Browsing: billion

Amazon will fully fund college tuition for over 750,000 of its frontline employees, the e-commerce giant said on Thursday, stepping up its efforts to attract and retain workers in a tight domestic labor market. It plans to spend about $1.2 billion in the next four years on its US employees, funding full college tuition and…

Reddit is looking to hire investment bankers and lawyers as part of its plans to go public early next year at a value of more than $15 billion, Reuters reported Thursday.  Reddit most recently raised money in a private fundraising round in August at a valuation of $10 billion — meaning that an IPO at…

Zoom’s stock tanked Monday morning after the video conferencing company revealed plans to buy call center software company Five9 for $14.7 billion. An hour after markets opened, Zoom shares were trading down 3.9 percent at $348.00, according to MarketWatch data, while the tech-heavy Nasdaq composite index was down just 1.5 percent.  Meanwhile, shares of Five9…

A bipartisan group of US lawmakers on Wednesday introduced legislation calling for $100 billion in government spending over five years on basic and advanced technology research and science in the face of rising competitive pressure from China. The measure, sponsored by Senate Democratic Leader Chuck Schumer, Republican Senator Todd Young and others, would also authorize…