Amazon shares fall 7% on weak fourth-quarter forecast
Amazon gave weak guidance for the fourth quarter, and its third-quarter revenue fell short of expectations.
CNBC Technology
Lawmakers urge tech CEOs to do more to help Iranian protesters circumvent internet censorship
They told the CEOs of Amazon, Apple, Google, Meta, Microsoft and DigitalOcean that they should be "more proactive" in getting important services to Iran.
Trump applauds Musk's Twitter takeover, says the platform that banned him 'is now in sane hands'
Musk has previously said he would reverse Trump's ban once he owned the company, though the former president said he would not come back.
EU official warns Musk he'll have to 'fly by our rules' as he buys Twitter
After Musk indicated his takeover of Twitter was complete, the EU's Thierry Breton tweeted: "In Europe, the bird will fly by our rules."
Elon Musk now in charge of Twitter, CEO and CFO have left, sources say
Tesla CEO Elon Musk has taken control of Twitter, which he agreed to purchase for $44 billion.
'I don't lose sleep': Bank of America CEO isn't worried about financing the Twitter deal
The CEO of Bank of America doesn't appear worried about funding Elon Musk's Twitter takeover.
U.S. tech giants face pressure from Europe's telcos to pay for building the internet
European telecom groups are demanding firms like Google and Netflix pay them to compensate for the outsized portion of bandwidth they take up on their networks.
Southeast Asia's top digital economies expected to hit $200 billion in 2022, report shows
South East Asia's top digital economies grew faster than expected in 2022 and is set to reach $200 billion in GMV, according to Google, Temasek and Bain & Company.
Facebook used to be a Big Tech giant — now Meta isn't even in the top 20 most valuable U.S. companies
Meta shares are down more than 20% on Thursday, the second time this year they've collapsed after an earnings report.
Amazon stock sinks 13% on weak fourth-quarter guidance
Amazon missed sales estimates for the third quarter, and it gave weak fourth-quarter sales guidance.
Amazon's cloud business just recorded its weakest growth to date and missed analysts' estimates
Amazon Web Services reported weaker-than-expected revenue in the third quarter.
Elon Musk carried a sink into Twitter on Wednesday as deal nears close
A judge gave Musk until Friday at 5 p.m. Eastern Time to complete the deal after she postponed the original trial dates.
Intel announces up to $10 billion in cost reductions through 2025
Intel said that it intends to find cost reductions and efficiencies worth up to $10 billion through 2025. But guidance for the full fiscal year came up short.
Apple beats but comes up light on iPhone sales and services
Apple reported earnings after the bell. Here are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates.
Pinterest shares soar on third-quarter revenue beat as it bucks online ads trend
Pinterest shares jumped over 14% after the company posted third-quarter earnings that beat on both revenue and earnings per share.
Comcast tops expectations as it squeezes out a small gain in broadband subscribers
Comcast added 14,000 new broadband customers, a slight rebound from the previous quarter, when it didn't add any broadband subscribers for the first time ever.
Meta shares plunge 24% to the lowest price since 2016
Shares of Meta continued to sell off on Thursday as investors and analysts digested the company's earnings miss and weak outlook.
Shopify shares pop 17% on smaller-than-expected loss
Shopify reported earnings before the opening bell. Here are the results.
Inside the world's first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion
Sono Motors plans to bring a solar-powered EV to market in mid-2023. Priced at $25,000, it will hit the European market first, with plans to expand in the U.S.
Bitcoin miner Core Scientific issues bankruptcy warning and the stock is down 97% for the year
Bitcoin miner Core Scientific raised the possibility of bankruptcy in an SEC filing.
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