Coinbase Opens at $102 Billion Valuation on First Day of Public Trading
Cryptocurrency exchange Coinbase opened trading on Wednesday at $381 per share, giving it a fully diluted market value of around $102 billion. From a report: This is a slight premium to the most recent private trades for Coinbase stock, and more than.....»»
6 public auto dealership groups challenged by inflation, lower profit per vehicle
Asbury, AutoNation, Group 1, Lithia, Penske and Sonic continue turning to acquisitions or growing service and parts operations for new revenue sources......»»
Apple releases fourth dev and public betas for iOS 17.5, macOS Sonoma 14.5, and more
The weekly iOS 17.5 beta train continues today with the fourth developer release. Apple is also testing macOS Sonoma 14.5, visionOS 1.2, watchOS 10.5, tvOS 17.5, and HomePod 17.5. Public betas are also incoming on the same day. more….....»»
macOS Sonoma 14.5 Release Approaches
Apple’s macOS Sonoma 14.5 update for Mac took another step toward its public release today. The company has pushed the fourth version of the macOS Sonoma 14.5 beta to developers and those using the public version of the beta. The release comes.....»»
Health care giant comes clean about recent hack and paid ransom
Ransomware attack on the $371 billion company hamstrung US prescription market. Enlarge (credit: Getty Images) Change Healthcare, the health care services provider that recently experienced a ransomware attack that hamst.....»»
Immunizing consumers against bad news can protect brands, says study
Abercrombie & Fitch. Balenciaga. Starbucks. In recent years, these brands and many others have faced extreme public backlash due to insensitive comments from executives, changes to loyalty programs, controversial advertising decisions, and more......»»
iOS 17.5 Update for iPhone Gets Even Closer
The iOS 17.5 update for iPhone got another step closer to its public release today. The company today released the fourth version of the iOS 17.5 beta with the release coming a week after it pushed the third version of the beta. The fourth iOS 17.5 b.....»»
FTC fines Razer for every cent made selling bogus “N95 grade” RGB masks
“Deceptive advertising and misinformation posed a risk to public health." Enlarge (credit: Razer) The Federal Trade Commission (FTC) announced this week a proposed settlement [PDF] against Razer that would see the tec.....»»
Why Honda chose Canada for its $11 billion EV hub
Taking advantage of production subsidies offered by the U.S. may have put the company ahead financially, but Canada’s tax credits came with no uncertainty......»»
AI hardware is like trying to invent the iPod after the iPhone
For some reason which utterly eludes me, 2024 seems to be the year of AI hardware. We’ve had the Humane AI Pin, the Rabbit R1, and even former Apple design chief Jony Ive reportedly seeking a billion-dollar bet for his own attempt. Reviews of Hu.....»»
Island raises $175 million at $3 billion valuation
Island announced its $175 million Series D financing. The new funding round brings Island’s valuation to $3 billion, doubling the last valuation from less than a year ago. The round was led by new investor Coatue and existing investor Sequoia Capit.....»»
Tesla to lay off everyone working on Superchargers, new vehicles
Tesla is also getting rid of its public policy team, despite robotaxi ambitions. Enlarge / Tesla is laying off around 500 staff who have worked on its Supercharger network, plus its new vehicle development team and its public pol.....»»
Triangulation fraud: The costly scam hitting online retailers
In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among m.....»»
Study finds AI tool opens data visualization to more students
A new study from the Tepper School of Business at Carnegie Mellon University published in the Journal of Business and Technical Communication shows that ChatGPT can help students create effective visualizations, but is not as helpful in providing dat.....»»
First post: A history of online public messaging
From BBS to Facebook, here's how messaging platforms have changed over the years. Enlarge (credit: Aurich Lawson | Getty Images) People have been leaving public messages since the first artists painted hunting scenes on.....»»
NHTSA opens preliminary probe into Ford"s hands-free driving tech BlueCruise after 2 crashes
NHTSA said it confirmed BlueCruise was engaged in both vehicles immediately prior to the collisions......»»
The ‘new’ HomePod and HomePod mini go on sale in Malaysia and Thailand
This morning, Apple announced expanded availability of the HomePod and HomePod mini, with orders starting for the first time in Malaysia and Thailand. The devices will start shipping next week, from May 10. That opens up the reach of HomePod mini.....»»
BMW to invest another $2.76 billion in China
BMW said Friday it planned to invest an additional 20 billion yuan ($2.76 billion) in its Shenyang production base in China, in a sign of the premium carmaker's "unwavering commitment to the Chinese market"......»»
Message-scraping, user-tracking service Spy Pet shut down by Discord
Bot-driven service was also connected to targeted harassment site Kiwi Farms. Enlarge (credit: Discord) Spy Pet, a service that sold access to a rich database of allegedly more than 3 billion Discord messages and details.....»»
BMW to invest a further $2.76 billion in key market China
BMW said Friday it planned to invest an additional 20 billion yuan ($2.76 billion) in its Shenyang production base in China, in a sign of the premium carmaker's "unwavering commitment to the Chinese market"......»»
AutoNation Q1 net income falls 34%; company to buy back $1 billion in stock
The dealership group saw continued revenue gains in financial services and service and parts revenue......»»