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DIAMONDS, they say, are for ever. They can be pricey, too. On December 5th 173 lots of jewels auctioned by Sotheby’s raised $ 54m. They included several pieces belonging to Sean Connery, known for playing James Bond. The following day a car favoured by Bond, the Aston Martin DB5, was auctioned for $ 2.7m. It […]
Paul Morigi / Stringer / Getty Images Warren Buffett’s Berkshire Hathaway has made nearly $ 2 billion on its investment in Apple. The conglomerate bought more in the third quarter just as the stock, with the rest of the tech sector, continued to hit new highs. Many of his other investments aren’t doing too badly either, to […]
EXCLUSIVE: Hollywood is embracing augmented reality, virtual reality, and mixed reality (a blend of both) in a big way. The Venture Reality Fund, a venture capital fund that tracks investments in the sector, reported tonight that number of investments in the entertainment sector in the second half of 2017 is up 79 percent compared to […]
Paul Morigi / Stringer / Getty Images Warren Buffett’s Berkshire Hathaway has made nearly $ 2 billion on its investment in Apple. The conglomerate bought more in the third quarter just as the stock, with the rest of the tech sector, continued to hit new highs. Many of his other investments aren’t doing too badly either, to […]
Russia’s entanglement with American social networks just got decidedly complicated. Leaked documents obtained by the Guardian (among other outlets) have revealed that two state-owned Russian institutions, the oil giant Gazprom and VTB Bank, funded investments in both Facebook and Twitter through Russia-born tech luminary Yuri Milner’s investment company DST Global. VTB’s contribution was a relatively […]
Facebook today revealed that, for the first time in the company’s history, it surpassed $ 10 billion in quarterly revenue. But on a nearly hour-long earnings call between company executives and financial analysts, the focus was primarily on security to prevent Russian meddling like the kind seen during the 2016 U.S. presidential election. 500 million […]
(Reuters) — Big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank and Middle East sovereign wealth funds, have extinguished hopes that the technology IPO market would bounce back this year. These deep-pocketed financiers, which have traditionally invested in the public markets but are seeking better returns from private tech companies, […]
PRESS RELEASE: COSTA MESA, Calif.–(BUSINESS WIRE)–August 8, 2017– NBA All Star and forward for the Golden State Warriors, Kevin Durant expands his foray into startups through an investment in the technology venture capital firm CerraCap Ventures. “Kevin is excited about the strategic approach and commitment of the CerraCap management team,” states MBAF Principal and key […]
Supercell is generating a ton of cash from its ongoing successful games like Clash of Clans and Clash Royale. Most of the company is now owned by China’s Tencent. But rather than use its riches to expand its internal staff, the company believes in staying small, according to cofounder Mikko Kodisoja. Supercell has just 240 […]
Enlarge / Closeup of Chargepoint electric-vehicle charger at Google headquarters in Silicon Valley (Photo by Smith Collection/Gado/Getty Images). (credit: Getty Images) Car-charging network ChargePoint announced that it would buy General Electric’s electric vehicle (EV) charging stations today for an undisclosed amount of money. ChargePoint also announced a $ 43 million investment from Siemens, which will be […]
