Dr. Dre could be days away from being the first rapper turned BILLIONAIRE … thanks to a mega-deal for Apple to snatch up his Beats Electronics brand.
Apple will reportedly buy Beats for a whopping $3.2 BILLION — and since Dre and Interscope honcho Jimmy lovine created the brand … it’s a safe bet they will walk away with a huge chunk of that cash.
Facebook Inc. agreed to buy messaging company WhatsApp for $19 billion in cash and stock.
The 55-employee company, which acts as a kind of replacement for text messaging, has seen its use more than double in the past nine months to 450 million monthly users. That makes its service more popular than Twitter Inc., the widely used microblogging service which has about 240 million users and is currently valued at about $30 billion.
Facebook founder Mark Zuckerberg paid top dollar — more than $30 million in total — for the four residential properties located next door and behind his Palo Alto home.
Zuckerberg is one of several prominent tech CEOs who own homes on Palo Alto’s tree-lined streets. Yahoo’s (YHOO) Marissa Mayer and Google’s (GOOG) Larry Page live there, as did the late Apple (AAPL) chief Steve Jobs.
Zuckerberg, who rented for many years, reportedly paid $7 million two years ago for the 5,000-square-foot home in Palo Alto’s Crescent Park neighborhood where he lives with his wife, physician Priscilla Chan. Zuckerberg, whose personal fortune is estimated at $19 billion, also owns a home in San Francisco.
Ross Ulbricht, known as Dread Pirate Roberts to users of the SilkRoad website, was arrested last week, the FBI seized 26,000 Bitcoins belonging to Silk Road customers. But it also attempted, unsuccessfully, to claim the nearly 600,000 – thought to be worth around $80m – which Ulbricht himself is thought to be holding.
Silk Road is a notorious black market website which helped dealers to sell drugs under the cloak of anonymity.
Bitcoin is a digital currency based on a methods of cryptography similar to those used to protect confidential emails. Due to its decentralised nature – the currency does not rely on any centralised agency to process payments, instead relying on work done by users’ computers – it is popular for a number of fringe-legal and illegal uses. One of those uses was Silk Road, where Bitcoin was required for all transactions. 1 Bitcoin is equivalent to $138 usd.
According to the FBI’s complaint, the arrest led to the seizure of $3.6 million in bitcoins—the virtual currency Silk Road users employed to buy and sell illegal drugs online.
Though the FBI’s seizure was the second most valuable act of bitcoin confiscation ever, the Feds were actually unable to appropriate the vast majority of bitcoins associated with the Silk Road enterprise, Ulbricht’s personal stash. Roughly $80 million worth of bitcoins—the personal fortune Ulbricht amassed by running Silk Road—remains untouched by the government
So why can’t the FBI get its hands on the money? The reason has to do with the design of bitcoins themselves. A bitcoin cannot be transferred from one user to another without the first users “private key,” or password to verify the transaction. Unless Ulbricht hands over his password, the FBI will be unable take possession of the money.
Grand Theft Auto V was released on Tuesday, and within one day the sales surpassed $800 million worldwide, breaking a company record.
Jaylen Bledsoe of Hazelwood, MO is a 15 year old, sophomore in High School, millionaire and CEO of Bledsoe Technologies. His future plans include going to Harvard University.
He doesn’t count Facebook or the iPad among his inventions, but that doesn’t stop Medtech CEO Bertin Nahum from being considered the 4th most revolutionary entrepreneur in the world.
The next-generation PlayStation 4 will go on sale on Nov 15. in North America, Sony announced at its Gamescom press conference Tuesday. It will go on sale on Nov. 29 in Europe.
The PlayStation 4 will cost $399
A rare Apple 1 computer — among the first ever produced by Steve Jobs and Steve Wozniak’s one-time tech startup — has sold at auction for nearly $400,000.
The piece of computing history, hand-built in the garage of Jobs’ parents way back in 1976, went for $387,750 in an online-only Christie’s auction. The device was reportedly sold by a retired school psychologist from California, and bought by an Italian collectors’ club.
Smartphone app developer Shazam will receive $40 million in financing from mexican billionaire, Carlos Slim, one of the world’s richest men. Shazam is a media discovery app which plans to expand to TV.