Investors this week deserted a trade that has generated big returns since the financial crisis, ditching shares of fast-growing technology companies in favour of staid businesses that had largely been overlooked by Wall Street. The tech-focused Nasdaq Composite shed 4.5 per cent in the first five trading days of 2022, the worst annual debut since…
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Two years after the death of Steve Jobs, Oracle CEO Larry Ellison claimed it was inevitable Apple would struggle under Tim Cook. You only had to look, he said, at what happened to the company in the period after Jobs was ousted in 1985. “We already know. We saw. We conducted the experiment,” Ellison told…
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GameStop is going big on cryptos and investors are all for it. The video game retailer is planning to create a marketplace for nonfungible tokens and develop a cryptocurrency business. The mere mention of crypto in the same breath as the original meme stock triggered trading frenzy. The stock surged by as much as 17…
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This week, the New York Times paid more than half a billion dollars for a sports news start-up founded only five years ago. The paper also lost one of its star columnists, Ben Smith, who is trying his luck with his own news moonshot. Both moves are emblematic of the times in digital media. In a…
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The departing Andreessen Horowitz partner Katie Haun aims to raise at least $900m for a pair of cryptocurrency investment funds, in what would be one of the largest debuts for a new venture capital firm. Haun planned to raise $300m for a fund making early investments in cryptocurrency start-ups and $600m for another fund investing…
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Roblox, the $50bn online gaming company with a devoted pre-teen following, said it was rebuilding its platform in China after taking down its Chinese app last month. The “LuoBuLeSi” app, which it launched in partnership with Chinese gaming giant Tencent, was taken down in December just five months after it was released. On Friday, Roblox…
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A Starlink user terminal, also known as an antenna or satellite dish, on the roof of a building.(Photo:-SpaceX) Elon Musk’s SpaceX provided an update on its Starlink internet service on Thursday, as the company launched more satellites into orbit. SpaceX engineer Jessie Anderson said during a webcast of the company’s first launch of the year…
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An artist’s impression of a red supergiant star in the final year of its life emitting a tumultuous cloud of gas. This suggests at least some of these stars undergo significant internal changes before going supernova. Credit: W.M. Keck Observatory/Adam Makarenko The death of a star is one of the most dramatic and violent events…
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Jeff Wilcox, Apple Silicon Leader and T2 security processor developer, left Apple to join Intel and oversee the architecture of all Intel System-ona-Chip (SoC) designs. As Apple heads to the end of its self-imposed two-year transition from Intel to its own Apple Silicon, the company lost the head of his M1 development team. Jeff Wilcox…
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Welcome to 2022. This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at…
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