traffic_analyzer | Getty Images We thought the carnage was over for popular decentralized finance, or DeFi, staking protocol Compound, but as it turns out, millions more than we thought are at risk. About $162 million is up for grabs after an upgrade gone very wrong, according to Robert Leshner, founder of Compound Labs. The price
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Carlos Watson, founder of the US online magazine OZY.com, talks in Berlin, Germany, 06 October 2014. Britta Pedersen | picture alliance | Getty Images Ozy Media’s board on Friday announced that the company is shutting down, according to The New York Times. “At Ozy, we have been blessed with a remarkable team of dedicated staff,”
In this article TSLA The logo of Tesla seen at one of its showroom. Tesla announced its Q1 2021 earnings today. Toby Scott | LightRocket | Getty Images Tesla delivered 241,300 electric vehicles during the third quarter of 2021, the company reported Saturday. The quarter’s deliveries topped expectations. Analysts predicted that Tesla would deliver around 220,900
September was a rough month for crypto investors, in particular for those betting big on ether, the token tied to the ethereum blockchain. Ether dropped 13% for the month, its second-biggest monthly decline in the past year, behind only a 16% slide in June. Bitcoin fell 7% in September. It’s difficult to link short-term price
Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, U.S., on Wednesday, Sept. 22, 2021. Davie Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A former lab director at Theranos acknowledged on Friday that he had plenty of opportunities to address his concerns about the company’s
Amazon’s new delivery van Amazon Rivian Automotive, a company developing electric vehicles, including commercial delivery vans for Amazon, filed for an initial public offering on Friday. The company aims to trade on the Nasdaq under the ticker symbol “RIVN.” Its paperwork shows a $994 million net loss on zero revenue in the first six months
In this article NFLX .FKRX300 Scene from “Squid Game” by Netflix Source: Netflix South Korean internet service provider SK Broadband is suing Netflix, after the platform’s popular show “Squid Game” allegedly led to a surge in network traffic, Reuters first reported Friday. The internet provider is asking Netflix to pay for associated maintenance costs resulting
Zoom In IconArrows pointing outwards About $90.1 million has mistakenly gone out to users of popular DeFi staking protocol Compound after an upgrade gone epically wrong. Now, the founder is making a plea — and issuing a few threats — to incentivize the voluntary return of the platform’s crypto tokens. “If you received a large,
In this article ZM FIVN Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., speaks during the BoxWorks 2019 Conference at the Moscone Center in San Francisco, California, U.S., on Thursday, Oct. 3, 2019. Michael Short | Bloomberg | Getty Images Zoom’s agreement to buy cloud contact center software company Five9 was
Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC. Mark Wilson | Getty Images Twenty-one current and former employees of Jeff Bezos’ Blue Origin claim the space company is a “toxic” workplace, according to an
iPhone 13 AAPL Apple launches the iPhone 13 in the UK at its Regent Street store on September 24, 2021, in London, England. Ming Yeung | Getty Images The latest version of the iPhone operating system, iOS 15, has several new features that use artificial intelligence to analyze the content in a photo. While object
Environmentalists protesting outside Amazon’s shareholder meeting Paayal Zaveri | CNBC Amazon settled with two former employees who the National Labor Relations Board claimed were illegally fired for publicly speaking out about the company’s climate record and labor policies. Terms of the settlement between Amazon and the two employees, Emily Cunningham and Maren Costa, weren’t immediately
In this article GOOGL Anti-vaccine protesters stage a protest outside of the San Diego Unified School District office to protest a forced vaccination mandate for students on September 28, 2021 in San Diego, California. Sandy Huffaker | Getty Images Google-owned YouTube banned prominent anti-vaccine accounts in an effort to strengthen its policies on misinformation around
Tesla CEO Elon Musk on Tuesday said the U.S. government should steer clear of trying to regulate the crypto market. “It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said at the Code Conference in Beverly Hills, California. Musk was responding on stage
Elizabeth Holmes, founder of Theranos Inc., and husband Billy Evans leave federal court in San Jose, California, on Wednesday, Sept. 22, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF – In the first dramatic showdown at the Elizabeth Holmes’ trial, defense attorney Lance Wade aggressively questioned the company’s former lab director about
In this article AMZN Amazon Astro home robot Todd Haselton | CNBC Amazon announced its long-rumored $999 Astro home robot on Tuesday. I had a chance to check it out in a demo with Amazon last week and wanted to share a few thoughts on what Astro is, what it can and can’t do and
Jeff Bezos pops champagne after emerging from the New Shepard capsule after his spaceflight on July 20, 2021. Blue Origin Jeff Bezos has called Blue Origin his life’s most important work – and the hours he is devoting to the space company are growing accordingly. Historically, Bezos had dedicated Wednesday afternoons to either updates and
Cryptocurrency exchange Coinbase is going deeper into traditional financial services, allowing users to deposit their paycheck directly into their online account. Coinbase said on Monday that U.S. users will be able to use the direct deposit service for any percentage of their paycheck. They can hold their money in dollars or immediately transfer it into
In this article FB Adam Mosseri, Facebook Beck Diefenbach | Reuters Facebook announced Monday morning it’s pausing its work on Instagram for kids after the company faced a slew of backlash from users and lawmakers. “While we believe building ‘Instagram Kids’ is the right thing to do, Instagram, and its parent company Facebook, will re-evaluate
