From left, the flags of the Hong Kong Stock Exchange, China and Hong Kong are seen flapping in the wind on May 6, 2019. Anthony Wallace | AFP | Getty Images Venture firm DCM just generated a $16 billion return from the IPO of Chinese social media app Kuaishou. The listing took place in Hong
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Kansas City Chiefs’ Patrick Mahomes in action, Super Bowl, Raymond James Stadium, Tampa, Florida, February 7, 2021. Shannon Stapleton | Reuters To understand the big challenge facing American media, look at Super Bowl ratings over the past ten years. This year’s game got 96.4 million viewers, the lowest rating since 2007. There are all sorts
Amazon vans line up at a distribution center to pick up packages for delivery on Amazon Prime Day, July 16, 2019, in Orlando, Florida. Paul Hennessy | NurPhoto | Getty Images Last week, Amazon triggered privacy concerns when it confirmed it’s rolling out AI-enabled cameras in vans used by some of its contracted delivery partners.
The front of Qualcomm office on November 1, 2017 in San Jose, California. Justin Sullivan | Getty Images News | Getty Images U.S. chipmaker Qualcomm has told regulators around the world that it is against Nvidia’s $40 billion acquisition of British chip designer Arm, according to sources familiar with the matter. The company has told
CNBC recently got a tour of Lucid Motors’ new factory in Casa Grande, Arizona, where it will build its luxury electric sedan, the Air. The first phase of the facility was completed in November 2020, about a year from when construction broke ground. Lucid is currently building “release candidates” of the Air as it prepares
The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images LONDON — The SPAC craze is starting to gain some momentum in Europe. After a banner year for so-called special purpose acquisition companies in the U.S., a growing number of blank-check firms are raising funds with the intention
Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney is set to report earnings for the first quarter of 2021 after the
Singapore Airline’s Salvatore Ferragamo-branded amenity bag SFO Museum Multiple third-party sellers allegedly advertised and facilitated the sale of counterfeit Salvatore Ferragamo goods on Amazon, according to two joint lawsuits Amazon and the Italian luxury label filed Thursday. The lawsuits filed in U.S. District Court for the Western District of Washington accuse four sellers and three
A close up image of a CPU socket and motherboard laying on the table. Narumon Bowonkitwanchai | Moment | Getty Images A chip shortage that started as consumers stocked up on personal computers and other electronics during the Covid-19 pandemic now threatens to snarl car production around the world. On Tuesday, GM said that it
Trivago CFO Axel Hefer Source: Trivago LONDON — The chief executive of European travel booking firm Trivago believes attitudes toward the world’s biggest technology companies have changed. Axel Hefer, who has been at the helm of Trivago for almost five years, told CNBC’s “Squawk Box Europe” Wednesday that there has been a “change in sentiment”
Twitter and Square CEO Jack Dorsey speaks during a press event at CES 2019 on January 9, 2019 in Las Vegas, Nevada. David Becker | Getty Images News | Getty Images Twitter’s stock was flat in after-hours trading on Tuesday after the company reported its fourth-quarter earnings, as the company beat Wall Street’s earnings and
While watching the Super Bowl Sunday night, viewers in certain markets saw an eye-catching five-second ad from Reddit. “Wow, this actually worked,” text on the ad read. “If you’re reading this, our bet paid off.” The ad, which ran in only certain markets, initially caused a bit of confusion. Many paused their broadcasts to read
Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China, January 7, 2020. Aly Song | Reuters Tesla announced Monday that it bought $1.5 billion worth of bitcoin, according to a filing with the SEC. The company said it bought the bitcoin for “more flexibility
NBC Nightly News and Dateline NBC anchor Lester Holt It’s time to start thinking about a new business model for news. In the past year or so, nearly every media company has launched a subscription video-on-demand (SVOD) service. Most haven’t incorporated their full news divisions into the products, which are dominated by entertainment. Disney‘s three
Dropshippers are the ultimate middlemen. The trendy e-commerce model is behind the ads flooding Facebook, Instagram, TikTok and Google‘s YouTube at a much higher rate since the pandemic sent online shopping demand skyrocketing. The model relies on targeted ads designed to stop consumers from scrolling long enough to make an impulse purchase, usually from a
For advertisers, the Super Bowl typically represents a golden opportunity to have so many eyeballs at the same time and are actually are tuned in to watch the ads. Of course, this year is anything but typical. Advertisers appearing on the game this Sunday have to manage the right tone amid a pandemic that’s killed