Technology
Hong Kong’s ‘Mr. Metaverse’ on why he’s placing a big Web3 bet against Mark Zuckerberg
In the evolving metaverse economy, Yat Siu, the founder of a once little-known mobile gaming startup, is becoming known by a nickname: Mr. Metaverse. He’s pivoting his Hong Kong-based company Animoca Brands to help shape Web3 in a way that he says will offer an alternative to the tech giants — from Meta to Microsoft, […]
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Twitter can’t afford to reject Elon Musk’s takeover offer if it’s serious, Wall Street analysts say
Elon Musk offered to buy Twitter and take it private, sending shares higher on Thursday morning. Here’s what Wall Street analysts think of the proposed deal. Source
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Andy Jassy says he doesn’t own bitcoin, says Amazon could one day sell NFTs
Amazon CEO Andy Jassy told CNBC on Thursday he doesn’t own any bitcoin, but that he’s optimistic about the future of cryptocurrencies and nonfungible tokens. “I don’t have bitcoin myself,” Jassy told CNBC’s Andrew Ross Sorkin in a “Squawk Box” interview. “You know, I expect that NFTs will continue to grow very significantly.” “We’re not […]
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Twitter’s CEO warned of distractions days before Musk offered to buy the company
Entrepreneur and business magnate Elon Musk gestures during a visit at the Tesla Gigafactory plant under construction, on August 13, 2021 in Gruenheide near Berlin, eastern Germany. Patrick Pleul | AFP | Getty Images Days before Tesla CEO Elon Musk put in a bid Thursday to buy Twitter for $43 billion, Twitter CEO Parag Agrawal […]
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Amazon CEO Jassy just released his first annual shareholder letter since taking over from Bezos
Amazon CEO Andy Jassy on Thursday published his first annual shareholder letter since taking over the helm from founder Jeff Bezos last year. Jassy wrote about the enormous growth Amazon experienced during the coronavirus pandemic, particularly in its core retail business, as people cut their trips to the store and relied on the e-commerce giant […]
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Leaked documents show notorious ransomware group has an HR department, performance reviews and an ’employee of the month’
Conti — which uses malware to block access to computer data until a “ransom” is paid — operates much like a regular tech company, say cybersecurity specialists who analyzed the group’s leaked documents. eclipse_images A Russian group identified by the FBI as one of the most prolific ransomware groups of 2021 may now understand how […]
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Amazon slaps U.S. sellers with 5% fuel and inflation surcharge
Peter Endig | AFP | Getty Images Amazon said Wednesday it plans to add a fuel and inflation surcharge of roughly 5% to existing fees it collects from U.S. third-party sellers who use the company’s fulfillment services. The fee will go into effect in about two weeks, and is “subject to change,” the company said […]
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We sent bitcoin from Miami to a Ukrainian in Poland who withdrew it as cash, all in less than three minutes
Alena Vorobiova hadn’t thought much about bitcoin before Russia invaded Ukraine in February. Fast forward to border closures and shelling on her hometown, cash shortages at ATMs across the country, and the central bank suspending electronic cash transfers — and she decided to give bitcoin a try. Whereas money providers often charge transfer fees of […]
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Peloton activist Blackwells Capital takes aim at new CEO, again pushes for sale
A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Activist Blackwells Capital is reiterating its push for Peloton to consider a sale, arguing that the connected fitness company has made little to no progress under new Chief Executive Barry McCarthy, according to a new […]
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How Google plans to use 100% carbon-free energy in its data centers by 2030
Google’s data centers around the world use about twice as much electricity as the city of San Francisco. In total, Google used 15.5 terawatt hours of electricity in 2020 and the majority of that goes to its data centers. (It hasn’t made 2021 figures available.) The amount of energy Google uses is growing as overall […]
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