Tech

In this article FB Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Facebook on Tuesday announced that it will be putting an end to its facial recognition system amid growing concern from users and regulators. The social network, whose parent

In this article 700-HK The Fortnite logo displayed on a smartphone with the flag of China shown in the background. Budrul Chukrut | SOPA Images | LightRocket | Getty Images Fortnite is calling it quits in China. The wildly popular battle-royale game, developed by Epic Games, will shut down its local Chinese version on Nov.

In this article BABA 9618-HK Alibaba said its total gross merchandise value (GMV) over the Singles Day event, which spanned 11-days, totalled 498.2 billion yuan or $74.1 billion. That beat last year’s 268.4 billion yuan figure. Alibaba GUANGZHOU, China — The biggest shopping event in the world, Singles Day, is underway but China’s e-commerce giants

Rivian R1T electric truck Source: Rivian Electric vehicle start-up Rivian Automotive is targeting a valuation of more than $60 billion in its initial public offering, sources familiar with the matter confirmed to CNBC. Rivian plans to go public as soon as next week and the valuation could shift by then, those sources said. It plans

In this article NIO 9868-HK L87A-FF A Nio ES6 vehicle is on display during the 18th Guangzhou International Automobile Exhibition on November 20, 2020 in Guangzhou China. Visual China Group | Getty Images GUANGZHOU, China — Nio’s deliveries of cars to customers in October fell sharply as supply chain issues and changes to its manufacturing

Mark Zuckerberg wearing the Oculus virtual reality headset. Glenn Chapman | Getty Images Facebook is no longer Facebook. The company announced its new corporate name, Meta, on Thursday, a signal CEO Mark Zuckerberg plans to steer the company beyond traditional social media and build what he believes will be the next wave of personal computing

Riot’s Whinstone mine in Rockdale, Texas. Riot’s Whinstone Data Center ROCKDALE, Texas – In this rural Texas town of 5,600 people, two of the biggest names in bitcoin mining are battling it out for market share and cheap electricity. These rivals also happen to be next-door neighbors. Bitdeer – a firm spun off from Chinese

An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background. Amazon Amazon on Friday announced a sizable stake in Rivian Automotive, a start-up developing electric vehicles, including the retail giant’s commercial delivery vans. As of Sept. 30, 2021, Amazon held equity investments, “including preferred stock of Rivian

Small toy figures are seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken, October 28, 2021. Dado Ruvic | Reuters In June 2018, Oculus executive Jason Rubin sent an email to Facebook board member Marc Andreessen with the subject line “The Metaverse.” “We believe that the right way to break

In this article NXPI GlobalFoundries campus in Malta, N.Y. Mary Thompson | CNBC Semiconductor manufacturer GlobalFoundries debuted on the Nasdaq this week, valued at over $25 billion, as it became increasingly evident that a global chip shortage could persist through 2023 or later. Now GlobalFoundries needs to convince public market investors that the company is

Tim Cook Source: Apple Apple’s products compete as gaming platforms with Sony Playstation, Microsoft Xbox and Nintendo, the company said on Friday in a regulatory filing. Previously, Apple only said it competed against Google‘s Android in smartphones and Microsoft Windows in PCs for the attention of software developers. Apple’s competitors were an important topic in

In this article AAPL MSFT Dado Ruvic | Reuters Microsoft passed Apple in market cap on Friday, making it the world’s most valuable publicly-traded company, after Apple missed earnings expectations on Thursday. As of 10:30 a.m. ET Microsoft had a market cap of $2.45 trillion while Apple’s stood at about $2.41 trillion. Apple reported revenue

In this article FB A pedestrian walks in front of a new logo and the name ‘Meta’ on the sign in front of Facebook headquarters on October 28, 2021 in Menlo Park, California. Justin Sullivan | Getty Images With its name change to Meta, the company formerly known as Facebook is trying to eliminate what

In this article AMZN Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will report third-quarter earnings after the market close on Thursday. Here’s what analysts are expecting: Earnings: $8.92 per share, according to analysts

In this article AAPL Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs.   Apple fell over 4% in extended trading.   “We had a very strong performance despite larger than expected supply constraints, which we estimate to

