Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020.Liesa Johannssen-Koppitz | Bloomberg | Getty ImagesLast spring, the U.S. Securities and Exchange Commission admonished Tesla and CEO Elon Musk for allegedly violating terms of a 2019 revised settlement...Read More
Seven years after spinning out of LinkedIn, cloud software developer Confluent is going public.Confluent, which sells software that developers can use to quickly move data for use inside applications, filed its IPO prospectus on Tuesday, seeking to become the latest enterprise business to go from open-source project to multibillion-dollar public company.Revenue in the first quarter...Read More
Amazon CEO Jeff BezosAlex Wong | Getty ImagesAmazon is throwing its weight behind federal legislation to legalize marijuana, while pledging to no longer screen some of its workers for the drug.In a blog post Tuesday, Amazon's consumer boss Dave Clark said the company supports the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, reintroduced in the...Read More
Monitors display Coinbase signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021.Michael Nagle | Bloomberg | Getty ImagesCoinbase is finally getting into dogecoin.Starting Tuesday, the crypto exchange is offering its Pro users the option to trade dogecoin, a cryptocurrency that was started as a...Read More
In this articleZMZoom Video Communications Inc. founder and CEO Eric Yuan at the company's IPO at Nasdaq MarketSite in New York, April 18, 2019.Victor J. Blue | Bloomberg | Getty ImagesZoom reported better-than-expected first-quarter results Tuesday, with sales growth of 191%. The shares rose 2% in extended trading after initially falling as much as 5%...Read More
In this articleSOFIShares of SoFi were up more than 5% Tuesday after the online finance company made its public debut.SoFi, short for Social Finance, went public by merging with Social Capital Hedosophia Corp V, a blank-check company run by venture capital investor Chamath Palihapitiya.Special purpose acquisition companies, known as SPACs, raise money through a shell...Read More
In this articleAMZNPeter Endig | AFP | Getty ImagesAmazon warehouse workers are injured at higher rates than those at rival companies, according to a new study.In 2020, there were 5.9 serious injuries for every 100 Amazon warehouse workers, which is nearly 80% higher than the serious injury rate at non-Amazon warehouses, the Strategic Organizing Center...Read More
In this article2330-TWMemory chips are seen on a Samsung Electronics memory module in this arranged photograph in Seoul, South Korea, on Thursday, July 26, 2018.SeongJoon Cho | Bloomberg | Getty ImagesThe world's 10 biggest chip manufacturing companies saw their revenues surge to a record high in the first quarter of 2021, according to market research...Read More
In this photo illustration, the TransferWise logo is seen displayed on an Android mobile phone.Omar Marques | SOPA Images | LightRocket | Getty ImagesFinancial technology firm Wise said Tuesday that users in India would now be able to send money abroad to 44 countries around the world.That includes places like Singapore, the U.K., the United...Read More
In this articleETH=BTC.BS=-USSTIGRFUTUIn this photo illustration a Bitcoin logo seen displayed on a smartphone with stock market percentages in the background.Omar Marques | SOPA Images | LightRocket | Getty ImagesBEIJING — Two of China's rivals to stock trading app Robinhood are looking to cryptocurrencies as a way to compete overseas.The companies, Futu and Tiger Brokers,...Read More
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