TikTok parent ByteDance’s valuation hits $300 billion, sources say
TikTok parent company ByteDance recently valued the company at about $300 billion after consulting investors about a stock buyback program, according to two people familiar with the matter and documents seen by Reuters. ByteDance has contacted investors in recent weeks and offered a price of $180.70 per share, the people said. The current offer price […]
2 cryptocurrencies to reach $5 billion market cap by the year-end – Finbold – Finance in Bold
Despite its inherent volatility, the cryptocurrency market continues to offer significant growth opportunities as certain projects have great potential. Currently, the global cryptocurrency market capitalization is stable at $3.18 trillion, with a fluctuation of 1.9% over the past 24 hours, indicating growing optimism among investors. With this in mind, Finvold identified the two cryptocurrencies most […]
MicroStrategy’s $26 billion Bitcoin cache is larger than IBM, Nike cash holdings – Yahoo Finance
(Bloomberg) — Michael Saylor's unusual decision to hold Bitcoin instead of cash on MicroStrategy's books has turned the once-obscure software maker into the upper echelon of one of the richest companies when it comes to financial assets. I jumped into the club. Most Read Articles on Bloomberg Listen to the Here's Why podcast on Apple, […]
Big Tech Stocks Suffer Near $500 Billion Selloff As ‘Dangerously Bullish’ Rally Loses Steam – Forbes
top line Trump-inspired stock market rally further dwindled as investors took note of further concerns hawkish Monetary policy has caused big tech stocks to drop sharply as indexes head into a down week, although stock prices have remained positive since last week's election. On Friday, the Trump-induced stock market rally slowed further. Getty Images important […]
Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion
European food delivery giant Just Eat Takeaway.com is selling Grubhub for $650 million, down from the billions it spent just three years ago to acquire the U.S. platform. It's only a fraction of the dollar. Wonder Group, a New York-based food ordering company that promotes “fast fine” dining, will be Grubhub's new owner. Under terms […]
After $1 Billion Failed To Stop Trump, Lib Donors Balk At Funding ‘Resistance’
Many of the groups working to disrupt President-elect Donald Trump's first term in office have attacked donors over funding, and Vice President Kamala Harris has threatened to defeat Trump with a $1 billion war chest. It was reported that the government was met with a lukewarm response following the failure to do so. New York […]
DOJ sues UnitedHealth amid $3.3 billion bid to buy home care giant Amedisys – CBS News
Man's family wins millions of dollars in lawsuit over Hennepin County Jail death, other headlines Man's family wins millions of dollars in lawsuit over Hennepin County Jail death, other headlines 04:25 minneapolis —Minnesota-based UnitedHealth Group Inc. is the focus of an antitrust lawsuit filed Tuesday by the U.S. Department of Justice. A spokesperson for UnitedHealth […]
DNC official blasts Harris campaign as ‘$1 billion disaster’ while Trump trolls Democrats’ lavish spending
Democratic National Committee officials skewered the Harris campaign, declaring it a “billion dollar disaster.” President-elect Donald Trump has ravaged the Democratic Party's lavish spending on his failed campaign. Lindy Lee, a member of the Democratic National Committee's finance committee, accused the Harris campaign of misleading Democratic donors about Kamala's chances of winning the 2024 presidential […]
Massive Day For BlackRock's Bitcoin ETF As Trading Volume Reaches Unseen Levels With $4.1 Billion Traded – Benzinga
On November 6th, BlackRock's iShares Bitcoin Trust (IBIT) achieved an unprecedented trading milestone, with trading volume soaring to a record $4.1 billion in a single day. This surge following Donald Trump's re-election as US president indicates strong institutional and potentially individual interest in crypto ETFs. Don't miss: Bloomberg ETF analyst Eric Balchunas (formerly Twitter) wrote […]
DNC official Lindy Li blasts Harris campaign as a ‘$1 billion disaster’
Lindy Lee, a member of the Democratic National Committee's finance committee, slammed Vice President Kamala Harris' campaign on the coal issue, calling it a “billion-dollar disaster” and criticizing President-elect Donald Trump. demanded accountability after the victory. At one point during a TV appearance, Lee even dropped a bombshell, accusing the Democratic Party of “you” of […]