Silicon Valley

Telegram founder Pavel Durov recently disclosed in an interview with Tucker Carlson why he decided against setting up the company’s headquarters in San Francisco. For Durov, San Francisco was not an option due to concerns over personal safety and excessive attention from U.S. authorities....

The ambitious plans for a new city in Solano County, California, have been revealed. The project, backed by some of Silicon Valley’s wealthiest, is set to be put to a local vote. What Happened: Business Insider reported on Thursday that the new city, backed by some of Silicon Valley’s...

Silicon Valley character Bertram Gilfoyle, played by Martin Starr will defend three things: "medical marijuana, Satan as a metaphor for rebellion against tyranny, and motherf***ing goddamn cryptocurrency." This statement sets the stage for what could be considered the most memorable...

Former executives from bankrupt Silicon Valley Bank and Signature Bank sought to explain the sequence of events that led to the two banks' failures in March before the Senate Banking, Housing and Urban Affairs Committee on Tuesday.  “We took risk management seriously,...

After the dust seemingly having settled on the job cuts that kicked off the year, on March 14th, Meta Platforms Inc (NASDAQ: META) revealed it will be laying off 10,000 more workers after already having laid off 11,000 workers back in November which together makes a workforce reduction of 25%...

An analyst is downgrading shares of electric vehicle leader Tesla Inc (NASDAQ: TSLA), and the fallout from the collapse of several banks is one reason why. The Tesla Analyst: Wolfe Research analyst Rod Lache downgraded shares of Tesla from Outperform to Peer Perform and maintained a $185...

Shares of banking company SVB Financial Group (NASDAQ: SIVB) fell 60% on Thursday over news of an offering and the need to raise capital. The company’s CEO Greg Becker sent a letter citing higher interest rates and elevated cash burn from clients as reasons for the need for capital. Analysts...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Wednesday that the automaker was moving the company’s global engineering headquarters to Palo Alto, California. An opening ceremony with California Governor Gavin Newsom was held on the same day. What Happened: The event was live-streamed by...

Entrepreneur and NBA team owner Mark Cuban isn’t shy about sharing business advice to help others. Cuban is also known for being outspoken in his opinions on many topics. Here’s what Cuban thinks about Silicon Valley. What Happened: Despite a wealth in the billions, Cuban keeps...

Silicon Valley-based venture capital firm Andreessen Horowitz, or a16z, plans to launch a new $600 million metaverse fund.  What Happened: In a recent blog post, Andreessen Horowitz announced the launch of the fund, which would support innovation in the gaming industry and help build the...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1990, Cisco Systems, Inc. (NASDAQ: CSCO) held its IPO. Where The Market Was: The S&P 500 was at 332.72 and the Dow Jones Industrial Average stood at 2,635.59....

Twitter Inc. (NYSE: TWTR) co-founder Jack Dorsey continued his tirade against Web 3.0, which has been touted by its supporters as a decentralized future version of the internet that would run on blockchain networks. What Happened: Dorsey, a big supporter of Bitcoin (CRYPTO: BTC), shared his...

Silicon Valley is now seeing the consequences of its excessive focus on “software” over the past few decades that deemed “hardware” out of fashion in the wake of the global semiconductor shortage, Glenn O’Donnell, research director at Forrester told CNBC...

What Happened: A recent series of tweets led spectators to believe that Square Inc (NASDAQ: SQ) CEO Jack Dorsey and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk would finally have “the talk” about Bitcoin (CRYPTO: BTC). Bicurious? — Elon Musk (@elonmusk) June 25, 2021...

What Happened: American investor and entrepreneur Sam Altman has started a new venture called Worldcoin that aims to distribute cryptocurrency to every person on earth after scanning their eyeballs. According to a report from Bloomberg, a spherical device the size of a basketball will be used to...