Enterprise

US SEC Seeks $5.3 Billion Fine From Terra’s Do Kwon

Financial regulator asks New York judge to impose $5.3 billion in fines against Terraform Labs and Do Kwon in civil…

8 months ago

Trump Media Warns Of ‘Potential Market Manipulation’

Shares in Trump social media platform owner rise after chief executive warns of 'naked' short sellers trying to manipulate stock…

8 months ago

TSMC Shocks Investors With Lower Chip Growth Forecast

TSMC pulls back on forecast of global chip industry growth for 2024, stirring concerns around expected recovery this year

8 months ago

Netflix Reports Profits Surge, But Forecast Disappoints

Netflix shares slump as it reports profit surge but says it will stop reporting subscriber metrics next year

8 months ago

Trump Media Shares Buckle Over Secondary Offering Plans

Shares in Donald Trump's social media company Trump Media plummet on Monday after company announces plans to issue millions more…

8 months ago

Sam Bankman-Fried Appeals FTX Fraud Sentence Of 25 Years

Disgraced crypto billionaire and former FTX CEO Sam Bankman-Fried appeals 25 prison sentence for masterminding huge fraud

9 months ago

Alphabet Mulls Offer For Marketing Software Firm HubSpot

Amidst antitrust scrutiny, Alphabet reportedly plans on making an offer for HubSpot to bolster CRM and cloud position

9 months ago

Tesla Shares Dive After EV Shipments Disappoint

Investors unhappy after Tesla posts a shipment slump in first quarter despite price cuts, amid concern about user demand for…

9 months ago

CMA Begins Phase 2 Probe Of Vodafone Merger With Three UK

Deadline expired for Vodafone to allay CMA concerns over merger with Three UK. In-depth Phase 2 investigation begins

9 months ago

Intel Shares Slide After Foundry Business Posts $7 Billion Loss

Intel's share price falls 8.2 percent after its contract chip-making business posted an operating loss of $7 billion

9 months ago

Shares In Trump’s Truth Social Firm Rise, Then Tumble

A week after public listing, Donald Trump's firm sees share price fall 21 percent, losing $4 billion in market value

9 months ago

The Netherlands To Spend Billions To Retain ASML Operations

Dutch government will spend 2.5 billion euros ($2.7 billion) to improve infrastructure in Eindhoven, to ensure ASML doesn't move abroad

9 months ago

FTX’s Sam Bankman-Fried Sentenced To 25 Years In Prison For $8bn Fraud

Dramatic downfall. Sam Bankman-Fried sentenced to 25 years in prison for masterminding $8bn fraud that brought down FTX

9 months ago

Amazon Pumps Another $2.75 Billion Into Anthropic

Amazon completes its $4bn investment into AI firm Anthropic, after providing an additional $2.75bn in funding

9 months ago

Trump’s Truth Social Makes Successful Market Debut

Shares in Donald Trump’s social media company rose about 16 percent after first day of trading on the Nasdaq

9 months ago

Vodafone Germany Confirms 2,000 Job Losses, Amid European Restructuring

More downsizing at Vodafone after German operation announces 2,000 jobs will be axed, as automation increases in the future

9 months ago

Trump’s Truth Social Moves Closer To $5bn Merger

Donald Trump social media firm Truth Social moves step closer to public offering via acquisition by shell company as investors…

9 months ago

UK Gives Three, Vodafone Five Days To Avoid In-Depth Merger Probe

CMA concerned the merger would lead to a 'substantial lessening of competition' and result in higher prices for consumers

9 months ago

Reddit Shares Surge After Successful NYSE IPO

Reddit enjoys successful initial public offering in New York, as shares rose which in turn pushed its market cap to…

9 months ago

Intel To Spend $100bn In US, After Biden’s $20bn Award

Big investment planned for US, after Intel wins nearly $20 billion in loans and funding from Biden Administration

9 months ago

Vodafone Sells Italian Operation For €8 Billion

Last downsizing move? Vodafone sells off another European unit, namely its Italian operation to Swisscom for €8bn in cash

10 months ago

UK Judge Rules Craig Wright Is Not Bitcoin’s ‘Satoshi Nakamoto’

Australian computer scientist Dr Craig Wright is not the Bitcoin inventor Satoshi Nakamoto, UK High Court judge rules

10 months ago

UK Joins EU’s Chip Research Program

UK joins European Union's chip funding research scheme, pledging £35 million for EU's 'Chips Joint Undertaking'

10 months ago

Telegram Reaches 900m Users, Nears Profitability

Encrypted messaging app Telegram reaches 900 million users, nears profitability as secretive company considers IPO

10 months ago

Reddit Seeks Valuation Up To $6.4bn In NYSE Listing

Social media platform Reddit seeks valuation of up to $6.4 billion in NYSE listing, as users express concern about investor…

10 months ago

Elliott Walks Away From Currys Offer

Shares in Currys plunge as US investment firm Elliiott Advisers walks away from making offer after being rejected by board…

10 months ago

Spain Temporarily Bans Worldcoin Eyeball Scans Over Privacy

Privacy watchdog in Spain orders Worldcoin to halt eyeball scans to make digital IDs in exchange for crypto

10 months ago

LinkedIn Admits Premium Subscriptions Bring In $1.7bn

LinkedIn makes rare disclosure, and admits premium subscription business delivered $1.7 billion in revenue in 2023

10 months ago