In this article FB A person using Instagram. Lorenzo Di Cola | NurPhoto via Getty Images Instagram’s addictive content has U.S. lawmakers so concerned that Adam Mosseri, CEO of the social media service, was dragged to Congress for the first time last week, the latest incident in a year of turmoil at the photo-sharing app.
In this article TSLA Maja Hitij | Getty Images News | Getty Images SpaceX and Tesla CEO Elon Musk sold another 934,091 shares of his electric car company, which are worth around $906.49 million, according to a pair of financial filings with the Securities and Exchange Commission published late Monday. He also exercised options to
In this article TSLA Signage is displayed on the Tesla Inc. assembly plant in Fremont, California, on Tuesday, Sept. 22, 2020. David Paul Morris | Bloomberg | Getty Images Local police and fire departments said that a suspicious death occurred at the Tesla factory parking lot in Fremont, California, on Monday afternoon. CNBC reached out
The site of a roof collapse at an Amazon.com distribution center in Edwardsville, Illinois. Drone Base | Reuters The Occupational Safety and Health Administration is investigating a collapse at an Amazon warehouse in Edwardsville, Illinois, an agency spokesperson said Monday. The collapse was caused by a tornado that devastated the area and killed six workers.
In this article IT A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The global chip shortage has been rumbling on all year and still hasn’t gone away. But what does that mean for Christmas? Will some presents be harder to get hold of
The semiconductor industry is on track to record exponential growth over the next decade, according to the CEO of Abu Dhabi sovereign wealth fund Mubadala, who said chipmakers are poised to play a “crucial” role in the global economy. “It took 50 years for the semiconductor business to turn into a half a trillion-dollar business.
Chris Wallace on the set of “Fox News Sunday with Chris Wallace” at FOX News D.C. Bureau on June 4, 2017 in Washington, DC. Paul Morigi | Getty Images Entertainment | Getty Images Fox News anchor Chris Wallace abruptly announced on Sunday he’s leaving the network after 18 years, effective immediately. The host of the
David Meredith, CEO, Everbridge Scott Mlyn | CNBC Shares of Everbridge lost almost half their value on Friday after the software company said CEO David Meredith resigned effective immediately. Everbridge, whose technology helps companies manage public safety emergencies, saw its stock price rocket during the early months of the Covid-19 pandemic as cities across the
Amazon Web Services CEO Adam Selipsky delivers a keynote address during the AWS re:Invent conference in Las Vegas on November 30, 2021. Noah Berger | Getty Images Amazon Web Services on Friday published an explanation for an hours-long outage earlier this week that disrupted its retail business and third-party online services. The company also said
In this article BZFD BuzzFeed CEO Jonah Peretti stands in front of the Nasdaq market site in Times Square as the company goes public through a merger with a special-purpose acquisition company on December 06, 2021 in New York City. Spencer Platt | Getty Images BuzzFeed fell 39% in its first week of trading, closing
SAN FRANCISCO, CALIFORNIA – SEPTEMBER 16: Oracle chairman of the board and chief technology officer Larry Ellison delivers a keynote address during the 2019 Oracle OpenWorld on September 16, 2019 in San Francisco, California. Oracle chairman of the board and chief technology officer Larry Ellison kicked off the 2019 Oracle OpenWorld with a keynote address.
