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Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim’s Minerd says
Scott Minerd, Guggenheim Partners LLC Global Chief Investment Officer, at the WEF in Davos, Switzerland on May 23rd, 2022. Adam Galici | CNBC Bitcoin could drop further and fall to $8,000 from its current levels, Guggenheim Chief Investment Officer Scott Minerd predicted Monday. That would represent a more than 70% drop to Monday morning’s price of […]
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How Elon Musk’s Twitter takeover plans shook Wall Street and social media
Elon Musk wears many hats as Tesla CEO, SpaceX CEO, and founder of the Boring Company and Neuralink. He’s also a prolific Twitter user. The news that Musk made a $44 billion offer to buy Twitter and potentially become the social media company’s CEO has sent shock waves through Wall Street and social media. “Forty-four […]
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Democratic senators concerned about phone location data being used to track people seeking abortions
U.S. Senator Amy Klobuchar speaks during a protest outside the U.S. Supreme Court after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in Washington, D.C., May 3, 2022. Elizabeth Frantz | […]
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Elon Musk visits Brazil to discuss Amazon with Bolsonaro
Brazil’s president Jair Bolsonaro gestures as he arrives at a hotel to participate in a news conference about the Amazon rainforest and to meet with Elon Musk, according to ministers, in Porto Feliz, Sao Paulo state, Brazil May 20, 2022. Amanda Perobelli | Reuters Elon Musk traveled to Brazil on Friday to discuss projects to […]
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Musk denies ‘wild accusations’ against him in an apparent reference to harassment report
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett SpaceX founder Elon Musk said in a tweet late Thursday that “wild accusations” […]
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New bipartisan bill would force Google to break up its ad business
CEO of Alphabet and Google Sundar Pichai Mateusz Wlodarczyk | Nurphoto | Getty Images A new bipartisan proposal takes aim at Google and would force it to break up its digital advertising business if passed. The Competition and Transparency in Digital Advertising Act was introduced Thursday by a group of key Senators on the Judiciary […]
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Labor group accuses Apple of interrogating, surveilling staff at World Trade Center store
Customers shop at the new Apple Store at the World Trade Center shopping mall in New York City. Getty Images Communications Workers of America is accusing Apple of violating federal labor law at its World Trade Center store in New York City. CWA alleged in an Unfair Labor Practice filing with the National Labor Relations […]
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Amazon’s Twitch, Discord, 4chan face New York AG probe after Buffalo shooting
New York State Attorney General Letitia James in New York City, November 19, 2019. Lucas Jackson | Reuters New York Attorney General Letitia James will investigate social media companies including Amazon’s Twitch in connection to the apparently racially-motivated shooting at a Buffalo supermarket that left 10 dead and three injured. James’ office will also focus […]
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Facebook’s IPO 10 years later — new name, same CEO and a familiar problem
A decade ago, Facebook told the public markets that it was pouring money into smartphone apps because mobile usage was key to the company’s growth, even though it did “not currently directly generate any meaningful revenue” at the time. That was in the prospectus for its Nasdaq debut, which took place ten years ago Wednesday […]
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China has signaled easing of its tech crackdown — but don’t expect a policy U-turn
China has shown signs of easing its crackdown on the technology sector which has wiped billions of dollars of value from its most prominent companies. But analysts said Beijing’s recent positive rhetoric should not be mistaken for a reversal of policy. “I think the big tech companies will have a grace period for maybe the […]
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