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Tag Archives: FB

Peter Thiel places big bet on bitcoin: report


Founders Fund, the venture capital fund started by famed Silicon Valley investor and entrepreneur Peter Thiel, is holding “hundreds of millions of dollars” in bitcoin, the Wall Street Journal reported. The fund invested some $15 to $20 million in the so-called cryptocurrency in mid-2017, according to the newspaper. Bitcoin’s price …

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The top 9 American companies to work for


Getty Images/iStockphoto Although the US unemployment rate is at its lowest level since 2001, finding what most experts would define as a good job remains challenging. American workers, though, are offering their two cents about their employers at Glassdoor, which lets people both highlight the perks and air their grievances …

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Winklevoss twins become first "bitcoin billionaires"


Last Updated Dec 4, 2017 5:34 PM EST Tyler and Cameron Winklevoss, twins who made a prescient $11 million investment in bitcoin, are reportedly now billionaires, thanks to that 2013 bet. The brothers had first gained notoriety more than a decade ago when they unsuccessfully sued Facebook (FB) CEO Marc …

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How much of the world's wealth is owned by the rich?


Wealth creation is on the rise around the world, but not everyone is sharing equally in the newfound riches. Since the Great Recession, the richest global citizens have benefited far more from the worldwide increase in wealth than their poorer countrymen, according to a new report from investment bank Credit …

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Don't expect tech stocks to post a repeat performance


Shares of the largest, most well-known technology stocks exploded higher on Friday, pushing the Nasdaq to a new record high. Sparking the surge were better-than-expected quarterly results posted on Thursday by some of the sector’s biggest names. Plus, Apple (AAPL) played along, thanks to rousing iPhone X preorders overnight for …

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Twitter says it will label political ads


Last Updated Oct 24, 2017 5:14 PM EDT NEW YORK — Twitter (TWTR) says it will provide more information about political ads that run on the blogging platform, including who is funding them and whom they are aimed at. The company plans to launch a so-called transparency center, which will include …

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How Facebook, Google served up ads for racists, anti-Semites


It’s hard to overstate how dramatically the internet — especially search engines like Google and social media like Facebook — have overhauled the process of buying advertisements to promote products and services. The business of buying and selling ad space has gone from a highly manual process that involves sales …

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Facebookopolis: Coming soon to the Bay Area


Facebook (FB) is looking to expand beyond its Silicon Valley campus. The social media giant said on Friday it would build an addition to its headquarters, creating a multi-use complex with stores, a pharmacy and 1,500 housing units. The expansion, dubbed “Willow Campus,” will include 125,000 square feet of retail …

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Another tech bubble in the making? Many signs say yes


Stocks limped across the finish line before the Memorial Day break, with technology stocks pushing the major indexes to new highs. The S&P 500 gained just 0.03 percent on Friday but it was enough to mark the seventh consecutive rise for the leading U.S. stock market benchmark. That pretty much …

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How will Comey affair affect stocks and the economy?


Investors are on edge after the tumult over former FBI Director James Comey’s claims regarding President Donald Trump sent stocks spiraling to their biggest loss in eight months. The big question for financial markets: How bad could things get? Some forecasters think that, in the short term at least, the worst could …

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