Photo-sharing service Instagram announced Thursday morning that it’s bringing together two of its biggest priorities — online shopping and its new Reels short-form video feature, which competes with fast-growing social media network TikTok. Now businesses and creators can tag products when they’re creating a Reels video, and consumers can tap “view products” to buy them
Tech
Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017. Michael Nagle | Bloomberg | Getty Images Airbnb, the company that allows users to book short-term rentals and experiences while
The Federal Trade Commission and a coalition of attorneys general from 48 states and territories filed two separate antitrust lawsuits against Facebook on Wednesday. The lawsuits target two of Facebook’s major acquisitions: Instagram and WhatsApp. Both are seeking remedies for the alleged anticompetitive conduct that could result in requiring Facebook to divest the two apps.
SpaceX owner and Tesla CEO Elon Musk poses as he arrives on the red carpet for the Axel Springer Awards ceremony, in Berlin, on December 1, 2020. Britta Pedersen | AFP | Getty Images Elon Musk said Tuesday that while SpaceX and Tesla maintain major operations in California today, he has personally moved to Texas.
A DoorDash Inc. delivery person places an order into an insulated bag at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images DoorDash, the food delivery provider that’s seen a surge in demand during the coronavirus pandemic, sold shares in its IPO at $102 a piece, pricing above its range, according
Apple AirPods MAx Apple Apple on Tuesday announced AirPods Max, new over-ear noise-canceling headphones that will launch on Dec. 15 for $549. The AirPods Max may be appealing to customers who didn’t want in-ear headphones, such as the AirPods. They sit over your ears, which may be comfortable for longer periods, but offer similar features
A person wears a Palantir Technologies (PLTR) sweater outside the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reuters Shares of Palantir jumped more than 17% Monday after Bloomberg reported that the company won a three-year contract
Pilot models of the Uber self-driving car. Angelo Merendino | AFP | Getty Images Uber‘s self-driving unit, Advanced Technologies Group (ATG), is being acquired by its start-up competitor Aurora Innovation, the companies announced Monday. The deal, expected to close in the first quarter of 2021, values ATG at approximately $4 billion. The unit was valued
Source: Wish E-commerce marketplace Wish is aiming to raise as much as $1.1 billion in its initial public offering, giving it a valuation of up to $14.07 billion, the company revealed in a new filing Monday. It was last valued by private investors at $11.2 billion. Wish plans to sell 46 million shares priced between
A man counts 100 RMB notes with the Chinese flag in the background. Sheldon Cooper | SOPA Images | LightRocket via Getty Images GUANGZHOU, China — Chinese e-commerce firm JD.com said it has become the first online platform to accept the country’s digital currency. The announcement on Saturday comes as part of another real-world major
Ben Lamm is just 39 and building his fifth company, Hypergiant, a Texas-based company which develops artificial intelligence products for the likes of NASA, GE Power, Apple and Twitter. When Lamm was at Amy’s Ice Cream in Austin a couple years ago, he distinctly remembers a moment of being jealous of the employee serving him
iPhone 11 Todd Haselton | CNBC Apple said on Friday that it will repair some iPhone 11 devices that don’t respond to touch. The affected devices were manufactured between November 2019 and May 2020, and the issue affects a “small percentage” of display modules, Apple said. The replacement program doesn’t cover other models, like the
Vehicles pass the Tesla Inc. assembly plant in Fremont, California, U.S., on Monday, May 11, 2020. David Paul Morris | Bloomberg | Getty Images Elon Musk’s electric car and renewable energy company published its first ever diversity report late Friday. It said that Tesla has a “majority minority” U.S. workforce overall, but 83% of employees
There was a time when getting around was a lot more complicated. It required planning, difficult to fold maps and arguments with spouses. We often needing to stop to ask for directions. That changed when Google Maps was released 15 years ago. Since then, Google Maps has taken on competitors like MapQuest, Yahoo and Apple.
