investment
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Sony’s Credit Rating Downgraded To Junk Status
The PlayStation 4 is a great product for Sony, sales are incredibly promising and it is providing a lifeline that the company really needed as we entered 2014, however that hasn’t stopped Sony’s credit rating being cut down to “Junk” status by Moody’s Investor Service. Sony Entertainment is doing rather…
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Bitcoin Estimated At A Value Of $100,000 In The Future
Chris Dixon, partner at Andreessen Horowitz, states that Bitcoin has the potential to become the leading means of making payments online in the future. He says that a single Bitcoin could be worth more than its present value. “I think [a bitcoin] could be easily worth $100,000,” Dixon says. This…
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Investors Spend $75 million to build consumer version Oculus VR
The people behind the highly anticipated virtual reality headset known as the Oculus Rift secured a $75 million Series B round of funding led by Andreessen Horowitz, the same investment firm that was instrumental in recently helping digital currency wallet and payment processor Coinbase secure $25 million in funding. Marc…
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Alan Mulally Won’t Be Next Microsoft CEO, Market Cap Drops $12B
Many Microsoft investors have dumped their stocks after it was revealed that the current Ford President and CEO Alan Mulally will not be joining the company as their next CEO. Edsel Ford II stated that Alan would be staying with his current position through to the end of 2014, putting…
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Bill Gates Takes The World Richest Man Titles Once Again
Carlos Slim has got some catching up to do if he wants to become the worlds richest man once again as Bil Gates sees a swift increase in wealth that has set him in the lead. Of course, Carlos Slim isn’t exactly scraping the bottom of his penny jar just yet and…
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Rumour of Corsair Buyout Is False, But They Are Seeking Major Investment
You might remember a couple of days ago we reported on a story that Corsair were rumoured to be involved in buyout talks with Francisco Partners? This came after Corsair indefinitely postponed an IPO after the relative flop of the Facebook IPO. Corsair said that they would “relaunch [the IPO]…
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