The Robinhood application on a smartphone.Bloomberg | Bloomberg | Getty ImagesRobinhood is giving amateur investors access to initial public offering shares in its latest move to democratize retail investing.IPO shares have historically been set aside for Wall Street's institutional investors or high-net worth individuals. Retail traders typically don't have a vehicle to buy into newly...Read More
In this articleAAPLGoogle Store in ChelseaGoogleGoogle announced Thursday its first-ever retail store, where it will sell Pixel phones, Fitbit wearables, Pixelbooks, Nest thermostats and speakers, and more. The first-ever Google store is in New York's Chelsea neighborhood, located in the building that houses Google's NYC offices and is close to an Apple Store.The store is...Read More
In this articleTSLAHost Elon Musk during the monologue on Saturday, May 8, 2021.Will Heath | NBCUniversalThe price of dogecoin spiked Thursday morning after Tesla CEO Elon Musk mentioned the coin on Twitter, adding another chapter to the volatile history of a cryptocurrency that started as a joke.The price of the digital coin was 16% to...Read More
The Trade Republic app.Trade RepublicLONDON — German stock-trading app Trade Republic said Thursday it raised $900 million in a huge funding round that values the start-up at $5.3 billion.The round, a Series C, was led by American venture capital firm Sequoia, with additional backing from new investors TCV and Thrive Capital. Existing shareholders include Accel,...Read More
A customer uses a bitcoin automated teller machine (ATM) in a kiosk Barcelona, Spain, on Tuesday, Feb. 23, 2021.Angel Garcia | Bloomberg | Getty ImagesBitcoin fluctuated between gains and losses Thursday, as the world's largest cryptocurrency struggled to recover from a major sell-off during the previous session.The digital currency initially climbed Thursday morning, trading as...Read More
In this articleTEF-ESLBTYAA person walks past a Virgin Media mobile phone store, closed down due to the Covid-19 pandemic, in London on May 4, 2020.Tolga Akmen | AFP via Getty ImagesLONDON — Virgin Media and O2's £31.4 billion ($44.4 billion) merger has been approved by U.K. competition regulators.Britain's Competition and Markets Authority said Thursday it...Read More
In this articleFBIn this photo illustration, the Facebook logo is seen on a smartphone screen with the EU flag in the background.Chukrut Budrul | SOPA Images | LightRocket via Getty ImagesLONDON — Facebook faces a potential ban on the transfer of Europeans' data to the United States. That would be a "massive blow" to the...Read More
People walk on their lunch break at the Raffles Place financial business district in Singapore on May 5, 2021.Roslan Rahman | AFP | Getty ImagesSINGAPORE — Singapore has ordered Facebook, Twitter and a local publisher to correct what it says is a false statement circulating that implies a new coronavirus variant originated in the city-state...Read More
A symbol of TikTok (Douyin) is pictured at The Place shopping mall at dusk on August 22, 2020 in Beijing, China.VCG | Visual China Group | Getty ImagesGUANGZHOU, China — Zhang Yiming, co-founder of ByteDance, will step down as CEO and transition to a new role, the company said on Thursday.Another co-founder, Liang Rubo, who...Read More
Blend Images | Getty ImagesSo you want to play in crypto and become a millionaire overnight? Brace yourself for more days like Wednesday.Bitcoin plunged as much as 30% to about $30,000, according to Coin Metrics. Ether dropped more than 40% in less than 24 hours, breaking below $2,000 at one point. Both gained back substantial...Read More
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