In this article AAPL GOOGL FB AMZN Mark Zuckerberg, chief executive officer and founder of Facebook Inc., speaks during a House Energy and Commerce Committee hearing in Washington, D.C., U.S., on Wednesday, April 11, 2018. Andrew Harrer | Bloomberg | Getty Images The new year could be a pivotal one for tech policy — if
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In this article FB Meta’s Oculus Quest 2 virtual reality headset. T3 Magazine | Future | Getty Images Parents who bought their children a virtual reality headset for Christmas could be in for a nasty surprise. Oculus, the VR division of Facebook parent company Meta, likely saw surging sales over the holidays, with its main
A Huawei store in Hangzhou displays the company’s newly launched foldable smartphone, the P50 Pocket, on December 23, 2021. Long Wei | Visual China Group | Getty Images BEIJING — Chinese telecommunications giant Huawei said Friday it expects revenue for this year will come in at 634 billion yuan ($99 billion), a 28.9% drop from
In this article AAPL DE It was an exciting day at iFixit in November 2021, when Apple announced its decision to release a consumer-repair policy, along with new parts, replacement screens, batteries, and service manuals for iPhones. The push from the previously reluctant Apple was seen as a major shift on the “right to repair”
A representation of cryptocurrency Binance is seen in this illustration taken August 6, 2021. Dado Ruvic | Reuters Crypto giant Binance is bolstering its presence in France after a choppy year of regulatory scrutiny. The world’s largest cryptocurrency exchange is financing a 100 million euro ($113 million) initiative with industry group France FinTech in an
In this article TSLA Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. Patrick Pleul | picture alliance | Getty Images Tesla and SpaceX CEO Elon Musk has sold another 934,090 shares, or about $1.02 billion worth of his holdings, in his electric car and solar business according
In this article INTC AAPL 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 Apple‘s decision to ditch Intel paid off this year. The pivot allowed Apple to completely rethink the Mac, which had started to
A worker fulfills orders at a Gorillas “dark store” in London’s trendy Shoreditch district on May 20, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — A battle to find space powering the ultrafast grocery delivery boom is pushing up rents in parts of London’s commercial property sector. Companies like Getir, Gorillas and Zapp,
In this article AAPL External View of the Apple store on Fifth Avenue on August 19, 2020 in New York City. VIEW press | Corbis News | Getty Images Apple closed its stores to indoor customer traffic at its New York City retail locations Monday due to a rise in Covid-19 cases in the city.
Chris Hondros | Newsmakers | Getty Images For the first time in five years, tech investors aren’t the life of the Wall Street party. As 2021 winds down, the tech-heavy Nasdaq Composite is up 23% for the year, trailing the S&P 500, which has climbed 28%, through Monday. The last two times the S&P 500
In this article LSPD-CA Sequoia Capital Global Managing Partner Doug Leone speaks onstage during Day 2 of TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco, California. Steve Jennings | Getty Images LONDON — Some of America’s most successful venture capital firms have been finding it difficult to recruit people
In this article FB This photo from Oculus shows what it might be like to play it in an apartment. Oculus The metaverse won Christmas this year. Meta, Facebook’s parent company, had the most popular app in Apple’s App Store on Christmas day: the Oculus virtual reality app. That’s the app people download to manage
In this article GOOGL Sundar Pichai, CEO of Alphabet, in Brussels, Belgium, on Jan. 20, 2020. Geert Vanden Wijngaert | Bloomberg | Getty Images Alphabet is on the verge of wrapping up its best year from an investment perspective since 2009, and has proven to be by far the top-performing Big Tech stock of 2021.
Elizabeth Holmes, founder of Theranos Inc., exits federal court in San Jose, California, U.S., on Tuesday, Dec. 21, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, Calif. — The 12 jurors presiding over Elizabeth Holmes’ criminal trial left the San Jose courthouse early on Thursday afternoon, and won’t return until Monday morning.
In 2021, Jordan Myers bought his dream car: A Tesla Model 3. CNBC Make It Tesla is issuing a software update that will keep drivers from being able to play video games on the car’s entertainment system while the automobile is moving, according to a statement on Thursday from the National Highway Traffic Safety Administration.
