Million

Why Uber Splurged on a $170 Million Investment as It Laid-off Thousands

Demand for ride-hailing is not expected to return to pre-COVID levels in the short-term to medium-term after the pandemic is contained. Nearly 40% of pre-COVID-19 ride-hailing users will abstain or reduce their use of the services. Electric bikes and scooters are unlikely to face a similar fate. Uber (NYSE: UBER) on Thursday led a $170…

A Quarter Million Deaths Later, Dutch Team Finds Coronavirus Blocker

A Dutch team may be on to a cure for the SARS coronavirus. In a report published Monday, researchers say they’ve stopped the virus from spreading in cell cultures with a potent antibody. Many lives and an economic recovery hang in the balance as scientists race for a safe, effective coronavirus treatment. Since spreading from…

1 Million Twitch Viewers Prove Valorant Is Already 2020’s Biggest Game

Close to one million viewers are tuned into Valorant streams on Twitch. Content creators are showcasing gameplay footage and impressions from a closed-door test last weekend. Valorant already has the makings of one of the biggest games of the year. In the lead-up to the launch of the Valorant closed beta on April 7, developer…

$500 Million a Day: Facebook’s (FB) Mark Zuckerberg Is $5 Billion Richer in 2020

Mark Zuckerberg easily takes the award for one of the fastest wealth increases this year. Facebook’s growth prospects in 2020 look favorable as it benefits from political advertisers that Twitter and Google turn away. Wall Street is looking favorably on the stock but will Main Street follow the cue? With Facebook (NASDAQ:FB) up 6% in…

15 Million More People Tuned in to The Game Awards Than the Oscars

More people watched From Software’s Hidetaka Miyazaki pick up the Game of the Year award for the phenomenal Sekiro: Shadows Die Twice than the cast of Green Book visit the stage for their Best Picture statuette at the Oscars. The Game Awards 2019 drew in a record number of viewers. The show recorded a jaw-dropping…

Uber Founder Cut $400 Million Deal With Saudi Arabia 3 Months After Khashoggi Chopping

Uber co-founder’s newest startup received $400 million from Saudia Arabia’s PIF 11 months ago. PIF’s investment in Uber is over $1 billion in the red since the IPO. The report comes just over a year since the brutal murder of Jamal Khashoggi. Despite Uber’s poor showing, Saudi Arabia’s appetite for investing in U.S. startups shows…

PlayStation 4 Just 50 Million Units Shy of Best-Selling Home Console Ever

Sony has shipped 102.8 million PlayStation 4 units to date. PlayStation 4 is now the second best selling console of all time, beaten only by the PlayStation 2. Sony records an uptake in PlayStation Plus and PlayStation Now subscriptions. In yesterday’s financial earnings report, Sony revealed that global shipments of its flagship PlayStation 4 console…