In this article 708-HK People walk by an unopened shop for Evergrande’s electric cars during the last day of the National Day and Golden Week holidays on October 7, 2021 in Wuhan, Hubei province, China. Evergrande, China’s largest property developer, is facing a liquidity crisis with total debts of around $300 billion. The problems faced
Technology
The Amazon headquarters sits virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon recommended all employees in its Seattle office to work from home, leaving much of downtown nearly void of people. John Moore | Getty Images Amazon is giving its employees more flexibility to work from
In this article BABA 700-HK 3690-HK GUANGZHOU, China — Meituan shares surged over 7% on Monday, leading China technology stocks higher, after the food delivery giant was slapped with a fine as a result of an antitrust probe. On Friday, China’s State Administration for Market Regulation (SAMR) said Meituan abused its dominant position in the
Former Google, Facebook and Pinterest employee Ifeoma Ozoma launched a free resource guide and a new California law in the same week. Ifeoma Ozoma Whistleblowers are getting louder in Silicon Valley. Most notable is ex-Facebook employee Frances Haugen, who testified in front of Congress this week after revealing documents that showed the company is aware
In this article FB A person using Instagram. Lorenzo Di Cola | NurPhoto via Getty Images Lakinya Francis is building a LinkedIn account, Haley Sanchez is expanding her email list and Michael Elefante plans to build out his website. “We get so fixated on what’s working and that’s fine but we need to have a
Tim Cook, chief executive officer of Apple Inc., center, arrives at U.S. district court in Oakland, California, on Friday, May 21, 2021. Nina Riggio | Bloomberg | Getty Images Apple filed a notice of appeal in the Epic Games case and is asking for a stay on the injunction that lets developers add in-app links
Thrasio, an early leader in the big business of Amazon aggregators, had a booth at the popular Prosper Show for Amazon sellers in Las Vegas, Nevada, on July 14, 2021. Katie Schoolov Thrasio, the top U.S. aggregator of Amazon third-party sellers, was racing to the public markets to fuel its rapid expansion. But the company
A South Korean flag, left, and Samsung Electronics flag fly outside the company’s headquarters in Seoul, South Korea, on July 5, 2019. Jean Chung | Bloomberg | Getty Images Samsung Electronics shares edged higher on Friday after the company said its operating profit for the quarter that ended in September was likely 28% higher than
Hungarian-born US investor and philanthropist George Soros delivers a speech on the sideline of the World Economic Forum (WEF) annual meeting, on January 24, 2019 in Davos, eastern Switzerland. Fabrice Coffrini | AFP | Getty Images Soros Fund Management, the asset management company founded by billionaire investor and philanthropist George Soros, has revealed that it
An attendee watches a live demonstration of Link Kit’s Snow World online game displayed in a Twitch Interactive’s streaming video service. Kiyoshi Ota | Bloomberg | Getty Images Amazon‘s video streaming service Twitch was hacked Wednesday in a breach that included details on payments to content creators and an unreleased product from Amazon Game Studios.
In this article UBER A Uber driver in New York City. Scott Mlyn | CNBC Uber is trying to make it less of a hassle to get a ride home from the airport after your plane lands. The company announced Wednesday that customers can now book a ride up to 30 days in advance. Travelers
In this article FB Facebook, Whatsapp and Instagram logos are displayed through broken glass in this illustration taken October 4, 2021. Dado Ruvic | Reuters Facebook has apologized for the mass outage that left billions of users unable to access Facebook, Instagram, WhatsApp and Messenger for several hours. “To all the people and businesses around
In this article FB Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Facebook employees and contractors complained on Monday that they were unable to log into their work accounts following the company’s worst service outage since 2008. The outage, which
In this article FB Olivier Douliery | AFP | Getty Images A Facebook whistleblower who brought internal documents detailing the company’s research to The Wall Street Journal and the U.S. Congress unmasked herself ahead of an interview she gave to “60 Minutes,” which aired Sunday night. Frances Haugen, a former product manager on Facebook’s civic
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
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
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 FB Sen. Richard Blumenthal, D-CT, asks questions during a hearing of the Senate Judiciary Subcommittee on Privacy, Technology, and the Law, at the U.S. Capitol in Washington DC, April 27, 2021. Tasos Katopodis | Pool | Reuters WASHINGTON — Facebook’s testimony to members of the U.S. Senate on Thursday led to one
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
Global Energy Institute 2021 has been a great year for bitcoin mining in America as new talent — and equipment — flood the market, but some states are definitely more appealing destinations than others. The latest data from the Global Energy Institute shows the average price of electricity is lowest in states including Texas and
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 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
In this article WISE-GB Kristo Kaarmann, Co-Founder & CEO, TransferWise, on Centre Stage during day one of MoneyConf 2018 at the RDS Arena in Dublin. (Photo By Eóin Noonan/Sportsfile via Getty Images) Eoin Noonan | Sportsfile | Getty Images LONDON — The co-founder of $15 billion fintech start-up Wise has been slapped with a £365,651
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 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
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
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 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 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
An attendee tries a pair of Nreal mixed-reality glasses at the MWC Shanghai exhibition in Shanghai, China, on Tuesday, Feb. 23, 2021. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Chinese augmented reality (AR) glasses maker Nreal has raised $100 million to fund international expansion and develop new products. Augmented reality refers to
In this article TOST The Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021. Source: NYSE Toast’s surge past $30 billion in market cap in its stock market debut on Wednesday turned all three of its co-founders into billionaires. Steve Fredette, Aman Narang and Jonathan Grimm started the company in 2012