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  • Bitcoin crash: This man lost his savings when cryptocurrencies plunged

    Bitcoin crash: This man lost his savings when cryptocurrencies plunged

    money.cnn.com 11 Sep '18, 12pm

    He bet on Bitcoin and lost nearly everything An estimated $400 billion has been wiped off the value of major cryptocurrencies since January. Sean Russell's life savings were among them. Russell rarely played the stock market and had little investing experience when he put around $120,...

  • Facebook is spending $1 billion on its first data center in Asia

    Facebook is spending $1 billion on its first data center in Asia

    money.cnn.com 06 Sep '18, 11am

    How controversy changed Facebook's mission Facebook has picked Singapore for its first data center in Asia, announcing plans to spend $1 billion on a project that highlights its growth ambitions in the region. The company is joining other tech heavyweights like Google (GOOGL ) and Mic...

  • Bitcoin bloodbath -- cryptocurrency plunges 20% in two days

    money.cnn.com 06 Sep '18, 5pm

    Bitcoin buying is like 'trading turds' Bitcoin investors are getting their digital butts kicked lately. Hard. Bitcoin prices have plunged more than 20% in the past two days. Ethereum, Litecoin, Ripple and other cryptocurrencies have suffered similarly large drops. The reason for the l...

  • Remember Overstock? It's basically a crypto company now

    money.cnn.com 10 Aug '18, 3pm

    Overstock CEO: Bitcoin a 'form of sound money' As an online retailer, Overstock is in bad shape. It keeps losing money, and its sales growth is far behind Amazon. But the company doesn't think that matters. Overstock is going all in on blockchain and cryptocurrencies. Shares of Overst...

  • Starbucks may let customers pay with bitcoin

    Starbucks may let customers pay with bitcoin

    money.cnn.com 03 Aug '18, 8pm

    The U.S. town where Bitcoin thrives Starbucks customers may soon be able to pay for their lattes with bitcoin. The company announced on Wednesday that it's teaming up with Microsoft and Intercontinental Exchange, the owner of the New York Stock Exchange, to let customers use cryptocur...

  • Grab gets $1 billion injection, heating up battle with GoJek

    money.cnn.com 02 Aug '18, 9am

    London mayor: Uber has to play by the rules Grab just got another $1 billion to expand its war chest in Asia. The Singapore-based ride-hailing company, which recently bought out Uber's business in southeast Asia, said Thursday that it had raised fresh funding from big investors includ...

  • Under Armour is blowing through cash to fight Nike

    Under Armour is blowing through cash to fight Nike

    money.cnn.com 26 Jul '18, 5pm

    5 stunning stats about Under Armour It's expensive trying to break out of a slump. Just ask Under Armour. In February, Under Armour updated its long-term restructuring plan, telling investors the company would take charges of up to $130 million to invest in its struggling business. On...

  • Cargo wants to turn Grab and Uber cars into vending machines

    money.cnn.com 05 Jun '18, 10am

    Self-driving taxis hit the streets in Singapore Forget your sunscreen on the way to the beach? Your Uber ride could save you a trip to the drugstore. Cargo, a New York-based company founded in 2016, equips ride-hailing drivers with boxes of snacks, drinks and beauty products to offer ...

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