Novogratz’s new fund, others invest $30 million in online encyclopedia A fund launched last month by former macro hedge fund manager Mike Novogratz and global blockchain company Block.One led a group of institutions that invested $30 million in online encyclopedia Everipedia, Everipedia President Sam Kazemian said. Everipedia launched in 2015 […]
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‘Call of Duty’ drives big holiday quarter for Activision Blizzard Activision Blizzard Inc (ATVI.O) beat analysts’ expectations for revenue in the final quarter of 2017, helped by robust Christmas buying of its blockbuster “Call of Duty” videogame and higher digital sales. “Call of Duty: WWII”, which was released in November, […]
FireEye reports first-ever adjusted quarterly profit, shares jump Cyber security firm FireEye Inc (FEYE.O) on Thursday reported its first-ever quarterly adjusted profit since going public in 2013, highlighting gains from the company’s shift to a subscription model and its cost-cutting efforts. FireEye’s shares were up 13.2 percent in extended trading. […]
China’s Didi, SoftBank target Japan in taxi-hailing push China’s Didi Chuxing and SoftBank Group Corp will roll out a venture in Japan later this year to provide ride-hailing services, amid a global battle to control the technology increasingly central to urban transport. The move into Japan underscores a recent push […]
Google’s move to bring Nest back into the fold is a sign it’s taking the huge threat from Amazon seriously Google is clearly worried about Amazon. If that wasn’t obvious before, it should be now, after the search giant announced it was going to bring Nest, the smart-home product company […]
France, Germany want progress on taxing tech giants France and Germany intensified calls on Wednesday for U.S. technology giants to pay more tax in the European Union, with Paris saying the new bill could amount to billions of euros. French Finance Minister Bruno Le Maire said he wanted the EU […]
Senators propose bill to block U.S. from using Huawei, ZTE equipment Two Republican Senators introduced legislation on Wednesday that would block the U.S. government from buying or leasing telecommunications equipment from Huawei Technologies Co Ltd or ZTE Corp, citing concern the Chinese companies would use their access to spy on […]
Take-Two raises forecast on boost from ‘NBA 2K18’, ‘Grand Theft Auto’ Take-Two Interactive Software Inc lifted its full-year adjusted revenue forecast on Wednesday, as the videogame maker expects to benefit from the latest version of its popular basketball franchise and its iconic “Grand Theft Auto” series. The company is betting […]
Alphabet shifts thermostat maker Nest into Google Alphabet Inc merged smart thermostat maker Nest, which had operated as an independent unit, into its Google hardware group, the company announced in a blog post on Wednesday. The move unifies Google’s growing hardware team, which designs smartphones, laptops and speakers, with Nest, […]
China’s Huawei builds British ties in face of U.S. cold shoulder China’s Huawei said on Tuesday it will spend a further 3 billion pounds ($4.2 billion) on procurement in Britain as the world’s largest telecom equipment maker seeks alternatives to the United States, where it faces an effective ban. Huawei […]
