Snap reports ‘challenging’ quarter that missed sales and profit estimates
Snap reported first-quarter results on Thursday after the bell.
CNBC Technology
CNN+ will shut down April 30, just one month after launch
WarnerMedia launched the stand-alone news service less than a month ago on March 29.
Apple spent more than it ever has on lobbying as antitrust threats loom
The increased spending reflects, in part, mounting pressure on Apple in Washington and abroad as it faces the prospect of greater regulation.
Amazon launches $1 billion fund to invest in warehouse technologies
The first round of investments is going to companies working on technologies that can speed up deliveries and improve warehouse workers' safety.
Check out Google's new Hudson River campus in Manhattan, a magnet for New York talent
New York is the fastest-growing real estate market for Google outside the San Francisco Bay Area.
U.S. Treasury sanctions Russian bitcoin miners as war enters its third month
For the first time ever, the U.S. Department of the Treasury is taking aim at bitcoin miners operating in Russia.
Meta COO Sandberg reportedly tried to block news story about Activision CEO Kotick
Facebook is now reviewing whether Sandberg violated its rules, unnamed sources told The Wall Street Journal.
Musk to explore potential tender offer for Twitter, has $46.5B in committed financing for deal
Elon Musk is exploring whether to commence a tender offer for Twitter, according to a new securities filing.
HBO grows to nearly 77 million total subscribers as Netflix reports a decline
Earlier this week, Netflix reported its first subscriber loss in more than a decade.
Amazon opens up Prime delivery service to other retailers in its latest move to compete with FedEx and UPS
Buy with Prime enables third-party retailers to take advantage of Amazon's vast shipping and fulfillment network for orders placed on their own site.
Why GM is getting into electric boats
Everything is going electric, including boats. GM recently invested $150 million in one start-up and several others are also developing electric watercraft.
Michael Saylor says investing in MicroStrategy is the closest you'll get to a bitcoin spot ETF
MicroStrategy CEO Michael Saylor says the company doubles as the first and only bitcoin spot exchange-traded fund in the U.S.
Crypto exchange Binance removes Twitter emoji that resembled a swastika after outcry
"Well that was obviously really embarrassing," the company wrote on Twitter.
IBM stock has its best day in two years as analysts raise estimates
Analysts are feeling positive about IBM in the current market climate after the software and consulting company slightly raised its full-year growth view.
Apple store in Atlanta is the first to file for union election
An Apple retail store in the Cumberland Mall in Atlanta, Georgia, has filed for a union election.
Apple union organizers in Georgia say they were inspired by Amazon warehouse workers
If successful, the Cumberland Mall store could be the first unionized Apple location.
Elon Musk says he thinks inflation is worse than reported and likely to continue through 2022
In some cases, Musk said, Tesla suppliers are requesting 20% to 30% cost increases for parts from 2021 to 2022.
Netflix closes down 35% wiping more than $50 billion off market cap
Shares of Netflix plunged Wednesday after the streamer reported it lost subscribers in its most recent quarter.
Tesla reports $18.76 billion in revenue and record margins in Q1
Revenue growth was driven in part by an increase in the number of cars Tesla delivered, and an increase in average sales prices
Legacy media has disrupted Netflix. The consequence may be mutually assured destruction
Instead of legacy media shares soaring as they imitate Netflix, the industry has brought Netflix down to a degree.
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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