A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Dado Ruvic | Reuters The Securities and Exchange Commission scored a major win in its lawsuit against Coinbase on Wednesday, as a judge ruled that its claim that the cryptocurrency exchange engaged in … Read more
Do you remember Facebook Watch? Me neither. Mark Zuckerberg’s short-lived streaming service never really got off the ground, but court filings unsealed in Meta’s antitrust lawsuit claim “Watch” was kneecapped starting in 2018 to protect Zuckerberg’s advertising relationship with Netflix CEO Reed Hastings. Making the Facebook Papers Public “For nearly a decade, Netflix and Facebook … Read more
BEIJING — Dutch Prime Minister Mark Rutte is meeting with Chinese leaders Wednesday for talks that are expected to include the wars in Ukraine and Gaza and Dutch restrictions on the export of semiconductor manufacturing equipment to China. The Netherlands imposed export licensing requirements in 2023 on the sale of machinery that can make advanced … Read more
VEENDAM, Netherlands — A 420-meter (quarter-mile) white steel tube running alongside a railway line in the windswept northern Netherlands could usher in a new era in the transportation of people and freight. The tube is the heart of the new European Hyperloop Center that opens Tuesday and will be a proving ground in coming years … Read more
Technology has become so ingrained into our lives that we often don’t stop to think about the electronics—small, delicate, and powerful—that have to work in perfect harmony to make our favorite gadget work. In my case, I would have never imagined that Apple’s Lightning charger, a bane of my existence, would have as many tiny … Read more
The Alibaba Group company logo is displayed on a screen at the New York Stock Exchange during morning trading on February 14, 2024 in New York City. Michael M. Santiago | Getty Images Alibaba on Tuesday said it was scrapping a planned initial public offering for its smart logistics unit Cainiao, adding to recent woes … Read more
Microsoft said Monday it has selected company veteran Pavan Davuluri to lead its Windows operating system and Surface devices teams. Davuluri, who joined Microsoft in 2001 and has been corporate vice president for almost three years, is taking on additional responsibilities after Panos Panay decamped to Amazon last fall. Windows remains critical to Microsoft. Its … Read more
One of two Binance executives detained in Nigeria has escaped custody, while the Nigerian government has filed new tax evasion charges against the global cryptocurrency exchange. Nigeria’s Federal Inland Revenue Service (FIRS) Monday announced that four new charges relating to tax evasion had been filed at the Federal High Court in Abuja, according to multiple … Read more
Adam Neumann of WeWork and Victor Fung Kwok-king, right, chairman of Fung Group, attend a signing ceremony at WeWork’s Weihai Road location on April 12, 2018 in Shanghai, China. Jackal Pan | Visual China Group | Getty Images Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of … Read more
In this photo illustration, Anthropic logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million, according to a filing submitted … Read more