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Photo by Drew Angerer/Getty Images October was a rough month for billionaires in the tech sector, who saw their net worth plummet as stocks took a hammering. According to Bloomberg data, the CEOs and founders of the most popular tech companies “FAANG+BAT” lost $ 61 billion in October. The tech-heavy Nasdaq index plunged 9.2%, posting its worst […]
This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here. If we’re living through a “retail apocalypse” that spells doom for brick-and-mortar retail, as many have suggested, why are e-commerce leaders like Amazon, […]
Alibaba chairman Jack Ma said that the US-China trade war will wreck the company’s pledge to help create 1 million US jobs. The comment, made in an interview with Chinese media outlet Xinhua, comes two days after Trump announced a fresh set of tariffs on $ 200 billion worth of Chinese goods. Ma also said […]
Chinese companies outpaced their American counterparts in venture-capital funding for the first time during the second quarter, according to Goldman Sachs. Tech giants and Softbank contributed the most to this milestone. According to Goldman’s analysts, Chinese tech giants including Alibaba and Baidu are creating ecosystems with unprecedented influence to develop new technologies and business models. Watch […]
Infinite Fall’s Night in the Woods took home the $ 30,000 Seumas McNally Grand Prize for Best Independent Game at the 20th annual Independent Games Festival Awards tonight. The ceremony took place as part of the 2018 Game Developers Conference at the Moscone Convention Center in San Francisco. In addition to the grand prize, Night […]
Quite a few puzzle games revolve around programming – from the abstracted forms seen in SpaceChem to the charming command creation of Human Resource Machine – and the appeal of creating your own solution within the expansive rulesets, refining and improving and optimizing, is a thrilling one. But Baba Is You isn’t about messing around […]
REUTERS/Aly Song Ever since its early days as a student event in the 1990s, November 11 was called “Singles’ Day” in some parts of China; an occasion during which individuals would try and find a partner. Now, Alibaba has dubbed it “Double 11” — a term the company has trademarked and transformed into the world’s […]
Reuters/Benny Sieu-USA TODAY Sports Tech companies and NFL quarterbacks have a surprising amount in common. While tech stocks carry outsize influence, often dictating the direction of the whole market, professional football teams are also at the whim of their signal-callers. The market would crash if tech stocks started failing — the dot-com bubble anyone? — […]
Reuters/Benny Sieu-USA TODAY Sports Tech companies and NFL quarterbacks have a surprising amount in common. While tech stocks carry outsized influence, often dictating the direction of the whole market, professional football teams are also at the whim of their signal-callers. The market would crash if tech stocks started failing — the dotcom bubble anyone? — just like […]
BI Intelligence The parcel delivery industry — a segment of the shipping sector that deals with the transportation of packages to consumers — is booming thanks to e-commerce growth, and players outside the industry want a piece of the pie. In a new report, BI Intelligence looks at efforts by Amazon, Alibaba, and Walmart to […]
