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23andMe files for bankruptcy, Anne Wojcicki steps down as CEO

23andMe files for bankruptcy, Anne Wojcicki steps down as CEO

Anne Wojcicki, co-founder and chief executive officer of 23andme Inc., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Friday, March 10, 2023.  Jordan Vonderhaar | Bloomberg | Getty Images Embattled genetic testing company 23andMe, once valued at $6 billion, filed for Chapter 11 bankruptcy protection in Missouri federal court on Sunday […]

23andMe files for bankruptcy, Anne Wojcicki steps down as CEO Read More »

Google’s  billion Wiz deal may signal a turning point for slow IPO, M&A markets

Google’s $32 billion Wiz deal may signal a turning point for slow IPO, M&A markets

Assaf Rappaport, Wiz, on Centre Stage during day one of Web Summit 2021 at the Altice Arena in Lisbon, Portugal.  Harry Murphy | Sportsfile | Getty Images Google’s acquisition of cybersecurity startup Wiz could be a turning point for an uncertain IPO market and a mergers and acquisitions environment aching from a slowdown in deal

Google’s $32 billion Wiz deal may signal a turning point for slow IPO, M&A markets Read More »

China’s open-source embrace upends conventional wisdom around artificial intelligence

China’s open-source embrace upends conventional wisdom around artificial intelligence

China is focusing on large language models (LLMs) in the artificial intelligence space.  Blackdovfx | Istock | Getty Images China is embracing open-source AI models in a trend market watchers and insiders say is boosting AI adoption and innovation in the country, with some suggesting it is an ‘Android moment’ for the sector. The open-source

China’s open-source embrace upends conventional wisdom around artificial intelligence Read More »

As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto

As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto

Richard Teng, chief executive officer of Binance Holdings Ltd., at an event hosted by the Foreign Correspondents Association in Singapore, on Tuesday, Sept. 17, 2024.  Ore Huiying | Bloomberg | Getty Images Binance CEO Richard Teng says the Trump administration has been a “fantastic” reset for the cryptocurrency industry. “It’s an extremely different environment that

As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto Read More »

Crypto’s long battle with SEC comes to a close with Ripple victory

Crypto’s long battle with SEC comes to a close with Ripple victory

Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022.  Mike Blake | Reuters The Securities and Exchange Commission’s years-long crusade against the crypto industry appears to be over. The final chapter closed on Wednesday, when Ripple announced that the SEC had officially dropped

Crypto’s long battle with SEC comes to a close with Ripple victory Read More »

After a college football career and 2 failed House races, Bo Hines is helping steer U.S. crypto policy

After a college football career and 2 failed House races, Bo Hines is helping steer U.S. crypto policy

U.S. President Donald Trump speaks as Crypto czar David Sacks, U.S. Treasury Secretary Scott Bessent, U.S. Commerce Secretary Howard Lutnick, and Executive Director of the Presidential Council of Advisers for Digital Assets Bo Hines attend the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.  Evelyn Hockstein | Reuters

After a college football career and 2 failed House races, Bo Hines is helping steer U.S. crypto policy Read More »

Microsoft rallies in last 10 minutes of trading to avoid first eight-week losing streak since 2008

Microsoft rallies in last 10 minutes of trading to avoid first eight-week losing streak since 2008

Microsoft CEO Satya Nadella speaks at the Microsoft Build AI Day event in Bangkok, Thailand, on May 1, 2024. Chalinee Thirasupa | Reuters With about 10 minutes left until the market’s close, Microsoft’s stock was down for the week. It would’ve been the first eight-week losing streak since 2008. But the shares popped just before

Microsoft rallies in last 10 minutes of trading to avoid first eight-week losing streak since 2008 Read More »

Elon Musk tells Tesla employees ‘hang onto your stock,’ urges vandals to ‘stop being psycho’

Elon Musk tells Tesla employees ‘hang onto your stock,’ urges vandals to ‘stop being psycho’

Tesla CEO Elon Musk watches as President Donald Trump talks to the media, outside the White House in Washington, D.C., March 11, 2025. Kevin Lamarque | Reuters During Elon Musk’s two months in Washington, D.C., Tesla shares have been on a precipitous decline, losing over 40% of their value. Protests and campaigns against Tesla, Musk

Elon Musk tells Tesla employees ‘hang onto your stock,’ urges vandals to ‘stop being psycho’ Read More »

Elon Musk received court summons in SEC suit over failure to properly disclose Twitter stake

Elon Musk received court summons in SEC suit over failure to properly disclose Twitter stake

Tesla CEO Elon Musk looks on as US President Donald Trump speaks to the press as they stand next to a Tesla vehicle on the South Portico of the White House on March 11, 2025 in Washington, DC.  Mandel Ngan | AFP | Getty Images Elon Musk received a court summons last week in connection

Elon Musk received court summons in SEC suit over failure to properly disclose Twitter stake Read More »

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