Reed Hastings, co-founder and CEO of Netflix, attends a meeting with France’s President Emmanuel Macron during the “Choose France” summit, at the Chateau de Versailles, outside Paris, France, January 20, 2020. Benoit Tessier | Pool | Reuters The purported plot of the streaming wars goes as follows: Sick of losing customers and relative market value
Tech
Fifty and twenty pounds bank notes and a bitcoin logo are seen in this photo illustration. Omar Marques | SOPA Images | LightRocket via Getty Images LONDON — Britain is the latest country to join a global race toward central bank digital currencies. “We’re launching a new taskforce between the Treasury and the Bank of
In this article CNY= BOAO, China — China is trying to make it possible for foreign athletes and visitors to use its digital currency during the Beijing Winter Olympics in 2022, a top central bank official said on Sunday. It could be the first test for China’s digital currency with international users. Li Bo, deputy
A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York. Lucas Jackson | Reuters Two men died in a Tesla crash in Spring, Texas on Saturday night, and apparently nobody was behind the wheel, according to local police interviewed by reporter Deven Clarke at NBC affiliate KPRC 2.
Airbnb co-founder and CEO Brian Chesky told CNBC he’s “really proud” of what one of the company’s first software engineers has gone on to accomplish since leaving the online home-rental marketplace. That former Airbnb employee is Brian Armstrong, co-founder and CEO of Coinbase. The cryptocurrency exchange went public and soared in a direct listing Wednesday,
Peloton Co-Founder and CEO John Foley speaks during the TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco. Kimberly White | Getty Images The U.S. Consumer Product Safety Commission on Saturday said consumers should stop using the Tread+ treadmill from exercise equipment maker Peloton if small children or pets are
In this article AMZN Still from “Lord of the Rings: The Fellowship of the Ring.” New Line Cinema Amazon’s “Lord of the Rings” television show is shaping up to be a costly endeavor for the tech company. On Friday, New Zealand’s minister for economic development and tourism revealed that the fantasy drama will be one
In this article DOGE.CM= A visual representation of dogecoin and other cryptocurrencies. Yuriko Nakao | Getty Images Dogecoin started out as a joke. Now it’s a top-10 digital currency worth $34 billion. The cryptocurrency is based on the “Doge” meme, which rose to popularity in late 2013. The meme portrays a Shiba Inu dog alongside
In this article AMZN People protest in support of the unionizing efforts of the Alabama Amazon workers, in Los Angeles, California, March 22, 2021. Lucy Nicholson | Reuters Amazon last week soundly defeated a union drive at one of its Alabama warehouses, a major win for the e-commerce giant which has long fought unionization attempts
Anthony Casalena, founder and CEO, Squarespace Source: Squarespace Squarespace, which makes software for people to build websites, on Friday filed to go public on the New York Stock Exchange under the symbol “SQSP.” The company is eschewing a traditional initial public offering, where it would issue new shares to institutional investors to raise new capital,
In this article CZR DKNG Lawrence Guy #93 of the New England Patriots sacks Jimmy Garoppolo #10 of the San Francisco 49ers during the first quarter of the NFL game at Gillette Stadium on October 25, 2020 in Foxborough, Massachusetts. Matt Stone | MediaNews Group | Getty Images The National Football League is officially open
In this article GOOGL Google Earth Google Google Earth received its first big update since 2017 on Thursday. The highlight is a new Timelapse feature that lets you see how much the earth has changed in the past 37 years, and it’s pretty stunning what you can find. With Google Earth Timelapse you can search
Amazon Founder and CEO Jeff Bezos Mark Ralston | AFP | Getty Images In his final letter to shareholders, Amazon CEO Jeff Bezos said Thursday that the company needs to “do a better job for our employees.” Bezos pointed to the recent union election outcome at one of Amazon’s Alabama warehouses as an example of
In this article AAPL AMZN Amazon’s second-generation Echo Buds Amazon Amazon on Wednesday announced the second version of its Echo Buds headphones that are smaller and start at $99 while promising some of the features found in Apple‘s $249 AirPods Pro. The earbuds are Amazon’s latest effort to lure people who don’t want Apple and
In this article COIN Fred Wilson David Orrell | CNBC By 2013, venture capitalist Fred Wilson had established himself as a preeminent investor in consumer tech, having made early and highly lucrative bets on Twitter, Zynga, Etsy and Tumblr. In May of that year, he took a slight sideways turn. “We have been thinking about
In this article COIN Coinbase shares were indicated to open at about $350 per share on the Nasdaq Wednesday morning after providing a reference price of $250 per share Tuesday evening. Shares are expected to start trading Wednesday afternoon. Skirting the traditional IPO process, Coinbase will list its stock directly, allowing employees and existing shareholders