In this article EDR Jodie Comer and Sandra Oh attend the premiere of BBC America and AMC’s ‘Killing Eve’ at ArcLight Hollywood on April 01, 2019 in Hollywood, California. Emma McIntyre | Getty Images Endeavor Content, the studio behind TV series including “Killing Eve” and “Nine Perfect Strangers,” is soliciting second-round bids valuing the company

SoftBank Group Corp. Chairman and Chief Executive Officer Masayoshi Son speaks during a press conference on November 6, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images SoftBank has invested $25 million in an Israeli venture capital platform called OurCrowd in exchange for an undisclosed stake in the company. The Japanese tech giant’s investment, announced

In this article AMZN Amazon bought the naming rights to rename Key Arena to Climate Change Arena. Source: NHL Seattle If Amazon is going to achieve its goal of net-zero carbon emissions by 2040, it’s going to need to rely on new technology. To spur the process along, the company has a $2 billion venture

In this article DOGE.CM= A physical dogecoin token is seen with the logo of rival cryptocurrency shiba inu displayed in the background. Jakub Porzycki | NurPhoto | Getty Images Shiba inu, a dogecoin spin-off, is close to surpassing Elon Musk’s favorite cryptocurrency. The digital token has surged 28% in the last 24 hours, according to

In this article MSFT Satya Nadella, chief executive officer of Microsoft Corp. David Paul Morris | Bloomberg | Getty Images Microsoft shares edged 1% higher in extended trading Tuesday after the software and hardware maker reported fiscal first-quarter earnings that exceeded analysts’ estimates. Here’s how the company did: Earnings: $2.27 per share, adjusted, vs. $2.07

In this article GOOGL Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Alphabet reported profit and earnings for the third quarter that topped analysts’ estimates. The company’s shares were little changed after the report.

Federal Communication Commission Commissioner Jessica Rosenworcel testifies before the House Energy and Commerce Committee’s Communications and Technology Subcommittee in the Rayburn House Office Building on Capitol Hill December 05, 2019 in Washington, DC. Chip Somodevilla | Getty Images President Joe Biden announced his nominees to the Federal Communications Commission Tuesday, ending the historically long waiting

In this article TSLA Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters BEIJING — Tesla’s sales in China are now nearly half the size of what the automaker sells in the United States. Elon Musk’s electric car company reported

In this article FB Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Zuckerberg testified about Facebook’s proposed cryptocurrency Libra, how his company will handle false and misleading information by political leaders during the 2020 campaign

In this article FB Mark Zuckerberg, chief executive officer and founder of Facebook Inc., arrives for a House Financial Services Committee hearing in Washington, D.C., Oct. 23, 2019. Andrew Harrer | Bloomberg | Getty Images The Facebook Papers, a series of articles published by a consortium of 17 U.S. news outlets beginning on Friday, shed

In this article PYPL PINS The PayPal app shown on an iPhone. Katja Knupper | DeFodi Images | Getty Images U.S. payments giant PayPal said Sunday that it is not currently interested in buying social media platform Pinterest. Responding to what it called “market rumors,” the financial technology company said in an update on its

In this article 9868-HK HT Aero, an affiliate of Chinese electric carmaker Xpeng Inc., launched a new vehicle capable of flying in the air and driving on roads. The launch of HT Aero’s 6th–generation model happened at the Xpeng Tech Day on Sunday, October 24, 2021. Xpeng GUANGZHOU, China — HT Aero, an affiliate of

In this article 9868-HK A new Xpeng P7 car is shown in the Xpeng Motors flagship store in a shopping mall. Xpeng P7 is one of the two popular models of Xpeng motors. Zhang Peng | LightRocket | Getty Images GUANGZHOU, China — Chinese electric car start-up Xpeng released updates for its semi-autonomous driving system

Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Tesla shares hit an all-time high on Friday, surging above $900 a share nearly two days after the company reported record revenue and profits in the third quarter. The

In this article GOOGL ROKU A Roku Inc. remote in an arranged photograph in Hastings-on-Hudson, New York, U.S., on Sunday, May 2, 2021. Tiffany Hagler-Grear | Bloomberg | Getty Images YouTube is leaving Roku. And now the fight between the two companies has caught the attention of members of Congress attempting to push their Big

Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Software company Adobe told U.S. employees Friday that they have to be vaccinated against Covid-19 by Dec. 8 or they will be placed on unpaid leave. In an email to employees viewed by CNBC, Adobe said the policy

