Tech

E-commerce marketplace Wish filed its IPO prospectus Friday, and gave investors who may be concerned about an overreliance on China plenty of reasons to be skeptical. Wish, founded in 2010, is an online marketplace that features a variety of discounted goods, ranging from cheap homewares and apparel to electronics and toys. The app offers a

In a victory for AT&T‘s WarnerMedia, HBO will no longer be available as an Amazon Channel after their current placement deal expires next year, according to people familiar with the matter. Today, HBO’s presence in the Amazon Channels store lets users watch regular HBO programming within the Amazon Fire TV user interface, making it easy

Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images She was a billionaire CEO whose luxurious lifestyle rivaled that of any movie star. Elizabeth

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

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

Taylor Swift performs at the 2019 American Music Awards in Los Angeles, November 24, 2019. Mario Anzuoni | Reuters Apple released a software update for iPhones and iPads earlier this month that includes a built-in music recognition button that can help you quickly identify a song that’s playing. It’s one way Apple is using Shazam,

Source: Wish E-commerce marketplace Wish filed its IPO prospectus with the Securities and Exchange Commission on Friday, joining a number of technology companies that have looked to debut before the end of the year. Wish’s parent company, ContextLogic, plans to list its shares on the Nasdaq under the symbol WISH. The filing provides the first

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

Roblox CEO David Baszucki Roblox Roblox, whose online gaming software has been hugely popular with kids during the pandemic, filed its IPO prospectus on Thursday, joining a growing crop of companies that are trying to go public before the end of the year. Revenue in the third quarter jumped 91% from a year ago to

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

Amazon’s redesigned Echo Dots Kids Edition Amanda Ringstad, Amazon Amazon‘s smart voice assistant Alexa can automatically tell you what’s being delivered if you own an Echo. It’s useful if you want updates on a package, but sometimes it says too much. For instance, Alexa might spill the beans about an incoming Christmas present by saying

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

Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Josh Edelson | AFP | Getty Images Apple will cut its App Store commission rate to 15% for for software developers with less than $1 million in annual net

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

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

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

Elon Musk, Tesla boss, runs to a Tesla at the Tesla Gigafactory construction site. In Grünheide near Berlin, a maximum of 500,000 vehicles per year are to roll off the assembly line starting in July 2021. Julian Stahle | picture alliance | Getty Images Tesla is finally joining the S&P 500. S&P Dow Jones Indices

Jeff Bezos, founder and CEO of Amazon, speaks to a group of Amazon employees that are veterans during an Amazon Veterans Day celebration on Monday, November 12, 2018. Leonard Ortiz | Digital First Media | Getty Images Amazon founder and CEO Jeff Bezos on Monday announced the first recipients of his $10 billion Earth Fund.

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

A customer carries away a PlayStation 5 console at an electronics store in Sydney on November 12, 2020, on the day of PS5 official launch. Saeed Khan | AFP | Getty Images Microsoft and Sony both released new video game consoles this week: Microsoft has the $500 Xbox Series X and $300 Series S, while

The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Shares of sports betting company DraftKings jumped 6% in premarket trading Friday after the company reported better-than-expected third quarter

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

Drew Angerer In the aftermath of the election, millions of users rushed to sign up for Parler, an up-and-coming social media app that has quickly become a hub for conservatives seeking refuge from what they believe is censorship from Facebook and Twitter. Those companies have labeled or hidden posts from President Trump and others disputing

David Zaslav Anjali Sundaram | CNBC The TV ad market is on the mend after getting hit by a broader pandemic ad slowdown. But with Covid-19 cases on the rise, some networks are cautious about the coming quarters, even with a big boost from political ads this quarter.  In recent days and weeks, media companies

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

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.”

