Why Airbnb (ABNB) Looks Set To Bounce Back
It is easy to argue, as so many have over the last few years, that the market’s recent love affair with growth has gotten a little overheated. That has led…
Cloud stocks plunge to six-month low as investors hasten rotation out of recent top performers
The rotation out of tech stocks continues to hammer cloud companies the hardest, as investors sell out of last year’s best performers. While the Dow Jones Industrial Average is trading…
Shares of The Trade Desk close down 26% after company reports earnings and upcoming stock split
Shares of ad tech company The Trade Desk closed down nearly 26% on Monday after the company reported first-quarter earnings and a 10-for-1 stock split. Here’s how The Trade Desk…
NTSB releases preliminary report on fatal Tesla crash in Spring, Texas
The National Transportation Safety Board, a federal agency that investigates accidents, has released records from a preliminary probe of a fatal Tesla crash that took place in Spring, Texas, in…
More than 40 attorneys general ask Facebook to abandon plans to build Instagram for kids
Attorneys general from 44 states and territories urged Facebook to abandon its plans to create an Instagram service for kids under the age of 13, citing detrimental health effects of…
Cloudflare seeing uptick in cyber incidents as hackers try ‘unleashing everything,’ CEO says
Cybersecurity provider Cloudflare has observed a significant rise in threats toward its customers in recent months, CEO Matthew Prince told CNBC on Monday. Prince’s comments, made in a “TechCheck” interview,…
Roblox revenue grows 140% in first earnings report since company went public
Roblox shares rose as much as 5% in after-hours trading, following the release of the company’s first earnings report since it went public in a direct listing in March. Here’s…
Bitcoin’s biggest rival just hit a record high — here’s how to mine for ethereum
Bitcoin’s biggest rival, ether, blew past $4,000 on Monday to hit a new record high. The cryptocurrency is up more than 400% so far this year. While it is easier…
Ford names new F-150 electric pickup Lightning with plans to reveal it May 19
Ford Motor’s upcoming all-electric F-150 pickup truck will be called Lightning, a name used by the automaker for street performance trucks in the 1990s and early 2000s. Ford released the…
Uber Raises Fares By 13% In Lagos
The economy option for Uber, popularly referred to as UberX, has been increased by 13 per cent in Lagos State. An electronic mail message from the ride-hailing firm to its…
Bitcoin Rises 6.8 % To $56,852.03
Bitcoin rose 6.8% to $56,852.03 by 1000 GMT on Wednesday, adding $3,622.23 to its previous close. However, the world’s biggest and best-known cryptocurrency is down 12.4% from the year’s high…
Exclusive China’s Tencent In Talks With U.S. To Keep Gaming Investments -Sources
Tencent Holdings Ltd (0700.HK) is negotiating agreements with a U.S. national security panel that would allow it to keep its ownership stakes in U.S. video game developers Riot Games and…
Cramer Says He Sold Some Ether After Record Highs To Put Toward An All-Electric Hummer
CNBC’s Jim Cramer said Wednesday he trimmed some of his ether holdings after the world’s second-largest cryptocurrency by market value notched a series of record highs. “I sold half my…
Mark Zuckerberg Can No Longer Deflect Blame For Trump’s Facebook Suspension
Facebook’s self-created “supreme court” refused to do the company’s dirty work when it handed down a decision on the platform’s indefinite ban of former President Donald Trump. Facebook was right…
Uber Partners With Softbank-Backed Gopuff To Deliver Everyday Essentials, From Snacks To Toothpaste
If you order potato chips, toothpaste or over-the-counter medication through the Uber Eats app, it will soon be fulfilled and delivered by start-up Gopuff. The two Softbank-backed companies announced a…
Uber Losses Dramatically Improve Thanks To Sale Of Self-driving Unit
Uber beat estimates on the top line and dramatically improved its net losses in its first quarter, but missed on revenue. Shares initially gained in after-hours trading before dipping more…
Google Relaxes Remote Work Plan, Will Let 20% Of Employees Telecommute
Google on Wednesday said it now expects 20% of its employees to work from home after its offices reopen later this year. The company, which owns extensive Silicon Valley real…
PayPal beats as revenue grows 31% from last year
PayPal shares rose as much as 4% in extended trading on Wednesday after reporting first-quarter earnings that were stronger than analysts had expected. Here’s how the company did: Earnings per…
Facebook Relaunches WhatsApp Money Transfers In Brazil
Facebook’s (FB.O) WhatsApp messaging service relaunched on Tuesday its transfer money services between individuals in Brazil, after it was blocked by the central bank nearly one year ago, Chief Executive…
Autoshow Chip Shortage Casts Shadow On China’s Auto Industry Recovery
Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China, after hoping the world’s biggest car market could spearhead global recovery in the…
Microsoft To Invest $1 bln In Malaysia To Set Up Data Centres – Malaysian PM
Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the Southeast Asian nation’s…
ESR, GIC To Buy Australian Logistics Property Portfolio From Blackstone For $2.9 bln
Logistics real estate manager ESR Cayman Limited (1821.HK) said it will join with Singaporean sovereign wealth fund GIC to buy an Australian portfolio from Blackstone for A$3.8 billion ($2.9 billion).…
Minister To Inspect Jabi Mall Solar Project
The Minister of State for Power, Goddy Jedy-Agba, is scheduled to visit the Jabi Lake Mall Solar Hybrid project in Abuja Monday (today). Actis, along with the developer – CrossBoundary…
Federal Government Recorded N485.51bn Fiscal Deficit In January – Central Bank Of Nigeria
The Federal Government recorded N485.51bn fiscal deficit in January, statistics obtained from the Central Bank of Nigeria have shown. According to the monthly economic report for January released by the…
Coinbase Chief Executive Armstrong Sold $291.8 Million In Shares On Opening Day
Coinbase Chief Executive Brian Armstrong sold about $292 million in shares in total during the cryptocurrency exchange’s first day of trading on the Nasdaq in the past week, according to…
The ‘Metaverse’ Bet: Crypto-Rich Investors Snap Up Virtual Real Estate
What do you do with a $69 million artwork that doesn’t physically exist? That’s the question faced by the Singapore-based investor calling himself Metakovan, who made headlines last month when…
Clubhouse Closes New Round Of Funding That Would Value App At $4 Billion
Audio-chat app Clubhouse closed a new Series C round of financing, the company said during its weekly town hall on Sunday, without disclosing the amount raised. A source familiar with…
GM, LG Energy Solution To Build 2nd U.S. Battery Plant In Tennessee
General Motors Co (GM.N) and South Korean joint-venture partner LG Energy Solution on Friday said they will build a second U.S. battery cell manufacturing plant, revealing plans for a $2.3…
Media Portrayal Of Nigeria Led Twitter To Choose Ghana For Africa Office -Minister
Twitter Inc (TWTR.N) failed to choose Nigeria for its first African office because the media misrepresents the country, its information minister said on Thursday, citing coverage of police reform protests…
Federal Government Supporting Private Developers To Provide Electricity – Osinbajo
The Federal Government is currently supporting private developers to provide electricity through solar energy, the Vice President, Prof. Yemi Osinbajo, has said. He disclosed this in a statement issued in…