Airbnb Isn’t Just Any Unicorn About to IPO. It Actually Makes Money

The newest stock market unicorn to announce its IPO plans is Airbnb. The short-term rental company, which has exploded in popularity over the past few years, announced that it may seek to file for its initial public offering next year. Its most recent fundraising round resulted in a valuation of $35 billion. Airbnb Justifies Its […]

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Netflix Bloodbath: Why NFLX’s Market Cap Plunged $12 Billion in 3 Days

Netflix (NLFX) stock plunged by more than 6 percent within hours after the U.S. stock market opened, wiping out $12 billion from the market capitalization of the company in merely three days. The major factors behind the steep downward trend of Netflix stock are said to be increasing competition in the U.S. streaming market with […]

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Facebook Kisses up to Banks as Pushback Threatens Libra Crypto

The conspicuous absence of even a single bank as a founding member of Facebook’s cryptocurrency project was never “intentional," according to the co-creator of  Libra, David Marcus. Facebook, he said, would love to have banks involved. No banks in Libr...

CME Group Is Launching Bitcoin Options Early in 2020

Derivatives marketplace CME Group says it will offer options on its bitcoin futures contracts starting in the first quarter of next year.

CME Group Is Launching Bitcoin Options Early in 2020

Derivatives marketplace CME Group says it will offer options on its bitcoin futures contracts starting in the first quarter of next year.

Roku Stock Spirals Further Despite New 4K HDR Device Upgrades

The stock of streaming devices manufacturer and online media content aggregator Roku has emerged as Friday’s biggest premarket loser after dropping by over 4% just a day after releasing new devices. Streaming platform Roku recovers slightly then tumble...

Wells Fargo’s Stablecoin ‘Faster, Cheaper’ Than SWIFT, Says Exec

Wells Fargo’s innovation lead says the bank’s new digital cash for internal transfers is faster and more efficient than SWIFT. 

Target Announces Massive Waste of Capital – A $5B Share Buyback

On Thursday, Target Corporation announced that its board of directors had authorized a new $5 billion share buyback program. Target would begin repurchasing shares under this new authorization after its current $5 billion buyback program concludes next...

Elon Musk Unfazed by Daimler’s EV Push, but Should He Be?

Another super-heavyweight car manufacturer is entering the EV ring, as Daimler announces plans to focus on battery-powered engines rather than gasoline. Tesla CEO Elon Musk congratulated the company on their decision, despite the fact an armada of electric Mercedes is undoubtedly on its way to saturate an increasingly crowded marketplace. Electric is the future! Congratulations […]

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Amazon’s Climate Change Plan Is Terrible News for Tesla

Seven months after electric truck start-up Rivian announced that it had raised $700 million in an investment round led by Amazon, the online retail giant has placed a massive order with the Michigan-based EV firm as part of its new climate change strategy. Tesla rival scores massive Amazon order According to a statement released by […]

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