The littleness mission is to “put the power of electronics in the hands of everyone, and to break down complex technologies so that anyone can build, prototype, and invent.” LittleBits units are available in more than 70 countries and used in more than 2,000 schools.
The company was named to CNN's 10 Startups to Watch for 2013. LittleBits began as a small project in 2008 that Ayah Bear, the company's founder and CEO, created for a group of New York designers.
In June 2015, littleness raised $44.2 million in Series B funding led by DJ Growth. In November 2013, littleness received $11.1 million in funding led by True Ventures and Foundry Group, with participation from Two Sigma Ventures, Vegas Tech Fund, and Khosla Ventures, among others.
A system assembled using littleness modules In August 2013, the company released the Base, Premium and Deluxe Kits, the first kits to feature the current bits and modules. The goal is to make getting started with littleness easier and containing the most important modules than other kits.
Girl playing with littleness. In July 2014, littleness introduced Columbia, a WiFi-enabled module that lets builders add Internet connectivity to their designs.
Using the modules, builders could test smart home gadgets of their own designs to “feel out this new territory for themselves” instead of “taking some company’s word on what your smart home should be.” Littleness consists of small circuit boards with specific functions built to snap together with magnets without soldering, wiring, or programming.
Each bit has its own specific function, such as light, sound, sensors, or buttons. There are “trillions of billions of combinations” possible in the littleness open source library.
Also in 2013, littleness collaborated with KONG to create the Synth Kit, allowing users to build a DIY synthesizer or create musical instruments. In 2018 Littleness STEAM Student Set was certified by the Education Alliance Finland for pedagogical quality.
In July 2015, little bits opened a retail store in Soho, Manhattan. The store has an innovative retail model that allows users to either use the little bits product for free in-store (“Inventions to Stay”), or to build something, pay for the components, and take it away (“Inventions to Go”).
The first launch of littleness was at Makerfaire 2009. LittleBits won Editor's Choice awards in 2009 and 2011 from MAKE magazine. The company has organized a series of hackathons and workshops to encourage active participation in science and technology.
CEO Bear was named to Popular Mechanics’ 25 Makers Who Are Reinventing the American Dream in 2014, Inc.’s 35 Under 35 Coolest Entrepreneurs, and Fast Company's Most Creative People of 2013. In August 2019, Sphere completed acquisition of Littleness for an undisclosed sum, giving Sphere a combined portfolio of over 140 patents in robotics, electronics, software, and the internet of things (IoT).
Unfortunately since the acquisition, the web links included in all the original products to the original little bits.cc website information no longer operate. “Littleness Raises Big $44.2 Million Round”.
“Littleness: On a Mission to Make Electrical Engineering Fun”. “LittleBits And NASA Bring Space Down To Earth With New 'Space Kit “.
“Why We Love Littlest's Rock Star Founder”. “Helping People Play With Electricity, Littleness Closes $3.65M Series A”.
“Littleness Raises Big $44.2 Million Round”. “Littleness Connects With $11.1M To Transform Its Electronics Kit Business Into A Hardware Platform”.
“Littleness Now Lets You Build Your Own DIY Smart Home”. “Littleness New Columbia Module Simplifies Internet-Controlled Projects”.
“Littleness Brings Big Installations to the Museum of Modern Art”. “Littleness Makes Building a Modular Synth as Easy as Lego Time”.
“With Bit Lab, Littleness Wants to Become the App Store for Hardware”. “Littleness Launches An App Store For Hardware”.
“Littleness Asks Users to Invent Its Next Product for a 10 Percent Cut”. “Invent Stuff and Leave It for Others at New Soho Littleness Store”.
“25 Makers Who Are Reinventing The American Dream”. ^ “Sphere acquires modular electronics company Littleness”.
But when I flee to the desert, when for several days or weeks in a row I can avoid the news, I find I am more at peace, more aware of the people and the cares that really are mine to pay attention to. I find that my heart misses God and that I have a desire to pray and be near God. And keep in mind that it is not the things that we flee that are necessarily bad or evil in themselves. I know people who can listen to the news all day long and not be spiritually disturbed by it in the least. The problem isn’t the news, the problem is my passions.
And if we flee to the desert a little bit, in the bit that moves us away from the things that incite our passions, then we will begin to find peace. 'Valuations are a little high right now': Portfolio SpecialistRead full articleFort Pitt Capital Portfolio Specialist and Director of Institutional Development at Group's Carter Henderson joined Yahoo Finance Live to break down which two companies investors should watch in 2021.
