Paying $115B for Stripe or $77B for Coinbase might be quite rational
It's hard to overvalue a startup when the public market is willing to double its valuation the moment it starts to trade. CoinDesk reported yesterday that crypto trading startup Coinbase is being valued at $77 billion on private exchanges......»»
GM battery joint venture agrees to hike Ohio workers wages
Ultium said it will hike the wages of workers at its Ohio plant by an average of 25 percent after some U.S. senators blasted the joint venture for paying workers as little as $16 an hour......»»
Auto supplier Plastic Omnium plans $170M hydrogen investment in Michigan
The operation, expected to support 40,000 vehicles annually by 2027, will create 175 jobs, paying an average wage of $1,710 per week plus benefits, according to a state memo......»»
Climate change is making debt more expensive—new study
Earth is overheating due to the greenhouse gas emissions from burning fossil fuels. This is "the biggest market failure the world has seen" according to economist Nicholas Stern. The rational behavior of companies that pollute by making profitable co.....»»
China blocks Intel’s $5.4B merger with Tower Semiconductor
Deal ends with Intel paying a $353 million termination fee to Tower. Enlarge (credit: NurPhoto / Contributor | NurPhoto) Today, Intel officially announced the termination of a $5.4 billion deal with Tower Semiconductor t.....»»
Mobile money in Ghana isn"t all good news: Customers are paying a hefty price
Fintechs, notably mobile money, have transformed banking and finance in developing and emerging economies in Africa and beyond. Financial technology (better known as fintech) is used to describe new technology that seeks to improve and automate the d.....»»
Ransomware: To pay or not to pay
Comprehensive security plans and programs must focus on defense, but also on answering these key question: “How will the organization respond to a ransomware attack?”, and “At what point will the option of paying the ransom be on the table?”.....»»
Dell fined $6.5M after admitting it made overpriced monitors look discounted
Dell Australia is paying for something many of its peers are guilty of. Enlarge (credit: Dell) Dell's Australia arm has been slapped with a $10 million AUD (about $6.49 million) fine for "making false and misleading rep.....»»
How to watch Virgin Galactic send its first private tourist to edge of space
Virgin Galactic is about to use its rocket-powered aircraft to send its first fee-paying passenger to the edge of space......»»
X user “super pissed” that Musk ordered takeover of his @music account
X user quits paying for Twitter Blue to protest X commandeering his account. Enlarge (credit: NurPhoto / Contributor | NurPhoto) About a week after X commandeered the popular @X account from longtime Twitter user Gene X.....»»
Apple paying out $0.24 per-share dividend on August 17
Following Apple's latest earnings report edging out Wall Street predictions, the company's board of directors has authorized a new cash dividend for shareholders, payable in mid-August.Steve Jobs Theater at Apple ParkApple on Thursday announced its l.....»»
Embarrassed about paying Musk for Twitter Blue? You can hide the checkmark now
From verification symbol to source of shame: Paying users can hide blue checks. Enlarge (credit: Getty Images | NurPhoto) Twitter's subscription service has a new feature for users who don't want the world to know they'r.....»»
Meta stock climbs after company posts 11% revenue growth
Meta's "year of efficiency" seems to be paying off. The Facebook-parent company on Wednesday reported revenue of some $32 billion for its quarter ending in June, marking a 11% increase compared to the same period last year and beating Wall Street's e.....»»
Download the macOS Rancho Cucamonga wallpapers [U: New dark version]
Basic Apple Guy is back this weekend with another gorgeous wallpaper for iPhone, iPad, and Mac. The new design has roots in a Craig Federighi joke that’s turned into a serene and beautiful design paying homage to the imaginary “macOS Rancho Cuca.....»»
Spotify subscriber numbers grew significantly – and so did its losses
Spotify subscriber numbers grew significantly in the second quarter of the year, says the company, citing big growth in both free and paying users … more… The post Spotify subscriber numbers grew significantly – and so did its losses appeare.....»»
Why price does not indicate how long clothes will last
Paying more for clothes does not necessarily mean they will last longer, according to new research carried out by the School of Design......»»
Netflix adds nearly 6 million paid subscribers amid password sharing crackdown
Netflix's crackdown on password sharing appears to be paying off......»»
Some corals may survive climate change without paying a metabolic price, scientists suggest
If, as the saying goes, "nothing in life is free," then corals might pay a price for being resilient to climate change. Indeed, the prevailing belief among scientists has been that corals must suffer reduced growth or other tradeoffs when they partne.....»»
JumpCloud, an IT firm serving 200,000 orgs, says it was hacked by nation-state
"Extremely targeted" attack involved a data injection into JumpCloud's commands framework. Enlarge JumpCloud, a cloud-based IT management service that lists Cars.com, GoFundMe, and Foursquare among its 5,000 paying cust.....»»
Virgin Galactic sets date for first tourism flight with fee-paying civilians
Virgin Galactic has announced a date for its first space tourism flight involving civilians who've paid upward of $250,000 for the experience......»»
Here come the Moon landing missions (probably)
Three for NASA, and one each for India, Russia, and Japan. Enlarge / India's Chandrayaan-3 lunar spacecraft undergoes accoustic testing. (credit: ISRO) As anyone who has been paying attention to space exploration knows,.....»»