Tag: acquisitions

Viral TikTok accuses Zillow and competitors of manipulating the housing market. Here’s what’s really going on.

Are companies like Zillow ZG, -3.40% and Redfin RDFN, +4.57% manipulating home prices by purchasing properties across the country? That’s what one real-estate agent claims in a video that went viral on the social-media platform TikTok — but real-estate experts say the reality is much more complicated. In a video that’s garnered more than 2.4 […]

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Dow, S&P 500, Nasdaq close lower in weekly slump on ‘quad witching’ and weak consumer sentiment

U.S. stock indexes closed lower Friday, slumping for the week, as bearish momentum gathered steam after a reading on consumer sentiment held close to a roughly 10-year low. Investors also were dealing with volatility Friday from simultaneous options expiries, known colloquially on Wall Street as quadruple witching. How did stocks trade? The Dow Jones Industrial Average […]

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Litecoin hoax highlights crypto market vulnerable to scams: ‘Walmart has no relationship with litecoin,’ says big box retailer

An earlier version of this article incorrectly stated John Wu’s affiliation with Ava Labs, where he is president. Ava Labs was founded by a group including Emin Gün Sirer. Fake news appeared to give holders of virtual currencies very real agita on Monday, as a hoax news release sent litecoin briefly soaring before crumbling back […]

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TransUnion set to buy Neustar for $3.1 billion

TransUnion is nearing a deal to buy information-services company Neustar Inc. for $3.1 billion, according to people familiar with the matter, a move that could help the consumer-credit reporting giant diversify beyond its core business and put data to new uses. The purchase of closely held Neustar could be finalized by Monday, the people said, assuming […]

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El Salvador’s bitcoin experiment splits community amid major price decline

The accession of bitcoin to the status of a legal currency in El Salvador was viewed by many cryptocurrency investors as a watershed moment, but the rocky rollout of the country’s digital wallet and growing concern over President Nayib Bukele’s tactical approach to the bitcoinization of his country’s economy has caused some supporters to warn that […]

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