In this article BIDU Baidu Vice President Ma Jie gives reporters in Beijing a preview on Dec. 21, 2021, of how the company’s metaverse app XiRang will host a developer conference. Baidu BEIJING — While metaverse hype has swept the world this year, one of China’s tech giants in the game has revealed a version
A visual representation of cryptocurrencies. Jakub Porzycki | NurPhoto | Getty Images The International Monetary Fund is concerned about cryptocurrencies, particularly because the nascent market is growing at such a significant pace and regulation is not following suit. The total market value of all crypto assets surpassed $2 trillion in September this year — representing
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 Jack Dorsey has been blocked on Twitter, the social media
In this article NVDA FTNT ASAN SYNA UPST Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Technology stocks have been far from a sure bet since 2021 began its stretch run in mid-November. Inflationary concerns and fears of rising interest rates pushed investors out of software and internet
SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Electric carmaker Tesla is clearing the final hurdles to get its massive German “Gigafactory” up and running in the new year. The Berlin-Brandenburg plant has
In this article 9618-HK 700-HK JD.com plummeted Thursday after Tencent announced it will be giving most of its shares in the Chinese e-commerce giant away to its shareholders. Tencent said it will declare a one-time dividend in which it will distribute more than 457 million Class A ordinary shares of JD.com to shareholders, with a
Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images If 2021 was the year for electric vehicle stocks, 2022 is the year for actual deliveries. At least that’s the wager. Investor money this year poured into
David Marcus, head of blockchain with Facebook Inc., waits for the start of a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 16, 2019. Andrew Harrer | Bloomberg | Getty Images It was a year of change for Facebook. The company was reborn as Meta, its first name change since Facebook dropped
In this article BTC.CM= Vertigo3d | iStock | Getty Images All things considered, bitcoin has had a pretty good year. The digital currency is up nearly 70% since the start of 2021, driving the entire crypto market to a combined $2 trillion in value. It’s a year that’s seen the first major crypto company go
Workers and supporters hold signs after filing a petition requesting an election to form a union outside the National Labor Relations Board (NLRB) regional office in the Brooklyn Borough of New York, on Monday, Oct. 25, 2021. Gabby Jones | Bloomberg | Getty Images A labor group seeking to organize Amazon warehouse workers on New
Matthew Lloyd | Bloomberg | Getty Images When a video game company only your kids have heard of goes public at a $38 billion valuation, you pay attention. When Microsoft‘s CEO drops the phrase “metaverse economies” on a quarterly earnings call, you pay attention. When Mark Zuckerberg says he’s going to spend $10 billion to
Bob Iger, chief executive officer of Walt Disney Co., waves as he arrives for the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Tuesday, July 5, 2016. David Paul Morris | Bloomberg | Getty Images Disney chairman and former CEO Bob Iger told CNBC he began thinking about stepping down
Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. FABRICE COFFRINI | AFP | Getty Images Google employees are pressing executives to bring back a part of the company’s culture that, in the past, made it a desirable place to work: candor.
Oracle Chairman and Chief Technolgoy Officer Larry Ellison delivers a keynote address during the Oracle OpenWorld conference in San Francisco on October 22, 2018. Justin Sullivan | Getty Images In his 44 years running Oracle, Larry Ellison has never spent this kind of money. Not even close. Oracle’s announcement on Monday that it’s buying medical
The site of a roof collapse at an Amazon.com distribution center in Edwardsville, Illinois. Drone Base | Reuters Gary Quigley was nearing the end of his Amazon delivery route on Friday when he noticed the winds were picking up. Quigley had been listening to local radio stations in Edwardsville, Illinois, all afternoon to keep an
In this article CERN ORCL A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Justin Sullivan | Getty Images Enterprise software giant Oracle will buy electronic medical records company Cerner in an all-cash deal for $95 per share, or approximately $28.3 billion in equity value. The deal, expected to
In this article TSLA Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory. In Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images Elon Musk faces a hefty tax bill this year — possibly the biggest in U.S. history. “For those wondering, I will pay
In this article ZM Zoom will continue to be relevant after the pandemic even when people return to the office, according to an executive from the video communications company. More organizations are moving toward a hybrid work model in which employees work both in the office and from home each week. “I think there are