In this photo illustration, the Bitcoin logo is seen on a mobile device with People’s Republic of China flag in the background. (Photo Illustration by t/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | SOPA Images | LightRocket | Getty Images GUANGZHOU, China — Huobi, one of the world’s largest cryptocurrency exchanges, said it has ceased
In this article TSLA Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC. Musk answered a range of questions relating to SpaceX projects during his appearance at the conference. Win McNamee | Getty Images Elon Musk reassured Tesla‘s commitment to China, saying
Thomas Kurian, chief executive officer of cloud services at Google LLC, right, speaks as Alpna Doshi, group chief information officer of Philips, listens 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
Theranos founder Elizabeth Holmes and her partner Billy Evans leaves the Robert F. Peckham U.S. Courthouse after the delivery of opening arguments in her trial, in San Jose, California, September 8, 2021. Peter DaSilva | Reuters SAN JOSE, CALIF – A former lab director at Theranos testified on Friday that he thought the blood-testing start-up
In this article TSLA Electric vehicle maker Tesla rolled out a long-awaited software update Friday night that allows customers to request access to its controversial Full Self-Driving Beta (FSD Beta) software. The move delighted fans of CEO Elon Musk and Tesla, but it risks drawing the ire of federal vehicle safety authorities who are already
In this article TOST Chris Comparato, CEO, the Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021. Source: NYSE Not long after selling software company Endeca to Oracle in 2011 for over $1 billion, Steve Papa called Bessemer Venture Partners with a hot tip. He said three of his best engineers
In this article AAPL Tim Cook, chief executive officer of Apple Inc., smiles while speaking about Apple TV+ during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 10, 2019. David Paul Morris | Bloomberg | Getty Images Apple claimed its TV+ service had less than 20 million subscribers in
Huawei chief financial officer Meng Wanzhou arrives at British Columbia Supreme Court with her security detail for the afternoon session of her extradition hearing, August 4, 2021 in Vancouver, Canada. Don MacKinnon | AFP | Getty Images The chief financial officer of Chinese tech firm Huawei will be released and allowed to return to China
In this photo illustration, the Bitcoin logo is seen on a mobile device with People’s Republic of China flag in the background. (Photo Illustration by t/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | SOPA Images | LightRocket | Getty Images China’s central bank renewed its tough talk on bitcoin Friday, calling all digital currency activities
In this article TWTR 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 Twitter on Thursday announced it will now allow users to tip their favorite creators on
In this article FB Andrew Bosworth AKA Boz, an advertising expert for Facebook, gives a talk at the Online Marketing Rockstars marketing trade show in Hamburg, Germany, 03 March 2017. Photo: Christian Charisius/dpa | usage worldwide (Photo by Christian Charisius/picture alliance via Getty Images) Christian Charisius | picture alliance | Getty Images Facebook CEO Mark
gelmold | iStock | Getty Images The European Commission, the executive arm of the European Union, has put forward a new law that would force smartphone manufacturers and other electronics makers to equip their devices with a standard USB-C charging port. The proposed legislation, announced Thursday, is designed to cut waste and make life easier
In this article BABA GUANGZHOU, China — Ant Group will share credit data from its consumer lending business with China’s central bank as part of an overhaul of the fintech giant. Huabei is a consumer loan product under Ant Group. Data from that lending product will be fed into the financial credit information database held
Facebook Chief Technology Officer Mike Schroepfer announced on Wednesday he will be stepping down from his role. Schroepfer will transition to a part time role with the company, and in 2022, he will be replaced by Andrew “Boz” Bosworth, who is currently the head of Facebook’s hardware division. Schroepfer informed Facebook of his intention to
Apple iPad Mini 2021 Todd Haselton | CNBC Apple’s new iPad Mini hits stores on Friday. I’ve been using one for the past several days. Apple typically updates its iPad, iPad Air and iPad Pros each year. But the $499 iPad Mini is unique. The last refresh was in 2019, and Apple typically sells it
Toast point of sale system Toast Restaurant-technology vendor Toast priced its IPO on Tuesday at $40 a share, according to a person familiar with the matter who asked not to be named because the announcement isn’t yet public. The offering was above the expected range and values the company at about $20 billion. Toast had
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images A U.S. government committee is reviewing Zoom’s agreement to acquire cloud contact center software company Five9 for $14.7 billion on national-security grounds. According to a letter dated Aug. 27, and posted on
A person in a mask walks by the New York Google offices after they announced they will postpone their reopening in response to updated CDC guidelines during the outbreak of the coronavirus disease (COVID-19) in Manhattan, New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Google plans to buy a New York City
Jeff Bezos pops champagne after emerging from the New Shepard capsule after his spaceflight on July 20, 2021. Blue Origin All things must die, according to the poet Alfred Lord Tennyson, but that could be about to change. A growing number of tech billionaires have decided they want to use their enormous wealth to try
In this article AAPL Apple iOS 15 Apple Apple released iOS 15, its big annual iPhone software update, on Monday. This year’s version has some big changes, including the ability of FaceTime to make calls to Windows and Android users, artificial intelligence that can better identify animals, plants and other items in photos, and a