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Author Archives: Techme101
Nvidia-supplier SK Hynix readies next-gen memory chips, staying ahead of competition
SK Hynix shares soared Friday as chipmaker announced it was ready to the mass produce its next-generation high-bandwidth memory chips.
Klarna IPO and ASML’s Mistral bet revive Europe’s tech dreams
For years, investors have been talking up Europe’s potential to build valuable tech firms. Those dreams could finally be moving closer to reality.
Seminole Gaming’s COO speaks out against rise in illegal gambling in Florida
Seminole Gaming’s COO, David Hoenemeyer, has released a statement as Florida wrestles with a rising illegal gambling industry. In recent months, the state has been host to several busts and stings, weeding out illegal gambling rings. As we’ve previously reported, … Continue reading
Man jumps overboard from cruise after racking up $16,000 in gambling debts
Turbulent seas ahead, as a passenger decided to jump overboard from his cruise, with suspicions it was to avoid his $16,000 gambling debts. Jey Xander Omar Gonzalez-Diaz has now been picked up by federal prosecutors after he reportedly tried to … Continue reading
Light & Wonder plans to crush debt with $1 billion unsecured notes
Light & Wonder, Inc. has a new plan to repay its outstanding debt by offering $1 billion in “aggregate principal amount of senior unsecured notes.” These will be due in 2033, as a private offering. This comes as the firm became … Continue reading
Third Circuit judges appear skeptical of New Jersey in Kalshi case
The Third Circuit Court of Appeals heard arguments this week in Kalshi v New Jersey, a closely watched case testing where state authority over gambling stops and where the Commodity Futures Trading Commission’s authority over swaps begins. From the start, … Continue reading
NCAA boots gambling students after they won over $16K betting on themselves
The National Collegiate Athletic Association (NCAA) has released a statement after it uncovered three student-athletes were involved in gambling on their own games. Named and shamed by the organization, Mykell Robinson, Steven Vasquez, and Jalen Weaver have since been released … Continue reading
Winklevoss-founded Gemini reportedly prices IPO at $28 per share, valuing the crypto exchange at $3.3 billion
Gemini Space Station, the operator of the cryptocurrency exchange founded by the Winklevoss brothers, has seen strong demand for its offering.
PayPal vs Venmo for Business
PayPal Business is built for scale and security; Venmo for Business is better for quick, local sales. Learn more in this guide.
OpenAI says nonprofit parent will own equity stake in company of over $100 billion
OpenAI said that its nonprofit parent will continue to oversee the company and have a very large stake in its future.