Elizabeth Holmes, founder and CEO of Theranos, arrives at the federal courthouse for jury selection in her trial, Tuesday, Aug. 31, 2021, in San Jose, Calif. Nic Coury | AP SAN JOSE, Calif. — In public, Elizabeth Holmes was dubbed the next Steve Jobs on the cover of Inc. magazine in 2015, but in private
Tech
In this article FB A person using Instagram. Lorenzo Di Cola | NurPhoto via Getty Images Facebook has repeatedly found that its Instagram app is harmful to a number of teenagers, according to a Wall Street Journal report published Tuesday. The Journal cited Facebook studies over the past three years that examined how Instagram affects
In this article GOOGL David Gray | Bloomberg | Getty Images South Korea’s competition regulator on Tuesday announced it will fine Google 207.4 billion Korean won ($176.9 million) for allegedly using its dominant market position in the mobile operating system space to stifle competition. Google’s Android operating system currently holds the lion’s share of the
In this article GOOGL The logo of Google Play is seen on a screen. Alexander Pohl | NurPhoto | Getty Images Wall Street analysts on Monday began to provide early reactions into how a recent ruling in Epic’s lawsuit against Apple might impact Google. On Sept. 10, a judge ruled Apple can’t prohibit developers from
In this article AAPL Tim Cook Source: Apple Apple is holding its annual iPhone event on Tuesday, the company’s seventh virtual launch in a row due to the ongoing pandemic. The company is expected to introduce new iPhones and updates to its AirPods and Apple Watch, according to analysts. Apple’s hype-filled fall launches are a
In this article BABA The Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Jan. 20, 2021. Qilai Shen | Bloomberg | Getty Images Beijing plans to break up Ant Group’s Alipay and create a separate app for the fintech giant’s loans business, according to a Financial Times report on Monday. Regulators previously ordered Ant
In this article EL-FR FB A LinkedIn photo of Facebook exec Andrew “Boz” Bosworth. Facebook’s Andrew “Boz” Bosworth, who runs the company’s hardware business, said Friday that the ability to take pictures will be a standard feature for glasses within a decade. Bosworth’s comments on his podcast came a day after the launch of Ray-Ban
In this article MSFT Satya Nadella, chief executive officer of Microsoft Corp., gestures as he speaks during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 24, 2018. World leaders, influential executives, bankers and policy makers attend the 48th annual meeting of the World Economic Forum
In this article AAPL Tim Cook, chief executive officer of Apple Inc., center, arrives at U.S. district court in Oakland, California, on Friday, May 21, 2021. Nina Riggio | Bloomberg | Getty Images Apple prevailed on nine of 10 counts in its trial against Epic Games on Friday, but federal Judge Yvonne Gonzalez Rogers issued
In this article CRM Marc Benioff, Chairman and CEO of Salesforce.com speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galica | CNBC Salesforce told thousands of employees in a Slack message on Friday that if they and their families are concerned about the ability to access reproductive care in the
In this article FB Facebook CEO Mark Zuckerberg Chesnot | Getty Images News | Getty Images Facebook this week announced a $100 million commitment to a program that supports small businesses owned by women and minorities by buying up their outstanding invoices. By buying up outstanding invoices, the Facebook Invoice Fast Track program puts money
In this article AMZN Dallas Cowboys wide receiver Brandon Smith during the game between the Dallas Cowboys and the Jacksonville Jaguars Matthew Pearce | Icon Sportswire | Getty Images Amazon is in talks to acquire the rights for the National Football League’s “Sunday Ticket” package and is seen as the front-runner by others involved in
Judge Yvonne Gonzalez Rogers handed down a decision in a closely-watched trial between Apple and Epic Games on Friday. Rogers issued an injunction that said that Apple will no longer be allowed to prohibit developers from providing links or other communications that direct users away from Apple in-app purchasing, of which it takes 15% to
Jim Lanzone speaks during the Web Summit 2018 in Lisbon, Portugal on November 8, 2018. Pedro Fiúza | NurPhoto | Getty Images Tinder CEO Jim Lanzone will be the new chief of Yahoo, according to a company memo obtained by CNBC Friday. You can read the full memo from former Yahoo boss Guru Gowrappan announcing
Getty Images Amazon said Thursday it will offer to pay 100% of college tuition for its 750,000 U.S. hourly employees. The e-commerce giant is following the lead of other large U.S. companies who are dangling perks like education benefits or more pay to woo workers in a tight job market. Starting in January 2022, Amazon
Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey, U.S., on Wednesday, Dec. 9, 2020. Gabby Jones | Bloomberg | Getty Images Affirm reported better-than-expected fiscal fourth-quarter results after the bell on Thursday, including solid guidance and 71% revenue growth. The stock soared more
In this article WU Ben Hider | Getty Images Entertainment | Getty Images Jaime García really hates using Western Union to send money home to El Salvador. “In this day and age, it is wild that I had to go to a physical Western Union office, give them actual cash, and then hand them another
Prosecutors called Theranos founder and CEO Elizabeth Holmes a liar and a cheat on Wednesday while her attorneys argued that the company’s failure was not a crime. “Out of time, out of money, Elizabeth Holmes decided to lie,” Robert Leach, an assistant U.S. attorney, said while laying out the case that Theranos ran out of
In this article TWTR Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Twitter announced Wednesday it is testing
