WASHINGTON — Sony on Thursday said it formed a new company that will build and supply devices that allow small satellites in orbit to communicate with one another via laser beams, dipping into the fast-growing space sector. Read More
The U.S. Supreme Court on Tuesday blocked a Texas law that bars large social media companies from banning or censoring users based on “viewpoint,” siding with two technology industry groups that have argued that the Republican-backed measure would turn platforms into “havens of the vilest expression imaginable.” Read More
Robinhood Markets Inc has agreed in principle to settle a proposed class action filed by customers in the United States who claimed the investment app’s outages in March 2020 shut them out of trading on pandemic-related volatility. Read More
Broadcom Inc said on Thursday it will acquire cloud computing company VMware Inc in a $61 billion cash-and stock deal, the chipmaker’s biggest and boldest bid to diversify its business into enterprise software. Read More
WASHINGTON — “Significant issues remain” in reaching a deal with China over a long-running dispute around auditing compliance of China-based companies listed on U.S. stock exchanges, a U.S. Securities and Exchange Commission (SEC) official said on Tuesday. Read More
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Krystal Hu Publishing date: May 17, 2022 • 13 minutes ago • 1 minute read • Join the conversation Article content Billionaire Elon Musk’s SpaceX is poised to become the most valuable U.S. startup as its valuation rose to over $125 billion in an […]
Article content NEW YORK — Tiger Global Management, Winslow Capital Management, and Scopus Asset Management were among funds that sold all of their shares of streaming company Netflix Inc before the company reported its first loss of subscribers in over a decade in March, according to securities fillings released Monday. The move away from Netflix, […]
Article content Donerail Group is close to reaching a settlement with Turtle Beach Corp that will give the activist investment firm representatives on the U.S. gaming gear company’s board of directors, people familiar with the matter said on Sunday. Donerail, which has beneficial ownership of 7.4% of Turtle Beach’s outstanding shares, has criticized the maker […]