Business

MXL Stock, SIMO Stock: MaxLinear To Buy Silicon Motion

MXL Stock, SIMO Stock: MaxLinear To Buy Silicon Motion

chipmaker MaxLinear (MXL) on Thursday announced plans to buy industry peer SiliconMotionTechnology (SIMO) in a cash-and-stock deal worth $3.8 billion. MXL stock fell on the news but SIMO stock rocketed. X Carlsbad, Calif.-based MaxLinear said the deal will diversify its technology portfolio and vastly expand its total addressable market. MaxLinear makes radio frequency, analog and …

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Zillow stock falls 9% after disappointing forecast in 'uncertain' real-estate environment

Zillow stock falls 9% after disappointing forecast in ‘uncertain’ real-estate environment

Zillow Group Inc. blew away revenue expectations for the first quarter Thursday, but reflected the uncertain future for the real-estate industry with a disappointing forecast, pushing shares down in after-hours trading. ZillowZ, -9.88% ZG, -9.42% reported a first-quarter profit of $16 million, or 6 cents a share, on revenue of $4.26 billion, up from $1.22 …

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Senator's Financial Freedom Act would ensure Bitcoin can be in your 401(k)

Senator’s Financial Freedom Act would ensure Bitcoin can be in your 401(k)

Republican Senator Tommy Tuberville from Alabama has unveiled a new bill he calls the Financial Freedom Act to allow Americans to add cryptocurrency to their 401(k) retirement savings plan unencumbered by regulatory guidance. The new bill is Tuberville’s response to the Department of Labor’s (DOL) push to potentially keep crypto out of 401(k) investment plans …

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The Athletic Lost $6.8 Million After Purchase by the New York Times

The Athletic Lost $6.8 Million After Purchase by the New York Times

According to a report, the sports subscription site The Athletic lost $6.8 million in its first year after being bought up by the New York Times. According to Front Office Sports, the sports site did bring new subscribers to the Timesbut it is unlikely that the cost was worth the purchase price. The paper bought …

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Peloton reportedly looks to sell up to a 20% stake amid struggles – TechCrunch

Peloton reportedly looks to sell up to a 20% stake amid struggles – TechCrunch

In February, Peloton CEO John Foley stepped down as the connected fitness pioneer cut 2,800 jobs. No one could say the news was unexpected. The firm was experiencing dramatic turmoil after flying high from pandemic sales and then falling back down to Earth. Add to that 2021’s massive product recall and you’ve got a rough …

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