Facebook’s cryptocurrency-based payments system could be bigger than initially expected. The social network is even allegedly planning to incentivize usage of its own payments platform.
Money May 4, 2019
Facebook might be exploring opportunities involving stablecoin. If so, it would be the first major company to pursue blockchain, and it stands to succeed given its massive user base.
Money December 21, 2018
Amazon doesn’t want to lose profits over selling CRaP items, which stands for products that “Can’t Realize a Profit.” As such, it’s asking brands to make some big changes.
Money December 17, 2018
Mark Zuckerberg jumped ahead of Berkshire Hathaway CEO Warren Buffett in the ranklings of the world's richest persons. According to the Bloomberg Billionaires Index, the Facebook co-founder now has a net worth of $81.6 billion.
Money July 8, 2018
Venmo is literally coming to your wallet. The PayPal-owned company just rolled out a line of physical Mastercard-powered debit cards, and though they’re still in limited release, Venmo is working quickly to get them out.
Money June 26, 2018
The Golden State now has the biggest economy in the world surpassing that of the United Kingdom. All of California's economic sectors contributed for its higher GDP except one.
Money May 6, 2018
Netflix plans to spend $8 billion on original content this year. It seems an obscene amount of money, but when you think of the streaming service’s 125 million subscribers and counting, it suddenly doesn’t seem all that much.
Money April 17, 2018
Atari will make a bid on cryptocurrency with the launch of Atari Token and Pong Token. Rollout of the new Bitcoins remains unknown, but they are understood as the company’s entry to the digital entertainment and online casino platforms.
Money February 16, 2018
Major tech companies have invested in a small company in New York that makes OLED microdisplays. Apple, LG, and Valve have put in $10 million to eMagin for possible AR and VR headsets.
Money February 13, 2018
Twitter posted its financial results and for the first time in 12 years, it actually had a profitable quarter. On the downside, the social network is still losing users in the United States.
Money February 9, 2018
Nintendo Switch sales drove the highest third-quarter operating profit the company has seen in eight years. Nintendo has now raised its forecast for both profit and sales.
Money January 31, 2018
Starbucks announced its plans to provide additional raises and benefits for its U.S. employees. Citing the recent U.S. tax reform, the company said it will offer an additional raise, stock grants, and more.
Money January 26, 2018
South Korea, still fighting with its massive cryptomarket, now plans to tax its bitcoin exchanges. South Korea continues its fight to regulate the market after previously discussing a possible ban on bitcoin.
Money January 23, 2018
Jeff Bezos makes a $33 million donation to charity in order to send qualified undocumented immigrants to college. The Amazon CEO apparently wanted to honor his father, who was also an immigrant, with this gesture.
Money January 13, 2018
One of the largest markets in the world supporting Bitcoin and other cryptocurrencies is considering legislation to ban it. South Korea might pass a new law that bans the trading of cryptocurrencies.
Money January 13, 2018
In 2018, business and technology continue to dominate some of the best jobs available today in America. Those looking for a new job this year may want to check out the best highest paying jobs in America for 2018.
Money January 11, 2018
The net worth of Amazon founder Jeff Bezos has continued to climb. Bezos's latest net worth surpassed the $105 billion mark, higher than Bill Gates's net worth ever was.
Money January 11, 2018
Dogecoin may not have a serious name but the cryptocurrency's market cap is increasing. Once dominant Bitcoin continues to see its value fall as altcoins keep rising.
Money January 8, 2018
Bitcoin continues to dominate the market for cryptocurrency, but recently, Ripple rose to become the second most valuable cryptocurrency. It recently overtook Ethereum in market share.
Money January 3, 2018
Bitcoin's recent volatility after a period of sharp rises is forcing South Korea to make changes. The cryptocurrency's widespread popularity in the country worries lawmakers.
Money December 30, 2017
Bitcoin and other cryptocurrencies saw a large drop at the end of last week. Prices have been steadily rising but not to the record-highs seen before.
Money December 27, 2017
Cryptocurrency is a volatile investment. With prices soaring people who recently bought into the market are experiencing a hard crash.
Money December 25, 2017
HQ Trivia cofounder Colin Kroll has exhibited creepy behavior toward women colleagues, on top of bad managerial practices, according to sources. As a result, investors are stepping away from investing in the app.
