Dreaded ‘dip’ slashes billions from startup valuations

Dreaded ‘dip’ slashes billions from startup valuations

Aug 9 (Reuters) – Several high-flying startups are being brought down to earth as recent carnage in global stock markets and lackluster demand for new listings force companies to raise funds at a huge discount to their exorbitant valuations. Easy money from venture capital deals is quickly evaporating in an inflation-driven high interest rate environment … Read more

AppLovin offers to buy video game software maker Unity for $17.5 billion

AppLovin offers to buy video game software maker Unity for .5 billion

People play ‘Pokemon GO’ during the Pokequan GoBoat Adventure cruise on the Occoquan River in the small town of Occoquan, Virginia, U.S. August 14, 2016. REUTERS/Sait Serkan Gurbuz Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Games software company AppLovin Corp (APP.O) made an offer on Tuesday to buy peer … Read more

Russia launches Iranian satellite

Russia launches Iranian satellite

This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine. MOSCOW, Aug 9 (Reuters) – Russia launched an Iranian satellite into orbit from southern Kazakhstan on Tuesday, just three weeks after President Vladimir Putin and Supreme Leader Ayatollah Ali Khamenei pledged to work together against the ‘West. The … Read more

Singapore-based crypto lender Hodlnaut suspends withdrawals

Singapore-based crypto lender Hodlnaut suspends withdrawals

Representations of the virtual currencies Ripple, Bitcoin, Etherum and Litecoin are seen on a PC motherboard in this illustrative image, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 8 (Reuters) – Hodlnaut, a Singapore-based cryptocurrency lender and borrower, has suspended withdrawals, exchanges and deposits, the … Read more

Cryptoverse: blockchain bridges fall into troubled waters

Cryptoverse: blockchain bridges fall into troubled waters

Representations of the cryptocurrencies Bitcoin, Ethereum and Dash dip in water in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register Aug 9 (Reuters) – Another day, another hack – and another blockchain bridge burned. When thieves stole around $190 million from US crypto firm Nomad last … Read more

Hollywood actress Anne Heche in a coma after a violent car accident

Hollywood actress Anne Heche in a coma after a violent car accident

Anne Heche attends the premiere of the film ‘The Tender Bar’ at the TLC Chinese Theater in Los Angeles, California, U.S., December 12, 2021. REUTERS/Aude Guerrucci Join now for FREE unlimited access to Reuters.com Register LOS ANGELES, Aug 8 (Reuters) – Hollywood actress Anne Heche remained hospitalized in critical condition, in a coma and on … Read more

Berkshire Hathaway Posts Massive $43.8 Billion Loss; operating results are improving

Berkshire Hathaway Posts Massive .8 Billion Loss;  operating results are improving

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices hurt … Read more

Tesla sets August 25 as trading day for three-for-one split stock

Tesla sets August 25 as trading day for three-for-one split stock

The logo of car manufacturer Tesla is seen at a branch in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann Join now for FREE unlimited access to Reuters.com Register Aug 5 (Reuters) – Tesla Inc (TSLA.O) said on Friday that trading in its three-for-one split shares would begin on August 25, after the electric vehicle maker’s … Read more

Greek intelligence boss resigns amid wiretapping allegations

Greek intelligence boss resigns amid wiretapping allegations

ATHENS, Aug 5 (Reuters) – Greece’s intelligence chief resigned on Friday amid heightened scrutiny of the agency’s surveillance practices, including an accusation by an opposition party leader that it would have been wiretapped in 2021. Panagiotis Kontoleon, head of the EYP’s intelligence service, has tendered his resignation “following erroneous actions discovered during legal wiretapping procedures”, … Read more

Amazon’s connected device cart expands with $1.7 billion deal for Roomba maker

Amazon’s connected device cart expands with .7 billion deal for Roomba maker

Aug 5 (Reuters) – Amazon.com Inc (AMZN.O) is to acquire robot vacuum maker iRobot Corp (IRBT.O) in an all-cash deal worth around $1.7 billion, as part of the latest push from the world’s largest online site. retailer to expand its basket of smart home devices. Amazon will pay $61 per share, valuing the Roomba maker … Read more