Internet
Bitcoin came close to falling below $20,000 as investors continue to flee cryptocurrencies
Bitcoin and and other cryptocurrencies are in free fall. Dan Kitwood | Getty Images The sell-off in cryptocurrencies deepened even further on Wednesday, with bitcoin sinking very close to the key level of $20,000. Bitcoin plunged as much as 10% to an intraday low of $20,166, according to Coinbase data. It was last trading at […]
Read More
Qualcomm wins fight against $1 billion EU antitrust fine
Qualcomm Inc. President and CEO Cristiano Amon speaks during the company’s press event for CES 2022 at the Mandalay Bay Convention Center on January 4, 2022 in Las Vegas, Nevada. CES, the world’s largest annual consumer technology trade show, is being held in person from January 5-7, with some companies deciding to participate virtually only […]
Read More
Netflix is planning a ‘Squid Game’ reality show with a record $4.56 million cash prize
Netflix has opened casting for the show to English-language speakers around the world. Tang Ke | Future Publishing | Getty Images Netflix is doing “Squid Game” for real (without any of the blood and gore). The streaming platform has approved a reality TV series called “Squid Game: The Challenge,” which will pit 456 contestants against […]
Read More
Bill Gates says crypto and NFTs are ‘100% based on greater fool theory’
Bill Gates Gerard Miller | CNBC Bill Gates is not a fan of cryptocurrencies or non-fungible tokens. Speaking at a TechCrunch talk on climate change Tuesday, the billionaire Microsoft co-founder described the phenomenon as something that’s “100% based on greater fool theory,” referring to the idea that overvalued assets will go up in price when […]
Read More
Investors worry another possible crypto collapse will bring down other key players
Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images A liquidity crisis at cryptocurrency lending firm Celsius has investors worried about a broader contagion that could bring down other major players in the market. Celsius recently moved to pause all account withdrawals, sparking fears that it may be about to go bust. The […]
Read More
Elon Musk to address Twitter employees for first time in town hall
SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, March 2, 2019. Mike Blake | Reuters Elon Musk will speak to […]
Read More
Bitcoin’s plunge spells trouble for the dot-com era entrepreneur who went all in
Michael Saylor, chairman and chief executive officer of MicroStrategy, first got into bitcoin in 2020, when he decided to start adding the cryptocurrency to MicroStrategy’s balance sheet as part of an unorthodox treasury management strategy. Eva Marie Uzcategui | Bloomberg | Getty Images Having once lost $6 billion at the height of the dotcom bubble, […]
Read More
Google offers to let ad rivals place YouTube ads in EU antitrust probe
A woman passes the logo from the web search engine provider Google during the digital society festival ‘re:publica’, at the Arena Berlin in Berlin, Germany June 9, 2022. Annegret Hilse | Reuters Google parent Alphabet has offered to let rival ad intermediaries place ads on YouTube to address a crucial part of an EU antitrust investigation […]
Read More
Crypto lender Celsius pauses withdrawals due to ‘extreme market conditions’
Celsius CEO Alex Mashinsky. Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Celsius, a controversial cryptocurrency lending platform, said Monday it was pausing all withdrawals, causing more pain in the fragile crypto market. Celsius is one of the largest players in the nascent crypto lending space, with more than $8 billion lent […]
Read More
Amazon is flying internet influencers to luxurious resorts in bid for social media clout
Sivan Ayla, a social media creator, hosted a workshop on Amazon’s influencer program at a recent paid getaway in Mexico. Amazon Influencer Program For three days in May, more than a dozen stars of Instagram, YouTube and TikTok convened in the coastal town of Todos Santos, Mexico, where they were treated to sunset dinners and […]
Read More