Snowflake shares drop on light product revenue guidance
Snowflake shares fell Wednesday after the company released third-quarter results that beat estimates but offered light product revenue guidance.
CNBC Technology
DoorDash lays off 1,250 employees
Doordash became the latest tech company to lay off staff, with CEO Tony Xu announcing that over 1,200 workers would be laid off as part of broad cost cuts.
Shares of CrowdStrike fall after 'disappointing' earnings, Morgan Stanley says buy the dip
CrowdStrike shares fell Wednesday, a day after the cybersecurity company reported third-quarter results that said new revenue growth was weaker than expected.
Mark Zuckerberg says Apple's App Store policies are not 'sustainable or good place to be'
At the DealBook Summit on Wednesday, Meta CEO Mark Zuckerberg spoke critically of Apple's App Store policies.
Crypto exchange Kraken lays off 1,100 employees
Kraken, one of the world's largest crypto exchanges, announced it is laying off 1,100 workers, or 30% of its headcount.
Feds charge 21 people in global crypto money laundering bust
The U.S. Attorney's Office for the Eastern District of Texas announced on Wednesday that it has charged 21 people in a crypto money-laundering network.
Amazon CEO Andy Jassy says cost-cutting review revealed the economy is 'more uncertain' than previously thought
Amazon commenced a wide-ranging review of costs and discovered the company "needed to streamline our costs," CEO Andy Jassy said.
Meta is downsizing at New York location it opened in 2019
Meta said it's subleasing part of its facilities at Hudson Yards in New York, three years after agreeing to take over 1.5 million square feet there.
Crypto collapse leaves media companies with budget holes as advertising dries up
The collapse of FTX and the ongoing crypto winter means a lot less ad spending will be coming from what was seen as an emerging industry.
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
In a tweet early Wednesday, Musk called on the Fed "to cut interest rates immediately" or risk "amplifying the probability of a severe recession."
European Central Bank says bitcoin is on the 'road to irrelevance'
The remarks are timely, with the crypto industry reeling from one of its most catastrophic failures in recent history: the downfall of FTX.
China EV maker XPeng pops 45% despite posting wider than expected loss; deliveries expected to fall
Chinese electric carmaker XPeng posted a wider than expected loss and its revenue missed expectations in the third quarter.
Amazon touts record sales over holiday shopping weekend
Amazon on Wednesday touted record-breaking sales over the five-day shopping period that began Thanksgiving Day and ended on Cyber Monday.
Apple limited a crucial AirDrop function in China just weeks before protests
AirDrop has become an important tool in protestors' efforts to circumvent authoritarian censorship regimes over recent years.
China's Tencent bets on cloud computing growth abroad as its core video games business takes a beating
The move marks a realization that Tencent needs to find new sources of growth abroad as China's economy slows.
Peter Thiel's VC fund backs TreeCard, a fintech that plants trees when you spend
The deal underscores increased interest from VC investors in companies addressing climate change.
Elon Musk may be luring Apple into a fight with Republicans
Comments that Florida's Republican governor, Ron DeSantis, made Tuesday highlight the risks Elon Musk poses to Apple.
CrowdStrike shares tumble on weaker-than-expected growth in new revenue
CrowdStrike shares dropped after the cybersecurity company said annual recurring revenue was below expectations in part because of "macroeconomic headwinds."
BlockFi lawyer tells bankruptcy court that the priority is to 'maximize client recoveries'
BlockFi's bankruptcy proceedings kicked off on Tuesday, with lawyers from the crypto lender telling the court they would fight to get clients their money back.
Women tech execs rejoice as female-only leadership club opens in San Francisco
The new Chief clubhouse comes after a $100 million funding round from Alphabet's investment arm.
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