Mike Novogratz, the formidable figure behind the crypto investment firm Galaxy Digital, endured an arduous four-year path filled with bureaucratic hurdles and extensive financial expenditures amounting to over $25 million. His journey to take Galaxy Digital public in the U.S. was not just a business move; it reflected a personal battle against an overwhelming regulatory
Enterprise
In a bold move that underlines its ambitions in the competitive landscape of cybersecurity, Proofpoint has announced its acquisition of Germany-based firm Hornetsecurity for an eye-popping $1 billion. This transaction, the largest in Proofpoint’s history, not only enhances its portfolio but also strategically positions the company for a resurgence in the public markets. The Sunnyvale,
The recent Nasdaq debut of eToro has sent ripples through the financial markets, marking a potentially transformative moment not just for the company, but for the entire fintech sector. With an initial public offering (IPO) that raised almost $310 million, eToro’s stock opened at an impressive $69.69—34% higher than the IPO price of $52. The
Coinbase has recently witnessed a remarkable surge in its stock price, soaring more than 20% following news of its inclusion in the S&P 500. This development is significant as the inclusion of a company in this prestigious index typically results in an inflow of capital from funds that track the performance of the S&P 500.
The ongoing ebb and flow of U.S.-China trade relations have dominated headlines for the past few years, creating a volatile environment for companies reliant on transcontinental supply chains. Recently, an unexpected yet welcomed development shook the market: both nations agreed to temporarily suspend most tariffs on goods exchanged between them. This pivotal decision has provided
As the cryptocurrency landscape evolves, it collides increasingly with the intricate world of politics, particularly at the nexus of legislation and personal profit. Recent developments surrounding President Donald Trump highlight how an incumbent can inadvertently stifle necessary regulations that could benefit the broader public while tending to personal interests. The failed GENIUS Act, intended to
In the rapidly evolving world of technology, few corporations have wielded as much influence as Google. However, their dominance has come under intense scrutiny, culminating in a high-profile antitrust trial aimed at unraveling their monopoly status in the search engine market. Centered on the testimony provided by Google’s head of search, Liz Reid, this trial
The legal tussle between Apple and Epic Games has morphed from a simple dispute into a transformative saga with far-reaching implications for the App Store ecosystem. At the heart of this battle lies Apple’s contentious commission fees levied on in-app transactions. Most recently, a ruling by U.S. District Judge Yvonne Gonzalez Rogers sought to recalibrate
Amidst the hustle of the NBA playoffs, professional athletes often face scrutiny not just for their on-court skills but also for their off-court initiatives. Russell Westbrook, a name synonymous with explosive athleticism and tenacity, is redefining his legacy by launching Eazewell—an innovative startup aimed at simplifying funeral planning through artificial intelligence. Teaming up with former
In an exciting development for the global food delivery landscape, British firm Deliveroo has agreed to a takeover by American rival DoorDash, commercializing a high-stakes collaboration that could reshape the market. This deal, valued at £2.9 billion ($3.9 billion), represents not just a significant financial transaction but also a strategic maneuver aimed at bolstering competitiveness