Hackers have stolen $1.4 billion this year using crypto bridges

Mining the Worlds Second-most-valuable Cryptocurrency at Evobits IT SRL An engineer inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worlds second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg via Getty Images Photographer: Akos … Read more

Palantir (PLTR) earnings Q2 2022

A banner featuring the logo of Palantir Technologies (PLTR) is seen at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, US, September 30, 2020. Andrew Kelly | Reuters Palantir reported second-quarter results before the bell Monday that showed a loss per share compared … Read more

SoftBank Vision Fund posts a $21.6 billion quarterly loss

SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted one of its biggest losses at its Vision Fund investment … Read more

Twitter-Musk drama escalates in legal filings claiming bad behavior

The Twitter-Elon Musk saga continued this week, as the two parties traded barbs in legal filings ahead of a five-day trial that’s scheduled to start Oct. 17. Newly released legal documents from lawyers representing Musk in a countersuit against Twitter claim the social media company engaged in a scheme to “mislead investors” by providing false … Read more

Alibaba (BABA) earnings fiscal Q1 June quarter

Alibaba reported fiscal first-quarter earnings on Thursday that beat expectations, sending its stock higher. The Chinese e-commerce giant’s US-listed shares jumped as much as 6% and closed the session 1.8% higher. Here’s how Alibaba did in its fiscal first quarter, versus Refinitiv consensus estimates: Revenue: 205.55 billion Chinese yuan ($30.68 billion) vs. 203.19 billion yuan … Read more

Indonesia’s PayPal, Yahoo bans cast cloud over tech hub dream | Technology

Jakarta, Indonesia – Indonesia’s temporary ban on major websites including PayPal has exposed the difficult balancing act Jakarta faces as it seeks to both tighten control of the internet and become Southeast Asia’s next tech hub. Indonesian President Joko “Jokowi” Widodo has listed digital infrastructure as a priority under his Making Indonesia 4.0 roadmap aimed … Read more

Pelosi Taiwan visit puts TSMC back in spotlight of U.S.-China rivalry

Taiwan Semiconductor Manufacturing Company (TSMC) is the biggest chipmaker contract in the world. But it has been thrust in the middle of US-China geopolitical tensions. logo displayed on the screen. Rafael Henrique | Soup Images | Lightrocket | Getty Images US House Speaker Nancy Pelosi may have left Taiwan but the visit has cast a … Read more

Instagram boss Adam Mosseri to relocate to London

Instagram CEO Adam Mosseri Elizabeth Frantz | Reuters Instagram chief Adam Mosseri is relocating from San Francisco to London, in a bid to boost parent company Meta’s ambition to lure users away from TikTok as it grapples with a slump in users. Mosseri will move to London later this year, and the move will be … Read more

Amazon says carbon emissions increased 18% in 2021

Amazon vans line up at a distribution center to pick up packages for delivery on Amazon Prime Day in Orlando, Florida. Paul Hennessy | NurPhoto | Getty Images Amazon’s carbon emissions jumped 18% last year, as the company reckoned with a pandemic-driven surge in e-commerce and grew its business to meet that demand. In its … Read more

Productivity and focus must improve

Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google is launching a new effort called “Simplicity Sprint” in an effort to improve efficiency and improve employee focus during an uncertain economic environment. The Alphabet company had its regular … Read more