Since the collapse of Silicon Valley Bank, several industry stakeholders have been doing all they can to help cushion the pangs in the firm to help prevent it from collapsing.
Ark Invest is also interested in Jack Dorsey’s payment firm Block after short-seller Hindenburg Research published a damning report on the company.
First Citizens has acquired failed bank Silicon Valley and will open former SVB branches today as First Citizens Bank and Trust Company.
Interestingly, the new Twitter valuation is less than half of what Elon Musk paid for the social media giant in Q4 2022.
A UK competition regulator eases off slightly on the Microsoft-Activision deal, sending the gaming publisher’s shares soaring.
The $100 million Zipmex acquisition hit a stumbling block yesterday after V Ventures missed a $1.25 million tranche payment.
For LVMH, a task to convince other luxury brands to join the blockchain movement has been a difficult one.
A recurring pattern of recent employee layoffs among tech giants reveals these companies are hedging against economic uncertainties.
As part of the agreement, debtors will sell roughly $95 million worth of preferred stock back to Mysten Labs in addition to $1 million in SUI tokens.
Klarna will leverage the best technology and data to help people discover new products.
Block said it is working with the SEC on how to “explore legal action against Hindenburg Research for the factually inaccurate and misleading report”.
On Thursday, TikTok CEO Shou Zi Chew appeared before US Congress to address several pertinent issues, including user data protection.
On Thursday, stocks of cinema mainstays, including AMC and IMAX, jumped on news that Apple plans to boost its theater visibility.
Accenture said that amid the overall inflationary environment and rising interest rates, there’s a drop in the levels of business confidence among its clients.
Before becoming a unicorn, Character.AI had constantly hit milestones since its beta launch in September 2022.