Facebook systems’ sudden emergence to darkness on Monday sends the social media mogul stoke to plummet by almost 5 percent, bleeding Mark Zuckerberg net worth by more than $6 billion, according to Bloomberg’s Billionaire Index. During the same time its global head of safety Antigone Davis went live on CNBC to clear the company’s image over the […]
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The ruling Communist Party is tightening political control over China’s internet giants and tapping their wealth to pay for its ambitions to reduce reliance on U.S. and European technology. Anti-monopoly and data security crackdowns starting in late 2020 have shaken the industry, which flourished for two decades with little regulation. Investor jitters have knocked more […]
Former U.S. Secretary of Defense James Mattis testified Wednesday in the trial of fallen tech star Elizabeth Holmes, saying the entrepreneur misled him into believing she was on the verge of rolling out a blood-testing breakthrough that he hoped would help save lives of troops in battle. Mattis’ appearance came during the sixth day of […]
South Korea will release billionaire Samsung scion Lee Jae-yong on parole this week after he spent 18 months in prison for his role in a massive corruption scandal that triggered nationwide protests and led to the ouster of the country’s previous president. The announcement Monday by the Justice Ministry, which came with a year left […]
Two of the world’s high-profile tech geniuses, Elon Musk and Jeff Bezos, have been competing against each other over their respective space ambitions. Musk owns SpaceX, a space transportation company that was recently awarded by NASA a $2.9 billion contract to build the spacecraft in charge of helping astronauts travel down the lunar surface by […]
When Blue Origin launches people into space for the first time, founder Jeff Bezos will be on board. No test pilots or flight engineers for Tuesday’s debut flight from West Texas, just Bezos, his brother, an 82-year-old aviation pioneer and a teenage tourist. The capsule is entirely automated, unlike Richard Branson’s Virgin Galactic rocket plane […]
E-commerce titan Amazon payed Facebook an undisclosed fee as part of its latest acquisition, terminating Facebook’s efforts to deliver internet connectivity. Amazon acquiring Facebook’s employees initiates the beginning of its plan to provide internet connectivity from low Earth orbit satellites, The Information reports. Back in April, Facebook’s team was added to Amazon’s 500-person group which […]
With Virgin Galactic making its highest profile test flight to date with boss Richard Branson aboard, it’s only a matter of time before paying customers get their chance and New Mexico realizes a dream that has been decades in the making. Former Gov. Bill Richardson is among those who have been watching the progress of […]
Cryptocurrency has dominated worldwide headlines, taken over the minds of basically every tech enthusiast, FinTech genius, business, and global governments across the spectrum. Everyone is either buying it, investing in it, or mining it; through rise and fall, people are in full swing with crypto wallets popping up as far as the finger can scroll. […]
Shock and surprise were the predominant emotions bustling through ByteDance employees when their softly spoken founder Zhang Yiming announced that he will be stepping down as CEO of what has been described to be the world’s biggest unicorn. Zhang – a 38-year-old billionaire estimated by Forbes to have a net worth of $35.6 billion – […]