This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here's why
A price crash, the collapse of key crypto projects, interconnected loans and the inability to repay debt have been key features of the latest downturn.
CNBC Technology
Richard Branson takes a stake in Lightyear, a start-up hoping to become Europe's answer to Robinhood
Lightyear, a stock trading app based in the U.K., has raised $25 million in fresh funding to expand its presence across Europe.
Tesla AI leader Andrej Karpathy announces he's leaving the company
Big changes are afoot within Tesla's Autopilot unit as AI leader Andrej Karpathy announces he's no longer working for the company.
Netflix partners with Microsoft on ad-supported subscription plan
The streamer announced in April that it was planning on rolling out an ad-supported tier after years of resisting the move.
Panasonic reportedly building new factory in Kansas to produce batteries for Tesla and rest of EV industry
The Panasonic plant will reportedly supply Tesla, whose demand for batteries is increasing as it ramps up production.
Unity shares down 13% on lowered 2022 guidance, merger agreement with IronSource
Unity shares sank 13% in premarket trade Wednesday after it announced merger agreement with IronSource and lowered 2022 guidance.
Google CEO Pichai says company will slow hiring through 2023 in memo to employees
Sundar Pichai, Google's CEO, told employees that the company will slow the pace of hiring and investments through next year.
IPO market stays dormant as Justworks and Fresh Market withdraw their filings
The IPO market has been largely frozen this year as investors flee risk. That doesn't appear to be changing anytime soon.
Bill Gates donates $20 billion to personal foundation as it works to ramp up spending
The donation brings the foundation's endowment to about $70 billion.
Here are Twitter's biggest accusations against Musk in its lawsuit
Twitter alleges Musk willingly offered and agreed to terms that were "as he touted, 'seller friendly.'"
Nike is making a strategic shift in how it manufactures NCAA fan apparel in deal with Fanatics
Fanatics is entering into a long-term partnership with Nike to manufacture college sports fan apparel.
Chinese gaming stocks jump after Beijing approves new titles in a sign scrutiny is easing
Chinese regulators have approved three batches of games since April, a sign that the crackdown on the gaming sector may be easing.
OnePlus co-founder makes smartphone comeback with a quirky iPhone competitor
Nothing, the hardware venture of OnePlus co-founder Carl Pei, officially pulled the wraps off its first smartphone Tuesday.
Four cases lawyers for Twitter and Elon Musk will be examining as they head to court
A look at past specific performance cases may help assess Twitter's chances of forcing Elon Musk into buying the company.
Facebook cuts hundreds of custodial jobs after ending contract with facility management vendor
More than 350 custodial workers at Facebook's headquarters are about to lose their jobs after the company ended its contract with ABM Industries
Twitter sues Elon Musk to enforce original merger agreement
Twitter filed suit against Elon Musk Tuesday after the billionaire said he was terminating his $44 billion deal to buy the company.
Founders of bankrupt crypto hedge fund 3AC go missing, as investors try to recoup assets
Lawyers representing 3AC's creditors say the physical whereabouts of Zhu Su and Kyle Davies are "currently unknown."
Amazon launches cancer vaccine clinical trial in partnership with Fred Hutchinson
Amazon is listed as a collaborator on a filing for an FDA-approved clinical trial, which seeks to develop vaccines to treat breast and skin cancers.
Delivery startup Gopuff cuts 10% of its global workforce and closes 76 U.S. warehouses
Gopuff is cutting 10% of its global workforce and closing down 76 U.S. warehouses as an effort to keep profitability in a deteriorating economic environment.
Goldman Sachs hires Alphabet tech incubator CEO Jared Cohen for new innovation group
It's the latest step Goldman CEO David Solomon has taken to inject a technology focus into the 153-year-old investment bank.
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