Coinbase To Suspend Trading in XRP
Cryptocurrency exchange Coinbase said on Monday it would suspend trading in cryptocurrency XRP after U.S. regulators last week charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering. From a report: T.....»»
GameStop stock hits record high as Reddit group causes mayhem
Video game retailer GameStop's stock rose by nearly 70 percent on Friday causing a halt in trading. The price spike in the company’s market value was attributed in part to a group of day traders on the subreddit r/wallstreetbets, which led to a scr.....»»
Social media bans, restrictions have mixed impact on potential misinformation following Capitol riot
The amount of potential misinformation was impacted on at least one social media platform following actions to suspend or shut down thousands of accounts, including President Donald Trump's, following the Capitol riot Jan. 6, according to a Universit.....»»
Trump releases gambler, car dealer Billy Walters
Walters, 74, served four out of five years of his federal prison sentence for an elaborate insider-trading scheme. It's unclear whether Walters still owns car dealerships......»»
CarLotz shares start trading after reverse merger
The company began trading shares Friday under the "LOTZ" ticker symbol. CarLotz CEO Michael Bor said going public should help raise the online used-car retailer's profile and visibility......»»
Hims, the telehealth startup, saw its shares slip in their trading debut — and that’s fine with its CEO
Hims & Hers, a San Francisco-based telehealth startup that sells sexual wellness and other health products and services to millennials, began trading publicly today on the NYSE after completing a reverse merger with the blank-check company Oaktree Ac.....»»
Telehealth startup Hims fell in its public trading debut — and that’s fine with its CEO
Hims & Hers, a San Francisco-based telehealth startup that sells sexual wellness and other health products and services to millennials, began trading publicly today on the NYSE after completing a reverse merger with the blank-check company Oaktree Ac.....»»
Facebook’s Oversight Board will review the decision to suspend Trump
Facebook announced Thursday that its newly established external policy review group will take on one of the company’s most consequential acts: The decision to suspend former President Trump. On January 7, Facebook suspended Trump’s accoun.....»»
Stellantis shares rise in first day of trading after FCA-PSA merger
Stellantis Chairman John Elkann said the company, which was created by the merger of Fiat Chrysler and PSA, has the scale and resources to successfully capture the opportunities of a new era in transportation......»»
Coinbase commits to a ‘better customer experience’ following complaints
Coinbase has a problem. As interest in bitcoin has soared along with its price, the popular cryptocurrency exchange has found itself the target of a growing spate of angry customers who haven’t been able to access customer service. A quick look.....»»
A theory about the current IPO market
Lots of demand, little supply, boom goes the price. As expected, shares of Poshmark exploded this morning, blasting over 130% higher in afternoon trading from the company’s above-range IPO price of $42. The enormous and noisy debut of.....»»
Beyond Meat shares soar after inking deal with Taco Bell on new menu items
Shares of Beyond Meat are soaring on news that the company will be working with Taco Bell on new menu items. The company’s stock was up $17.13, or 13.67%, to $142.48 and climbing in midday trading after Taco Bell announced that it would embrace.....»»
Poshmark is pushing into the public market at a high-end valuation as the resale market sizzles
Poshmark, the nine-year-old, Redwood City Ca.-based online marketplace for second-hand clothing, beauty, and home decor products, is set to start trading as a public company on the Nasdaq tomorrow after pricing 6.6 million shares higher than original.....»»
Intel CEO Bob Swan To Step Down in February, VMware CEO Pat Gelsinger To Replace Him
Intel CEO Bob Swan is set to step down effective Feb. 15. From a report: VMWare CEO Pat Gelsinger will take over the position, sources told CNBC. Intel's stock was up about 13% in premarket trading following the news. VMWare's stock was down nearly 5.....»»
Affirm doubles after starting to trade despite strong IPO pricing
Today shares of Affirm, a buy-now-pay-later unicorn, started trading above $90 per share, far above its $49 per-share IPO price, a figure that was already miles above the company’s early expectations. The pop comes after Affirm raised its pricing r.....»»
Facebook’s EU-US data transfers face their final countdown
Ireland’s Data Protection Commission (DPC) has agreed to swiftly finalize a long-standing complaint against Facebook’s international data transfers which could force the tech giant to suspend data flows from the European Union to the US w.....»»
Trump delays increase in fuel economy penalties at auto industry request
The decision -- announced eight days before President-elect Joe Biden takes office -- follows a U.S. appeals court in August that overturned the Trump administration’s 2019 decision to suspend a regulation that more than doubled penalties for autom.....»»
Big ISPs pause donations to 147 Republicans who tried to reverse Biden’s win
Comcast, AT&T, and Verizon suspend donations but could restart them later. Enlarge (credit: Getty Images | SilverV) Comcast, AT&T, and Verizon say they have suspended political donations to the 147 Republican members of Congress who voted agai.....»»
From crypto trading and home workouts to EV batteries and microLED displays, CES’ Taiwan startups cover a wide range of tech
For the past three years, the Taiwan Ministry of Science and Technology (MOST) has brought startups to CES . This year, its virtual pavilion, organized with Taiwan Tech Arena, is hosting 100 startups, organized into five categories: Smart Living, Tec.....»»
NADA, bank group to assess political contributions after U.S. Capitol siege
The discussions come after a growing list of major corporations such as Ford said they would temporarily suspend donations to lawmakers on both sides of the aisle......»»
Twitter Shares Fall 7% Following Permanent Trump Ban
Twitter shares fell 7% in pre-market trading after the social media platform permanently banned outgoing President Donald Trump. From a report: The company confirmed its decision in a blog post on Friday, saying Trump's tweets breached policies by ri.....»»