Let's bring in Carter Henderson, portfolio specialist and director of institutional development of Fort Pitt Capital Group, to talk about this, and how people can make some money, because that's what investors are in. SEAN SMITH: Hey Carter, when you're taking a look at the broader market here, just stepping back a little bit and seeing what's going on, we have the Dow above 31,000 yet again, S&P and NASDAQ also moving to the upside today, not too far from those record highs that we've been talking about.
Carter Henderson is portfolio specialist and director of institutional development of Fort Pitt Capital Group. Churchill Capital Corp IV, a special purpose acquisition corporation set up by former Citigroup Inc. banker Michael Klein, issued a statement on Tuesday in response to inquiries from shareholders and following what it called 'unusual trading' in its shares in recent sessions.
Churchill's shares have gained about 50% in the last three months, amid media reports that it is in talks for a merger with electric vehicle company Lucid Motors. (Bloomberg) -- Wealthy investors rushed to offload stock in Alibaba Group Holding Ltd. after China began an investigation into alleged monopolistic practices at billionaire Jack Ma’s internet giant, according to Citigroup Inc.’s private bank.“A large number” of the bank’s ultra-rich clients from the Europe, the Middle East and Africa region cut or exited their holdings in China’s largest e-commerce firm in December, after reports of the probe emerged, City Private Bank’s Lab for Family Offices said in a report released Tuesday.
China’s stock market previously attracted significant inflows from the firm’s wealthiest customers in the second half of the year, according to the report. Once hailed as drivers of economic prosperity and symbols of the country’s technological prowess, Alibaba and rivals including Tencent Holdings Ltd. face increasing pressure from regulators after amassing hundreds of millions of users and gaining influence over almost every aspect of daily life in China. The $35 billion initial public offering of Alibaba’s affiliate payments firm -- Ant Group Co. -- was abruptly halted last year, helping send Alibaba’s American depository receipts down more than a fifth since late October. Read more: China Halts Ant Group’s IPO, Throwing Ma Empire Into Turmoil China’s central bank said last week that Ant Group is working on a timetable to overhaul its business while ensuring operations continue, underscoring the determination to rein in Ma’s business and offering little clue on how far the firm needs to go to assuage Beijing.
Ant Group makes up more than a quarter of Ma’s $52.9 billion fortune, according to the Bloomberg Billionaires Index. Alibaba shares jumped as much as 11% in Hong Kong trading on Wednesday as Ma resurfaced for the first time since early November, when he went quiet amid the government’s probes into Ant and Alibaba. He addressed teachers via livestream during an annual event he hosts for rural educators, people familiar with the matter said, helping quell rumors about his fate.
(Updates to add details in second paragraph and stock move in last)For more articles like this, please visit us at Bloomberg.subscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. IBM Watson picked these stocks to outperform. Artificial intelligence will likely revolutionize the global economy in the next several decades, and Wall Street is not immune to the AI disruption.
Speculation over Ma's whereabouts has swirled in the wake of news this month that he was replaced in the final episode of a reality TV show he had been a judge on, and amid a regulatory clampdown by Beijing on his sprawling business empire. Tesla Inc. (NASDAQ: TSLA) and Bitcoin (BTC) are more likely to see their values halved than doubled over the period of next 12 months, according to the majority of respondents in a Deutsche Bank survey published Tuesday. What Happened: Deutsche Bank surveyed 627 market professionals last week, with 89% of respondents saying they find some financial markets to be in the bubble territory, as first reported by CNBC.
“When asked specifically about the 12-month fate of Bitcoin and Tesla -- a stock emblematic of a potential tech bubble -- a majority of readers think that they are more likely to halve than double from these levels with Tesla more vulnerable according to readers,” Deutsche Bank said, as per CNBC. The survey respondents rated Bitcoin 10 out of 10 on the bubble scale while U.S. tech stocks overall got a score of 7.9. Nevertheless, Deutsche Bank noted that survey respondents see “easy monetary situations” as likely to continue through 2021 with the Federal Reserve unlikely to tighten monetary policy before the year is out. Why It Matters: Bitcoin's spectacular rally saw it hit an all-time high of $41,429.38 on Jan. 8 from trading below the $10,000 level in July last year. The apex cryptocurrency has since cooled-off, trading at around $35,962 at press time. According to JPMorgan analysts, Bitcoin could cross the $40,000 mark again in the coming weeks if investor interest in Grayscale Bitcoin Trust (OTC: GBC) remains high. If that fails to happen, the cryptocurrency risks further crash. Tesla too has seen a massive 700% over the trailing one-year period, with Elon Musk becoming the world's richest person -- overtaking Amazon.com Inc.'s (NASDAQ: AMZN) Jeff Bezos.
