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
News
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
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
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.”
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
Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters The holiday season is shaping up to be a celebratory time for tech IPO investors. Between early and mid-December, public investors will likely get their first crack at buying stock in food delivery provider DoorDash, e-retailer Wish and kids gaming company Roblox, according to
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
GUANGZHOU, China — Alibaba set a new sales record for the annual Singles Day shopping event, a feat that was overshadowed by a 8% stock plunge caused by proposed new Chinese antitrust regulation. Singles Day is typically a 24-hour shopping event in China that sees huge discounts across millions of products on e-commerce platforms run
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
This illustration picture taken on July 24, 2019 in Paris shows the logo of the US online store application Amazon on the screen of a tablet. MARTIN BUREAU | AFP | Getty Images LONDON — The European Commission has concluded that Amazon breached European rules by using independent sellers’ data for its own benefit. It
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
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
BROOKLYN, NY – AUGUST 09: CEO of Epic Games Tim Sweeney speaks onstage during Samsung Unpacked New York City at Barclays Center on August 9, 2018 in Brooklyn City. Mike Coppola | Getty Images Entertainment | Getty Images Fortnite could be about to return to iPhones and iPads — this time as part of Nvidia’s
As states wrap up vote counting, Facebook is preparing to notify users of its apps as soon as a winner is projected. The company said it will provide users of Facebook and Instagram with a notification at the top of their screens that says “A Presidential Winner Has Been Projected.” The notifications will provide users
A shopper prepares fill his cart at a Giant supermarket in Washington, DC, April 6, 2020. Evelyn Hockstein/The Washington Post via Getty Images) Food delivery companies DoorDash and Instacart have a clearer path to the public markets after scoring a critical ballot victory in California. With the passage of Proposition 22 this week, the San
Amazon CEO Jeff Bezos Alex Wong | Getty Images Amazon CEO Jeff Bezos this week has sold more than $3 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Bezos has accelerated his stock sales in the last year. In August, Bezos offloaded more than
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in Tokyo, Japan, on Wednesday, July 3, 2019. Akio | Bloomberg | Getty Images California voters decided Tuesday that Uber and Lyft should be exempt from state labor law that aimed to make its drivers employees rather than contractors, according to projections
CNBC; Getty Images AT&T is in discussions with private-equity firms, including Apollo Management, to sell a significant minority stake in its DirecTV, AT&T Now and U-Verse pay-TV businesses in a complicated transaction that would shift legacy assets off the wireless carrier’s balance sheet, according to people familiar with the matter. Under the terms of the
Co-founder and CEO of Netflix Reed Hastings attends a red carpet for the Netflix launch at Palazzo Del Ghiaccio on October 22, 2015 in Milan, Italy. Jacopo Raule | Getty Images Tech executives, rich from an 11-year bull market that’s disproportionately benefited their industry, were among the top political donors in the 2020 cycle. The
The founder and CEO of Facebook Mark Zuckerberg speaks during the 56th Munich Security Conference in Munich, southern Germany, on February 15, 2020. Christof Stache | AFP | Getty Images Facebook is gearing up for what could be a wild election night, and this includes providing users with accurate information should any candidate attempt to
A robotic arm developed by Haddington Dynamics. Haddington Dynamics LONDON — Ocado, a British online supermarket, announced Monday that it has acquired two robotics companies in the U.S. as it seeks to make its warehouses more efficient. The company, which also raised its full-year profit forecast, said it has agreed to buy San Francisco-headquartered robotics
CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Juan Naharro Gimenez | Getty Images Netflix announced Thursday it will raise prices for U.S. customers. Don’t be surprised if you’re reading the same