Facebook and Instagram will reinstate Trump after two-year ban
The decision comes two years after Trump's suspension on Facebook was enacted following the 2021 insurrection at the U.S. Capitol.
CNBC Technology
IBM tops revenue estimates, says it will cut 3,900 jobs
Growth in mainframe sales helped IBM avoid slipping back into a pattern of declining revenue. The company faces a high bar for free cash flow in 2023 and 2024.
DOJ files second antitrust suit against Google, seeks to break up its ad business
The lawsuit targets Google's advertising business and comes after reports that DOJ antitrust chief Jonathan Kanter had been cleared to work on Google.
Precision Neuroscience, co-founded by Neuralink alum, is creating a brain implant thinner than a human hair
Precision Neuroscience announced a $41 million Series B funding round Wednesday, bringing its total to $53 million in under two years.
DCG-owned crypto exchange Luno axes 35% of staff, citing market turbulence
London-based crypto exchange Luno informed employees Wednesday of the redundancies at 12 p.m. GMT in a live-streamed town hall.
Microsoft offers lackluster guidance, says new business growth slowed in December
Microsoft saw slower Azure growth and device execution challenges in a quarter where it took a $1.2 billion charge, mainly for cutting 10,000 jobs.
BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Fried's crypto empire
Financial documents that were mistakenly uploaded from bankrupt crypto firm BlockFi show a $1.2 billion relationship with FTX and Alameda Research.
Microsoft's forecast suggests gloomy tech environment will continue
Microsoft's business weakened in December. Now it expects those patterns to continue to play out through March, including in its critical Azure cloud.
Microsoft users hit with global cloud outage that impacted products like Teams and Outlook
Microsoft is investigating issues with several of its products including Teams and Outlook, the company said Tuesday.
Semiconductor giant ASML sees 2023 sales surge; says China revenue to be steady despite U.S. chip restrictions
Dutch chip equipment maker ASML forecast a 25% jump in 2023 revenue as the semiconductor industry forecasts a recovery in the second half of this year.
Google job cuts hit 1,800 employees in California, including 27 massage therapists
As part of Google's largest ever round of job cuts, the company eliminated more than 1,800 positions in its home state.
New technique from U.S. national lab promises to strip carbon dioxide emissions from power plants and factories at record-low cost
Scientists at the Pacific Northwest National Lab have developed a technique that can pull carbon dioxide out of a factory flue for $39 per ton.
Tesla plans to spend $3.6 billion more on battery and truck manufacturing in Nevada
Tesla said in a statement that its expanding facilities in Nevada will include a 100 GWh battery cell factory and high-volume factory to manufacture the Semi.
North Korea-linked hackers behind $100 million crypto heist, FBI says
The FBI said that Lazarus Group, aka APT38, a hacking group linked to North Korea, was responsible for the attack on the Horizon bridge last year.
How these new electric aircraft could disrupt the $49 billion helicopter industry
With an estimated 200 companies working on electric vertical takeoff and landing vehicles, the $49 billion helicopter industry faces a new set of challengers.
Amazon adds generic prescription perk for Prime members
The add-on, called RxPass, will allow Prime members to get as many drugs as they need from a list of 50 generic medications used to treat common conditions.
Uber Freight cuts 150 jobs, about 3% of the unit's head count
Uber Freight laid off 150 employees on Monday, the first such cuts to hit any part of Uber since the onset of Covid in 2020.
How Gen Zers are turning to dating apps like Bumble for platonic friendships
Online dating has become almost completely normalized, but it used to carry a stigma. Now, many Gen Zers are making friends online through apps like Bumble BFF.
Google CEO defends job cuts in animated town hall as employees demand clarity on process
Google executives held a town hall meeting with staffers on Monday after the company announced its largest layoff in history.
Aramco-backed fintech opens bank branch in London to help Muslims invest
Wahed, an Islamic fintech startup backed by Saudi Aramco and Paul Pogba, debuted its own retail presence in the U.K. Tuesday.
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