The recent settlement between Andy Bechtolsheim, the co-founder of Sun Microsystems and Arista Networks, and the Securities and Exchange Commission (SEC) has sent shockwaves through the tech industry. Bechtolsheim, who has an estimated net worth of over $16 billion, has agreed to pay close to $1 million and is banned from serving as a public
Enterprise
While Tesla may be dominating the electric vehicle market in the U.S., Chinese automaker BYD is quickly emerging as a serious contender on a global scale. In the fourth quarter of 2023, BYD surpassed Tesla as the world’s top EV maker, showcasing significant growth and innovation in the new energy vehicle industry. Founded by Wang
In a surprising turn of events, Bitcoin surged at the start of the final week of March, surpassing the $70,000 mark. This spike in price comes after a period of correction, where Bitcoin had dipped to around $60,800. The flagship cryptocurrency was up by roughly 7% to $70,617.68, with Ether also experiencing a 5% jump
Match Group, the operator of popular dating apps Tinder and Hinge, recently made significant changes by adding two new directors to its board and signing an agreement with Elliott Management, an activist investor. These developments come after months of speculation regarding Elliott’s stake in the company and are intended to bring about positive changes in
Apple’s CEO, Tim Cook, recently announced in an interview with Chinese state media that the company will be launching its Vision Pro headset in China this year. This move marks a significant expansion of Apple’s virtual and augmented reality product line into one of the largest consumer markets in the world. In China, Apple will
China has recently implemented new guidelines that will have a significant impact on the use of U.S. processors in government computers and servers. These guidelines, which were unveiled on Dec. 26, aim to phase out chips from companies such as Intel and AMD in favor of Chinese alternatives. Additionally, the guidelines will also affect the
The tech IPO scene on Wall Street has been relatively dry in recent years, with only 15 tech companies going public in the past two years. This marks a stark contrast to the booming market of 2021, where 121 tech companies went public, reminiscent of the dot-com bubble in 2000. The recent market debuts of
In the world of investment, sovereign wealth funds are often seen as the big players with deep pockets, ready to support promising startups. One such startup that has garnered attention from these funds is Anthropic, an artificial intelligence company that is gaining traction in the market. However, there is one notable absence when it comes
In a recent statement, Jonathan Kanter, the assistant attorney general for antitrust, emphasized the importance of competition on the merits for Apple shareholders. Kanter highlighted how healthy competition benefits not only businesses but also consumers and the overall economy. This call for fair competition comes in the wake of the Justice Department’s lawsuit against Apple
The Competition and Markets Authority (CMA) in the U.K. has raised concerns over the proposed merger between Vodafone and CK Hutchison. The regulator is worried that this deal could potentially harm competition in the mobile network sector. The CMA identified several issues with the proposed merger, including a potential price increase for consumers and a