In this article AMZN A Whole Foods locaton in downtown Denver. John Leyba | Denver Post | Getty Images Amazon is bringing its automated checkout technology to a pair of Whole Foods stores, the company announced Wednesday, marking the latest test of the grab-and-go system in a full-size supermarket. In a blog post, Amazon said
In this article DIS Hulu Rafael Henrique | SOPA Images | LightRocket | Getty Images Hulu confirmed Tuesday it’s raising prices for its on-demand plans, following $1 price hikes by its sister services Disney+ and ESPN+. Hulu’s most-popular plan, the ad-supported option, will cost $6.99 per month, up a dollar. Its ad-free version will cost
In this article F AAPL Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters DETROIT – Ford Motor has hired former Tesla and Apple executive Doug Field as its chief advanced technology and embedded systems officer, the company announced
In this article BTC.CB= A Chivo Bitcoin automated teller machine (ATM) at the Multiplaza Mall in San Salvador, El Salvador, on Saturday, Aug. 28, 2021. El Salvador began installing Bitcoin ATMs, allowing its citizens to convert the cryptocurrency into U.S. dollars and withdraw it in cash, as part of the governments plan to make the
In this article ZE594-CN BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China. Evelyn Cheng | CNBC GUANGZHOU, China — BYD sold 61,409 new energy vehicles in August, more than four times the amount sold a year ago, as demand for
In this article 9618-HK Richard Liu, founder and chief executive officer of JD.com. Billy H.C. Kwok | Bloomberg | Getty Images GUANGZHOU, China — JD.com’s founder and CEO Richard Liu is stepping back from day-to-day operations while the Chinese e-commerce giant said it has created a new president role. Xu Lei, who was previously CEO
In this article AAPL AMZN BIDU FB Google CEO Sundar Pichai talks about the company’s third-generation artificial intelligence chips. Source: YouTube screenshot Not content with relying on standard chips that are in high demand, some of the world’s biggest tech firms are developing their own semiconductors. Apple, Amazon, Facebook, Tesla and Baidu are all shunning
Tim Cook, chief executive officer of Apple Inc., center, arrives at U.S. district court in Oakland, California, on Friday, May 21, 2021. Nina Riggio | Bloomberg | Getty Images In the past few weeks, Apple has made several changes to its App Store rules, allowing a larger number of companies to access a lower commission
Rep. Scott Fitzgerald, R-Wis., is seen during a group photo with freshmen members of the House Republican Conference on the House steps of the Capitol on Monday, January 4, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images A Republican lawmaker is readying a bill that would require businesses subsidized by foreign governments to
Zoom In IconArrows pointing outwards Source: Chaddick Institute at DePaul University. Shows U.S. airports only and includes partner airlines. Over the years, Amazon has built up an army of warehouses, shipping hubs, delivery vans and trucks to ensure it can meet its Prime pledge of delivery in two days or less. Amazon’s air fleet, which
In this article MMIT-GB Seventh grade Alabama teacher Sarah Wildes relies on a tool called Checkology to teach her students how to spot real news and misinformation. Courtesy of Sarah Wildes When Sarah Wildes, a seventh grade teacher in Alabama, was asked by a student about the mass confusion surrounding the results of the 2020
In this article UPS FDX AMZN Amazon is on a spending spree to grow its shipping business and isn’t content with only delivering products purchased on its own site. The company is now moving cargo for outside customers in its latest move to compete directly with FedEx and UPS. “They want to be a new
In this article LYFT Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Lyft said Friday it would cover legal fees for drivers on its platform who are sued under Texas’ restrictive abortion law that went into
In this article .SPX MTCH The Match dating application is displayed on an Apple iPhone in an arranged photograph. Andrew Harrer | Bloomberg | Getty Images Shares of Match Group rose more than 8% after hours, following news that the company is joining the S&P 500. As of Sept. 20 the online-dating company will replace
Silhouette of a mobile user seen next to a screen projection of the Apple logo in this picture illustration taken March 28, 2018. Dado Ruvic | Reuters Apple on Friday said it would delay a controversial plan to scan users’ photo libraries for images of child exploitation. “Last month we announced plans for features intended
In this article BABA The front of Alibaba’s Wangjing office in Beijing on Dec. 24, 2020. Costfoto | Barcroft Media | Getty Images GUANGZHOU, China — Alibaba will invest 100 billion yuan ($15.5 billion) over the next few years into “common prosperity” initiatives, joining a chorus of technology giants pouring money into President Xi Jinping’s
In this article BMBL MTCH Whitney Wolfe Herd speaks onstage in Dana Point, California. Joe Scarnici | Getty Images Entertainment Companies behind the largest U.S. dating apps are reacting to Texas’ restrictive abortion law that was allowed to go into effect this week by the Supreme Court. Bumble, based in Austin, said it was creating
Daniel Ek, chief executive officer and co-founder of Spotify AB, stands for a photograph after a news conference in Tokyo, Japan, on Thursday, Sept. 29, 2016. Akio Kon | Bloomberg | Getty Images Spotify shares were up more than 6% on Thursday after Apple announced that it would relax App Store rules that the streamer
In this article 9868-HK NIO L87A-FF GUANGZHOU, China — Nio and Xpeng deliveries dropped in August as the chip shortage and supply chain constraints hit the Chinese electric vehicle makers. Li Auto was the only company out of the three to register month-on-month growth. Nio delivered 5,880 vehicles in August, down from 7,931 cars in July.
In this article TWTR Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Twitter on Wednesday launched Super Follows, a feature that allows select users to
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