finance

When Quadriga's CEO, Gerald Cotten, died in late 2018, the cryptocurrency exchange lost access to millions of dollars of cryptocurrency locked away in cold storage. His window claimed that the funds would be inaccessible unless a password or recovery key was found, but according to recent...

Earlier this year, substandard chemicals forced Taiwan Semiconductor's Nanke 14 factory to shut down production after the company reportedly lost "tens of thousands of wafers." The production of cutting edge 16nm/12nm NVIDIA, MediaTek, and Huawei chips were reportedly affected by the incident...

If you ever read headlines from large, business focused news outlets, you've probably heard that JP Morgan Chase just created their own "cryptocurrency." But, referencing advice from the executive director of DC-based policy research and advocacy group Coin Center, Motherboard points out that...

The New York Times reports that Slack has filed paperwork for an initial public offering. Assuming everything goes well, you'll be able to buy shares of Slack relatively soon, and the Times points out that Slack's financials are already in a good place. A "person with knowledge of the details"...

In an open letter to employees, Tesla announced plans to cut their workforce by about 7% this morning. The letter written by Elon Musk notes that they grew by 30% last year, suggesting that Tesla may have expanded a little too quickly, and that the staff cut is necessary for Tesla to meet its...

Reuters reports that Netflix is raising prices for U.S. subscribers by "13 to 18 percent." The standard plan will now be $12.99 instead of $10.99, the basic plan is getting a $1 price bump to $8.99, and the premium plan that allows for 4K HDR streaming is now $15.99 instead of $13.99, but those...

Activision-Blizzard's stock hasn't been performing particularly well, even when compared to the overall market slump late last year. Right now, it's sitting at about 43 dollars a share, compared to 83 in late September. So, one might think that the firing of Activision's CFO, Spencer Neumann...

Reuters reports that Dell has officially gone public today, opening at around $46 a share and joining HP and other tech firms in the public markets. Dell has a rather complicated financial history, as after their initial IPO, Dell went private about 5 years ago, and ownership stakes in the...

Citing an anonymous source, TechCrunch claims that Epic Games, the developers behind the free-to-play game Fortnite, made $3 billion dollars in profit this year. The company is also reportedly worth about $15 Billion, which puts them in the same league as the largest publicly trading gaming...

This year, AAA developers have been in the headlines more than usual, and not in a good way. Take-Two is still receiving backlash from their microtransaction push, Zenimax is dealing with fallout from Bethesda's latest MMO, Activision-Blizzard is still suffering from the Diablo Immortal...

Following rumors of an IPO back in September, and a public plan to shift shares of VMWare back in November, Dell has reportedly passed a vote that will allow the company to go public again. Dell decided to go private in 2013, but a spokesman told Techcrunch that the PC maker will be listed on...

CNBC reports that a Guggenheim Partners analyst predicted a 5% decline in 2019 iPhone sales, and naturally, other analysts have cut down price targets in response. The word of financial analysts tends to form a kind of self-fulfilling prophecy, and sure enough, Apple's stock price seems to be...

These last two months have been pretty hard on stock market in general, but Activision-Blizzard seems to be faring worse than everyone else. Their stock price has plummeted from a high of about $83.3 in October to about $53 right now. For a company as large as Activision-Blizzard, that's bad...

HSBC bank was reportedly hit by a credential stuffing attack, which allowed attackers to gain access to "full name, mailing address, phone number, email address, date of birth, account numbers, account types, account balances, transaction history, payee account information, and statement...