Shares of cybersecurity company SentinelOne closed up more than 20% in its market debut Wednesday on the New York Stock Exchange, going public under the ticket symbol “S.” Shares closed at $42.50, giving the company a market capitalization of more than $10 billion. SentinelOne priced 35 million shares at $35 apiece on Tuesday, above its
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IAS CEO Lisa Utzschneider IAS Ad tech company Integral Ad Science closed up 14% Wednesday afternoon following its stock market debut, trading under the ticker “IAS.” Shares opened at $22, up from its IPO price of $18, valuing the company at close to $3.3 billion. IAS calls itself a “verification company” for digital ads. Its
In this article DIDI DIDI Shares of Didi Chuxing popped more than 14% after the Chinese ride-sharing giant made its public debut Wednesday. The company’s stock began trading at $16.65 per share, up nearly 19% from the company’s offering price of $14 per share. The company’s market cap jumped to nearly $80 billion. Didi was
Tim Berners-Lee, a native of London, is a recipient of the 1998 MacArthur Fellowship carrying a stipend of $270,000 for his work in pioneering the World Wide Web. Elise Amendol | AP LONDON – With just a few hours to go, a non-fungible token of the original code for the World Wide Web is currently
Lina Khan, nominee for Commissioner of the Federal Trade Commission (FTC), speaks during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021. Saul Loeb | Pool | Reuters Amazon is pressing for the recusal of FTC Chairwoman Lina Khan from ongoing antitrust probes of the
The U.S. Capitol in Washington, D.C., U.S., on Thursday, May 27, 2021. Stefani Reynolds | Bloomberg | Getty Images Washington D.C. and many tech industry gadflies live in a fantasy world when it comes to big technology companies. In this fantasy world, the tech industry is completely dominated by four massive companies: Alphabet (Google’s holding
Adam Mosseri, Facebook Beck Diefenbach | Reuters Facebook’s head of Instagram on Wednesday announced the social network plans to start showing users full-screen, recommended videos in their feeds. “We’re also going to be experimenting with how do we embrace video more broadly — full screen, immersive, entertaining, mobile-first video,” Mosseri said in a video posted
In this article AMZN Amazon vans line up at a distribution center to pick up packages for delivery on Amazon Prime Day in Orlando, Florida. Paul Hennessy | NurPhoto | Getty Images Amazon‘s carbon emissions climbed 19% last year, even as the Covid-19 pandemic spurred a sharp drop in global emission levels. In its annual
The New York Stock Exchange welcomes executives and guests of Clear Secure, Inc. (NYSE: YOU), on June 30, 2021, in celebration of its Initial Public Offering. NYSE On a day with more tech IPOs than available bell-ringing slots at U.S. exchanges, investors reaped billions of dollars in gains. But the winners extended far beyond Silicon
In this article AAPL Apple CEO Tim Cook attends the opening of the new Apple Tower Theater retail store at Apple Tower Theatre on June 24, 2021 in Los Angeles, California. JC Olivera | Getty Images Apple released the public beta for iOS 15 on Wednesday, allowing iPhone owners to try out the new software
In this article TSLA US electric car maker Tesla Vice President Jerome Guillen poses at the Paris Auto Show on the last press day on October 3, 2014. The Paris Auto show opens to the public on Saturday. Eric Piermont | AFP | Getty Images Former Tesla executive Jerome Guillen sold more than $270 million
Michaela Rehle | Reuters SINGAPORE — U.S.-headquartered semiconductor manufacturer GlobalFoundries announced Tuesday that it will build a new fabrication plant in Singapore to meet the unprecedented global demand for chips. The new facility will be developed in partnership with the Singapore Economic Development Board and with co-investments from committed customers, GlobalFoundries said. More than $4
In this article 700-HK School children in the Netherlands doing homework at home during the coronavirus crisis. Robin Utrecht | SOPA Images | LightRocket via Getty Images LONDON — SoftBank, Tencent and other leading investors are betting that the next big online education company will come out of Europe. Vienna-based online tutoring start-up GoStudent said
In this article AMZN Prime Day is here, and that means a lot of deliveries for Amazon’s army of 115,000 drivers who work for small businesses, called Delivery Service Partners. Amazon has been relying less and less on UPS and the U.S. Postal Service, building its own network of more than 2,000 independent contractors who
In this article GOOGL YouTube’s logo is seen against the flag of the European Union. Omar Marques | SOPA Images | LightRocket | Getty Images LONDON — The European Union’s top court on Tuesday ruled that Google’s YouTube and other online platforms should not be held liable for copyright-infringing uploads in certain situations. As things
A logo outside the Google Store Chelsea in New York, May 28, 2021. Victor J. Blue | Bloomberg | Getty Images The European Commission opened a new investigation into Google on Tuesday to assess whether the tech giant has favored its own online display ad technology services and therefore breached antitrust rules. This is a
Dutch fintech start-up Mollie’s payments platform in action. Mollie LONDON — Mollie was a relatively little-known company before Covid-19. Now, it’s one of Europe’s biggest fintechs. The Amsterdam-based online payments processor finally became a “unicorn” valued at more than $1 billion in September, more than a decade after it was founded by Dutch entrepreneur Adriaan
In this article TSLA Lynn Miller, General Counsel at Plus Plus A top Tesla attorney, Lynn Miller, has exited Elon Musk’s electric car company and is joining Plus as general counsel, the autonomous trucking start-up announced Tuesday. Founded in 2016 and once known as PlusAI, the company recently agreed to go public via a special
In this article MTCH Tinder will let users add videos to their profiles. Tinder Tinder on Tuesday announced a slate of new features coming to Match Group‘s largest dating app, including the option to add videos into profiles. It shows how the online-dating industry is primed for change following the pandemic. Currently, Tinder users can
In this article AMZN Workers retrieve boxes at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., on Monday, June 21, 2021. Rachel Jessen | Bloomberg | Getty Images The first day of Amazon‘s 48-hour Prime Day event is expected to have driven the most online sales over a 24-hour period so