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Mark Cuban: Some Banks Actively Not Taking PPP Loan Applications

“There are some banks who are actively trying not to take applications and to minimize the number of loans they make through the program,” says investor Mark Cuban. “This is despite the fact that it pays a five percent commission for the loans made on the small businesses. It...
Posted On 11 Apr 2020
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Grubhub Rolls Out $30 Million Stimulus To Restaurants

“A $250 payment per restaurant (from Grubhub) doesn’t sound like a lot but it’s going to be a huge difference,” says Grubhub CEO Matt Maloney. “We’re looking at it as a stimulus almost because the way we’re rolling it out is a consumer gets $10 if they spend $30. So our $30...
Posted On 09 Apr 2020
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Windows 10 Crosses 1 Billion Device Threshold

Microsoft has announced that Windows 10 is now installed on 1 billion monthly active devices. In a blog post, Yusuf Mehdi, Corporate Vice President, Modern Life, Search & Devices, said: “Today we’re delighted to announce that over one billion people have chosen Windows 10...
Posted On 18 Mar 2020
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Coronavirus: Shopify Giving Employees $1,000 to Help Work From Home

It’s a good time to work for Shopify, as the company is giving employees $1,000 to help them make the transition to working from home. As the coronavirus pandemic spreads around the country and globe, Shopify has joined the ranks of tech companies instructing their employees to...
Posted On 16 Mar 2020
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Huawei Spending €200 Million to Build Plant in Europe

Huawei has announced it is preparing to spend €200 million to build a factory in Europe. Amid ongoing concerns its equipment opens governments and corporations up to spying by Beijing, Huawei likely hopes that manufacturing equipment locally for the European market will help...
Posted On 03 Mar 2020
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Dish Faces Concerns Whether It Can Build Network Within Budget

Analysts are concerned that Dish Network may not be able to fully establish a standalone wireless network for $10 billion. As part of the deal to allow T-Mobile and Sprint to merge, Dish acquired spectrum to establish itself as a fourth wireless carrier. The move was to address...
Posted On 25 Feb 2020
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Dish Faces Concerns Whether It Can Build Network Within Budget

Analysts are concerned that Dish Network may not be able to fully establish a standalone wireless network for $10 billion. As part of the deal to allow T-Mobile and Sprint to merge, Dish acquired spectrum to establish itself as a fourth wireless carrier. The move was to address...
Posted On 22 Feb 2020
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Report: Potential Tesla Valuation of $2.7 Trillion by 2024

“We just put out our latest research on Tesla,” says Ark Investment analyst Tasha Keeney. “We think over the next five years our expected value for the stock is $7,000 per share.”  Tesla’s current share price is roughly $735 equating to a market cap of $132.4 billion. A $7,000...
Posted On 06 Feb 2020
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eBay a Takeover Target For Intercontinental Exchange

The Wall Street Journal is reporting that Intercontinental Exchange (ICE), the owner of the New York Stock Exchange “has made a takeover offer for eBay Inc.” ICE has been interested in buying eBay before, and has now approached the e-commerce giant once again, although the WSJ...
Posted On 05 Feb 2020
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Arvind Krishna Replaces Ginni Rometty As IBM CEO

After eight years as CEO of IBM, Ginni Rometty is stepping down and Arvind Krishna has been elected to replace her, according to a company press release. Rometty is the first woman to hold the top position at IBM and oversaw the company during a period of transformation and...
Posted On 31 Jan 2020
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