A visual representation of cryptocurrencies. Jakub Porzycki | NurPhoto | Getty Images The International Monetary Fund is concerned about cryptocurrencies, particularly because the nascent market is growing at such a significant pace and regulation is not following suit. The total market value of all crypto assets surpassed $2 trillion in September this year — representing
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In this article BIDU Baidu Vice President Ma Jie gives reporters in Beijing a preview on Dec. 21, 2021, of how the company’s metaverse app XiRang will host a developer conference. Baidu BEIJING — While metaverse hype has swept the world this year, one of China’s tech giants in the game has revealed a version
Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Jack Dorsey has been blocked on Twitter, the social media
Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images If 2021 was the year for electric vehicle stocks, 2022 is the year for actual deliveries. At least that’s the wager. Investor money this year poured into
David Marcus, head of blockchain with Facebook Inc., waits for the start of a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 16, 2019. Andrew Harrer | Bloomberg | Getty Images It was a year of change for Facebook. The company was reborn as Meta, its first name change since Facebook dropped
In this article 9618-HK 700-HK JD.com plummeted Thursday after Tencent announced it will be giving most of its shares in the Chinese e-commerce giant away to its shareholders. Tencent said it will declare a one-time dividend in which it will distribute more than 457 million Class A ordinary shares of JD.com to shareholders, with a
Workers and supporters hold signs after filing a petition requesting an election to form a union outside the National Labor Relations Board (NLRB) regional office in the Brooklyn Borough of New York, on Monday, Oct. 25, 2021. Gabby Jones | Bloomberg | Getty Images A labor group seeking to organize Amazon warehouse workers on New
Matthew Lloyd | Bloomberg | Getty Images When a video game company only your kids have heard of goes public at a $38 billion valuation, you pay attention. When Microsoft‘s CEO drops the phrase “metaverse economies” on a quarterly earnings call, you pay attention. When Mark Zuckerberg says he’s going to spend $10 billion to
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. FABRICE COFFRINI | AFP | Getty Images Google employees are pressing executives to bring back a part of the company’s culture that, in the past, made it a desirable place to work: candor.
Bob Iger, chief executive officer of Walt Disney Co., waves as he arrives for the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Tuesday, July 5, 2016. David Paul Morris | Bloomberg | Getty Images Disney chairman and former CEO Bob Iger told CNBC he began thinking about stepping down
The site of a roof collapse at an Amazon.com distribution center in Edwardsville, Illinois. Drone Base | Reuters Gary Quigley was nearing the end of his Amazon delivery route on Friday when he noticed the winds were picking up. Quigley had been listening to local radio stations in Edwardsville, Illinois, all afternoon to keep an
In this article CERN ORCL A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Justin Sullivan | Getty Images Enterprise software giant Oracle will buy electronic medical records company Cerner in an all-cash deal for $95 per share, or approximately $28.3 billion in equity value. The deal, expected to
In this article ZM Zoom will continue to be relevant after the pandemic even when people return to the office, according to an executive from the video communications company. More organizations are moving toward a hybrid work model in which employees work both in the office and from home each week. “I think there are
Chesnot | Getty Images For years, the U.S. government has maintained a side hustle auctioning off bitcoin and other cryptocurrencies. Historically, Uncle Sam has done a pretty lousy job of timing the market. The 500 bitcoin it sold to Riot Blockchain in 2018 for around $5 million? That’s now worth north of $23 million. Or
Chris Ratcliffe | Bloomberg | Getty Images When Kickstarter unveiled its ambition to develop a blockchain-based crowdfunding system, the company characterized the move as a way to push creators closer to their audiences. “Backers should be able to easily discover and participate more deeply in projects, better control their data, and have more robust tools
Chairman of Disney Michael Iger arrives for the Allen & Company Sun Valley Conference on July 06, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images New year prediction pieces are a journalism standard. But instead of giving my own projections, I asked 10 media executives, the promise of anonymity, to give me their
Asana CEO and Facebook co-founder Dustin Moskovitz PATRICIA DE MELO MOREIRA | AFP | Getty Images Dustin Moskovitz is buying the dip. Again. The billionaire co-founder and CEO of cloud software vendor Asana bought $81 million worth of the company’s stock this week as part of a pre-arranged trading plan, bringing his purchases for the
The future of bitcoin is anyone’s guess, but one academic has warned that the world’s most popular cryptocurrency could fade out in the near future. Eswar Prasad, senior professor of international trade policy at Cornell University, told CNBC’s “Squawk Box Europe” earlier this month: “Bitcoin itself may not last that much longer.” Bitcoin’s price has
An aerial view of Apple Park is seen in Cupertino, California, United States on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Apple told staff on Wednesday that it is delaying a planned return to offices for corporate workers until an undetermined date, according to reports from Bloomberg News and NBC News
Workers at an indoor vertical farm in Las Vegas where they grow fresh produce and use 90 percent less water than a traditional farm and eventually plan to fully automate harvesting. Source: Oasis Biotech Infarm, an Amsterdam-headquartered start-up that grows food indoors in racks, has been valued at over $1 billion in a new $200 million