A Disney cast member welcomes guests to Magic Kingdom Park at Walt Disney World Resort on July 11, 2020. (Photo by Matt Stroshane/Walt Disney World Resort via Getty Images) Disney is set to report earnings for its fourth quarter of 2020 after the bell on Thursday. Here are the key numbers: Loss per share: 71 cents

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

Apple HomePod Mini Todd Haselton | CNBC Apple has a real competitor to the Amazon Echo, and it may provide Apple with yet another growth opportunity. According to eMarketer, 70% of smart speaker owners in the U.S. have an Amazon Echo. Google is largely seen as the nearest competitor to Amazon, followed by companies that

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

Johanna Geron | Reuters Facebook told advertisers its temporary post-election ban on political ads is expected to continue for another month. Its temporary pause on social issues, electoral or political ads in the U.S. will continue to help prevent confusion or abuse on its platform, according to emails viewed by CNBC. Facebook told advertisers they

Apple announced three new Mac computers on Tuesday: a MacBook Air, a 13-inch MacBook Pro, and a Mac Mini. They essentially look the same as their predecessors. What’s new this time is the chip that runs them. Now they’re powered by Apple’s M1 chip instead of Intel processors. Tuesday’s announcement marks the end of a

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

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

The Ant Group Co. logo is displayed at the company’s headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Qilai Shen | Bloomberg | Getty Images Guangzhou, CHINA — Chinese financial technology giant Ant Group, which was gearing up for the world’s biggest IPO, could see its valuation come crashing down after its public listing

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

iPhone 12 Mini and iPhone 12 Pro Max Todd Haselton | CNBC I’ve spent the last week reviewing Apple’s iPhone 12 Pro Max and iPhone 12 Mini. They’re the second half of the four iPhones Apple announced in October, following the regular iPhone 12 and iPhone 12 Pro, and they’re also the largest and smallest

A picture of a woman starting Netflix on a TV inside her apartment. Artur Widak | NurPhoto | Getty Images SINGAPORE — Netflix is betting big on Asia-Pacific by investing millions of dollars into original and licensed content in major markets like India, a senior executive at the company told CNBC. When the tech company

Americans love pickup trucks. Pickups accounted for 20% of all vehicle sales so far this year, according to Edmunds, and they are outselling sedans for the first time ever. At the same time, there is an electric revolution taking place. “It’s a really exciting time for the automotive industry. I compare it to the start

The logo of Toyota Motor is displayed at a company’s car showroom in Tokyo on February 6, 2019. Kazuhiro Nogi | AFP | Getty Images During a Toyota Motors earnings call on Friday, executives answered questions about how they plan to compete in the expanding field of electric vehicles, and took a potshot at Tesla’s

Jeff Bezos, founder and CEO of Amazon, speaks to a group of Amazon employees that are veterans during an Amazon Veterans Day celebration on Monday, November 12, 2018. Leonard Ortiz | Digital First Media | Getty Images Tech CEOs and Silicon Valley luminaries congratulated President-elect Joe Biden and Vice President-elect Kamala Harris after their victory

WASHINGTON – Joe Biden is projected to win the U.S. presidential election, according to NBC News, a watershed moment in a deeply divided nation that is facing multiple crises. The call in the race came four days after Election Day, and during close counts in multiple battleground states. President Donald Trump’s campaign has mounted several

Amazon Flex Driver CNBC | Katie Schoolov Amazon is launching a rewards program for its legions of Flex delivery drivers that gives them a leg up when it comes to the app’s competitive shift selection process. The company quietly added a section to the Flex website and an app on Apple’s App Store that advertise

Peter Thiel, co-founder and chairman of Palantir Technologies Inc., speaks during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Palantir, the data analytics software company co-founded by Peter Thiel, one of President Donald Trump’s former top allies in Silicon Valley, just wrapped up its best

Palantir co-founder Joe Lonsdale is following the lead of the software company he helped create and moving his venture firm out of California. Earlier this year, Londsdale relocated his family from the Bay Area to Austin, Texas. He’s now doing the same with his firm, 8VC, though he told CNBC he’ll keep its San Francisco

The mobile-messaging application WhatsApp is displayed on an Apple iPhone Brent Lewin | Bloomberg | Getty Images SINGAPORE — Facebook-owned messaging service WhatsApp will let users in India send money through the app starting Friday, as long as they have a bank account and debit card in India. India is one of the largest markets

Airbnb CEO Brian Chesky. John van Hasselt | Corbis | Getty Images A short-term rental vacation host has filed a proposed class action lawsuit against Airbnb, alleging that the tech company violated its contract with hosts when the company offered full refunds to guests in the wake of the coronavirus pandemic in March.  The lawsuit

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