Coinbase’s $100 Billion Valuation Creates New Fortunes
The founders and key investors of the cryptocurrency trading platform have seen their net worth jump after the Wednesday IPO.
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CEO News
310 CEOs Urge Biden Administration to Adopt 2030 Climate Goal
The heads of Apple, Microsoft, Unilever and many others are pressuring the government to set more ambitious emissions targets.
Toshiba CEO Resigns Amid $20 Billion Buyout Bid
Nobuaki Kurumatani has stepped down as Toshiba mulls a buyout offer from his former employer.
JPMorgan, UBS Invest $65 Million in Blockchain Startup ConsenSys
The software development company, which aims to decentralise finance, has become a major player in the Ethereum network.
Google Founders Larry Page and Sergey Brin Become Centibillionaires
On the back of soaring tech stocks, the global $100 billion+ club now features a full eight members.
Alibaba Fined $2.8 Billion for Alleged Monopolistic Behaviour
The Chinese government has levied its highest-ever antitrust fine against Jack Ma’s eCommerce giant.
Early Voting Indicates Defeat for Historic Amazon Union Drive
The vote at Amazon’s Bessemer warehouse, which drew widespread political attention, is projected to fall in favour of the company.
GameStop Names Ryan Cohen Chairman, Further Boosting Shares
The billionaire activist investor and co-founder of Chewy will take over as chair at the retailer from June.
Forbes Reveals Record Number of New Billionaires in 2020
A new billionaire was minted roughly every 17 hours between March 2020 and 2021, according to the magazine.
Amazon’s Jeff Bezos Backs Higher Corporate Tax Rate
The Amazon founder said that the company is “supportive of a rise in the corporate tax rate” as proposed by President Biden.