You are here
Home > Business News (Page 2)

Blackstone is acquiring mobile ad company Vungle

Private equity firm Blackstone just announced that it has reached an agreement to acquire mobile advertising company Vungle. The companies aren’t disclosing the financial terms, but as part of the transaction, Vungle has also reached a settlement with founder Zain Jaffer, who filed a wrongful termination lawsuit against the company

Ozy Fest Will Heat Up NYC This Weekend

Get ready New York City, this weekend on the Great Lawn in Central Park the fourth annual Ozy Fest is guaranteed to heat up the big city. This is one of the most innovative and interactive experiences availabe today featuring an eclectic combination of music, comedy, and ideas, OZY Fest brings

Bordeaux Producer to Release World’s Most Expensive Wine

When it comes to record-breaking bottle prices, Burgundy usually leads the way, both in France and around the world. But one Bordeaux producer is set to make even Domaine de la Romanée Conti seem like a bargain when it releases its next vintage for a stratospheric $34,110 per bottle. Located in

Netflix Bubble Bursts and These 3 Tech Stocks Could Be Next

Netflix stock plummeted 11% out of the gate despite posting better-than-expected earnings in Q2. The reason? A colossal miss in subscriber growth, the lifeblood of the debt-ridden media giant. Now that Wall Street appears to be waking up to overvaluations, here are three tech stock bubbles – Beyond Meat, Uber,

Microsoft Teams overtakes Slack with 13 million daily users

Microsoft is finally revealing exactly how many people are using its Slack competitor Microsoft Teams. The software maker says that more than 13 million people are using Microsoft Teams daily, along with more than 19 million weekly active users. This is the first time Microsoft has revealed an active user

Ikea Is Closing Its Only U.S. Factory And Moving Production To Europe

(CNN) — Ikea is shutting down its only furniture factory in the United States. The Swedish company will end production this December at its plant in Danville, Virginia. Operations will move to Europe, where the company says it can cut costs. “We made every effort to improve and maintain the competitiveness of this plant, but unfortunately the

Black British Actress Lashana Lynch Tapped As The New 007

There's a new 007 in town and it's not James Bond. According to The Guardian, the upcoming "Bond 25" film will revolutionize the classic spy franchise in a big way by having black British actress Lashana Lynch take the coveted secret agent number after Daniel Craig's James Bond leaves MI6. "The

Facebook director Peter Thiel says FBI, CIA should probe Google

Peter Thiel, billionaire investor and Facebook board member, on Sunday night said that Google should be federally investigated for allegedly aiding the Chinese military. Why it matters: Thiel is the tech industry's highest-profile Trump supporter, and one of the most powerful players in Silicon Valley. Thiel spoke at the National Conservatism Conference,