Bitcoin Plunges, and Softbank's Deadline on Uber Looms Large
Bitcoin prices plunged Thursday after South Korean regulators announced a crackdown. Among the changes: a ban on anonymous crypto accounts and the added authority to shut down exchanges if needed.
And Softbank's offer to take what could be a 14% stake in Uber expires at 3 pm ET. We'll be watching whether the Japanese conglomerate can get enough willing shareholders to get behind the deal.
Plus Apple CEO Tim Cook got a 47 percent pay raise for its fiscal year. But his new $12.8 million salary, as large as it is, pales in comparison to his stock compensation. That added nearly $90 million to his net worth.
And Cheddar Scoops! Snapchat is developing "Stories Everywhere," which will allow users to post content to other websites and apps. You heard it first here on Cheddar!
Skift airline reporter Meghna Maharishi breaks down how the government shutdown is hitting air traffic control—and what it means for travelers and flight safety
Aya Kantorovich, Co-CEO of August Digital, breaks down Bitcoin’s surge, crypto ETFs, institutional investment trends, and the future of safer crypto access.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
Sinead O’Sullivan breaks down Taylor Swift’s genius marketing for The Life of a Showgirl, which just set the record for most albums sold in a single week.
Markets are emerging from a turbulent Q3. Horizon’s Mike Dickson shares insights on interest rates, small caps, and where investors should look in Q4 and beyond
Bambu Ventures's Kyle Pretsch dives into Lemonaid’s $10M buyout, down from 23andMe’s $400M price tag, and what’s next after Chrome Co.’s dramatic pivot.
Former Cisco Systems CEO John Chambers learned all about technology’s volatile highs and lows as a veteran of the internet’s early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential signs of the cycle repeating with another transformative technology in artificial intelligence. Chambers is trying take some of the lessons he learned while riding a wave that turned Cisco into the world's most valuable company in 2000 before a crash hammered its stock price and apply them as an investor in AI startups. He recently discussed AI's promise and perils during an interview with The Associated Press.
