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
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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
Andy Jassy, chief executive officer of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco on April 19, 2017. David Paul Morris | Bloomberg | Getty Images Amazon’s cloud division on early Tuesday announced the availability of new virtual computing instances for software developers that run Apple’s MacOS
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
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,
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
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
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
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
Saudi arabian flag in Asir province, Abha, Saudi Arabia. Eric Lafforgue/Art in All of Us | Corbis News | Getty Images Saudi Arabia’s STC Pay plans to expand its financial services offering across the Gulf region, after achieving a billion-dollar “unicorn” valuation on the back of a deal with Western Union. “We are very proud
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
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
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
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
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
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
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
Marissa Mayer, former CEO of Yahoo! Inc. Bloomberg | Getty Former Yahoo CEO Marissa Mayer on Wednesday announced the launch of Sunshine, a consumer apps startup that is debuting with an address book app that relies on artificial intelligence. Sunshine is Mayer’s first venture and return to the spotlight since stepping down from her role
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