Technology
U.S. private equity giant Thoma Bravo acquires SailPoint for $6.9 billion
Mark McClain, Co-founder and CEO of Sailpoint Technologies Holdings rings the opening bell to celebrate his company’s IPO at the New York Stock Exchange (NYSE) in New York, November 17, 2017. Brendan McDermid | Reuters U.S. private equity giant Thoma Bravo has acquired SailPoint in an all-cash deal worth about $6.9 billion, the cybersecurity company […]
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Shopify plans a 10-for-1 stock split, eyes ‘founder share’ to protect CEO’s voting power
The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. Chris Wattie | Reuters Ecommerce start-up Shopify said Monday it is planning a 10-for-1 stock split, while seeking shareholder approval for a “founder share” for its CEO Tobi Lutke to increase his voting power. Upon shareholders’ approval, Shopify will […]
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Twitter shares fall after Elon Musk abandons plan to join board
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter shares fell in premarket trading Monday after CEO Parag Agrawal revealed that Elon […]
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Video shows what happens when a driverless car gets pulled over
A recent video posted online shows a driverless Cruise car getting pulled over in San Francisco by police who found the autonomous vehicle didn’t have anyone behind the wheel. In the video posted on April 1, the Cruise car initially pulls over to the side of the road and stops as a cop approached the […]
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How Amazon plans to fix its massive returns problem
Amazon is handling a rapidly growing number of returns that are causing a massive problem for the e-commerce giant and the planet. A National Retail Federation survey found a record $761 billion of merchandise was returned to retailers in 2021. That amount surpasses what the U.S. spent on national defense in 2021, which was $741 […]
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Elon Musk suggests people who subscribe to Twitter Blue should be able to pay with dogecoin
Tesla CEO Elon Musk, shown here in March, proposed a series of changes to Twitter’s subscription service, including price changes and the option to pay in dogecoin. Patrick Pleul | AFP | Getty Images Elon Musk is tweeting about Twitter again. This time, he’s come up with a slew of suggestions for Twitter Blue, the […]
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Should cars drive like humans or robots? Tesla forces the question
A Tesla Model Y electric vehicle is displayed on a showroom floor at the Miami Design District on Oct. 21, 2021, in Miami, Florida. Joe Raedle | Getty Images Matt Smith didn’t necessarily mind that the software inside his Tesla would occasionally skirt a traffic law. For a while, his Tesla Model Y was programmed […]
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Tesla returns were supposed to be easy, but this customer has been waiting more than 2 years for a Model X refund
Danny Roman runs a sustainable, outdoor adventure company that gives biking and hiking tours in Southern California. Danny Roman Danny Roman bought a new Tesla Model X and took delivery of the car on Feb. 28, 2020. Three days later, he informed the company he was returning the electric SUV under the seven-day, no-questions-asked policy […]
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Cathie Wood says banks have a ‘big problem’ thanks to crypto
Cryptocurrency was initially created to sidestep old institutions – and banks may finally be feeling themselves get disrupted, Ark Invest CEO Cathie Wood said. Known for her high risk high reward strategy, Wood told CNBC’s “Crypto World” Thursday that the amount of interest investors are showing in DeFi, or decentralized finance, applications could threaten the […]
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Tesla, Block and Blockstream team up to mine bitcoin off solar power in Texas
Solar panels are seen in this drone photo at the Impact solar facility in Deport, Texas, July 15, 2021. Drone Base | Reuters MIAMI — Blockstream and Jack Dorsey’s Block, formerly Square, are breaking ground on a solar- and battery-powered bitcoin mine in Texas that uses solar and storage technology from Tesla. Tesla’s 3.8 megawatt […]
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