In this article FB With an image of himself on a screen in the background, Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Chip Somodevilla | Getty Images Facebook on Friday was hit with multiple

Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, on Tuesday, Oct. 12, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A third juror was dismissed in Elizabeth Holmes’ criminal trial on Friday for what the judge said was “good cause.” That leaves only

Peter Thiel, co-founder and chairman of Palantir Technologies Inc., speaks during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images LONDON — Tech billionaire Peter Thiel believes that people should be more worried about “surveillance AI” rather than artificial general intelligences, which are hypothetical AI systems

In this article SNAP In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Snap stock fell 25% after reporting its third-quarter earnings on Thursday. The company’s revenue missed

In this article DISCA In this photo illustration the HBO Max and Discovery Communications logo seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images When Discovery Chief Executive Officer David Zaslav takes control of WarnerMedia in 2022, assuming regulatory approval, he may hear a surprising yet consistent message from current executives of

Peter Thiel Adam Jeffery | CNBC Peter Thiel, the co-founder of PayPal and Palantir, has said he feels like he’s underinvested in bitcoin as the world’s most popular cryptocurrency climbed to an all time high of just over $66,000 per coin. Speaking at an evening event in Miami on Wednesday, just hours after bitcoin hit

In this article TSLA Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tesla reported third-quarter earnings after the bell Wednesday, and it’s a beat on both the top and bottom lines. Here are the results. Earnings per share

In this article PYPL PINS PayPal is in late-stage talks to buy social media company Pinterest, a person familiar with the matter told CNBC. This person asked to remain anonymous because the deal discussions were confidential. Shares of Pinterest soared Wednesday after Bloomberg first reported that PayPal may acquire the social media company. The company’s

In this article BABA Jack Ma, founder of Alibaba Group, attends opening ceremony of the 3rd All-China Young Entrepreneurs Summit on September 25, 2020 in Fuzhou, Fujian Province of China. Lyu Ming | China News Service via Getty Images GUANGZHOU, China — Alibaba’s Hong Kong shares rallied as much as 9% on Wednesday following reports

Scene from “Squid Game” by Netflix Source: Netflix It may seem like every American you know has watched “Squid Game,” but the show’s popularity has not yet created a surge of new Netflix subscribers in the U.S. 142 million Netflix subscribers have seen at least two minutes of the wildly popular South Korean drama, Netflix

The Coinbase cryptocurrency exchange app pictured on the screen of an iPhone on February 12, 2018. Chesnot | Getty Images The National Basketball Association is preparing  for its 75th anniversary on Tuesday. But it also increased its presence in the cryptocurrency space as it braces for the future. The NBA agreed to its first cryptocurrency

In this article DHER-DE A courier for German grocery delivery start-up Gorillas, on his way to deliver an order in Berlin on July 8, 2021. Tobias Schwarz | AFP via Getty Images LONDON — German food delivery firm Delivery Hero has invested $235 million in Gorillas, an online grocery start-up, as part of a $1

In this article AAPL Apple MacBook Pro Source: Apple Before Monday, the last major redesign for Apple‘s larger MacBook Pros came in 2016, with several features that looked to the future. The 2016 MacBook Pros sported universal USB-C connectors that could power displays and peripherals, a “butterfly” keyboard that allowed the devices to become even

Federal Communication Commission Commissioner Jessica Rosenworcel testifies before the House Energy and Commerce Committee’s Communications and Technology Subcommittee in the Rayburn House Office Building on Capitol Hill December 05, 2019 in Washington, DC. Chip Somodevilla | Getty Images The Federal Communications Commission will soon look at a proposal to block robotexts, the agency announced Monday.

In this article FB In this photo illustration, the Facebook logo is seen on a smartphone screen with the EU flag in the background. Chukrut Budrul | SOPA Images | LightRocket via Getty Images LONDON — Facebook plans to create 10,000 jobs in the European Union over the next five years in a push to

The Klarna logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images LONDON — Swedish fintech firm Klarna on Monday said it is introducing a number of changes to its product in the U.K., as regulators in the country prepare to tighten regulation on the fast-growing “buy now, pay later”

People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq On Oct. 9, 2017, GitLab announced a $20 million funding round led by Alphabet’s GV, formerly known as Google Ventures. The news hit just as larger rival GitHub was about to start its annual developer conference. It was just one instance of