Alibaba sheds $20 billion in market cap as cloud spinoff scrapped

Shares of Chinese tech giant Alibaba tumble on Sept. 11, 2023 after the company said in a surprise move that outgoing CEO Daniel Zhang will also be stepping down as chairman and CEO of its cloud business. Bloomberg | Bloomberg | Getty Images Chinese e-commerce giant Alibaba saw $20 billion wiped off its market capitalization … Read more

Okta hack wipes out more than $2 billion in market cap

The Okta Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Sunday, Feb. 28, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Okta has shed more than $2 billion from its market valuation since the company disclosed a hack of its support systems on Friday. The high-profile incident is the … Read more

Amid AI buzz, big US tech giants add $2.4 trillion in market cap

CFOTO | Future Publishing via Getty Images U.S. tech giants added $2.4 trillion to their market capitalizations in a year defined by the hype around generative artificial intelligence, according to a new report from venture capital firm Accel. Accel, in its annual Euroscape report, said the share price values of big technology firms such as … Read more

TechCrunch+ Roundup: Slashing SaaS costs, FedNow’s ‘game changer,’ diverse cap tables

Software is a company’s third-largest expense, but because it’s spread across multiple departments, it’s the CFO’s responsibility to find places to cut. In a TC+ column that includes spending benchmarks (based on employee size), CloudEagle founder and CEO Nidhi Jain shares her “cost-optimization playbook” for SaaS startups. Full TechCrunch+ articles are only available to members.Use … Read more

Building an equitable cap table puts more tools in a startup’s toolbox

The person a founder chooses to back their company is important beyond the capital these investors provide. Each backer brings specific experiences and networks that can help founders in various ways. Getting the right people involved in a company early is instrumental in helping it grow. Ashley Mayer, a co-founder and GP at Coalition Operators; … Read more

Apple market cap tops $3 trillion

Apple’s market cap closed above $3 trillion for the primary time ever on Friday, as its shares climbed about 2.31% to a brand new excessive and handed the $190.73 value required to hit the milestone, in line with CNBC’s most up-to-date share rely. Apple was the primary firm to hit a $3 trillion market cap … Read more

Bitcoin rises above $31,000 to highest in over a 12 months to cap the week

A visible illustration of Bitcoin. Edward Smith | Getty Pictures Bitcoin briefly broke above $31,000 Friday, constructing on latest positive aspects fueled by establishments’ dedication to layering crypto into their companies. The most important cryptocurrency was final larger 2.44% at $30,879.97, based on Coin Metrics. At one level, it hit a peak of $31,412.72, its … Read more

Nvidia crosses into $1 trillion market cap earlier than giving again positive aspects

Nvidia hit a $1 trillion market cap on the open Tuesday earlier than paring again positive aspects, falling to $990 billion. Nvidia’s shares needed to maintain above $404.86 to keep up that distinction all through the day. The inventory gave again a few of its positive aspects by late afternoon buying and selling, holding on … Read more