Discord Valuation Is in Continuous Rise Reaching Now $3.5 Billion
Growing instant messaging and VoIP startup, Discord has secured a $100 million venture capital funding from Index Ventures. Now it is valued at $3.5 billion.
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Technology news includes real-time updates on Blockchain, Fintech, Augmented Reality, Virtual reality, Artificial Intelligence, Machine learning, Cyber Security, electronic gadgets, etc. There’s no doubt that technology is driving the world towards a largely digitized space.
Social media, the internet, and blockchain have been a significant part of the tech world as tech giants look to make considerable investments in those innovations.
Blockchain technology is a public, digitized ledger for recording and verifying crypto transactions. Blockchain was built in such a way that transactions recorded on it cannot be changed or altered. Blockchain’s success story has paved the way for its adoption in other fields such as election, logistics, transportation, personal identification, etc. Several top companies now employ the use of blockchain for operational tasks in order to enhance their mode of operation.
Technology is employed in every field to enhance privacy, security as well as operation speed. Over the years, cyber-crime has continued to be a major thorn in tech’s flesh as hackers take advantage of vulnerabilities in tech products. Cyber security firms have been given the task of curbing cyber-crimes and pave the way for more investors.
Fintech simply means financial technology and it involves the application of technological tools and software into financial services and operations. Fintech has seen massive adoption in the past decade as several industries such as banking, education, fundraising, health, venture management, etc. continue to reckon its importance.
The top five tech companies around the world are Google, Apple, Facebook, Amazon, and Microsoft, etc. and they worth over four trillion dollars combined.
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Growing instant messaging and VoIP startup, Discord has secured a $100 million venture capital funding from Index Ventures. Now it is valued at $3.5 billion.
With more number of businesses leaning towards Apple products, JAMF saw its revenue jumped 37% from the previous year, it was $60.4 million during the first quarter of 2020.
With North, Google hopes to make a more prominent contribution to an AR space. Following the news, Google parent Alphabet’s stock closed with a 1.49% rise.
Boeing (NYSE: BA) stock surged by over 14% yesterday after FAA confirmed that it will conduct many flight maneuvers and emergency procedures on the ill-fated Boeing 737 MAX.
The U.S. stock market made positive moves after major correction last week. Airline stocks lead the way as the U.S. Federal Aviation Administration starts a three-day compliance test for Boeing’s 737 Max.
Companies are continuing to sign onto a Facebook advertising boycott. Ford and Adidas are among the latest. So far, none of the advertisers are in the top spenders on Facebook this year. FB stock is in the green.
The new members of the CCC will be leverage confidential computing that aims at protecting confidential user data by having a separate storage place free from the main operating system.
Due to the COVID-19 pandemic experts believe that Tesla Q2 results will be pure than in the first quarter. However, today TSLA stock is slightly up.
The campaign is affecting Facebook stock. On Friday, it plunged by 8.32% and closed at $216.08. In early trading today, FB shares are further down. At the moment of writing, Facebook stock makes up $210.10 per share or 2.77% down.
Coffee retail giant Starbucks said that it will work with its media partners and civil rights organizations to stop the spread of hate speech.
Big brands from different sectors have asked Facebook to amp up its actions to fight against the rising misinformation and hate speech on its platform. The companies have blamed Facebook for failing to act in this direction.
The new F-150 truck in both pure diesel and hybrid versions can be considered to be another booster for Ford stock. F stock was up yesterday and is in the green today in the pre-market.
Amazon.com Inc is finalizing its acquisition deal with robotic car company Zoox. The acquisition that is projected to be worth $1 billion is Amazon’s debut into car manufacturing. AMZN stock is up.
ConsenSys and AMD raised $20 million to fund W3BCLOUD, a startup working to provide a reliable infrastructure for the growing blockchain ecosystem.
Virgin Galactic (SPCE) stock continues growing as the company is getting closer to the commercial spaceflights. Now they are conducting gliding tests to gather data about systems and performance.