Chinese food delivery giant Meituan tanks 9% after Tencent reportedly plans to divest $24 billion stake
Tencent, which owns 17% of Meituan, is planning to placate domestic regulators and cash in on its eight-year-old investment, Reuters reported.
CNBC Technology
SoftBank-backed Ola to launch first electric car in 2024
Ola's venture into India's electric car market will see it compete with companies like Tata Motors.
Salman Rushdie's 'The Satanic Verses' leaps to top of Amazon bestseller lists
The author's "The Satanic Verses" topped several Amazon's bestselling book lists on Tuesday, days after he sustained serious injuries in a stabbing.
Apple tells employees to work at the office three times per week starting in September
The move is a sign that Apple remains committed to in-person work.
How to quickly scan, sign and send documents with your iPhone
Next time you need to scan, sign and send a document, use the Notes app on your iPhone or iPad.
Apple reportedly plans to put ads in more apps on your iPhone
Apple's advertising business, which generates about $4 billion annually, is planning to expand.
Andreessen Horowitz announces plans to invest in Adam Neumann's new residential real estate company
Venture capital firm Andreessen Horowitz announced Monday that it plans to invest in Adam Neumann's new residential real estate company called Flow.
Unity shares drop 7% after board rejects acquisition by AppLovin
Gaming software company Unity rejected AppLovin's proposal to buy the company for $20 billion.
Voyager customer lost $1 million saved over 24 years and is one of many now desperate to recoup funds
Voyager Digital had 3.5 million customers, and many are now doing everything they can to try and get some of their money back.
HBO Max cuts 14% of staff, or 70 employees, mainly in casting, acquisitions and reality TV divisions
The cuts are part of a larger Warner Bros. Discovery effort to reduce costs.
Bitcoin tops $25,000 for the first time since June before slipping
Bitcoin briefly topped $25,000 to hit its highest level in June before falling sharply as the cryptocurrency struggles to make any significant move higher.
Chinese tech giants share details of their prized algorithms with top regulator in unprecedented move
Chinese tech giants from Alibaba to Tencent have shared details of their algorithms with the country's powerful cyberspace regulator in an unprecedented move.
German energy giant RWE to burn extra coal as Russian gas supplies dwindle
Germany is recommissioning some of its coal-fired power plants in order to compensate for a lack of Russian gas.
Elon Musk says Tesla has made over 3 million cars
"Congrats Giga Shanghai on making millionth car! Total Teslas made now over 3M," Musk tweeted.
Blumhouse's 'The Black Phone' shows that horror, and original storytelling have a place at the box office
Blumhouse and Universal's "The Black Phone" has surpassed $150 million at the global box office.
Cloud stocks are rallying after a punishing start to the year as 2022 outlook brightens
Investors are again buying up cloud stocks after quarterly reports showed that demand remains strong.
Salman Rushdie reportedly on a ventilator and unable to speak after he was stabbed
Salman Rushdie was attacked at a Chautauqua Institution panel in western New York on Friday.
Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit
As the balance of power in the startup world shifts to those holding the purse strings, the industry has settled on a new math that founders need to accept.
Blumhouse, studio known for highly profitable horror films, is no longer producing Mattel's Magic 8 Ball movie
Blumhouse is no longer producing Mattel's Magic 8 Ball movie.
Toast shares pop as revenue beats estimates and forecast shows more restaurants are going digital
Toast said it added a record number of net new locations and beat revenue estimates as restaurants rely on the company's technology for sales and efficiency.
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