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#Technology Companies

futurumresearch.com

Lumen Sells EMEA Assets to Colt for $1.8B — The Driver Behind That Move and a Look at What’s Ahead for the Company Now

Analyst Take: Lumen’s sale of its EMEA assets to Colt for $1.8 billion didn’t come as a surprise. For several years now, it has been clear that Lumen didn’t like being categorized as a carrier or even simply a network provider, and in July of 2021, the company sold their LATAM business and network assets to Stonepeak for $2.7 billion and made the point very clear. They’ve reiterated their point now by selling their EMEA business (except the CDN and Vyvx products) and network assets to Colt for $1.8 billion.
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rejournals.com

Livestock company moves headquarters to The District development in Kansas

Copaken Brooks is welcoming Vytelle to The District at Lenexa City Center. Vytelle will move its current headquarters from Hermiston, Oregon, to the second floor of Penn II at 8789 Penrose Lane, leasing 2,477 square feet in total. Vytelle is a precision livestock company that is reshaping how cattle producers...
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fxmag.com

The Lack Of Progress In Developing The Necessary Energy Infrastructure Will Be Have Impact On Owners Of Major Technology Companies

Already rising electricity demand is set to explode, not just from the current and planned electrification via EV’s of our transportation fleets, but also due to the ongoing digitalisation of human activity and the exponential growth in data storage and transmission this creates. The data centre infrastructure needed to service the digital economy continues to grow apace and these centres may consume some 20 percent of global energy in coming decades. At the same time, the growth potential for energy looks highly constrained on the one hand by the unacceptably dirty climate-altering legacy fossil fuels and the frustratingly diffuse and intermittent alternatives like wind and solar.
Owensboro Messenger-Inquirer

How High-Interest ‘Rent-a-Bank’ Loans Sidestep State Rate Caps

A Google search for “online loan” returns a list of low-interest personal loans alongside no-credit-check loans with high interest rates. The latter might not be available in many states if it weren’t for the “rent-a-bank” business model. This method of lending involves financial technology companies...
topworldnewstoday.com

The companies that helped create 2022’s ‘crypto winter’

FTX stands apart because, unlike Voyager and Celsius, it is the first major cryptocurrency exchange to topple. Founded in 2019, FTX evolved into a marketplace where, in addition to cryptocurrencies, retail investors could trade cryptocurrency derivatives — complex financial instruments used to make bets on price swings. The company also offered accounts that promised high-yields. During a funding round in January, it was valued at $32 billion. Bankman-Fried, meanwhile, donated to Democratic lawmakers and courted regulators as he pushed regulations that would have largely benefited his business.