In this article 700-HK 9988-HK 3690-HK 9888-HK 9618-HK A man holding a phone walks past a sign of Chinese company ByteDance’s app TikTok, known locally as Douyin, at the International Artificial Products Expo in Hangzhou, Zhejiang province, China October 18, 2019. Reuters BEIJING — ByteDance, Meituan and ten other major Chinese technology companies pledged Wednesday
In this article COIN Brian Armstrong, co-founder and chief executive officer of Coinbase Inc. David Paul Morris | Bloomberg | Getty Images Coinbase is poised to command an astronomical valuation when the digital currency exchange goes public on Wednesday. But ask 10 market experts how the company should be valued and you’ll likely get 10
In this article COIN The Coinbase cryptocurrency exchange application seen on the screen of an iPhone. Getty Images Bitcoin surged to a fresh record high of more than $62,000 on Tuesday, as investors awaited the highly-anticipated stock market debut of cryptocurrency exchange Coinbase. The price of bitcoin climbed more than 4% in the last 24
In this article 2303-TW 2330-TW Taiwanese chipmakers are ahead of their international rivals and it will be tough for U.S. tech companies to reduce their reliance on Taiwan, said Sebastian Hou from CLSA. Tech firms like Apple, Amazon, Google as well as Qualcomm, NVIDIA and AMD rely heavily on Taiwanese contract manufacturers to produce up
In this article GOOGL Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. The conference brings together industry experts to discuss the future of cloud computing. Michael Short | Bloomberg | Getty Images Google maintains
Microsoft CEO Satya Nadella looks on during a panel session on day three of the World Economic Forum in Davos, Switzerland, on Jan. 24, 2019. Jason Alden | Bloomberg | Getty Images Microsoft announced Monday that it will buy speech recognition company Nuance Communications for $56 per share, about 23% above its closing price Friday.
In this article 9988-HK The signage is seen at Alibaba Group headquarters during the company’s 11.11 Singles’ Day global shopping festival in Hangzhou, Zhejiang province, China, November 11, 2020. Aly Song | Reuters GUANGZHOU, China — Alibaba shares in Hong Kong jumped more than 5% on Monday after the company was fined 18.23 billion yuan
Microsoft CEO Satya Nadella speaks during the Future Decoded Tech Summit in Bengaluru, India, on Feb. 25, 2020. Samyukta Lakshmi | Bloomberg | Getty Images Microsoft is in advanced talks to acquire speech-recognition company Nuance Communications, a person familiar with the discussions told CNBC on Sunday. A transaction could be signed as early as Sunday
In this article TPT-GB Topps baseball cards Ari Levy | CNBC On a recent family ski trip in California, my kids and I popped into an old baseball card shop in the city of Sonora, a former gold mining town in the Sierra Nevada foothills. As a former rabid card collector, I lit up when
In this article T INTC GM GOOGL President Joe Biden holds a chip as he speaks prior to signing an executive order aimed at addressing a global semiconductor shortage, in the State Dining Room at the White House in Washington, U.S., February 24, 2021. Jonathan Ernst | Reuters Chief executives from companies including Google parent
Source: goPuff Coming off a boom year for the tech industry, investors spent the early part of 2021 pouring money into food delivery companies, online brokerages and Elon Musk’s SpaceX, leading to a record quarter for U.S. venture funding. Venture-backed companies raised $64 billion in the first three months of the year, according to analysis
In this article TSLA Lithium-ion batteries are everywhere — in phones, laptops, tablets, cameras and increasingly cars. Demand for lithium-ion batteries has risen sharply in the past five years and is expected to grow from a $44.2 billion market in 2020 to a $94.4 billion market by 2025, mostly due to the boom in electric
Exterior of Alibaba Group Beijing Headquarters on November 10, 2019 in Beijing, China. VCG | Visual China Group | Getty Images Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant. In a Saturday statement, China’s State Administration for Market Regulation accused Alibaba of abusing
In this article FB Chris Cox Asa Mathat | Re/code Facebook Chief Product Officer Chris Cox got paid approximately $69 million to rejoin the social media company in 2020. Cox rejoined Facebook in June 2020 after a more than one year hiatus away from the company. Cox is a key moral leader at Facebook and
An Amazon-sponsored billboard urging employees to return their unionization ballots is seen on March 28, 2021 in Bessemer, Alabama. Elijah Nouvelage | Getty Images The National Labor Relations Board on Friday will resume counting ballots at 9:30 a.m. ET in the historic union election at one of Amazon’s Alabama warehouses. With roughly half of the
In this article VZ FKWL Verizon CEO Hans Vestberg speaks on the floor at the New York Stock Exchange, October 22, 2019. Brendan McDermid | Reuters Verizon is recalling 2.5 million hotspot devices after discovering that the lithium ion battery can overheat, creating a fire and burning hazard. The recall impacts Ellipsis Jetpack mobile hotspots
