With the six million estimated users of Blockfolio and about 150 million monthly impressions on the platform’s resources, FTX is sure to have a bigger retail exposure which is good for the company’s growth prospects.
Luminar, a Florida-based startup that makes LIDAR sensors and other components essential for autonomous driving technology, is the latest transportation company to go public via a “reverse merger” with a special acquisition company, or SPAC.
President Donald Trump declared that Oracle is “a great company” when asked if it would be a good buyer for TikTok. ORCL stock is up.
Being among the top 10 downloaded and actively used social media platforms based in China, TikTok huge customer data has attracted America’s attention at a time of a trade war with China.
After Trump’s executive order directing TikTok parent company ByteDance to sell its U.S. business in 90 days, Microsoft and Oracle are said to be competing to purchase the Chinese video-sharing app.
With the deal happening at a time when many businesses are struggling to survive due to the ongoing coronavirus pandemic, American Express is set to largely benefit financially from the acquisition of Kabbage.
British Diageo, the world’s number one producer of spirits and beers, has decided to acquire not only Aviation Gin but also Davos Brands. In other words, its portfolio will also add Astral Tequila, Sombra Mezcal, and TYKU Sake.
Tencent just added another portfolio member to its expanding global gaming empire. Voodoo, the French company behind a slew of popular casual games, announced on Monday that Tencent has become a minority shareholder in its business valued at $1.4 billion.
An investment in TikTok could not only allow Reliance to make deeper connections with consumers but also help ByteDance allay concerns of the Indian government.
Facebook (FB) stock price started rising yesterday in response to the launch of the new Instagram video feature called Reels. Reels is seen as a competitor to TikTok.
Swiss banking giant IBIS Management Associates Inc has announced its integration with RippleNet. Now the users will be able to have access to both SWIFT and RippleNet on the same platform.
If the deal goes through, Microsoft would have one year to transfer TikTok’s 15 million code lines to the U.S.
AMZN stock performed dismally on Monday in comparison to its competitors but it is up today. Amazon is going to buy a stake in Deliveroo and is expanding to Sweden.
Microsoft (MSFT) stock jumped 5.62% yesterday to close the day trading at $216.54, but the shares were over 1% down in the pre-market. Yesterday’s growth is attributed to a possible acquisition deal with TikTok.
As Microsoft mulls buying TikTok operations in four countries, President Trump suggests for a complete purchase. However, with the September 15 deadline, Microsoft has little time to overcome some technical and leadership challenges with the buyout.