Uber Technologies (NYSE: UBER) recognized this disconnect and created a one-stop shop for commuters to hail a ride on demand. The convenience factor and some savvy marketing allowed Uber to raise billions of dollars in venture capital as a private company. Since then, Uber's stock price has mimicked that of a yo-yo, soaring high and crashing low. Read More...
TheStreet.com
MicroStrategy Sells Bitcoin For the First Time
MicroStrategy, the company of Michael Saylor, one of the most fervent evangelists of Bitcoin, has sold the king of cryptocurrencies. The firm said it bought approximately 2,395 bitcoins for approximately $42.8 million in cash, at an average price of approximately $17,871 per bitcoin, inclusive of fees and expenses, between November 1 and December 21. The transaction was made at an average price of approximately $17,871 per bitcoin, inclusive of fees and expenses.
