Jack Dorsey attends the cocktail party hosted by Chrome Hearts X Jordan Barrett at La Maison Du Caviar in Paris, France. Victor Boyko | Getty Images Entertainment | Getty Images When Twitter CEO Jack Dorsey told investors this week that he’s planning for a future with a more distributed workforce, his Bay Area peers could […]
Tag: Technology
Why Tesla stock seems expensive, even compared to other tech stocks
A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England. John Keeble | Getty Images News | Getty Images Tesla’s valuation has soared well past other automakers, even those which produce millions more cars each year, causing Morgan Stanley to take a look […]
Snowflake valued at $12.4 billion as Salesforce Ventures invests
Snowflake CEO Frank Slootman, far right, addresses the team at an all-hands meeting. Courtesy of Snowflake Snowflake, a developer of cloud-based technology for storing and analyzing data, is now worth $12.4 billion, making it one of the most valuable venture-backed companies in Silicon Valley. Salesforce’s corporate venture arm joined Dragoneer Investment Group in the $479 […]
Epic, about 60 hospitals sign letter opposing HHS proposed data rules
Judith Faulkner, CEO of healthcare IT giant Epic Systems. Source: Epic Systems Epic Systems CEO Judy Faulkner recently urged some of the largest health systems in the country to sign a letter opposing proposed rules designed to make it easier for patients to obtain their medical information and share it with apps. About 60 of […]
Democrats say they won’t use the failed Iowa app in Nevada caucuses
Caucus participants arrive to register in Des Moines, Iowa, U.S. February 3, 2020. Brian Snyder | Reuters The chair of the Democratic National Committee said on Tuesday that Democrats will not use the app involved in the disastrous Iowa caucuses for the Nevada election contest scheduled for Feb. 22 after reports showed that the state party […]
Dow up big, Tesla tops $900 in parabolic move
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images This is a live blog. Check back for updates. 3:11 pm:Â Tesla soars 21% at session high Shares of Tesla surged 21% to its session high of […]
TSLA jumps past $900 in early trading
Tesla stock is surging again, set to open Tuesday’s trading at a new record high as major shareholder Ron Baron forecast the company will top $1 trillion in revenue in a decade and as investors who bet against the stock scrambled to catch up. “I just can’t believe this freaking stock. It’s insane,” Roth Capital analyst […]
UK fintech Azimo secures EU loan; anticipates ‘messy’ Brexit talks
The Azimo logo displayed on a smartphone. Azimo Azimo, the U.K. money transfer start-up taking on the likes of Western Union and MoneyGram, has raised 20 million euros ($23 million) in debt financing from the European Union. The loan from the European Investment Bank (EIB), which is the lending arm of the EU, will help […]
Google still isn’t telling us about YouTube and cloud profits
Google CEO Sundar Pichai speaks during signing ceremony committing Google to help expand information technology education at El Centro College in Dallas, Texas, October 3, 2019. Brandon Wade | Reuters Alphabet told investors half the story by disclosing YouTube and cloud revenue numbers for the first time. But what about the other half? After facing […]
Payments giant Worldline to buy rival Ingenico amid fintech threat
Two European giants in the payments space are set to combine to create the industry’s fourth-largest player. France’s Worldline said it would buy domestic rival Ingenico in a deal consisting of 81% stock and 19% cash. The transaction gives Ingenico an implied equity value of 7.8 billion euros ($8.6 billion), Worldline said in a statement, […]
