TikTok Completes Sale of Data Security Arm to Joint Venture
TikTok announced it has completed a restructuring in which its data security arm is being sold into a joint venture, owned by a group of investors including Oracle, MGX and Silver Lake, to bring the...
Brexit in Fintech
That’s what you call going out with a whimper. Capital One’s agreement on Thursday to buy Brex, a corporate credit card startup, for $5.15 billion is an uninspiring end to Brex’s life as an inde...
An Exit for Brex Investors; Rising Zombie Funds
Brex’s $5.15 billion agreement to sell to Capital One isn’t the kind of exit employees or investors would have dreamed of four years ago, when it was valued privately at $12.3 billion. But it appe...
Microsoft Outage Takes Down Outlook Email For Hours
Microsoft said Thursday it was investigating an outage that took down Office 365 apps such as its Outlook email service and Teams messaging app in North America throughout the day. The company said it...
Donald Trump Launches Debanking Lawsuit Against JPMorgan
President Donald Trump sued JPMorgan and the bank’s CEO Jamie Dimon for closing his bank accounts in 2021 shortly after the January 6 riots in the U.S. Capital. The lawsuit, which was filed in Miami...
Intel’s Sales Slump Persists Despite AI Growth
Intel’s fourth quarter revenue fell 4%, the chip firm reported Thursday, at the high end of the company’s projections. The result reflected a 7% decline in its largest unit, through which it sells...
