Facebook Chairman and CEO Mark Zuckerberg. Erin Scott | Reuters Facebook is introducing a new feature that will make it easier for users to choose what content shows up in their News Feed. The new feature, announced on Wednesday, is called a feed filter bar. Rather than just relying on Facebook’s algorithms to determine what
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In this article AAPL INTC Apple WWDC 2021 Apple Apple announced on Tuesday that its annual developers conference will be held on June 7. Like last year, it’ll be online-only due to the ongoing Covid-19 pandemic. The event runs through June 11 and is free for developers to attend. WWDC, as the event is known,
In this article 1810-HK 175-HK ZE594-CN NIO XPEV 9888-HK Xiaomi’s headquarters in the Xuhui District of Shanghai. Costfoto | Barcroft Media | Getty Images GUANGZHOU, China — Chinese smartphone giant Xiaomi has announced plans to launch an electric vehicle business and invest $10 billion over the next 10 years. The company will set up a
In this article TSLA Christopher Lee and his 2021 Tesla Model Y Christopher T. Lee Last week, after paying for brand new Tesla electric cars, Southern California residents Tom Slattery, Christopher T. Lee and Clark Peterson told CNBC they were gobsmacked to find the company had charged them twice, taking tens of thousands of dollars
In this article LSEG-GB AMZN Mike Kemp | In Pictures | Getty Images LONDON – Food delivery start-up Deliveroo has cut the price of its shares ahead of its initial public offering on the London Stock Exchange. The Amazon-backed company announced Monday that it will now sell shares for £3.90 ($5.40) to £4.10 each instead
In this article GOOGL INTU When Laela Sturdy visited Stanford for the first time, it wasn’t to study at the famed university’s business school. It was to beat Stanford at its own game — literally. As the no. 16 seed in the annual NCAA tournament in 1998, the thought of Sturdy’s Harvard team scoring a
In this article GOOGL NFLX FB SNAP SQ TWTR Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, March 25, 2021. CNBC After setting ambitious user growth and revenue goals
In this article SQ ZM MSFT WORK Phil Libin, CEO of All Turtles and Mmhmm CNBC In December, internet entrepreneur Phil Libin loaded up his car and, along with his girlfriend, drove almost 2,000 miles from his home in San Francisco to Bentonville, Arkansas. They’ve since moved a few miles east to the neighboring town
In this article VIACA DISCA Shares of ViacomCBS and Discovery continued their dramatic plunge Friday, down 30% and 31%, respectively. That’s led to ViacomCBS shedding more than 53% for the week, while Discovery has dipped about 49%. ViacomCBS shares began to fall earlier this week after the company announced it would raise $3 billion from
In this article AMZN An Amazon worker inside a warehouse during coronavirus pandemic Amazon has received authorization from the Food and Drug Administration for a Covid-19 test that it hopes to use to bolster its employee screening program. The test is being developed by Amazon subsidiary STS Lab Holdco, according to an FDA filing. The
In this article 700-HK BIDU 9999-HK JD 9988-HK Alibaba founder Jack Ma attends the 5th World Zhejiang Entrepreneurs Convention at Hangzhou International Expo Centre on November 13, 2019 in Hangzhou, Zhejiang Province of China. VCG | Getty Images China’s dual-listed tech giants — Alibaba, Baidu, JD.com, and Netease — have collectively lost billions in market
Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, March 25, 2021. U.S. House of Representatives Energy and Commerce | Handout | via Reuters In what has become a regular
An illustration of NFT-based art. gremlin | E+ | Getty Images Venture capitalists are writing big checks for start-ups in the booming NFT space. NFTs, or non-fungible tokens, have exploded in popularity this year in tandem with a rise in the values of cryptocurrencies like bitcoin and ether. They’re a type of digital asset designed
Zoom CFO Kelly Steckelberg said Wednesday she’s well aware of the toll working from home can have on employees, and offered insight into how the company that’s become synonymous with videoconferencing during the pandemic tries to prevent burnout among its own staff. Steckelberg’s comments on “Closing Bell” come after so-called Zoom fatigue attracted renewed attention
Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch When Coinbase hits the public market in the coming weeks, CEO Brian Armstrong is poised to rank among the wealthiest people in tech. Armstrong, who co-founded the cryptocurrency exchange in 2012 after working for a year
Pat Gelsinger, CEO of Intel, speaks in Santa Monica, Calif., on March 9, 2017, in a photo taken when he was CEO of VMware. Patrick T. Fallon | Bloomberg | Getty Images In his first extended public remarks since becoming Intel CEO, Pat Gelsinger offered an underlying message: Intel, the American chipmaking giant, is getting
In this article GOOGL GME AMC PLTR JD Lasica | Flickr In a year of historically wild stock moves, often driven by chatter on Reddit boards, financial software vendor Upstart Holdings is the latest company to see its stock soar to inexplicable heights. Founded in 2012 by former Google executive David Girouard, Upstart went public
In this article TSLA AMZN Smith Collection/Gado | Archive Photos | Getty Images A U.S. federal agency is considering as evidence a former Tesla employee’s complaint about how the company managed and communicated about fire risks and defects in its solar installations, CNBC has learned from documents received through a Freedom of Information Act request.