Whinstone CEO Chad Harris takes CNBC on a tour of the largest bitcoin mine in North America. Bitcoin mining has totally recovered from the Chinese crypto crackdown that took more than half the world’s miners offline virtually overnight earlier this year. The recovery is measured by looking at hashrate, a term used to describe the
Carolyn Everson Source: CNBC Instacart President Carolyn Everson said Friday she will step down at the end of the year. The news comes just three months after she joined the company. Everson’s departure is the latest shake-up in Instacart’s C-suite. Head of advertising, Seth Dallaire, left for Walmart in October. The company has hired several
In this article TSLA Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images Elon Musk is continuing to offload Tesla stock. The tech billionaire sold 934,091 Tesla shares, according to financial filings with the
In this article GOOGL Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018. David Paul Morris | Bloomberg | Getty Images Google executives are acknowledging employee concerns about rising inflation, but say they have no plans to respond with
Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Robotic vacuum cleaners couldn’t be summoned. Whole Foods orders were suddenly canceled. Parts of Amazon’s mammoth retail operation slowed to a standstill. Amazon Web Services,
Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon was fined 1.13 billion euros ($1.28 billion) on Thursday by Italian antitrust regulators for abusing its market dominance. The Autorità Garante della Concorrenza e
Elizabeth Holmes, founder of Theranos Inc., leaves federal court in San Jose, California, on Wednesday, Dec. 8, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, Calif. — In her final effort to try and sway the jury in her criminal fraud trial, Theranos founder Elizabeth Holmes blasted ex-boyfriend Ramesh “Sunny” Balwani, her
In this article ROKU GOOGL A Roku Inc. remote in an arranged photograph in Hastings-on-Hudson, New York, May 2, 2021. Tiffany Hagler-Grear | Bloomberg | Getty Images Roku stock was up more than 13% on Wednesday after it said it has reached a multiyear agreement with Google to keep YouTube and YouTube TV on its
In this article V The Visa logo seen displayed on a smartphone with a bitcoin logo in the background. Rafael Henrique | SOPA Images | LightRocket | Getty Images Visa is launching new consulting and advisory services to help its clients navigate the world of cryptocurrencies. The payments processor said Wednesday its crypto advisory practice,
In this article AMZN Attendees at an Amazon.com annual cloud computing conference Salvador Rodriguez | Reuters Amazon‘s cloud-computing unit on Tuesday was hit with an outage that took down some websites and services. A notice on Amazon Web Services’ status page said it was experiencing problems with certain APIs and the AWS Management Console. The
In this article FOUN People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images This year’s bull market
A 3D map showing the continent of Europe. Constantine Johnny | Moment | Getty Images LONDON — Europe’s tech sector is on fire. Start-ups in the region are on track to haul in a record $121 billion in funding this year, according to a report from venture capital firm Atomico, roughly three times the $41
In this article TSLA Robotics arms install the front seats to the Tesla Model 3 at the Tesla factory in Fremont, California, on Thursday, July 26, 2018. Mason Trinca | The Washington Post | Getty Images Tesla is replacing repeater cameras in the front fenders of at least several hundred Model S, X and 3
SpaceX owner and Tesla CEO Elon Musk gestures during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Shares of Tesla slumped more than 3% in early trading Monday after Reuters reported the U.S. Securities and Exchange Commission has opened an investigation into the company. The SEC
In this article ALO-FR .FKRX300 TSLA 7267.T-JP 7203.T-JP VOW3-DE BMW-DE A car is fueled with hydrogen at the Frankfurt Auto Show IAA in Frankfurt am Main, Germany, on September 13, 2017. TOBIAS SCHWARZ | AFP | Getty Images Tesla CEO Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells.
Kacper Pempel | Reuters Hackers have taken $196 million from crypto trading platform Bitmart, a security firm said Saturday. Bitmart confirmed the hack in an official statement Saturday night, calling it “a large-scale security breach” and writing that hackers withdrew about $150 million in assets. However, blockchain security and data analytics firm Peckshield estimates that the
In this article BTC.CM= ETH= The Bitcoin logo is displayed on the screen of a Bitcoin ATM on November 10, 2021 in Los Angeles, California. Mario Tama | Getty Images Bitcoin prices stabilized on Sunday morning after wild trading sent the cryptocurrency tumbling more than 17% in just 24 hours. The cryptocurrency traded at $48,953
For years, Amazon has been quietly chartering private cargo ships, making its own containers, and leasing planes to better control the complicated shipping journey of an online order. Now, as many retailers panic over supply chain chaos, Amazon’s costly early moves are helping it avoid the long wait times for available dock space and workers
American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc. Alex Tai | SOPA Images | LightRocket | Getty Images While judges review subpoenas in an almost year-long case that pits Google against its workers, former company employees are doing their part to highlight
U.S. Senator Ted Cruz (R-TX) addresses a news conference on Capitol Hill in Washington, October 6, 2021. Evelyn Hockstein | Reuters AUSTIN, TEXAS – The Texas power grid is struggling with fluctuating energy prices and sporadic service, but the state’s growing bitcoin mining community believes it can help fix it. Republican Sen. Ted Cruz agrees.
