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Thursday, June 26th, 2025

    Technology

  • SoftBank posts a $21.6 billion quarterly loss on its Vision Fund, one of the highest in its history

    Technology | Aug 8, 2022

    SoftBank posts a $21.6 billion quarterly loss on its Vision Fund, one of the highest in its history

    SoftBank posted a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter for its Vision Fund. This is its second-largest quarterly loss.

  • Video game giants had a miserable second quarter as the pandemic gaming boom hits a wall

    Technology | Aug 7, 2022

    Video game giants had a miserable second quarter as the pandemic gaming boom hits a wall

    Microsoft, Sony and Nintendo each reported a fall in quarterly video game sales. The main reason? People are spending less time playing and more time going out.

  • Bankrupt crypto lending platform Celsius withdraws motion to hire CFO back at $92,000 a month

    Technology | Aug 7, 2022

    Bankrupt crypto lending platform Celsius withdraws motion to hire CFO back at $92,000 a month

    Celsius has withdrawn its motion to bring back ex-CFO Rod Bolger at $92,000 a month.

  • Why creating a horror movie haven on Netflix may be a smart move for the streaming giant

    Technology | Aug 7, 2022

    Why creating a horror movie haven on Netflix may be a smart move for the streaming giant

    Netflix has spent big in recent years on flashy, blockbuster-style action movies, meanwhile it’s found success in the comparatively low-budget horror genre.

  • Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

    Technology | Aug 6, 2022

    Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

    Elon Musk took shots at Twitter on Saturday, and dared CEO Parag Agrawal to debate him in the midst of a legal battle over a $44 billion acquisition gone awry.

  • Bohemian noble family redefines modern aristocracy by selling NFTs to preserve and share a 700-year-old legacy

    Technology | Aug 6, 2022

    Bohemian noble family redefines modern aristocracy by selling NFTs to preserve and share a 700-year-old legacy

    A 27-year-old prince in Prague is trying to preserve and share his family’s 700-year legacy using NFTs, the blockchain, and the metaverse.

  • Netflix is expanding its push into video games, but few subscribers are playing along

    Technology | Aug 6, 2022

    Netflix is expanding its push into video games, but few subscribers are playing along

    Netflix has been rolling out the games as a way to keep users engaged between show releases. But estimates suggest few subscribers are playing.

  • California DMV accuses Tesla of deceptive practices in marketing Autopilot and Full Self-Driving options

    Technology | Aug 5, 2022

    California DMV accuses Tesla of deceptive practices in marketing Autopilot and Full Self-Driving options

    Elon Musk’s electric car business risks more than its reputation — the company could temporarily lose the licenses which allow it to operate in California.

  • Twitter-Musk drama escalates as both sides hurl claims of bad behavior in new filings

    Technology | Aug 5, 2022

    Twitter-Musk drama escalates as both sides hurl claims of bad behavior in new filings

    Elon Musk and Twitter will head to court in Delaware on Oct. 17, and in the meantime are continuing their attacks.

  • Gig economy stocks popped this week after showing strong demand for their services

    Technology | Aug 5, 2022

    Gig economy stocks popped this week after showing strong demand for their services

    Shares of gig economy companies popped this week as Uber, Lyft, DoorDash and Airbnb posted quarterly reports that showed strong demand.

  • Amazon to acquire maker of Roomba vacuums for roughly $1.7 billion

    Technology | Aug 5, 2022

    Amazon to acquire maker of Roomba vacuums for roughly $1.7 billion

    Amazon is acquiring iRobot for $61 a share, an all-cash deal that values the Roomba maker at $1.7 billion, the companies announced Friday.

  • Cloudflare soars after beating on revenue and raising annual forecast

    Technology | Aug 5, 2022

    Cloudflare soars after beating on revenue and raising annual forecast

    Cloudflare sees improving trends in sales cycles, and now it’s bringing in more large customers.

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