Americas - CybAI news

09 Aug

How a Traditional Toymaker Is Going Big on Digital Games

stp2y0 CommentsRAG modelsAmericas, APPLE INC, apps, business, Chris Cocks, infrastructure, Markets, odd-lots, podcasts, pursuits, Technology, United States, Utilities

Listen to Odd Lots on Apple PodcastsListen to Odd Lots on SpotifySubscribe to the newsletterHasbro has been making toys for decades, including many classic favorites like G.I. Joe and My Little Pony. But in recent years, it's also been going big on digital games. An app version of the classic board game Monopoly — called Monopoly GO! — has become one of the top mobile games of all time and grossed billions in revenue since it launched last year. Hasbro also owns Wizards of the Coast, the publisher of Magic: The Gathering, Dungeons & Dragons, and the best-selling video game…

08 Aug

Pitney Bowes to Liquidate Ecommerce Unit in Bankruptcy

stp2y0 CommentsRAG modelsAmericas, Houston, Industrials, infrastructure, Lance E Rosenzweig, LOGISTICS LLC, Markets, PITNEY BOWES INC, Technology, Texas, Utilities

Shipping firm Pitney Bowes Inc. agreed to liquidate much of its ecommerce business in bankruptcy as part of a deal with Hilco Global.Under the agreement, affiliates of Hilco agreed to buy a controlling stake in the ecommerce business and then sell it off piecemeal, according to a statementBloomberg Terminal from Pitney Bowes. The ecommerce entities filed for Chapter 11 bankruptcy Thursday, listing debts and assets of as much as $500 million each. Source link lol

08 Aug

Coinbase Shares Gain After Court Limits SEC Award in Ripple Case

stp2y0 CommentsRAG modelsAmericas, bitcoin, business, cryptocurrencies, cryptocurrency, finance, Government, Markets, regulation, RIPPLE LABS INC, Technology, US Securities and Exchange Commission, Well Spent

Coinbase Inc. shares rose after a federal court ruled that Ripple Labs Inc. pay a fraction of what the US Securities and Exchange Commission sought in a civil suit, a decision that bodes well for the biggest US crypto exchange’s case with the agency.Coinbase’s shares are up about 7% to around $191 on Thursday, a day after the court said that Ripple had to pay a penalty of $125 million. The SEC sued for almost $2 billion to punish Ripple for raising money without registering its token as a security in 2020. Source link lol

08 Aug

Amazon’s $4 Billion Anthropic Pact Probed by UK Watchdog

stp2y0 CommentsRAG modelsALPHABET INC-CL A, AMAZON.COM INC, Americas, artificial intelligence, Corporate Governance, Government, MICROSOFT CORP, software, Software Company, Technology, United Kingdom

Amazon.com Inc.’s $4 billion investment pact with AI firm Anthropic risks being hampered in the UK after competition watchdogs said the impact of the partnership needs more scrutiny. Source link lol

07 Aug

Shares of Bumble Tank Following Poor Annual Revenue Outlook

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Shares of Bumble Inc. plunged after the dating-app company slashed its annual revenue outlook. Annual revenue will grow between 1% and 2% from the previous year. The company had previously forecast growth between 8% and 11%. Wall Street was expecting an 8.4% gain, per Bloomberg-compiled estimates. Source link lol

07 Aug

As Airbnb Shares Plunge, CEO Says ‘It’s a Good Time to Buy’

stp2y0 CommentsRAG modelsAIRBNB INC-CLASS A, Americas, Brian Joseph Chesky, Consumer Discretionary, Earnings, iphone, new york, Technology, TWITTER INC, Wall Street, Well Spent

Airbnb Inc. Chief Executive Officer Brian Chesky’s response to his company’s disappointing outlook and an ensuing share-price plunge: “I’m confident it’s a good time to buy.” Source link lol

07 Aug

HPE’s $14 Billion Juniper Deal Wins UK Antitrust Approval

stp2y0 CommentsRAG modelsAmericas, CISCO SYSTEMS INC, Government, HEWLETT PACKARD ENTERPRISE, infrastructure, JUNIPER NETWORKS INC, Markets, Technology, United Kingdom, United States, Utilities

Hewlett Packard Enterprise Co.’s $14 billion deal to buy Juniper Networks Inc. was cleared by the UK’s antitrust watchdog, paving the way for the firm to expand its presence in networking.The Competition and Markets Authority said Wednesday it had cleared the tie-up after investigating whether it would cause a substantial lessening of competition in the UK. The EU similarly wavedBloomberg Terminal through the deal last week, saying it did not raise competition concerns in the markets examined. Source link lol

06 Aug

Arcadium Lithium Pauses Expansion Plans on Prices, Supply Glut

stp2y0 CommentsRAG modelsAmericas, ARCADIUM LITHIUM PLC, Argentina, business, canada, Capital Spending, Earnings, Emerging Markets, hyperdrive, Markets, Materials, Paul W Graves, Technology

Arcadium Lithium Plc will suspend or delay two of its four expansion projects as the global market for the battery metal faces a supply glut and prolonged price slump.The lithium producer plans to pause investment in its Galaxy project in Canada and is exploring the possibility of bringing in a partner for the project, Arcadium said in its second-quarter earnings release on Tuesday. Source link lol

05 Aug

PrizePicks Fantasy Sports Names Blizzard Alum Ybarra as CEO

stp2y0 CommentsRAG modelsactivision blizzard, Americas, Culture, finance, MICROSOFT CORP, Mike Ybarra, MOELIS & CO - CLASS A, North America, Software Company, sports, Technology

PrizePicks, a fantasy sports company, named former Activision Blizzard executive Mike Ybarra as chief executive officer, succeeding co-founder Adam Wexler.The company, which bills itself as the largest daily fantasy sports operator in North America, said in a statement Monday that the appointment is effective immediately. Wexler will become executive chairman. Source link lol

29 Jul

US IPO Market to Slow After Lineage, With Quiet Summer Ahead

stp2y0 CommentsRAG modelsAmericas, BARCLAYS PLC, Equity Capital Markets, IPOs, KKR & CO INC, labor, LINEAGE INC, Markets, media, NASDAQ INC, Software Company, Technology

The pricing of Lineage Inc.’s $4.4 billion first-time share sale helped make last week into the busiest for US initial public offerings in two and a half years. That excitement will be short-lived, according to bankers, who predict the rest of the summer will be more subdued.There was $6.1 billion worth of IPO activity in the US last week, according to data compiled by Bloomberg. Levels were boosted by temperature-controlled storage giant Lineage’s upsized offering and KKR & Co.-backed software company OneStream Inc.’s pricing above its marketed range to raise $490 million. Source link lol