Technology

Disney Plus adds 8 million subscribers—but it's still operating at a loss

Disney Plus adds 8 million subscribers—but it’s still operating at a loss

Disney+Photo: NICK AGRO/AFP via Getty Images When Disney first launched its streaming service Disney+ back in November of 2019, it did so with a long-term mindset. Streaming was, presumably, the future, and so the company was willing to burn a lot of money to catch up with more established performers in the industry—most notably Netflix, …

Disney Plus adds 8 million subscribers—but it’s still operating at a loss Read More »

WildBrain's 'Lake Erie' Breaks New Ground in Family-Friendly Horror

WildBrain’s ‘Lake Erie’ Breaks New Ground in Family-Friendly Horror

Long renowned as one of the world’s leading independent kids’ content companies, Halifax-based WildBrain is home to such brands as Peanuts, Teletubbies, Yo Gabba Gabba!, Inspector Gadget, Degrassi, and many others. And, with the advent of their 75,000-square-foot state-of-the-art animation studio in Vancouver, BC, they have been producing a number of popular series, including The …

WildBrain’s ‘Lake Erie’ Breaks New Ground in Family-Friendly Horror Read More »

Why it's bad news for the entire market when Apple has a big drop

Why it’s bad news for the entire market when Apple has a big drop

Apple stock is down over 8% this week, wiping out about $200 billion in value and dragging down the Dow and Nasdaq indexes. The iPhone maker is now officially in a bear market alongside other technology giants. Apple has fallen during a bad week for equity markets, which are selling off stocks in nearly every …

Why it’s bad news for the entire market when Apple has a big drop Read More »

Start-up investor Jason Calacanis raising millions for Twitter stake

Start-up investor Jason Calacanis raising millions for Twitter stake

Jason Calacanis Adam Jeffery | CNBC Angel investor Jason Calacanis, an early backer of Uber and Robinhood, is seeking to raise tens of millions of dollars for a stake in Twitter as part of Elon Musk’s $44 billion agreement to buy the social media company. “We are now collecting interest to invest in Twitter with …

Start-up investor Jason Calacanis raising millions for Twitter stake Read More »

Robinhood shares pop more than 20% after Sam Bankman-Fried buys 7.6% stake

Robinhood shares pop more than 20% after Sam Bankman-Fried buys 7.6% stake

Sam Bankman-Fried, CEO of FTX US Derivatives, testifies during the House Agriculture Committee hearing titled Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models, in Longworth Building on Thursday, May 12, 2022. tom williams | CQ-Roll Call, Inc. | Getty Images Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a …

Robinhood shares pop more than 20% after Sam Bankman-Fried buys 7.6% stake Read More »

Scientists grow plants in lunar dirt, next stop moon

Scientists grow plants in lunar dirt, next stop moon

CAPE CANAVERAL, Fla. (AP) — For the first time, scientists have grown plants in soil from the moon collected by NASA’s Apollo astronauts. Researchers had no idea if anything would sprout in the harsh moon dirt and wanted to see if it could be used to grow food by the next generation of lunar explorers. …

Scientists grow plants in lunar dirt, next stop moon Read More »

Octopuses Tragically Destroy Themselves After Mating.  We May Finally Know Why

Octopuses Tragically Destroy Themselves After Mating. We May Finally Know Why

Octopuses are doomed to be orphans from a very young age. After a female octopus lays her eggs, she stops eating and begins self-mutilating, tearing off her skin and biting off the tips of her tentacles. By the time a young octopus wriggles out of its egg, its mother is already dead. A few months …

Octopuses Tragically Destroy Themselves After Mating. We May Finally Know Why Read More »

Affirm stock soars as company tops revenue expectations 'despite volatile market conditions'

Affirm stock soars as company tops revenue expectations ‘despite volatile market conditions’

Shares of Affirm Holdings Inc. surged in after-hours trading Thursday after the buy-now pay-later company delivered a revenue beat and an upbeat volume forecast in the face of “volatile market conditions.” The company posted a fiscal third-quarter net loss of $54.7 million, or 19 cents a share, compared with a loss of $287 million, or …

Affirm stock soars as company tops revenue expectations ‘despite volatile market conditions’ Read More »

MIT's 'Sun-in-a-Box' Uses Light as an Efficient Form of Energy

MIT’s ‘Sun-in-a-Box’ Uses Light as an Efficient Form of Energy

The thermophotovoltaic cell, also called a “heat engine,” is 1 square centimeter, but the research team behind it are looking to scale up. Photo: Felice Frankel Researchers at MIT have built a highly efficient thermophotovoltaic cell that, when paired with renewable resources, efficiently converts incoming photons—particles of light—to electricity. It’s an achievement that could inspire …

MIT’s ‘Sun-in-a-Box’ Uses Light as an Efficient Form of Energy Read More »

Apple Stock Has Broken Down.  That's Bad for the Market.

Apple Stock Has Broken Down. That’s Bad for the Market.

Text size Apple’s flagship store in Beijing is closed to prevent the spread of Covid-19. Kevin Frayer/Getty Images Apple stock is in a sorry state, trading now below a price that investors couldn’t resist before—a price that sent it higher in the past several months. This new price—roughly $142 a share on Thursday—is, of course, …

Apple Stock Has Broken Down. That’s Bad for the Market. Read More »