Devika Syamnath on Muck Rack

Devika Syamnath

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Articles

Strategy's Value Falls below Bitcoin Holdings as Crypto Sours

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By Shashwat Chauhan, Devika Syamnath
| GuruTrade
The mNAV ratio falls below 1 for the first time Strategy recently reported first bitcoin sale since 2022 Co's market cap has more than halved from its 2024 peak June 29 (Reuters) - Strategy's enterprise value has fallen below the ​value of its bitcoin holdings for the first time, a milestone that threatens to weaken investor confidence in ‌the Michael Saylor-founded company's long-running cryptocurrency bet.
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Martin Marietta to Buy Lhoist North America in $13.5B Deal

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By Anshuman Tripathy Verified, Devika Syamnath
| GuruTrade
Martin Marietta to fund the deal with $7 billion cash and $6.5 billion in shares The Berghmans family would own roughly 15% of Martin Marietta after deal closes Deal would ​add 2 billion tons of limestone reserves in Sun Belt corridors June 29 (Reuters) - Martin Marietta Materials said on Monday it would merge with limestone supplier Lhoist North America in a cash-and-stock deal worth $13.5 billion, as the building ​materials firm looks to tap growing demand for lime products.
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Meta launches cheaper range of AI smart glasses starting at $299

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By Zaheer Kachwala, Joyjeet Das, Devika Syamnath
| bbc.bm
The new Meta Glasses start at $299, making them far more affordable than the $800 Ray-Ban Display glasses launched last year International News via Reuters: Meta Platforms and EssilorLuxottica on Tuesday announced a new range of lower-cost AI smart glasses, building on the success of their Ray-Ban wearable devices. The new Meta Glasses start at $299, making them far more affordable than the $800 Ray-Ban Display glasses launched last year.
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