Business News
Doja Cat Is the Average Marketer's Worst Nightmare. That's Why Taco Bell Hired Her
AdWeek - 18 May 2022 19:05
When it comes to selecting a brand-safe partner, Doja Cat would have a hard time making it to the top of any marketing team's list. The rapper's Twitter feed is an uncensored stream of consciousness--a hub where she anno...
: You Bought. They Sold. Meet some of the insiders who unloaded $35 billion of stock in the tech IPO bonanza that tanked.
Market Watch - 18 May 2022 16:59
Stocks of FIGS, Coinbase, Coupang and Robinhood have plunged since 2021 IPOs. But not before executives and financial backers sold portions of their holdings.
Tencent's Earnings Are a Bad Omen for Chinese Tech
Wall Street Journal - 18 May 2022 16:24
China's most valuable internet company is contending with a toxic mix of slowing consumption and regulatory overhang at home, and the same forces punishing other tech firms abroad.
Mark Cuban supports Biden's proposal to forgive $10,000 in student debt per borrower as long as 'ridiculous tuition fees' are addressed alongside it: 'We don't want this being a perennial problem'
Business Insider - 18 May 2022 16:47
Cuban previously said canceling debt is "the worst thing you can do," but told Insider he now supports forgiving $10,000 and free community college.
Michelob Ultra's 'Courtside' Snags Platinum Honor During 2022 OBIE Awards
AdWeek - 18 May 2022 04:00
When the Covid-19 pandemic rendered in-person spectating an impossibility, Michelob Ultra teamed up with Microsoft and FCB New York to bring NBA fans courtside from the safety of their homes. Now, that herculean effort i...
Wells Fargo's CEO says there is 'no question' that the US is heading into a downturn and it will be hard to avoid recession
Business Insider - 18 May 2022 14:55
Charlie Scharf said while a recession in the US seems hard to avoid, the strength of businesses and consumers would dampen its impact.
DOJ Files First Criminal Complaint Against US Citizen Allegedly Using Cryptocurrency to Evade Sanctions
Bitcoin.com - 18 May 2022 06:00
The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its services as designed to e...
MarketWatch First Take: Elon Musk doesn't want to buy Twitter anymore, but Twitter should make him pay for it
Market Watch - 18 May 2022 04:25
It's becoming quite clear that Elon Musk no longer wants to buy Twitter, or at least not at the current price he had negotiated, in what has become one of the strangest M&A sagas ever.
Elon Musk: US Economy Is Probably in Recession That Could Last 18 Months -- Warns It 'Will Get Worse'
Bitcoin.com - 18 May 2022 04:00
Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the government printed a zi...
The Walton family lost nearly $19 billion on Tuesday after Walmart's biggest stock slide in about 35 years
Business Insider - 18 May 2022 03:21The curious case of Fino Bank exits
livemint.com - 18 May 2022 21:17
Lapses in corporate governance, silence of institutional shareholders have plunged the bank into needless controversy.Insiders have flagged irregularities in the governance process. Among the unanswered questions, were t...
Biggest Movers: ATOM Remains Close to 1-Year Lows, as DOT Declines 8%
Bitcoin.com - 18 May 2022 20:01
ATOM moved closer towards a one-year low on Wednesday, as prices dropped by nearly 10%. This came as DOT also declined during today’s trading session, when global crypto markets fell by over 3% as of writing. Cosmos (A...
Can Elon Musk Just Walk Away From Twitter?
Wall Street Journal - 18 May 2022 19:04
Here are the Tesla chief executive's options should he try to exit his $44-billion acquisition of the social media company.
Do Kwon's Plan for New Terra Blockchain Becomes 'Final'
Crypto News - 18 May 2022 14:57
A plan to revive the Terra (LUNA) ecosystem by creating a new blockchain without an algorithmic stablecoin has been designated as "final" by Terraform Labs CEO and co-founder Do Kwon. By creating a new blockchain with it...
Axie Infinity, NFT and Other Projects Fall Victims of a Phishing Attack
Crypto News - 18 May 2022 11:10
Messaging platform Discord servers of multiple large NFT collections and crypto projects, including play-to-earn game Axie Infinity, have been compromised, with attackers publishing phishing links that appear to be NFT m...
New Relic releases new vulnerability management solution
Venture Beat - 18 May 2022 20:00
Full-stack observability provider New Relic announces the launch of a new vulnerability management solution.
Synchrony Financial Stock Lost 10% In One Week, What To Expect Next?
Forbes - 18 May 2022 16:00After Taking Over Myspace, Trolli Tries Out Craigslist
AdWeek - 18 May 2022 16:00
One year ago, Trolli picked an unusual platform to promote a line of martian-themed gummies: Myspace. Without spending a dime on paid media, the brand built more than 200 Myspace profile pages for its candied characters ...
Bitcoin and Ethereum Stuck Near Key Levels, Altcoins Struggle
Crypto News - 18 May 2022 15:59
Bitcoin price is struggling to gain momentum above USD 30,000 and is currently (11:46 UTC) trading near USD 29,850 while holding the key USD 29,000 support. A downside break below USD 29,000 could start a stronger bearis...
Web3 Gaming Company Metatheory Raises $24 Million With Backing From A16z, Pantera, and FTX
Bitcoin.com - 18 May 2022 15:45
Metatheory, a Web3 gaming company founded in 2021, has announced it has raised $24 million in a Series A funding round. The investment round, which was led by big VC names in the crypto space like a16z, also had the part...