The latest Q2 reports show that IBM’s earnings and cloud revenue surpassed the projected street view while Bitcoin plunged below $10,000 as the US Senate has a go at Facebook’s Libra.
Netflix Inc. (NFLX) stock price has dropped 10% since yesterday as the video-streaming service sees a decline in new paid subscriptions. The possible cause could be the increasing competition in the industry.
In recent news, Jamie Dimon from JP Morgan has said that he believes Facebook’s Libra isn’t a short-term concern of an impact on the traditional banks.
Even though Congress tried to inflict damage on Big Tech in hearings related to user data, antitrust concerns and Facebook’s Libra, it seems it has failed. That leaves Silicon Valley with little incentive to change.
Just recently, Grayscale investments reported a record all-time high volume of assets under management. Grayscale’s assets under management now is worth approximately $2.7 billion.
House Minority Leader Kevin McCarthy praised Bitcoin and its underlying blockchain ledger technology for offering users privacy, especially given that big companies keep violating the privacy of its users – that’s probably why he’s not so optimistic about Libra.
Facebook’s Libra project is facing increasing opposition with the German minister of finance joining the bandwagon citing the coin’s disruption potential as a major threat to the EuroZone.
Tesla (TSLA) is cutting the price of its Model 3 car and eliminating the base versions of the Model S and Model X. The company is also raising the price of full self-driving by $1,000 while the demand for Model 3 remains robust.
Just recently a Wall-Street analyst boosted his price prediction for Microsoft (MSFT) stock price amidst the company’s quarterly earnings results. Microsoft is expected to publish their quarterly earnings tomorrow, on Thursday.
Vungle, a leading mobile ad tech firm has gone through a rocky, unusual experience ever since Mary Meeker’s featured it in their 2017 report. Now instead of suffering alone, its acquisition is going to Blackstone for just $750 million.
Ron Paul, former congressman, and ex. presidential candidate called cryptocurrencies a ‘great idea’. He likes competing currencies and is a long-time proponent of winding down the Federal Reserve and radically restructuring how US dollar is issued.
JPMorgan expanded its S&P 500 prediction which now stands at 3,200 from initial 3,000. The new target exceeds that of popular stock market bull and Fundstrat co-founder Thomas Lee who initially set the 3, 125 level.
Peter Thiel, a Renegade Venture Capitalist billionaire tech entrepreneur and advisor to President Trump wants Google investigated for their allegedly treasonous actions in China.
According to FCC, with their Project Kuiper, Amazon wants to put 3,236 broadband satellites into orbit. There are almost 4B people in the world who don’t have access to reliable broadband internet and with this project, they intend to fill that gap.
NYDFS Superintendent Linda Lacewell said that Seed Digital Commodities Market LLC (SCXM) and Zero Hash LLC, who operate under Seed CX, had received BitLicenses.