Chesnot | Getty Images For years, the U.S. government has maintained a side hustle auctioning off bitcoin and other cryptocurrencies. Historically, Uncle Sam has done a pretty lousy job of timing the market. The 500 bitcoin it sold to Riot Blockchain in 2018 for around $5 million? That’s now worth north of $23 million. Or
Cruise Automation COO Dan Kan (l to r), Cruise Automation CEO Kyle Vogt and General Motors President Dan Ammann Tuesday, November, 20, 2018 at Cruise Automation offices in San Francisco, California. Source: Noah Berger | General Motors DETROIT – General Motors has been mum about the abrupt departure Thursday of Dan Ammann, the CEO of
Theranos founder Elizabeth Holmes arrives to attend her fraud trial at federal court in San Jose, California, December 17, 2021. Peter DaSilva | Reuters SAN JOSE, Calif. — The 12 jurors who will decide the fate of Theranos founder Elizabeth Holmes are left to consider the testimony from 31 witnesses over three months as they
Chairman of Disney Michael Iger arrives for the Allen & Company Sun Valley Conference on July 06, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images New year prediction pieces are a journalism standard. But instead of giving my own projections, I asked 10 media executives, the promise of anonymity, to give me their
Chris Ratcliffe | Bloomberg | Getty Images When Kickstarter unveiled its ambition to develop a blockchain-based crowdfunding system, the company characterized the move as a way to push creators closer to their audiences. “Backers should be able to easily discover and participate more deeply in projects, better control their data, and have more robust tools
Asana CEO and Facebook co-founder Dustin Moskovitz PATRICIA DE MELO MOREIRA | AFP | Getty Images Dustin Moskovitz is buying the dip. Again. The billionaire co-founder and CEO of cloud software vendor Asana bought $81 million worth of the company’s stock this week as part of a pre-arranged trading plan, bringing his purchases for the
The future of bitcoin is anyone’s guess, but one academic has warned that the world’s most popular cryptocurrency could fade out in the near future. Eswar Prasad, senior professor of international trade policy at Cornell University, told CNBC’s “Squawk Box Europe” earlier this month: “Bitcoin itself may not last that much longer.” Bitcoin’s price has
A worker picks up trash 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 Meta has said that around 50,000 Facebook users have been targeted by private surveillance companies. Meta, which also owns
An aerial view of Apple Park is seen in Cupertino, California, United States on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Apple told staff on Wednesday that it is delaying a planned return to offices for corporate workers until an undetermined date, according to reports from Bloomberg News and NBC News
Sidewalk Labs CEO Dan Doctoroff speaks during a press conference where Alphabet announced it will develop an area of Toronto’s waterfront on October 17, 2017. Mark Blinch | Reuters Alphabet is folding its smart city projects, known as Sidewalk Labs, into Google, as the company aims to bolster its climate sustainability efforts and consolidate businesses
Spencer Kimball, Cockroach Labs CEO Source: Spencer Kimball | Wikipedia Cockroach Labs has raised $278 million in a Series F funding round that values the enterprise software company at $5 billion — more than double its valuation from earlier this year. The New York City-based company, ranked No. 27 on this year’s CNBC Disruptor 50
Apple store employees wearing masks talk to a customer through an open door at the Oculus shopping center amid the coronavirus pandemic on May 21, 2020 in New York City. COVID-19 has spread to most countries around the world, claiming over 334,000 lives with over 5.1 million cases. Alexi Rosenfeld | Getty Images Apple temporarily
Troy Swope, a co-founder and CEO of Footprint Photo courtesy Footprint Footprint, an Arizona-based materials science technology company known for its plant-based packaging, will make its market debut by merging with blank-check firm Gores Holdings VIII. The deal is expected to value Footprint, ranked No. 45 on this year’s CNBC Disruptor 50 list, at $1.6
U.S. Commerce Secretary Gina Raimondo speaks during a Reuters interview at the Department of Commerce in Washington, September 23, 2021. Kevin Lamarque | Reuters Commerce Secretary Gina Raimondo said she is committed to the administration’s goal of universal broadband by 2030, but cautioned that distributing funds from the new infrastructure law to meet that deadline
In this article GOOGL Sundar Pichai, chief executive officer of Alphabet Inc., gestures while speaking during a discussion on artificial intelligence at the Bruegel European economic think tank in Brussels, Belgium, on Monday, Jan. 20, 2020. Pichai urged the U.S. and European Union to coordinate regulatory approaches on artificial intelligence, calling their alignment critical. Geert
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