Money December 19, 2017
Music streaming service Tidal is in dire financial straits, reports say. Apparently, the company has only enough money to last six months, despite a sizeable investment from Sprint earlier this year.
Money December 14, 2017
The Winklevoss Twins, who became famous when they sued Facebook founder Mark Zuckerberg in 2004, are now officially Bitcoin billionaires as bitcoin trading surged over 10,000 percent during the final week of November.
Money December 4, 2017
Netflix is going to spend somewhere between $7 billion and $8 billion on programming next year, quite a step up from its previous budget. Netflix announced such plans during its recent Q3 earnings call.
Money October 17, 2017
Google parent Alphabet is reportedly considering to make a $1 billion investment into ride-hailing startup Lyft. This would make it an even bigger thorn on the side of Uber, which is in a legal battle with Alphabet's self-driving unit Waymo.
Money September 15, 2017
Netflix has announced that it will spend $7 billion on content next year, acquiring new programs and creating original ones as well. The company also scoffed at critics who say it overspends.
Money August 18, 2017
Jeff Bezos, CEO of Amazon, briefly surged past Bill Gates as the world’s richest person but climbed back down when the company’s stock reversed direction several hours later. For now, Bezos has to sit happily in the number two spot.
Money July 28, 2017
Facebook has just reported a steep revenue growth for the second quarter of 2017, recording a whopping $9.3 billion. Mobile ads accounted for 87 percent of the total ad revenue, according to the numbers.
Money July 27, 2017
The share prices of some of the world's largest technology companies appeared alarmingly wrong, seemingly trading at the same $123.47 per share. It was all due to a data glitch and no trades were made at incorrect prices.
Money July 4, 2017
Bill Gates is still the world’s richest person, according to the Bloomberg Billionaires Index, which sees Bezos behind the Microsoft cofounder. However, he only needs $5 billion more to surpass Gates.
Money June 19, 2017
The price of Bitcoin has surged to more than $2,200 per coin. Some say President Donald Trump is behind the rising prices of cryptocurrencies.
Money May 22, 2017
Snap has now officially released its Q1 2017 earnings report, recording more than $2 billion in losses for its first quarter as a public company. Here’s everything you need to know.
Money May 11, 2017
Amazon's stock surged to nearly $1,000 per share after the company posted its Q1 results, but it might've peaked already. Pacific Crest downgraded Amazon, saying that this is 'as good as it gets' for now.
Money April 29, 2017
Nintendo released its earnings report for FY2016 and the Switch console is off to a strong start. Nintendo reports 2.74 million Switch units sold already and expects to sell 10 million units next year.
Money April 27, 2017
Samsung reported its strongest quarterly results since 2013, fueled by its lucrative semiconductor business. Looking ahead, the company expects strong Q2 results as well, riding on the Galaxy S8 success.
Money April 28, 2017
Amazon has disclosed its executive earnings for 2016. And the top-salaried employee is not CEO Jeff Bezos, but Web Services chief Andrew Jassy.
Money April 14, 2017
According to Medscape’s Physician Compensation Report for 2017, male primary care doctors earn more than their female counterparts. The gender pay gap in medicine is also seen in those with specializations and among ethnic groups.
Money April 6, 2017
Tencent, best known for its WeChat messaging app, purchased a 5 percent stake in Tesla for $1.78 million. The move will help Tesla expand its presence in China, where electric vehicle sales growth has been the highest for the company.
Money March 29, 2017
Investigators are probing a potential North Korea link to the $81 million Bangladesh bank heist. This is due to similarities in the code used in the online heist and in an earlier Sony Pictures hack.
Money March 24, 2017
The Forbes billionaires list spans six continents as well as 71 countries and territories. When it comes to city distribution, New York occupies the top spot with 82 billionaires and a combined net worth of $397.9 billion.
Money March 22, 2017
Forbes released its latest world's billionaires list and it looks like U.S. President Donald Trump is $1 billion lighter than he was. Trump's net worth dropped 208 spots down the list, now ranking at No. 544.
Money March 21, 2017
Airbnb has raised $1 billion in a recent funding round, with the company also reportedly enjoying profitability in Q2 2016. Airbnb, however, still has no plans to go public.
Money March 10, 2017
Snap opened to uproarious first trading day results, but as informed by its third trading day wane, the excitement might be wearing off. Snap shares has now tumbled down more than 12 percent, erasing gains for stock purchases prior.
Money March 7, 2017