Forbes Markets Rewind: Short-selling, Facebook's Fall And Cisco's Fatter Dividend

Tens of thousands of people who gambled on the outcome of the US presidential election are waiting to claim their share of around $450 million in payouts after Donald Trump was elected. However, some may have to wait to collect their winnings until January. According to Reuters, US-based prediction betting exchange Kalshi saw around 28,000 people bet on a Kamala Harris victory, but 40,000 bet on a Trump win.

Matter, the smart home interoperability standard by the Connectivity Standards Alliance, has released the latest 1.4 version of its framework to device makers. The marquee upgrade in the 1.4 version of Matter is its newly improved ‘Enhanced Multi-Admin’. Multi-Admin has been central to Matter’s plans for interoperability between different home automation devices and standards, allowing users to connect different brands of home automation seamlessly in an ecosystem that Matter calls a ‘Fabric’. However, it has been plagued with issues since its launch, particularly about setup.

Jack Dorsey’s Block has shifted its sights on furthering its Bitcoin mining schemes. The ex-Twitter CEO’s cryptocurrency firm appears to be moving with the current political winds, as Donald Trump’s incoming administration brings crypto plans to the table. Block, which owns Square – a point-of-sale tech company – and Cash App, is set to move resources away from other projects to facilitate the initiative.

Whether you are able to relate to this tale or not is going to largely depend on your age, but growing up, Long before the days of 1000s of channel TV, Sunday afternoons used to be taken up between homework and watching American cop shows such as CHiPs – the weekly tale of two California Highway Patrolmen (Baker and Puncherello in case you were wondering).

President-elect Donald Trump is expected to embark on a significant rollback of SEC crypto regulations when he assumes office for the second time in January.  As reported by Bloomberg, the crypto industry will be eagerly awaiting the outcome of the new era in U. S. politics but the major change for the sector will be the anticipated departure of US Securities and Exchange Commission Chair Gary Gensler.  Gensler has been a bulwark of resistance against digital assets, asserting archaic legislation against various companies, despite the much-publicised ambiguity that has reigned in recent times.

TikTok has launched a new collaboration with the music streaming platforms Spotify and Apple Music that allows users to share directly to TikTok. Users can share songs, albums, playlists, and podcasts directly from Spotify or Apple Music (digital service providers, or DSPs) to the short-form video app using the new ‘Share to TikTok’ options in the platforms’ sharing menus. There are two options for sharing.