cnbc News of 02/24/20
Report: SoftBank Is Taking Control Of WeWork At An ~$8b Valuation
WeWork, once valued at $47 billion, will be worth as little as $7.5 billion on paper as SoftBank takes control of the struggling co-working business, CNBC reports . SoftBank, a long-time WeWork investor, plans to invest between $4 billion and $5 ...
Amazon Might Reveal Fitness-Tracking Alexa Wireless Earbuds, Echo With Better Sound This Week
Amazon is building wireless earbuds that offer Alexa voice assistant access, and fitness tracking for use during activities, according to a new report from CNBC . These earbuds, combined with a new, larger Echo designed to provide more premium ...
Tech Stocks Walloped As China Retaliates In The Latest Salvo Of Its Trade War With The U.S.
All U.S. stock markets were down severely today, and tech stocks were hit especially hard, as China retaliated to increasing U.S. tariffs by halting imports on U.S. agricultural goods and finally acceded to market pressures by letting the yuan slide ...
Amazon Acquires Flash-Based Cloud Storage Startup e8 Storage
Amazon has acquired Isreali storage tech startup E8 Storage, as first reported to Reuters , CNBC and Globes and confirmed by TechCrunch. The acquisition will bring the team and technology from E8 in to Amazon’s existing Amazon Web ...