) soared on Monday after unloading its most problematic business unit, Cylance, at a fraction of the US$1.4-billion it paid for the cybersecurity business six years ago.
But it is clearly lower than what the company shelled out in the costliest gamble during the 10-year reign of former chief executive officer John Chen, who departed the company last fall. The Cylance acquisition was the largest in BlackBerry’s 50-year history and represented Mr. Chen’s signature deal to shift the company into software after exiting the smartphone market it had pioneered.
The prospect of more buying from funds that track the Nasdaq 100 could further boost MicroStrategy’s stock that has surged nearly 550 per cent this year alongside a jump in bitcoin price.It could be “the start of a looping cycle of capital that could potentially drive up the spot BTC price,” said Matthew Dibb, chief investment officer at cryptocurrency asset manager Astronaut Capital.
The board has made significant progress to date and the company plans to provide an update when it reports its fourth-quarter results, it said on Monday. The firm thinks U.S. President-elect Donald Trump’s policies over the next four years will be a “total game changer” for the development of autonomous and AI technologies at Tesla.
“Local operating conditions have deteriorated significantly with employees imprisoned without cause and gold shipments blocked,” Barrick said in a statement on Monday morning. “If shipments remain suspended, Barrick will be compelled to suspend operations,” it said.“These actions raise serious concerns about the misuse of the criminal justice system,” Barrick said, adding that the managers were imprisoned on “unfounded charges” after the company was hit with “baseless tax and customs claims.
The company had already sold fuel terminals, pipelines and a stake in a Switzerland retail joint venture to raise US$2.7-billion before Monday’s announcement. “We intend to continue to optimize the portfolio and rationalize non-core assets going forward,” said Phillips 66 CEO Mark Lashier.
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