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Category Archives: Business

Nubank targets valuation of up to $100 billion with upcoming IPO

Nubank targets valuation of up to $100 billion with upcoming IPO

Nubank presented an ambitious estimate to go public on the stock exchange. The Brazilian fintech intends to raise something between $2.8 to $4.8 billion in its initial public offering (IPO). With that, the valuation of Nubank could reach the barrier of $100 billion. If it

Netherlands tightens the grip and says “no” to Binance

Netherlands tightens the grip and says “no” to Binance

Binance, one of the largest cryptocurrency exchanges in the world, has lost yet another battle against regulators. Now the company is in trouble in the Netherlands. De Nederlandsche Bank, the central bank of the Netherlands, issued a warning against the exchange. In a statement released

Coinbase will invest 10% of its profit directly in cryptocurrencies

Coinbase will invest 10% of its profit directly in cryptocurrencies

Coinbase plans to invest up to $500 million in the purchase of cryptocurrencies, as disclosed by the company’s CEO, Brian Amrstrong. This amount includes the allocation of 10% of the company’s profits to the purchase of cryptocurrencies. “We recently received board approval to purchase over

FTC files new complaint against Facebook 'monopoly'

FTC files new complaint against Facebook ‘monopoly’

FTC’s initial complaint, filed in December, threatened the Californian group with the separation of the Instagram network and the WhatsApp messaging service, but Washington federal judge James Boeasberg had estimated that it lacked “hard elements of power real from Facebook”. The revised complaint gives more

Apple suspends plans to withdraw production from China

Apple suspends plans to withdraw production from China

Apple plans to shift production of most of its products from China to Vietnam, but the company has apparently been forced to suspend those plans temporarily. This is being said by the Nikkei website (via 9to5mac) which points to the fact that the next AirPods

Used Tesla's can be purchased with Dogecoin and other cryptocurrencies

Used Tesla’s can be purchased with Dogecoin and other cryptocurrencies

Blockchain-focused tech company BOTS Inc., or BTZI, has announced that it is now possible to buy Tesla’s used cars from local dealerships with Dogecoin and other cryptocurrencies. In a statement published on Monday (16), the company said many car dealers and manufacturers have recognized that

Disney+ has over 116 million members now

Disney+ has over 116 million members now

Disney announced that Disney+ reached 116 million subscribers as of July 3, plus 12.4 million members since the last update earlier this year. That’s a staggering number for Disney’s streaming service that’s been on the market for less than two years. By comparison, it took

Nubank prepares for the biggest IPO of the recent times

Nubank prepares for the biggest IPO of the recent times

Nubank has closed the hiring of three banks to coordinate its Initial Public Offering (IPO). According to Pipeline, Morgan Stanley will lead the operation, while Citi and Goldman Sachs complete the first group. In addition to the trio, Nubank is also expected to hire three

Production of Tesla's Cybertruck begins next year

Production of Tesla’s Cybertruck begins next year

Tesla Cybertruck design has made this truck one of the electric vehicles most awaited by consumers in this segment, but apparently those interested will have to be a little more patient. Tesla hoped to start production of Cybertruck later this year, which would allow it