Coinbase is set to go public via a direct listing on April 14, it said Thursday. The company, which operates the largest cryptocurrency exchange in the U.S., brought in $1.3 billion in revenue and turned a profit of $322 million last year. In a direct listing, companies go public by selling existing shares instead of offering new ones, allowing them to avoid paying the investment banks that...
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The Importance of Apple’s M2 Chip; Meta’s New AI Audio Tricks for AR
What’s in a name? In the case of Apple-designed silicon, not much: from the A-series of chips designed for iPhones through to the M1 and new M2 chips, Apple’s only revision to each new name is updating the number.So, when Mark Gurman of Bloomberg says he expects that Apple’s mixed reality headset will use the M2 chip—which lines up with what The Information’s Wayne Ma reported last month—and...
Tencent’s Biggest Shareholder Plans to Sell Some of Its Stake
Shanghai Declares Victory Over Covid-19
Congressional Report Says Robinhood Understated Liquidity Problems During Meme Stock Craze
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