Got a few thousand bucks and a good deal of engineering expertise? You’re in luck: Stanford students have created a quadrupedal robot platform called Doggo that you can build with off-the-shelf parts and a considerable amount of elbow grease. That’s better than the alternatives, which generally require a hundred grand and a government-sponsored lab. Due … Continue reading Stanford’s Doggo is a petite robotic quadruped you can (maybe) build yourself
Does the overcrowded and cut-throat music streaming business have room for an additional player? The world’s most valuable startup certainly thinks so. Chinese conglomerate ByteDance, valued at over $75 billion, is working on a music streaming service, two sources familiar with the matter told TechCrunch. The company, which operates popular app TikTok, has held discussions … Continue reading ByteDance, TikTok’s parent company, plans to launch a free music streaming app
Another week, another cash-burning tech IPO in the U.S. Following on from Uber’s high-profile listing, ambitious Chinese startup Luckin Coffee has raised up to $650.8 million on the Nasdaq after it priced its shares at $17. Despite concern at its high losses and little chance of near-term profitability, Luckin seems to have been greeted positively … Continue reading China’s Luckin Coffee raises up to $651M in upsized US IPO
The exact amount can depend on how old you are. Rich is relative. Merely having a net worth of $1 million, it seems, doesn’t mean you’re wealthy. In Charles Schwab’s annual Modern Wealth Survey, the amount people said it took to be considered rich averaged out to $2.3 million. That, the company said, is “more than 20 … Continue reading How Much Money Do You Need to Be Wealthy in America?
With the look of someone betrayed, Facebook’s CEO has fired back at co-founder Chris Hughes and his brutal NYT op-ed calling for regulators to split up Facebook, Instagram, and WhatsApp. “When I read what he wrote, my main reaction was that what he’s proposing that we do isn’t going to do anything to help solve … Continue reading Zuckerberg says breaking up Facebook “isn’t going to help”
The streets of Davos, Switzerland, were iced over on the night of January 25, 2018, which added a slight element of danger to the prospect of trekking to the Hotel Seehof for George Soros’ annual banquet. The aged financier has a tradition of hosting a dinner at the World Economic Forum, where he regales tycoons, … Continue reading 15 Months of Fresh Hell Inside Facebook
At long last, it’s lift-off for Uber. After pricing its initial public offering at $45 per share, at the bottom end of the range it set previously, to raise $8.1 billion, the transportation startup began trading today on the New York Stock Exchange, and the shares opened at $42, down from the IPO price. Ahead … Continue reading Uber’s first day as a public company didn’t go so well