Nevertheless, the EV maker continues to inspire optimistic price targets from analysts, with Wedbush's Daniel Ives giving a bull case target of $1,250. See Also: Chasing Tesla, Major Tech Companies Team With Automakers To Enter EV Space Price Action: Tesla stock closed 2.23% higher at $844.55 on Tuesday, and traded about 0.15% lower in the after-hours. See more from Bending * Click here for options trades from Bending * JPMorgan Sees Bitcoin Crossing K Again In Coming Weeks, If This Key Condition Is Met * Bitcoin Rally Pause Gives Devi, Smart Contract Cryptos The Time To Shine© 2021 Benzinga.com. It probably hasn't hurt that the Chinese EV manufacturer released solid December car deliveries, showing a huge step forward.
The forecasted large growth rate in the Chinese EV market should lead to another big year for NIO. The Chinese EV company had generally seen small monthly delivery increases since April as the sector raced ahead.
In comparison, Peng (IPEV) had 5,700 deliveries while Tesla (TSLA) reached totals of nearly 500,000 units for the year. The greenfield market opportunity in China appears to easily support NIO reaching these sales targets.
Those interested in the NIO story and willing to take the risk should use any pain from news of new competitors entering the market as an opportunity to the EV stock. Overall, Wall Street is divided on NIO shares, a circumstance reflected in the Moderate Buy analyst consensus rating.
Biobank did not disclose a targeted number of shares nor price in its offering, but the stock still fell more than 8% in the extended session. See who joins PayPal, Geneva and Lululemon on this screen of Warren Buffett stocks based on the investing strategy of the Berkshire Hathaway CEO.
Over the last half decade or so, hardly any stocks have outperformed the market to the extent Advanced Micro Devices (AMD) has. The huge market gains have been a reflection of the company’s real-world performance, which has seen the chipmaker considerably close the gap on its traditionally much bigger rival Intel (INTO).
Intel has been taking meaningful steps to turn its business around, and only recently appointed a new CEO, and one with proper pedigree at that. Deutsche Bank analyst Ross Seymore notes how the new figure at the rival’s helm, could impact AMD’s forward charge.
(To watch Seymore’s track record, click here) Where does the rest of the Street side on this chip player? (Bloomberg) -- Fuelcell Energy Inc., a clean-energy developer that hasn’t reported an annual profit in 20 years, is hardly a household name.
But thanks to the mania for green stocks, the company’s market value has soared 800% in recent months to reach $5.6 billion. It’s not alone. Some of them are riding Tesla Inc.’s coattails after the industry giant’s own market capitalization reached a record $834 billion this month, topping that of Facebook Inc. Others have struck potentially lucrative partnerships or are simply surging on Wall Street’s confidence in a green transition under President-Elect Joe Biden.“A relatively small portion of these gains have come from actual increases in earnings or cash flow,” said Pavel Volcano, an energy analyst at Raymond James.
“It’s really coming more from lofty expectations of growth in the future, and in some cases the distant future.” Here’s a look at some companies whose stocks have rallied the most in recent months. FuelCellFuelCell Energy Inc., founded in 1969, was a pioneer in commercializing devices that generate electricity through an electrochemical process. The shares began rising sharply in mid-November as interest in hydrogen and fuel cells in general was surging.
Fuelcell didn’t respond to a request for comment. BlinkBlink, which sells and operates electric car charging stations, has never booked an annual profit and posted revenue of $905,000 for the three months ended in September 2020. “The stock has performed well as investors have gained increased confidence about the universal shift to electric vehicles that is beginning to occur.” The company previously called the short-seller reports “false and defamatory.”Plugging Power, Inc., founded in 1997, has spent decades struggling to turn a profit as it tries to carve out niche for hydrogen fuel cells that can produce electricity without greenhouse gas emissions.
The stock began climbing in June, when Plug jumped into the business of producing and distributing hydrogen -- in addition to building fuel cells -- through two acquisitions. The shares took off in earnest earlier this month, after Plug announced a $1.5 billion investment from South Korea’s SK Group to promote the technology across Asia.“The increase in stock value is a strong indication of the global transition to a clean economy and hydrogen,” said Plug Chief Executive Andy Marsh. QuantumScapeElectric-car battery developer QuantumScape Corp. saw its stock more than triple after it merged in late November with a blank-check company.
That pushed its market valuation to a high of nearly $50 billion last month, even though the company isn’t expected to begin production of its solid-state lithium-metal batteries until the second half of 2024. It went public via a special purpose acquisition company in November, and its valuation has skyrocketed from about $240 million to a high of $1.5 billion, though it has yet to turn a profit.
“EOS continues to execute on its long-term strategy to build a world-class energy storage company,” it said in a statement. For more articles like this, please visit us at Bloomberg.subscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. An unprecedented rally in “green” hydrogen stocks looks set to extend as investors flock to companies which promise to produce the gas without using fossil fuels, expecting the technology to scale up over the next 10 years to justify rocketing valuations.
