Esports Technologies jumped as much as 48% Friday morning after a colossal public debut the previous day. The esports betting company soared 507% in its first day of trading on Thursday. Esports Technologies extended gains Friday morning after soaring 507% in its first day of trading. Shares of the competitive gaming company rose as much … Read more
The company has the money to spend, ending its 2020 fiscal year with $136 billion cash on hand after the pandemic forced a shift to remote work and led to a boom in Microsoft’s cloud and productivity software. Experts say that with its surging market cap of near $2 trillion – and its leading rivals … Read more
Bitnine Global Inc., a Graph database R&D company, launched a cloud-based graph visualization solution, AG Cloud Express. Bitnine explained the background of the release of AG Cloud Express, saying “It is a response to the growth of global demand and market needs for cloud service.” AG Cloud Express is a free online database service based … Read more
1. At one year old, Clubhouse has a user base bigger than the population of Pennsylvania. Clubhouse has crossed 15 million app installs, according to the app analytics company SensorTower. Its founders also said Tuesday that the app had 15 million users. If it was a state, Clubhouse would be the fifth largest state by … Read more
Shares of ByteDance Ltd., the Chinese parent of hit video app TikTok, are trading at a valuation of more than $250 billion in the secondary market, according to people familiar with the matter. The Beijing-based company’s value has surged in recent weeks as investors gain confidence in the business and founder Zhang Yiming weighs options … Read more
Microsoft is said to be in exclusive talks to acquire online group chat platform Discord for $10 billion or more, in a deal that could be announced as soon as April. The company has yet to confirm a pending deal, but recent comments from executives help shed light on why exactly Microsoft might want to … Read more
The observations highlight the growing problem of lack of online privacy as companies share their users’ data with third party firms without their knowledge. (Subscribe to our Today’s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) A cybersecurity firm studied applications on Apple’s app store to … Read more
Demand for shopping savings app Fetch Rewards skyrocketed during the pandemic. That led to an $80 million fundraising haul last November, led by Iconiq Growth. Now, the company is in talks for another round that could more than double its old valuation. Visit the Business section of Insider for more stories. When Wes Schroll went … Read more
Infra.market, a construction materials focused online marketplace that sells mostly its own brands, is the latest to join the unicorn club in the country with the latest USD 100 million funding led by Tiger Global, valuing it at USD 1 billion. The Thane-based online marketplace founded in 2016 has reached the coveted unicorn status within … Read more