Techmeme

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Ari Levy / CNBC:
Ripple and its investors hold many billions of dollars worth of XRP cryptocurrency, which is not meaningfully tied to Ripple's core tool used by banks, xCurrent   —  - Ripple could bring in hundreds of millions of dollars a month by selling a tiny fraction of its XRP holdings.
Jan 16, 2018, 8:35 PMIn context
Evelyn Cheng / CNBC:
Cryptocurrency values decline sharply, with Bitcoin down 25%+, briefly below $10K, Ethereum down as much as 30%, and Ripple down 40% at one point on Tuesday   —  Bitcoin briefly plunged below $10,000 late Tuesday afternoon on Coinbase, after first topping the psychologically key level in late November.
Jan 16, 2018, 6:00 PMIn context
Arjun Kharpal / CNBC:
Facebook shares fall 4% after it announces big changes to the News Feed   — Facebook shares fell 4 percent at market open on Friday after it announced major changes to its News Feed  — Facebook CEO Mark Zuckerberg said that the News Feed will start prioritizing “meaningful social interactions” versus “relevant content”
Jan 12, 2018, 9:00 AMIn context
Robert Ferris / CNBC:
Toyota says it will add Amazon Alexa to some Toyota and Lexus models in 2018 and plans to add to other models in 2019   —  Toyota said Tuesday it will introduce Amazon Alexa, Amazon's cloud-based voice-assistant, in some Toyota and Lexus vehicles in 2018.  —  The feature will be available …
Jan 9, 2018, 3:35 PMIn context
Christina Farr / CNBC:
Electronic medical records startup Practice Fusion, which was valued at $1.5B two years ago and raised $157M+, acquired by Allscripts for $100M   —  Practice Fusion, a start-up in the crowded electronic medical records market, was acquired on Monday for $100 million, two years after bankers …
Jan 8, 2018, 5:30 PMIn context
CNBC:
Direxion Asset Management applies to SEC to launch leveraged and inverse Bitcoin ETFs that would up to double price moves of the cryptocurrency   —  - Direxion Asset Management is looking to launch five bitcoin ETFs that seek up to double the moves of the cryptocurrencies daily futures trading.
Jan 8, 2018, 2:25 PMIn context
Alex Sherman / CNBC:
Sources: GoPro has hired JP Morgan Chase to help it seek a potential sale; GoPro CEO Nick Woodman said he would consider partnership or sale on TV earlier today   —  GoPro has hired J.P. Morgan Chase to help it seek a potential sale, according to people familiar with the matter.
Jan 8, 2018, 1:31 PMIn context
Sara Salinas / CNBC:
GoPro issues weak guidance, drops CEO cash compensation to $1, will cut staff by 20%, exit drone business; CEO says he'd consider selling firm; stock down ~15%   —  GoPro lowered fourth quarter guidance Monday and confirmed layoffs of at least 250 employees.  —  Shares were halted in premarket trading.
Jan 8, 2018, 9:15 AMIn context
Christina Farr / CNBC:
Fitbit invests $6M in Sano, a company that makes a coin-sized patch to track blood sugar; this is Fitbit's first startup investment   —  - Fitbit invested $6 million into Sano, a company with a patch for tracking people's blood sugar.  It's Fitbit's first start-up investment.
Jan 5, 2018, 9:40 AMIn context
Evelyn Cheng / CNBC:
Ripple co-founder Chris Larsen reportedly owns 5.19B XRP tokens and a 17% stake in the company, valued at ~$59.9B after 36,000% increase in XRP value   —  - With Ripple's XRP coin hitting a high of $3.84, the company's co-founder and executive chairman, Chris Larsen, is now worth about $59.9 billion on paper.
Jan 4, 2018, 1:55 PMIn context

Sponsor Posts

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