In this article TWTR Parag Agrawal named Twitter CEO on Nov 29th, 2021. Courtesy: Twitter Twitter CEO Parag Agrawal, who on Monday replaced co-founder Jack Dorsey, is quickly reorganizing the company’s leadership structure across product and engineering. Twitter said in a regulatory filing on Friday that “to drive increased accountability, speed, and operational efficiency,” the
In this article DOCU ETSY DASH ZM A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images A funny thing happened on the way to the stock market’s retreat. Stay-at-home stocks that benefitted most from Covid-19 and the ensuing lockdowns, like Etsy, DoorDash,
In this article DOCU PJC Dan Springer, chief executive officer at DocuSign. David Paul Morris | Bloomberg | Getty Images Shares of e-signature software maker DocuSign were down more than 30% in premarket trading Friday after the company reported guidance for the fourth quarter that fell short of analyst estimates. DocuSign predicted fourth-quarter revenue would
Hycan CEO Yang Ying speaks with CNBC’s Evelyn Cheng during the 2021 East Tech West conference in the Nansha district of Guangzhou, China. GUANGZHOU, China — Chinese electric car start-up Hycan hasn’t delivered many vehicles yet, but it claims it’s on the verge of a large fundraise as investors pour more money into a hot
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 Google will not be returning to offices as expected on Jan. 10 after all, according to a companywide email sent Thursday that
In this article AAPL A man passes by iPhone 13 Pro ad on an Apple storefront in Krakow, Poland on September 30, 2021. Jakub Porzycki | NurPhoto | Getty Images Apple shares were down nearly 3% Thursday following a Bloomberg report that said the company warned its suppliers demand is lower than expected for new
Susan Arnold Source: Disney Susan Arnold is taking over as Disney‘s Chairman of the Board, the company announced Wednesday. She’ll succeed Bob Iger, who stepped down as Disney CEO early last year. Iger, who served as Chairman of the Board since 2012, had been set to step away as board chair by the end of
In this article HRB Jack Dorsey (L), CEO of Square and CEO of Twitter, live casts video while standing outside the New York Stock Exchange for the IPO of Square, in New York November 19, 2015. Lucas Jackson | Reuters Square is renaming itself Block as it focuses on technologies like blockchain and expands beyond
In this article CRM Bret Taylor, president and chief product officer for Salesforce.com Inc., speaks during the opening keynote of the 2019 Dreamforce conference in San Francisco on Nov. 19, 2019. Salesforce’s annual software conference, where it introduces new products and discusses its commitment to social causes, was interrupted for the second year in a
Wind turbines and solar panels in Kayseri, Turkey. temizyurek | E+ | Getty Images The world is set to add nearly 290 gigawatts of renewable power capacity this year, according to the International Energy Agency, with the Paris-based organization expecting 2021 to “set a fresh all-time record for new installations.” Published on Wednesday, the IEA’s
In this article AAPL Apple CEO Tim Cook attends the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Apple stock was up more than 2% on Tuesday as stocks tumbled on concerns of the new omicron Covid variant, showing investors see the company as
Facebook CEO Mark Zuckerberg speaks during a live-streamed virtual and augmented reality conference to announce the rebrand of Facebook as Meta, in this screen grab taken from a video released October 28, 2021. Facebook | via Reuters Meta, Facebook’s parent, has been told by the U.K.’s competition watchdog that it must sell gif-sharing platform Giphy.
SAN JOSE, CALIF. — In emotional and at times tearful testimony on Monday, Theranos founder Elizabeth Holmes accused ex-boyfriend Ramesh “Sunny” Balwani, who was also the company’s president, of a pattern of physical and psychological abuse, including forced sex. Holmes, 37, took the stand for her fourth and final day of questioning by her defense
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Jack Dorsey stepped down as CEO of Twitter on Monday morning, citing his belief that the company was “ready
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber. Twitter stock jumped more than 11% on the news.
Chesnot | Getty Images Cryptocurrency miners are using compromised Google Cloud accounts for computationally-intensive mining purposes, Google has warned. The search giant’s cybersecurity team provided details in a report published Wednesday. The so-called “Threat Horizons” report aims to provide intelligence that allows organizations to keep their cloud environments secure. “Malicious actors were observed performing cryptocurrency
In this article AMC Spider-Man Turn Off the Dark Source: spidermanonbroadway.marvel.com/ AMC is the latest legacy company to get into the NFT game. The theater giant and Sony Pictures will offer 86,000 non-fungible tokens to members of its AMC Stubs Premiere, AMC Stubs A-List and AMC Investor Connect who order tickets for the Dec. 16