SoftBank posts blowout quarterly gains at Vision Fund tech arm
Japanese giant SoftBank logged a 608.5 billion yen ($3.96 billion) gain on its Vision Fund tech investment arm in its fiscal second quarter ended Sept. 30, lodging a steep quarterly…
European Google rivals partner on search engine infrastructure to counter Big Tech
LISBON, Portugal — Ecosia and Qwant, two search engines competing with Google, announced a partnership Tuesday to build a European search index and reduce their dependence on U.S. Big Tech…
Bitcoin is closing in on $90,000 for the first time ever
Bitcoin was trading just shy of $90,000 Monday night after breaching $80,000 just a day earlier. The flagship cryptocurrency was last higher by 12% at $89,100, according to Coin Metrics.…
Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge
Elon Musk spent $44 billion to buy Twitter, now known as X, and at least $130 million to help get Donald Trump elected president. It’s a combination that’s paid off…
IAC exploring spinoff of home improvement marketplace Angi
IAC said Monday it’s exploring a spinoff of Angi, an online platform that connects consumers with a marketplace of home improvement service providers, such as electricians and landscapers, in their…
Tesla shares pop 8% as post-election rally continues
Tesla shares popped 8% on Monday, continuing to ride a postelection rally as President-elect Trump, closely allied with CEO Elon Musk, begins to set up his presidential cabinet. Analysts at…
Silicon Valley’s General Catalyst makes first investment into Saudi Arabia through fintech Lean Technologies
Silicon Valley venture capital firm General Catalyst has made its first investment in Saudi Arabia through fintech startup Lean Technologies, which just closed a Series B round worth $67.5 million.…
Bitcoin tops $82,000 as crypto euphoria over Trump win shows no sign of waning
Bitcoin hit another high on Monday, as the rally in cryptocurrencies continued following Donald Trump’s election win. By 6:58 a.m. ET, bitcoin was trading 3.6% higher at $82,216, according to…
FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion
The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest back at least $1.76 billion, citing…
Over $2.8 billion bet on bitcoin topping $90,000 as it hits all-time high
Bitcoin reached a fresh all-time high near $81,000 and futures premiums soared, in a clear sign that investors believe the record-run in the world’s largest cryptocurrency is poised for even…