The Deliveroo app displayed on a smartphone screen. Thiago Prudencio | SOPA Images | LightRocket via Getty Images LONDON — British food delivery firm Deliveroo is seeking a valuation of up to £8.8 billion ($12.2 billion) in its upcoming initial public offering in London. The company, which is backed by Amazon, set a price range
Traders on the floor of the New York Stock Exchange. Source: NYSE Wall Street has long made New York the center of the banking universe. But the city’s tech scene is finally having its moment. After a smattering of IPOs over the last decade from companies like Etsy, MongoDB, Datadog and Peloton, there’s a whole
Evan Alberto has made almost a million dollars from Snapchat Courtesy of Evan Alberto Evan Alberto says he’s on track to become a millionaire in just a few weeks thanks to his consistent Snapchat usage. Since late November, the company has maintained a $1 million daily pool which it pays out to the creators of
An employee arranges a display of Vizio Inc. high-definition televisions at a Best Buy Inc. store in Paramus, New Jersey. Mark Kauziarich | Bloomberg | Getty Images Vizio emerged as a top-selling TV company in the U.S. about 15 years ago by securing deals with big box stores like Costco and Best Buy and selling
NEW YORK, NEW YORK – SEPTEMBER 20: Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City. Taylor Hill | WireImage | Getty Images The digital advertising world is scrambling to prepare for a seismic change when Apple updates
Bill Gates Adam Galica | CNBC Bill Gates wants to do his part to try to reduce impact of a warming planet. He just published a book about climate change. It turns out that he’s also been changing parts of his life to cut back on carbon emissions. In Gates’ latest Ask-Me-Anything session on Reddit
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 Tech companies led by Mozilla are urging the Federal Communications Commission to swiftly reinstate net neutrality rules
Patrick Mahomes #15 of the Kansas City Chiefs looks to pass over Shaquil Barrett #58 of the Tampa Bay Buccaneers during the second quarter against the Tampa Bay Buccaneers in Super Bowl LV at Raymond James Stadium on February 07, 2021 in Tampa, Florida. Patrick Smith | Getty Images The National Football League has finalized
Amazon CEO Jeff Bezos Alex Wong | Getty Images Amazon CEO Jeff Bezos, the world’s wealthiest person, is urging lawmakers to pass immigration reform and thanked members of Congress for bringing a bill to the floor that would create a path to citizenship for millions of immigrants known as “Dreamers.” In an Instagram post on
John Stankey Stephen Desaulniers | CNBC AT&T will no longer exempt viewership of its HBO Max streaming service from data caps after a federal court upheld California’s net neutrality law, the company said in a statement Wednesday. The company informed customers that it would no longer offer “Data Free TV” on its video apps beginning
The Baidu Inc. logo is displayed on the company’s headquarters on July 3, 2019 in Beijing, China. Wan Xiaojun | Visual China Group via Getty Images GUANGZHOU, China — Chinese search giant Baidu will raise nearly $3.1 billion in its upcoming Hong Kong secondary listing, a person familiar with the matter told CNBC. Baidu has
Palantir Technologies CEO Alex Karp sharply criticized Wall Street on Tuesday, saying there’s too much emphasis on near-term gains at the expense of developing healthy, long-lasting companies. Karp made the comments in an interview with CNBC’s Wilfred Frost as part of an event hosted by The Executives’ Club of Chicago. The remarks were later aired
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