When French telecommunications company Altice acquired U.S. cable companies Cablevision and Suddenlink, Chairman Patrick Drahi made a bold statement: Altice USA would rival Comcast and Charter in size, becoming one of the three dominant U.S. cable operators. Fast forward nearly six years, and Altice USA has about 5 million customer relationships, compared with about 31
Technology
Workers in the Foxconn factory in Shenzhen, China. AFP | Getty Images China’s spending on research and development climbed 10.3% to 2.44 trillion Chinese yuan ($378 billion) in 2020, according to the nation’s National Bureau of Statistics. The bureau said in a press release on Sunday that R&D spend, which looks to develop new services
U.S. President Joe Biden delivers remarks prior to signing an executive order, aimed at addressing a global semiconductor chip shortage, in the State Dining Room at the White House in Washington, February 24, 2021. Jonathan Ernst | Reuters Without naming Amazon specifically, President Joe Biden on Sunday expressed support for a closely watched union vote
Roblox CEO David Baszucki Roblox Roblox is counting on adults to buy its stock when the company goes public next month. But it also wants them as customers. Roblox has become one of the top-grossing apps on Apple and Google devices through its millions of user-created games that allow kids to hang out with their
A bike messenger carries a DoorDash bag during a delivery in New York, Wednesday, Dec. 9, 2020. Michael Nagle | Bloomberg | Getty Images Still fresh off of a landmark victory in California, companies like DoorDash, Instacart, Lyft and Uber are preparing to bring their message supporting an independent workforce nationwide. But the companies will
After the riots at the Capitol on January 6, debate is swirling over how platforms moderate content and what is protected as free speech. It’s a messy and expensive process, with Facebook spending billions to review millions of pieces of content every day. While TikTok directly employs content moderators, Facebook, Twitter and YouTube outsource most
Co-founder and CEO of Airbnb Brian Chesky speaks during an interview in Langa township, Cape Town, South Africa March 17, 2017. Mike Hutchings | Reuters Airbnb’s stock was up as much as 16% on Friday following a number of analyst reports highlighting that the company is well positioned to capitalize on the expected recovery in
Coinbase CEO Brian Armstrong Getty Images Coinbase may be targeting an astronomical valuation when it goes public in the coming weeks, but it’s yet to give investors an indication of what kind of prices people are willing to pay in the private market. Instead of going public through an IPO, Coinbase is following companies like
Andrew Bosworth AKA Boz, an advertising expert for Facebook, gives a talk at the Online Marketing Rockstars marketing trade show in Hamburg, Germany, 03 March 2017. Photo: Christian Charisius/dpa | usage worldwide (Photo by Christian Charisius/picture alliance via Getty Images) Christian Charisius | picture alliance | Getty Images Facebook’s head of hardware on Thursday confirmed
Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch Cryptocurrency exchange Coinbase on Thursday filed to become a public company and revealed that its revenue more than doubled last year. According to the filing, Coinbase had net revenue of $1.14 billion in 2020, up from
President Joe Biden signed an executive order Wednesday meant to address a global chip shortage impacting industries ranging from medical supplies to electric vehicles. The order includes a 100-day review of key products including semiconductors and advanced batteries used in electric vehicles, followed by a broader, long-term review of six sectors of the economy. The
Facebook Chairman and CEO Mark Zuckerberg. Erin Scott | Reuters Australia’s antitrust chief on Wednesday claimed a victory over Facebook in a digital news battle that has captivated the world over the last week. Facebook blocked news pages last Wednesday after the Australian government said it was going to introduce a new law that would
Jack Dorsey, chief executive officer of Twitter Inc. and Square Inc., speaks during an Empowering Entrepreneurs events at Ryerson University in Toronto, Ontario, Canada, on Tuesday, April 2, 2019. Cole Burston | Bloomberg | Getty Images Square bought $170 million worth of Bitcoin, the company revealed in its fiscal fourth quarter financial report on Tuesday.
Tesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future. Artur Widak | NurPhoto | Getty Images Tesla’s share price is now directly linked to the price of bitcoin after Elon Musk’s company invested $1.5 billion
Tesla CEO Elon Musk speaks at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images Shares of Tesla closed down 8.55% on Monday, as investors betting on a pandemic comeback rotated out Big Tech and piled into cyclical stocks. It’s
Tesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future. Artur Widak | NurPhoto | Getty Images Tesla has made roughly $1 billion in paper profits from its investment into bitcoin, according to Daniel Ives, analyst