Tesla CEO Elon Musk talks to media as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images Tesla CEO Elon Musk put his California houses on the market this year while he was sparring
Combined images of AT&T CEO John Stankey (L)and john stankey WarnerMedia CEO Jason Kilar. Reuters In December 2018, John Stankey sat down with HBO CEO Richard Plepler and his leadership team. Stankey, the AT&T veteran running WarnerMedia at the time, was meeting with division heads to hear ideas on how to combat the threat from
The theatrical window isn’t broken, but it is full of cracks. Like so many other digital trends that have been accelerated by Covid-19, the way we watch theatrical releases saw big changes throughout 2020. The most significant shakeup: On Thursday, AT&T‘s WarnerMedia announced that all 2021 theatrical releases from Warner Bros. will debut simultaneously on
AI Research Scientist Timnit Gebru. Kimberly White | Getty Images Timnit Gebru, a well-known artificial intelligence researcher at Google, tweeted on Wednesday that the company abruptly fired her, and drew widespread statements of support from other Google employees and tech workers throughout the industry. Gebru, who was the technical co-lead of the Ethical AI Team
Jason Kilar Getty Images On Thursday, AT&T‘s WarnerMedia announced it would release its entire 2021 slate of films directly on HBO Max at the same time they hit theaters. Investors and industry-watchers greeted it as earth-shattering news for the movie theater industry. AMC Entertainment fell 16% on the day. Cinemark fell 22%. WarnerMedia CEO Jason
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters State attorneys general are preparing to file an antitrust lawsuit against Facebook as soon as next week, sources familiar with the matter told CNBC’s Ylan Mui. At least 20 to 30 states
Google employees at the tech giant’s headquarters in Mountain View, California, walk off the job to protest the company’s handling of sexual misconduct claims. Mason Trinca | Getty Images News | Getty Images The U.S. National Labor Relations Board has filed a complaint against Google and its parent company Alphabet, accusing the tech juggernaut of
Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020. CNBC Shares of Snowflake fell as much as 8% in extended trading on Wednesday after the data-warehousing software maker issued its first quarterly financial results as a public company. Here’s how Snowflake performed: Earnings: Loss of $1.01 per share. Revenue: $159.6 million. Snowflake’s revenue grew
Marc Benioff, founder, chairman and co-CEO of Salesforce, speaks at an Economic Club of Washington luncheon in Washington on October 18, 2019. Nicholas Kamm | AFP | Getty Images Salesforce’s market value topped Oracle’s earlier this year, another sign that primacy in software had swapped hands. That was months before Salesforce made its biggest acquisition
Elon Musk, CEO of Tesla, speaks to media representatives at the Tesla Gigafactory construction site In Grünheide near Berlin, September 3, 2020. Julian Stähle | picture alliance via Getty Images Tesla CEO Elon Musk sent an e-mail to employees on Tuesday warning them that they need to control their spending in order to continue squeaking
Airbnb plans to price at $44 to $50 per share in its IPO, giving it a valuation of up to $35 billion on a fully diluted basis, according to a new filing the company submitted to the SEC Tuesday. The company seeks to raise about $2.5 billion in the IPO. Existing investors seek to sell
An Amazon fulfillment center in Frankenthal, Germany. Thorsten Wagner | Bloomberg | Getty Images Amazon said Tuesday that this year’s holiday shopping season has been the biggest in its history, as the coronavirus pandemic forced more people than ever to do their shopping online. The e-commerce giant said in a blog post that customers have
The founders of GitLab, Dmitriy Zaporozhets and Sid Sijbrandij GitLab GitLab, a site that helps developers share and manage code, is letting some employees sell a portion of their equity in an offering that values the company at over $6 billion, according to people familiar with the matter. That’s more than double GitLab’s $2.7 billion
Marc Benioff, chairman and chief executive officer of Salesforce.com speaks during the grand opening ceremonies for the Salesforce Tower in San Francisco on May 22, 2018. David Paul Morris | Bloomberg | Getty Images Salesforce’s deal to buy Slack is expected to be announced Tuesday after markets close, sources told CNBC’s David Faber. The deal
Nextdoor is a local social media app that acts as a digital public message board for neighborhoods where users can sell furniture, organize events and alert neighbors of danger. In the past year, monthly active users on Nextdoor grew 20 percent, according to Sensor Tower. It’s provided neighbors and public agencies a platform to spread
In 2018, Microsoft made one of its priciest acquisitions ever, spending $7.5 billion on code-sharing site GitHub. It wasn’t the cleanest fit. GitHub is used by over 50 million developers who tend to be outspoken, including when it comes to things they dislike about Microsoft. The deal continues to pose unexpected challenges, like a recent
Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Zoom is poised to show another monster quarter when it reports results on Monday,
