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Facebook pledges $100 million to small businesses impacted by coronavirus
Until now, Facebook's response to the coronavirus outbreak has focused on fighting the spread of misinformation -- by offering free WHO ads and banning ads that promote false 'cures.' Now, Facebook plans to invest $100 million in 30,000 small businesses in over 30 countries where its employees work and live. Facebook is also giving $1,000 bonuses to each of its employees, CNBC reports.
PayPal can help you save and invest money with the Acorns app
PayPal is funding several new digital services lately. You can send cash to your friends via the money service using Facebook Messenger, Skype and even PayPal's own money cards. The company also makes it easy to pool money for gifts and tip Twitch streamers. Now you can fund your Acorn investment account with PayPal, too, making it easier to take care of your financial future.
Nexon invests $687M in NCsoft, becomes largest shareholder
MMO competitors and countrymen-in-arms Nexon and NCsoft are closer than ever today, as Nexon has acquired a minority interest in its fellow company. The move makes Nexon NCsoft's largest shareholder. Nexon announced that it had invested in NCsoft by snapping up 3,218,091 shares in a private transaction. The deal cost Nexon 804,522,750,000 South Korean Won, or $687 million US. This puts Nexon's share ownership of NCsoft at 14.7%. It will certainly be interesting to see how this investment affects the future of both Nexon and NCsoft. Nexon said that it "forms the basis of a long-term partnership" between the two companies. Nexon has been making aggressive moves of late, particularly with acquiring Taiwanese publisher Gamania last month.
Google backs Alta Wind Energy Center, boasts $400 million clean energy milestone
Google announced today that it's throwing $55 million dollars to the wind... energy, that is. A post to the official Google blog said the company has invested the aforementioned amount in the Alta Wind Energy Center, which is set to generate 1,550 megawatts of energy -- enough to reportedly power 450,000 homes -- from a batch of turbines in the Mojave Dessert. Developed by Terra-Gen Power, the operation will carry the resulting energy via transmission lines to "major population centers." The ever-humble internet giant pointed out that this particular injection of funds marks a total investment of $400 million in the clean energy sector. In fact, El Goog signed a deal last year to power several of its data centers with wind power, and most recently announced the opening of a seawater-cooled data center in Finland.
Panasonic, Samsung step up SiBeam WirelessHD investment
The WirelessHD group has been making noise all year in what looks like run up to big things in 2009, so two of its biggest supporters, Panasonic and Samsung, are putting their money where their mouth is, with a "strategic investment" in developer SiBEAM. No word on exactly how much cash was laid out by the two, but the 60Ghz band chip maker is spinning it as a clear show of confidence from two of the world's biggest consumer electronics manufacturers that will help it roll out product in the future. With more than a few variants of cable-free technology on shelves or on the way we'll need to see actual hardware for sale before lining up as true believers.
EVE Evolved: Money for nothing
In most MMOs, making currency without actually playing usually involves rule-breaking macro-farming which risks getting your account banned. In EVE Online, however, a number of viable options exist for making ISK with absolutely no effort. From hiring research and development agents to public investment schemes and even a player-run bank, there are plenty of ways to make ISK in EVE without even logging in.Investment Schemes:In the market discussion forums, players can sell shares in their company and present a business plan to potential investors. The corporation receives ISK in exchange for its shares and agrees to make regular dividend payments to all shareholders. Buyers have to trust that the company owner won't just run off with their ISK, so only the most trustworthy players have managed to successfully start very large investment schemes.In this article, I look at the different ways you can make ISK with virtually no effort, in some cases even if your account is inactive.
LG warms up to OLED, gears up to sink some cash into it
Not like LG had any choice but to get savvy with OLED, but either way, it's good to hear that it's making the investment willingly. According to CEO Kwon Young-soo, LG is planning to use some of its "abundant cash" (must be nice, right?) to "increase capital spending for the active-matrix organic light-emitting diodes (AMOLED) business." He refused to dole out a proper figure at the time, noting that the company was "still watching the market to seek a proper time to implement decisive action." As for logistics, it's highly likely that a little tag-team work with Samsung SDI will take place, while it's also probable that we'll see its 3.5G AMOLED line relocated to its facilities in "Paju, Gyeonggi Province, following the relocation of the two-generation production line in Gumi." So, LG -- now that we know you're all gung ho, might we see that 32-inch OLED TV before 2011?
Apple shares reach year's best
MarketWatch is reporting that Apple's shares reached a 52-week high of $87.95 today, apparently fueled by furious rumors of - you guessed it - an iPhone. I'm sure the report that Hon Hai received a manufacturing order from Apple for just such a device isn't doing anything to stop people from losing their investing sense either. If the iPhone is really going to happen, the word on the street hasn't changed from "the first half of next year" yet, unless you consider this latest momument to craptastic journalism from AppleInsider about a second iChat-based iPhone already in the works (seriously guys: try drawing the line somewhere - for once).As usual, you'll hear more as soon as we do.[via MacMinute]