An RWDSU union rep holds a sign outside the Amazon fulfillment warehouse at the center of a unionization drive on March 29, 2021 in Bessemer, Alabama. Elijah Nouvelage | Getty Images Counting began on Thursday in the unionization vote for workers at Amazon’s warehouse in Bessemer, Alabama, culminating months of a hard fought effort to
Nineteen Eighty-Fortnite ad Epic Games On Wednesday, Apple and Epic Games laid out in separate dueling legal filings what they consider to be the key facts and main legal issues ahead of an antitrust trial that’s scheduled to start in May. Apple and Epic Games, best known for its game Fortnite, have been in a
In this article TSLA This photo of a production version of Tesla’s Model Y was included in the company’s Q4 2019 earnings report. Tesla Tesla has refunded customers who they charged twice for new vehicle purchases made at the end of the first quarter, CNBC has learned. The refunds followed CNBC’s reporting on the duplicate
Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference (WWDC) at Steve Jobs Theater in Cupertino, California. Brooks Kraft/Apple Inc/Handout via Reuters iPhones will soon be able to track lost items using a built-in app called Find My, Apple announced on Wednesday. The first products that work with Find
Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020. George Frey | Bloomberg via Getty Images Plaid raised a new round of capital that nearly triples its valuation a few months after a deal to be bought by Visa fell
In this article TCOM Trip.com has filed for a secondary listing in Hong Kong. The Chinese travel booking site is already listed on the Nasdaq in the U.S. Rafael Henrique | SOPA Images | LightRocket | Getty Images GUANGZHOU, China — Chinese travel booking site Trip.com has filed for a secondary listing in Hong Kong,
Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch In preparation for its debut on the Nasdaq next week, cryptocurrency exchange Coinbase said on Tuesday that first-quarter revenue climbed about nine-fold from last year, driven by a historic rally in the price of bitcoin. Revenue
An Amazon-sponsored billboard urging employees to return their unionization ballots is seen on March 28, 2021 in Bessemer, Alabama. Elijah Nouvelage | Getty Images Amazon workers around the world are anxiously awaiting the results of a high-stakes union election at one of the company’s warehouses in Bessemer, Alabama. Last Monday, voting wrapped up in the
Tim Cook announces iPhone 11. Source: Apple Apple CEO Tim Cook hinted at the company’s work in autonomous vehicles, following recent reports that the company is in renewed talks to develop its own car. “The autonomy itself is a core technology, in my view. If you sort of step back, the car, in a lot
In this article ORCL GOOGL Oracle Chairman Larry Ellison Getty Images Google parent Alphabet plans in the coming weeks to stop using Oracle financial software and instead start using software from SAP, CNBC has learned. Alphabet and Google core financial systems will move to SAP in May, Google told employees in an email that CNBC
In this article AMZN Amazon.com founder and CEO Jeff Bezos. Getty Images The National Labor Relations Board (NLRB) has found Amazon illegally retaliated against two of its most outspoken internal critics when it fired them last year, The New York Times reported on Monday. Last April, Amazon fired Emily Cunningham and Maren Costa, two former
In this article LI NIO XPEV ZE594-CN TSLA Xpeng CEO He Xiaopeng stands next to the company’s P7 electric sedan as he addresses media at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Two of China’s U.S.-listed electric car start-ups beat market expectations in their March deliveries, with both companies setting quarterly records.
In this article .FTFCNBCA ROO-GB LSEG-GB Deliveroo CEO Will Shu. Aurelien Morissard | IP3 | Getty Images LONDON – Tens of thousands of amateur investors have been left wondering whether they were right to snap up the stock of food delivery app Deliveroo. Shares of British start-up Deliveroo on Wednesday crashed by more than a
A man counts 100 renminbi notes with the Chinese flag in the background. Sheldon Cooper | SOPA Images | LightRocket | Getty Images GUANGZHOU, China — Interest in China’s digital yuan project could in part be driven by the surging price of bitcoin, China’s central bank said Thursday, even as the cryptocurrency is effectively banned
After five and half years leading Waymo, John Krafcik announced Friday he is stepping down from his role, leaving the company to two co-CEOs Tekedra Mawakana and Dmitri Dolgov. Krafcik has overseen the company’s biggest milestones, its rebranding to Waymo, partnerships and raised outside funding all while leading enthusiasm through the ranks. But Krafcik’s departure
Amazon drivers begin their delivery routes as workers at an Amazon warehouse in Staten Island, New York prepare to walk off their jobs demanding stepped-up protection and pay after several workers at the facility were diagnosed with COVID-19. Paul Hennessy | Barcroft Media | Getty Images Amazon issued an apology on Friday to Rep. Mark
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