Elon Musk, CEO of Tesla Motors and the wealthiest person in the world, is attempting to take his fascination with the social media platform Twitter to another level. Musk recently made public his offer to buy Twitter for $40+ billion at $54.20 per share.
https://twitter.com/elonmusk/status/1514564966564651008
Twitter is Musk's social media of...
Nvidia's plans to acquire chip designer Arm from Softbank are officially off the table. The news was confirmed by both companies via press release on Tuesday.
Nvidia previously agreed to purchase Arm for $40 billion in cash and stocks back in late 2020. The news caused Nvidia's stocks to soar,...
Technology conglomerate Alphabet, the parent company of Google and multiple former Google subsidiaries, released its quarterly earnings statement on Tuesday and revealed some big news in the process. Aside from reporting a 36 percent increase in profit in the last three months of 2021, the company also unveiled plans...
U.K.-based digital banking app Revolut has signaled its intention to enter the U.S. market by launching a commission-free stock trading platform for United States stocks, the company announced on Wednesday. This move will see the company compete with financial services companies such as Charles Schwab Corp. and fellow digital...
Self-driving tech startup Nuro announced on Wednesday that it will be launching an autonomous driving delivery service for 7-Eleven in California, the first of its kind in the state. The service will make use of Toyota Priuses that have been converted into autonomous vehicles while safety drivers will remain...
Technology conglomerate Tencent Holdings has been subjected to further scrutiny from China, with the government now instructing Tencent to submit any new apps and updates for inspections before their release. According to Chinese financial media outlet Yicai, this new requirement comes after several of Tencent's apps were found to...
As a result of stark valuation increases and significant gains, big tech stocks have soared throughout the year. Despite their strong performances, however, many investors are looking to diversify away from this long-time successful sector.
Because of their long-term gains, investors are skeptical about the likelihood that tech stocks can...
Edutech company Udemy fell 5.2% on Friday after making its stock market debut with an IPO of $29 per share. The company's share price was listed at $27.50 as the markets closed on Friday evening, giving Udemy a valuation of $3.8 billion.
The San Francisco-based massive open online course provider...
Swedish media company NENT is posing a major challenge to leading streaming services such as Netflix and Disney+ in Nordic countries, gaining 322,000 subscribers in the third quarter to its streaming service Viaplay. As a result, the company's customer base has grown by 28%.
While the company was able to...
Tech startup Plume announced that it has raised over $300 million, mostly from SoftBank Group Corp Vision Fund 2. This round of fundraising has boosted the company's value to $2.6 billion. The Silicon Valley-based company, which aims to provide consumers with a better Wi-Fi experience, built the world's first...