An Amazon warehouse Getty Images Amazon is providing front-line workers a one-time bonus to share its appreciation for their work heading into “the peak of the holiday season,” the company announced Thursday. In a blog post, Dave Clark, Amazon’s senior vice president of retail operations, said full-time operations staff who are employed by the company from
Salesforce co-CEO Marc Benioff speaks at the grand opening of the Salesforce Tower in San Francisco in May 2018. David Paul Morris | Bloomberg | Getty Images The tech industry has seen some hefty deals announced during the 2020 pandemic, including several in the tens of billions of dollars. But not in software. That could
Eero Pro 6 Eero I set up Amazon‘s $449 Eero Pro 6 mesh Wi-Fi system a few days ago and have already noticed a huge improvement in my Wi-Fi at home. You might want to try mesh networking if you know you pay for fast internet but feel like your home Wi-Fi is slow or
Google’s “resilience” lead Lauren Whitt installed a series of tutorials and video content for Google employees experiencing burnout while working through the pandemic. Google Throughout the coronavirus pandemic, Google has emphasized employee health, establishing long-term remote work plans and offering periodic days off called “reset” days. Even that hasn’t been enough to deal with the
An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters Black Friday is set to kick a holiday season unlike no other into high gear. The pressure is on for Amazon
Mark Zuckerberg, Chairman and Chief Executive Officer of Facebook, arrives to testify during the House Financial Services hearing on An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors on Wednesday, Oct. 23, 2019. Bill Clark | CQ-Roll Call, Inc. | Getty Images LONDON — The U.K. on Friday said a
Alphabet‘s self-driving car company Waymo is asking drivers to agree to stricter Covid-19 safety protocols, adding that it may not be able to afford continuing to pay employees in the future, especially if it has to shut down services again. Leadership from Waymo and its contractor, transportation company Transdev, sent drivers and support staff an
Elon Musk, chairman and chief executive officer of Tesla Motors David Paul Morris | Bloomberg | Getty Images Tesla is recalling more than 9,500 of its Model X and Model Y electric vehicles over potentially faulty roof trim and bolts that could be inadequately tightened. The company’s stock traded about 1% lower in the premarket
Attendees at Amazon.com Inc annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, Nevada, U.S., November 30, 2017. Salvador Rodriguez | Reuters Amazon‘s cloud-computing service on Wednesday was hit with an outage that took down some websites and services. A notice on Amazon Web Services’ status page said it was
Stewart Butterfield (C), co-founder and chief executive officer of Slack, and Allen Shim (2nd L), chief financial officer of Slack, ring the opening bell the New York Stock Exchange (NYSE), June 20, 2019 in New York City. Drew Angerer | Getty Images Shares of Slack rose more than 29% Wednesday following a Wall Street Journal
A DoorDash Inc. delivery person places an order into an insulated bag at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images DoorDash reached a $2.5 million settlement with the attorney general of the District of Columbia over claims that the company misled consumers on how it would allocate tips for
The logo of video-sharing website YouTube is displayed on a smartphone on November 19, 2018 in Berlin, Germany. Thomas Trutschel | Photothek via Getty Images YouTube on Tuesday barred One America News Network (OANN) from posting new videos and livestreaming for one week, after the right-leaning media organization uploaded a fake cure for the coronavirus.
Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Tesla surged past a $500 billion market cap on Tuesday after markets opened and its stock price surpassed $527.48 per share. Shares of Tesla were trading at $540.40, up more than 3%,
Radha Dhruv assistant general manager, using Toast software, February 23, 2018 in Denver, Colorado. Joe Amon | The Denver Post via Getty Images Toast, a start-up that sells software to help restaurants with online ordering, has had a rollercoaster of a year managing through the pandemic. Of late, business has been booming, The company responded
Steve Proehl | Corbis Unreleased | Getty Images A grand jury in Santa Clara, California, issued an indictment on Monday accusing Apple’s chief security officer, Thomas Moyer, of offering bribes to secure concealed carry permits for Apple employees. Moyer allegedly promised to donate 200 iPads worth $70,000 to the Sheriff’s Office in exchange for four
Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019. David Paul Morris | Bloomberg | Getty Images Snap on Monday announced the launch of Spotlight, a Snapchat feature that functions like TikTok and Instagram Reels. Spotlight will
WhatsApp and Messenger are highly popular messaging apps. Justin Sullivan | Getty Images The EU appears to be laying the groundwork for a move against data that has received end-to-end encryption after a spate of terrorist attacks in Paris, Vienna and Nice. In a joint statement released earlier this month, home affairs ministers from EU
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