Feds seize almost $700 million of FTX assets in Sam Bankman-Fried criminal case
Federal prosecutors seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares.
CNBC Technology
Here are the layoff severance packages Google, Microsoft, Amazon and other tech giants have promised
Laid-off employees across the tech sector enter an uncertain job market. Here's what their previous employers have offered to tide them over.
Google to lay off 12,000 people — read the memo CEO Sundar Pichai sent to staff
Sundar Pichai, Google's CEO, said in an email sent to the company's staff Friday that the firm will lay off 12,000 employees.
Amazon's drone delivery unit hit with layoffs just as 10-year-old project finally launches
A decade ago, Jeff Bezos touted Amazon's future in drone delivery, but the program has been beset with challenges and now faces job cuts.
Apple grew more slowly than Google, Amazon, Microsoft and Meta, and has so far dodged major layoffs
Google, Amazon, Microsoft and Meta all went on hiring sprees during the Covid era, and now they're all cutting employees. Apple is an exception (so far).
New weight loss drugs trending with billionaires and celebrities are about to enter more American homes
Online health startup Ro is getting into weight loss medicine, offering patients the trending obesity and diabetes GLP-1 class of drugs and real-time tracking.
Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empire
Genesis, the crypto lender owned by DCG, filed for bankruptcy protection, the latest collapse to follow FTX's implosion in November.
Google is delaying a portion of employee bonus checks
Instead of paying full bonuses in January, Google is deferring 20% of bonus checks by at least two months, according to documents viewed by CNBC.
Binance was final destination for millions in funds from Bitzlato, exchange shut down for alleged money laundering
Blockchain data shows that tens of millions of dollars moved from Bitzlato through intermediaries to Binance.
Netflix blows away expectations on subscriber numbers
Netflix reported earnings after the bell. Here are the results.
Amazon discontinues charity donation program amid cost cuts
Amazon is axing the program as CEO Andy Jassy undergoes a sweeping review of the company's costs.
Netflix founder Reed Hastings is giving up his CEO role
Hastings co-founded Netflix in 1997. Ted Sarandos was promoted to co-CEO alongside Hastings in July 2020.
Texas Instruments replaces CEO Rich Templeton with current operating chief Haviv Ilan
The chipmaker tried a similar move in 2018 but the operating chief selected to become CEO ended up resigning for violating conduct rules.
Early Facebook investor says Zuckerberg isn't cutting costs fast enough
Jim Breyer believes Meta isn't cutting costs fast enough and that the metaverse is years away.
Instagram just got an update that gives you more control over what you see in your feed
Instagram rolled out an update focused on teens, which include a notification-silenced mode called Quiet time and enhanced filters for users' feeds.
Ad mogul sees Meta rebounding 'extremely strongly,' Amazon ad revenue hitting $100 billion
Advertising titan Martin Sorrell believes Meta will rebound "extremely strongly this year" and sees a promising outlook for U.S. tech giants, despite a bruising 2022 and mass layoffs.
$1.4 trillion wipeout hits crypto industry at Davos — except for a lone flashy orange bitcoin car
After the 2022 crypto crash, fewer crypto companies were features on the Davos Promenade as the industry keeps spending in check.
Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG
Crypto publication CoinDesk has engaged Lazard as it considers a full or partial sale of the business, a subsidiary of Barry Silbert's Digital Currency Group.
Amazon set to begin new round of layoffs affecting more than 18,000 people
Earlier this month, CEO Andy Jassy said in a memo the company was looking to eliminate as many as 18,000 roles.
Amazon, Meta and Google buy more clean energy than any other companies
While companies across the board have been steadily increasing their acquisition of wind and solar power, the tech sector has dominated.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
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