Technology

Dexcom shares sank more than 40% on Friday, their steepest decline ever, after the diabetes management company reported disappointing revenue for the second quarter and offered weak guidance. The stock fell $43.85 to close at $64, wiping out more than $17 billion in market cap. Prior to Friday, the biggest drop came in September 2017,
0 Comments
U.S. Vice President Kamala Harris delivers the keynote speech at the American Federation of Teachers’ 88th national convention in Houston, Texas, U.S. July 25, 2024.  Kaylee Greenlee Beal | Reuters Vice President Kamala Harris debuted an official TikTok account on Thursday, underscoring the social broadcasting app’s importance to the 2024 presidential campaign as a way
0 Comments
By Howard Bloom, Founder and Chair, Space Development Steering Committee, Co-founder Asian Space Technology Summit, and Erinn van Wynsberghe, Founder, VanWyn Technologies NASA recently announced the discontinuation of its VIPER lunar rover project, a rover built to prospect the moon for a precious space commodity, water.  NASA cited cost overruns and launch delays. The decision to abandon
0 Comments
Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE For crypto firm Grayscale, it’s deja vu in the ETF market. On Tuesday, the first spot ether exchange-traded funds hit the U.S. The ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network, allowing investors to buy the cryptocurrency the way they
0 Comments
Elon Musk, CEO of Tesla. Antonio Masiello | Getty Images Tesla shares headed for their steepest slump since January after the electric vehicle maker reported weaker-than-expected quarterly earnings and another drop in automotive revenue. The stock fell 11% as of late Wednesday morning to $219.58. It’s now down 12% for the year, while the Nasdaq
0 Comments
Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant’s largest-ever deal, telling employees it would pursue an initial public offering as it initially planned. “Saying no to such humbling offers is tough,” Wiz co-founder Assaf Rappaport said in a memo obtained by
0 Comments
CrowdStrike makes software to help firms manage their security in IT environments. Sopa Images | Lightrocket | Getty Images Cybersecurity firm CrowdStrike saw its shares plunge Friday, after an update led to a major outage, impacting businesses across the world. Shares of the company, which makes software to help firms manage their security in IT
0 Comments
When computer screens went blue worldwide on Friday, flights were grounded, hotel check-ins became impossible, and freight deliveries were brought to a stand-still. Businesses resorted to paper and pen. And initial suspicions landed on some sort of cyberterrorist attack. The reality, however, was much more mundane: a botched software update from the cybersecurity company CrowdStrike. “In
0 Comments