This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Discovery-backed Group Nine Media acquires female-focused lifestyle brand PopSugar.The all-stock acquisition will bring PopSugar into the Group Nine portfolio, which includes Thrillist, The Dodo, NowThis, Seeker and comedy studio JASH.
FAANG stocks last year, shed about $179 billion of its weight from January to December 2018. 2019 has been a very active year, both economically and politically as well, how have the world’s biggest tech stocks performed?
Palo Alto California insurance startup for digital businesses Next Insurance raises about $250 Million in Series C funding from a single investor MunichRe. The startup is now valued at around $1 Billion.
India’s largest budget lodging startup Oyo Hotels and Homes said today it plans to raise about $1.5 billion as part of a new financing round as the startup looks to expand its footprints in the U.S. and Europe.
A top analyst has claimed that Apple has plans to release a cheaper phone by early next year. The new release will also be smaller than, but just as powerful as the new iPhone 11.
AB InBev plans to enter the Chinese market as well as other Asian countries. The company would, however, have to develop a strong enough market entry strategy, to stand a chance against local companies.
With the Chinese officials showing an unwillingness to back down and agree to the U.S. demands, Dow Futures, as well as the global stock markets, is already reacting before this week’s trade talks.
Citing the possibility of engaging in yet another legal lawsuit, Tether and Bitfinex launch a pre-emptive strike on an unknown study claiming complete innocence in the matter.
Facebook has yet again released another Snapchat copycat app. Another one of many attempts and amidst its antitrust case with the FTC, this one has affected Snapchat noticeably, causing a drop in SNAP stock.
Taboola and Outbrain are finally coming together in a cash-equity deal under the Taboola brand. The deal, announced today, will give Outbrain’s shareholders $250 million along with 30% ownership in Taboola.
Gold continues to be the safe haven for global investors when it comes to parking their money in secure assets. Bitcoin, on the other hand, has failed to win the trust of big investors at this stage.
Samsung has ended mobile telephone production in China hurt by competition from domestic rivals in the world’s biggest smartphone market.The shutdown of last China phone factory comes after it cut production in the last two factories.
Jeff Bezos still tops Forbes list of the 400 richest people in America even after giving away $38 billion worth of shares to his wife McKenzie in divorce settlements. He still owns about 12% of Amazon.
If current manufacturing data is anything to go by, the United States is uncomfortably close to a recession. The problems the U.S. currently has with China is on top of the list of causative factors.
Tesla is acquiring AI startup DeepScale. Forrest Iandola, DeepScale’s CEO, said on LinkedIn that he joined Tesla’s Autopilot team, which has lost many executives and engineers to companies like Nvidia, GM Cruise, Google, Lyft, and more.