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In its first appearance in the market after raising $3.8 billion in its IPO, the shares of Krafton, Tencent-backed South Korean company behind blockbuster video game PlayerUnknown’s Battlegrounds (PUBG), dropped by as much as 20 percent. It later was trading at 13.5 percent lower at 10:48 a.m. in Seoul, thereby
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The business niche Deliveroo operates in has many rivals, with the biggest including Delivery Hero.The shares of British online food delivery company Deliveroo PLC (LON: ROO) is trending upward today on the news that German rival, Delivery Hero SE (ETR: DHER) has taken up a 5.09% stake in the business.
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American communications technology company Zoom Video Communications Inc (NASDAQ: ZM) has agreed to an $85 million settlement to a class-action lawsuit in the United States. The lawsuit was centered on the violation of user’s privacy as the San Jose-based firm reportedly shared users data with Facebook Inc (NASDAQ: FB), Alphabet
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Paxos, a leading stablecoin issuer has released a thorough breakdown of its stablecoin reserves. Paxos Determined to Prove Stablecoin Reserves In a detailed blog post published yesterday, Paxos, the company in charge of the PAX and BUSD stablecoins shared details about the breakdown of its stablecoin reserves. Data from CoinGecko hints BUSD
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Apart from mobile gaming, AppLovin has built its position in the market by developing marketing software for app developers to help them promote their products.It certainly wasn’t a great start on Wall Street for mobile gaming company AppLovin Corp (NASDAQ: APP). On Thursday, April 15, as the company debuted on Wall
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Binance will use its BUSD stablecoin to price the tradable stock token. Binance, the largest cryptocurrency exchange globally by volume, has launched zero commission and tradable stock tokens. According to a blog post by the company, Tesla Inc (NASDAQ: TSLA) shares will be the first to be tokenized.
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Less than a month after US carmaker Tesla revealed its $1.5bn Bitcoin holdings, one of the company’s most vocal bullish investors announced that he had sold 1.8 million of its shares for clients. Ron Baron, the founder of Baron Capital, an investment management firm in New York, said his firm sold
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Although Zoom stock is now experiencing hard times, it still holds a Zacks #1 Rank, which is a Strong Buy. Besides, Robert W. Baird analyst William Power is also maintaining a Buy rating on Zoom Video Communications. On Wednesday, he set a price target of $550.00 for Zoom shares.Online conferencing giant Zoom Video
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The Wedbush analyst has positively rated Microsoft shares for the past 2 years. During this period, the tech company has had a one-year high of $245.92 and a one-year low of $132.52.Popular Wedbush analyst Daniel Ives has placed a buy rating on the shares of Microsoft Corp (NASDAQ: MSFT) and
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Cathie Wood’s ARK Investment Management increased its holdings of the Grayscale Bitcoin Investment Trust (GBTC) by 2.14 million shares in the fourth quarter of 2020, bringing its holdings of the market-leading institutional bitcoin investment vehicle to 7.31 million shares. Source
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