Comments Off on Microsoft Pledges $500 Million To Provide Affordable Housing in Seattle
Microsoft pledged $500 million to develop affordable housing and address homelessness. This pledge, its largest ever, comes in response to Seattle’s widening affordability gap.
A large portion of the money will [..]
Comments Off on Banking Startup N26 Raises $300 Million at a $2.7 Billion Valuation
N26, a German fintech startup, raised a Series D funding round of $300 million led by Insight Venture Partners. With participants include Singapore’s sovereign wealth fund GIC and existing investors such as [..]
Comments Off on Apple Issues Profit Warning to Investors
Apple CEO Tim Cook released a letter yesterday, revising guidance for the company’s Q1 fiscal results. Apple had previously told investors they could expect revenue of $89 billion to $93 billion in its first quarter. [..]
Comments Off on Amazon Has A Record-Breaking Holiday
Amazon announced yesterday it had another record-breaking holiday season. The retailer said it added “tens of millions” of new Prime membership subscribers, both paid and on a trial basis. Worldwide [..]
Comments Off on Facebook Explains Why Third-party Apps Had Access to Messages
Facebook, Inc. once again has to defend their actions, this time regarding its messaging partnerships. Shares dropped more than 7% after a report stated that Facebook allowed intrusive access to user data.
Comments Off on Apple Announces New $1 Billion Expansion into Austin
Apple announced a significant expansion of its operations, including a new campus in Austin that is expected to cost upwards of $1 billion. The company will also open new offices in Seattle, Los Angeles, and San Diego as it [..]
Comments Off on Salesforce Ventures Introduces $100 Million Fund for Japanese Startups
Salesforce Ventures is launching a $100 million fund to invest in Japanese startups, the company announced late Tuesday afternoon. The Japan Trailblazer Fund will help empower Japanese startups, fuel cloud innovation, and [..]
Even with the recent downward trend in cryptocurrency, e-commerce giant Amazon is introducing two new blockchain technology services, Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain.
Comments Off on Tech’s ‘FAANG’ Stocks Have Lost More Than $1 Trillion
Usually high-performing, the five “FAANG” stocks have collectively lost more than $1 trillion in value after experiencing recent highs. The FAANG stocks – Facebook, Amazon, Apple, Netflix, and [..]
Comments Off on Uber Net Losses Increase to $939 Million
Uber, the ride-sharing company, has released its Q3 2018 financial results. The company’s net losses increased 32 percent quarter over quarter to $939 million on a pro forma basis. However, Uber did anticipate these [..]