NASDAQ

Platform News: Tim Cook is the happy CEO of Apple

Apple closes in on $3 trillion market value

Apple Inc’s market value hovered just shy of the $3 trillion mark, following a stunning run over the past decade that has turned it into the world’s most valuable compa...

Platform News: China's Alibaba online marketplace

Alibaba’s e-commerce empire under threat from Douyin, Pinduoduo

For more than a decade, Alibaba Group has been China’s undisputed e-commerce king but of late its crown has shown signs of slipping, unsettled by an influx of aggressive comp...

Platform News: Didi

Didi’s New York exit a further blow to Chinese listings in US

Ride-hailing giant Didi Global’s plan to withdraw from the New York stock exchange may create an even deeper chill after this year’s drop-off in Chinese firms’ li...

Platform Economy: The technology sector in Paris, France

France orders websites to remove online marketplace Wish

France has ordered search engines and online platforms to strip Wish from their listings over concerns about product safety and the US e-commerce marketplace said it was taking leg...

Udemy

Online learning firm Udemy valued at $3.7 billion in tepid Nasdaq debut

Online learning company Udemy Inc, which has grown rapidly over the past year due to a surge in demand for online learning, was valued at $3.7 billion after its shares opened 7% be...

Platform Industry: President Donald J Trump comments

Trump’s social media deal ignites 350% gain in SPAC’s shares

Former US President Donald J Trump’s deal to create a social media app after Twitter and Facebook barred him won an exuberant endorsement from investors, with shares in a she...

Cryptocurrency

US futures-based bitcoin ETF rises in first day of trading, bitcoin nears record

The first US bitcoin futures-based exchange-traded fund began trading yesterday, sending bitcoin to a six-month high and just off its all-time peak, as traders bet the ETF could bo...

Platform Industry: Netflix streaming service

Global ‘Squid Game’ mania lifts Netflix quarter

Netflix’s global sensation “Squid Game” helped lure more new customers than expected, the world’s largest streaming service said on Tuesday as it predicted ...

Platform Industry: Wall Street, IPO's and stock performance

Investors eye Big Tech as stock market wobbles

Technology stocks are bearing the brunt of a recent market selloff, putting a spotlight on how an extended downturn in the sector could weigh on broader equity indexes.

Platform News: GameStop

Meme stocks soar in late day trading surge, short sellers knocked

Shares of several retail trading darlings, including AMC Entertainment and GameStop, surged in heavy volume yesterday, on no apparent news, dealing over $1 billion in losses to sho...

Platform News: Duolingo

Duolingo enters ‘major leagues’ with $6.5 billion valuation in strong debut

Language learning app Duolingo notched a valuation of $6.5 billion after its shares surged nearly 40% in the company’s Nasdaq debut, becoming the latest education technology ...

Platform News: China

International investor concerns mount over China’s tech rout

International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China’s top tech stocks and began to seep into currency and deb...

Platform News: Duolingo

Language-learning app Duolingo files for US IPO, reveals revenue surge

Language-learning app Duolingo Inc has filed for a US initial public offering and revealed that its revenue more than doubled in the first quarter this year.

Platform News: FinTech trading app Robinhood

Robinhood CEO calls for changes to exchange pricing rules

US securities rules should be changed to allow stock exchanges to quote bids and offers in price increments of less than a penny so they can better compete with wholesale brokerage...

Didi V2X

China’s Didi reveals US IPO filing, sets stage for blockbuster float

Didi Chuxing, China’s biggest ride-hailing firm, has made public its filing for a US stock market listing, setting the stage for what is expected to be the world’s bigg...