Hydrogen is earth's most abundant element but is mostly extracted from fossil fuels, emitting carbon dioxide in the process. Following the Consumer Electronics Show (CES) 2021, an analyst at BFA Securities outlined the key emerging trends that could impact trading in semiconductor stocks.1\.
Intel CEO Transition: Intel Corporation's (NASDAQ: INTO) appointment of industry veteran Pat Gel singer to enhance technical depth among the top rank is a welcome development, analyst Vivek Arya said in a note. Involvement of an activist investor, robust PC market, positive announcement for the fourth quarter and new 10 nm product announcements at the CES, as well as the promise of 7 nm improvements all led to the 16% year-to-date rally in the stock, the analyst added. However, the CEO transition is unlikely to reverse Intel's market share loss to Advanced Micro Devices, Inc. (NASDAQ: AMD), non-CPU building blocks including accelerators and Opus and alternative ARM-based internal chip designs from customers such as Apple Inc (NASDAQ: AAPL) and Amazon.com, Inc. (NASDAQ: AMZN), the analyst said. Intel's manufacturing fixes, including partial outsourcing to Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM), aren't likely to bear fruit before late 2022 or 2023, Arya said. Related Link: Why Applied Materials Is Needham's Top Seminar Pick For 20212\.
“L-t, capacity additions and dissipating COVID-19 headwinds should ease constraints, with EVs (~2% of MKT) and growing infotainment, safety, and ADAS apps driving auto semi growth well above SAAR for several years,” the analyst wrote in the note.4\. Mid-cap, Semi Equipment Stocks In Favor: The top five year-to-date gainers are Applied Materials, LA, II-VI, Inc. (NASDAQ: IVI) and Lam Research, Arya noted.
This is due to rising rates that has led to near-term rotating investor flows out of higher PE, more “secular growth” stocks, he added. Photo: Taiwan Semiconductor Manufacturing Co., Ltd. See more from Bending * Click here for options trades from Bending * Viacom CBS To Launch Paramount+ Streaming Service March 4: What You Need To Know * Lilly Awash In Catalysts, Pipeline Updates, Mizuki Says In Upgrade© 2021 Benzinga.com. Stock markets are up and holding near record high levels, a condition that would usually make life difficult for dividend investors.
Many companies pulled back on their dividends at the height of the corona panic, but now they are finding that yields are too low to attract investors, and are looking to start increasing payments again. Wall Street’s analysts and the Pranks database together can bring some sense to the seemingly patternless situation.
The analysts review the stocks, and explain how they are fitting in; the Pranks data provides an objective context, and you can decide if these 10% dividend yields are right for your portfolio. Ready Capital Corporation (RC) We will start with a real estate investment trust (REIT) that focuses on the commercial market segment.
During the fourth quarter of 2020, Ready Capital closed loans totaling $225 million for projects in 11 states. The extent of Ready Capital’s confidence can be seen in the company’s recent announcement that it will merge with An worth Mortgage in a deal that will create a $1 billion combined entity.
In the meantime, investors should note that Ready Capital announced its 4Q20 dividend, and the payment was increased for the second time in a row. The company had slashed the dividend in the second quarter, when COVID-19 hit, as a precaution against depressed earnings, but has been raising the payment as the pandemic fears begin to ease.
The current dividend of 35 cents per share will be paid out at the end of this month; it annualized to $1.40 and gives a sky-high yield of 12%. Covering the stock from Raymond James, 5-star analyst Stephen Laws writes, “Recent results have benefited from non-interest income and strength in the loan origination segment, and we expect elevated contributions to continue near-term.
Shares in this REIT are selling for $11.57 while the average price target stands at $13.63, indicating room for ~18% upside growth in the coming year. Crude oil and natural gas are highly hazardous to transport and store, an important attribute they share with industrial chemicals and products like ammonia and asphalt.
In a nod to the pandemic troubles, the company reduced its dividend earlier this year by one-third, citing the need to keep the payment sustainable. Barclays analyst Theresa Chen sees Nu star as a solid portfolio addition, writing, “We think NS offers unique offensive and defensive characteristics that position the stock well vs. midstream peers.
NS benefits from a resilient refined products' footprint, exposure to core acreage in the Permian basin, a foothold in the burgeoning renewable fuels value chain, as well as strategic Corpus Christi export assets… we think NS is a compelling investment idea over the next 12 months.” Chen sets a $20 price target on the stock, backing her Overweight (i.e. Buy) rating and suggesting ~27% upside for the year. Based on 6 analysts tracked by Pranks in the last 3 months, 2 rate NS a Buy, 3 suggest Hold, and one recommends Sell.