisor to the closely held company. “We’re incredibly excited to welcome Bob Iger as an investor and advisor,” said Canva spokesman Lachlan Andrews in a statement. “Bob brings a wealth of experience after 15 years at the […]
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Recession-fearing investors keep slashing the fastest-growing cloud stocks
Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in New York on Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Tech investors finally got some relief this past week, as the Nasdaq broke a seven-week losing streak, its worst stretch since the dot-com bust […]
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Some investors got rich before a popular stablecoin imploded, erasing $60 billion in value
WASHINGTON — In May, the collapse of one of the most popular U.S. dollar-pegged stablecoin projects cost investors tens of billions of dollars as they pulled out in a panic that some have compared to a bank run. But before that, the stablecoin known as terraUSD (or UST, for short) and its sister token luna, […]
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Start-up investors are warning of dark days ahead as boom times are ‘unambiguously over’
Sean Gladwell | Moment | Getty Images Slow your hiring! Cut back on marketing! Extend your runway! The venture capital missives are back, and they’re coming in hot. With tech stocks cratering through the first five months of 2022 and the Nasdaq on pace for its second-worst quarter since the 2008 financial crisis, start-up investors […]
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This government lab in Idaho is researching fusion, the ‘holy grail’ of clean energy, as billions pour into the space
This is a close up view of an X-ray Photoelectron Spectroscopy system being used at the Idaho National Lab measuring surface chemistry on a potential candidate material to use for fusion. Masashi Shimada has been researching nuclear fusion since 2000, when he joined the graduate program at University of California San Diego. He’s currently the […]
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$60 billion collapse of major cryptocurrency is not the industry’s Bear Stearns moment — senators and regulators explain why
WASHINGTON — It’s been a brutal few weeks for the crypto market. Half a trillion dollars was wiped off the sector’s market cap as terraUSD, one of the most popular U.S. dollar-pegged stablecoins, imploded virtually overnight. Meanwhile, digital coins such as ether continue to take a beating on the price charts, as the sell-off keeps […]
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Apple union push faces setback as Atlanta organizers withdraw bid for vote, citing alleged intimidation and rising Covid cases
Shoppers walk past an Apple Store at Franklin Park Mall during Black Friday. Shoppers go to stores to take advantage of Black Friday sales during the COVID-19 pandemic. Stephen Zenner | SOPA Images | LightRocket | Getty Images A union vote at an Apple store at the Cumberland Mall location in Atlanta is in question […]
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Tech workers’ company shares slid in 2022 – and so has their wealth. Three steps they can take
Tech workers paid in equity are watching their wealth slide alongside their employers’ share prices this year, but the news may not be as bad as it seems. The Nasdaq Composite is down 23% for the year and is well entrenched in a bear market. Higher interest rates tend to hit tech companies especially hard, […]
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