Crypto miner Marathon Patent Group pours $150 million into bitcoin as the token pulls back from record highs
Bitcoin miners are seeing gold despite the cryptocurrency's recent fall. NurPhoto/Getty Images Marathon Patent Group announced the purchase 4,812.66 BTC on Monday. The transaction, handled by NYDIG, was worth $150 million. By the end of the first quarter of 2022, bitcoin miner Marathon expects to own and operate over 100,000 bitcoin miners. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.GameStop short-sellers lost $1.6 billion in a single day as Reddit traders rebelled against them
Lucas Jackson/Reuters GameStop short-sellers have lost $3.3 billion betting against the stock in 2021, S3 Partners said.Losses totaled roughly $1.6 billion on Friday alone as the stock rallied 51%.GameStop has rocketed as Reddit traders drive bullish momentum to extraordinary levels.Watch GameStop trade live here.Investors betting against GameStop and the army of bullish retail traders have already lost billions in 2021.Mark-to-market losses for GameStop shorts on a year-to-date basis reached $3.3 billion when trading closed on Friday, according to data from the financial-analytics firm S3 Partners.This business intelligence and data analysis bundle is only $39.99
Learn how to extract and utilize data like a pro. Your business will thank you.The bull case for bitcoin, straight from a crypto whale
Hello everyone! Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Please subscribe here to get this newsletter in your inbox every week. R.Tsubin/Getty Images Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'll be shepherding you through what to expect in markets in the coming weeks, while also featuring some of Insider's best work on the subject.Regular readers may notice that this newsletter has moved from its previous slot early in the week to Sunday afternoon.Augmented reality and the next century of the web
Howdy friends, this is the web version of my Week in Review newsletter, it’s here to entice you to sign up and get it in your inbox every week. Last week, I showcased how Twitter was looking at the future of the web with a decentralized approach so that they wouldn’t be stuck unilaterally de-platforming the next world leader. This week, I scribbled some thoughts on another aspect of the future web, the ongoing battle between Facebook and Apple to own augmented reality.Inside GameStop’s chaotic week in the stock market, which saw Reddit day-traders revolt against a renowned short-seller and send shares spiking
Getty Images / Corbis News GameStop's stock began the week by spiking on a board-of-directors shake-up.That price action eventually exploded into an all-out battle between online day-traders and short-sellers decrying the share gains.Those short-sellers - including the renowned Citron Research - argued prices will crash soon. But Reddit traders had other ideas as they bid the stock up to levels that triggered a halt in trading.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.It started with a letter from Ryan Cohen, the founder of online pet-supply retailer Chewy and an activist investor in GameStop.Cohen, who also serves as a managing member of RC Ventures, wrote to GameStop on November 16 urging the company to pivot to online sales should it want to stay afloat.Palantir surges 25% to all-time highs, up 251% since IPO
Palantir HQ. Picture Alliance/Getty Images Palantir stock surged as much as 25% Friday after announcing its first inaugural demo day. The company also added former Accenture senior advisor Lauren Friedman Stat to its board. Palantir trades at a significant valuation of 48x sales and boasts a market cap of over $56 billion. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Extra Crunch roundup: Digital health VC survey, edtech M&A, deep tech marketing, more
I had my first telehealth consultation last year, and there’s a high probability that you did, too. Since the pandemic began, consumer adoption of remote healthcare has increased 300%. Speaking as an unvaccinated urban dweller: I’d rather speak to a nurse or doctor via my laptop than try to remain physically distanced on a bus or hailed ride traveling to/from their office.Big Data Helps Solar Energy Become Major Cost Saver for Businesses
Many people don’t realize the countless benefits that big data has provided for the solar energy sector. A growing number of solar energy companies are using new advances in data analytics and machine learning to increase the value of their products. A little over a year ago, Entrepreneur.com published an article on this topic titled Big Data and Solar Energy Are a Match Made in Heaven.8 VCs agree: behavioral support and remote visits make digital health a strong bet for 2021
In TechCrunch investor surveys of years past, we’ve seen a big focus on fixing what’s broken or bringing the infrastructure into the modern era. But the world has dramatically changed since the beginning of the COVID-19 pandemic. More of us saw our doctor on video than ever before in 2020 — reaching a 300-fold increase in telehealth visits. It was the year healthcare finally moved fully into the digital space with data management solutions as well.FOLLOW US:
