Tech

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 Tech investors have plenty of reading to do over the Thanksgiving holiday in the form of IPO filings. DoorDash, Airbnb, Affirm, Roblox and Wish all unveiled their prospectuses in
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California Gov. Gavin Newsom’s seven-month-old Task Force on Business and Jobs Recovery is disbanding as the coronavirus pandemic reaches a second peak, but his co-chairs predict the state will have a strong economic turnaround once the pandemic is past. Billionaire businessman Tom Steyer, one of the co-chairs, said in a phone interview with CNBC that
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Elon Musk, head of Tesla, at the Tesla Gigafactory construction site in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images Tesla stock reached an all-time high Thursday, briefly trading at $507.76 per share. The company’s stock has been on a tear since the S&P Dow Jones Indices announced this
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Hungarian-born US investor and philanthropist George Soros delivers a speech on the sideline of the World Economic Forum (WEF) annual meeting, on January 23, 2020 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 disclosed that it
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Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles, California, U.S., on Monday, Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Nvidia beat analyst expectations on both earnings and revenue in its fiscal fourth quarter but shares barely
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U.S. Cybersecurity and Infrastructure Security Agency (CISA) Director Christopher Krebs speaks to reporters at CISA’s Election Day Operation Center on Super Tuesday in Arlington, Virginia, U.S., March 3, 2020. Kevin Lamarque | Reuters WASHINGTON — President Donald Trump announced Tuesday on Twitter that he has “terminated” top U.S. cybersecurity official Christopher Krebs. In a pair of tweets, Trump
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With Amazon Pharmacy, Prime customers in the United States can get their prescription medications shipped to their home for free. Amazon Amazon is entering the pharmacy business with a new offering called Amazon Pharmacy, allowing customers in the United States to order prescription medications for home delivery, including free delivery for Amazon Prime members. Amazon
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Airbnb on Monday released its prospectus to debut on public markets. The company allows users to book short-term rentals and experiences while traveling. The company made $219 million in net income on revenues of $1.34 billion last quarter. That was down nearly 19% from $1.65 billion in revenue a year prior. Despite primarily turning net losses, the
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Brian Roberts, Chairman and CEO of Comcast David A. Grogan | CNBC Comcast Ventures, the corporate venture capital firm, is folding into Comcast‘s business development division and shifting its strategy to focus only on strategic investments. Partners were informed of the change this week, according to people familiar with the matter, who asked not to
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With more than 500 hours of video uploaded every minute and more than one billion hours watched every day, Google’s YouTube is the world’s second-largest search engine. And its meteoric growth hasn’t subsided. More than two billion users visit the site every month. For Google’s parent company Alphabet, it represents a significant portion of its
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The New York Stock Exchange welcomes Unity Software Inc. (NYSE: U) Friday, September 18, 2020, as they officially begin trading today. NYSE Unity and Palantir both reported revenue growth above 50% on Thursday in their first earnings announcements since going public in September. Investors rewarded them, sending their stocks up on Friday. Unity, whose software
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Tony Xu, co-founder and chief executive officer of DoorDash Inc. David Paul Morris | Bloomberg | Getty Images DoorDash, the leading food delivery app in the U.S., filed its IPO prospectus with the Securities and Exchange Commission on Friday. The company will list its shares on the New York Stock Exchange under the symbol “DASH.”
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Facebook Chairman and CEO Mark Zuckerberg arrives to testify before the House Financial Services Committee on “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors” in the Rayburn House Office Building in Washington, DC on October 23, 2019. Mandel Ngan | AFP | Getty Images Facebook CEO Mark Zuckerberg on
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Amazon CEO Jeff Bezos on October 02, 2019. Elif Ozturk | Anadolu Agency | Getty Images Amazon is facing renewed pressure to answer questions about its use of third-party seller data after European Union regulators brought antitrust charges against the company on Tuesday.  Europe’s top antitrust watchdog, the European Commission, accused Amazon of violating competition
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The logos of the Chinese video portal TikTok and the US software and hardware manufacturer Oracle Corporation can be seen on a smartphone and screen on September 14, 2020 in Berlin, Germany. Thomas Trutschel | Photothek | Getty Images Remember TikTok? That wildly popular user-generated video application that dominated headlines for months as a potential
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AT&T‘s WarnerMedia began thousands of layoffs Tuesday as the company formerly known as Time Warner restructures around streaming video. The job cuts are part of AT&T’s plan to eliminate redundant positions within WarnerMedia and refocus the company around growing HBO Max, the company’s flagship streaming video service. Many of the top executives at Time Warner’s
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Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters President-elect Joe Biden presents a mixed bag for Tesla and other electric car-makers. On the pro side, Biden’s stated goals for clean energy and manufacturing could mean new government incentives for
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ESPN is going through another round of layoffs. CNBC obtained a memo to staffers where ESPN chairman Jimmy Pitaro confirmed roughly 300 layoffs as its parent company, Disney, shifts to more direct-to-consumer streaming, and following internal discussions about layoffs related to Covid-19. ESPN will also part ways with some on-air talent once contracts expire. “As
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