A little over three years ago, Apple investors pushed the value of its shares above $1 trillion, making it the world’s most highly valued tech company. Then, two years later, Apple stock rose so high that the company’s value passed $2 trillion. Now, it’s risen yet again, topping $3 trillion. As in $3,000,000,000,000. Around 10:45 …
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Intel CEO Pat Gelsinger has ambitious goals: restoring Intel to its earlier glory as the leader in the chip industry, and in so doing, boosting the US share of chip manufacturing to levels it hasn’t seen in several decades. To get there, he’s making big investments: Intel’s just begun building a pair of chip fabrication plants in Arizona at a …
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PayPal introduced cryptocurrency to its platform last October, allowing users to buy, sell and hold Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Starting Tuesday, those who own some crypto can use it to shop. Checkout with Crypto is the new payment option available for PayPal customers when shopping online. Users can select their cryptocurrency when checking out and they’ll see …
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Robinhood, maker of the same-named investing app popular among millennials and central to the GameStop stock controversy, has filed confidentially for an initial public offering, the company said in a blog post Tuesday. “The number of shares to be offered and the price range for the proposed offering have not yet been determined,” the company said. “The initial public offering is …
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Venmo will expand its functionality in the coming months, according to an earnings call with the app’s parent company, PayPal. Not only will users be able to send a few bucks to a friend quickly, but they’ll also have the option to buy some cryptocurrency, save money and even keep up to date on shopping deals with integrated tools from …
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Popular stock-trading app Robinhood went down Monday amid a stock market drop that fell so rapidly due to coronavirus fears and falling oil prices that trading was temporarily halted. A similar outage happened March 2, although for a much longer period of time. The company said via Twitter it has “partially restored” services after trading was stopped Monday morning. The …
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News Corp. Executive Chairman Rupert Murdoch is calling on Facebook and other online news platforms to pay publishers for content posted to their sites. Murdoch issued the statement Monday, a week after Facebook made two major changes to its news feed algorithm. First the social network said it will prioritize posts from friends and family members over those from brands and …
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If you pay for Amazon Prime membership on a monthly basis, get ready to pay a little more. The online retailer on Friday said it raised the monthly fee for Prime to $12.99 from $10.99, up 18 percent and effective immediately. The monthly student rate increased to $6.49 from $5.49. Customers using the monthly option will start paying the higher …
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The battle to save net neutrality is heating up. Senate Democrats have edged closer to overturning the Federal Communications Commission’s repeal of Obama-era net neutrality regulation, and lawsuits challenging the agency have been filed. But net neutrality supporters shouldn’t hold their breath. These efforts are long shots. Sen. Bill Nelson of Florida is flanked by Sen. Ed Markey of Massachusetts …
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The first lawsuits to overturn the Federal Communications Commission’s rollback of Obama-era net neutrality rules have been filed. Attorneys general from 22 states filed a lawsuit on Tuesday to block the repeal of the rules. Mozilla, maker of the Firefox browser, also said it has filed a suit against the FCC, and several public interest groups have filed petitions in …
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