Bitcoin has become a lifeline for sex workers, like this former nurse who made $1.3 million last year
Shut out of the traditional economy, sex workers and adult entertainers are embracing cryptocurrency to secure their finances.
CNBC Technology
Peloton stock surges on reports Amazon and Nike are among potential buyers
Peloton has been battered and beaten down so much so in recent months that the connected fitness company is now attracting interest from outsiders.
Snap shares rocket as much as 62% on first-ever quarterly net profit
Snap reported earnings for the fourth quarter Thursday that beat analyst estimates on earnings, revenue and user growth.
Google Fiber workers in Kansas City face union-busting efforts ahead of vote to organize
At a Google Fiber location in Kansas City, workers are getting ready to vote on whether to form a union.
Thiel Capital and regional airline Mesa invest in electric seaglider start-up Regent
Mesa Air Group plans to buy 200 electric seagliders from Boston start-up Regent to establish new direct, city-to-city coastal routes in the U.S.
Apple reportedly preparing low-cost iPhone, iPad for March launch
The report says that Apple could release a new low-cost iPhone and iPad at the event and potentially a new Mac.
Amazon's profit engines are humming, cushioning the blow from the retail slowdown
Amazon reported better-than-expected revenue in its cloud computing division and showed that its ad business is approaching $10 billion a quarter.
Snap shares soar more than 58% after earnings show it's weathering Apple's privacy changes
In contrast, Facebook parent Meta reported a day earlier that the Apple changes would result in a $10 billion revenue hit this year.
Cutting-edge gallium nitride tech could help EVs charge three times faster
Navitas Semiconductor, a company that makes tech for super-fast phone chargers with gallium nitride semiconductors, says electric vehicles are its next big bet.
Zucker leaving CNN may change the long-term plans for CNN+, sources say
Zucker's exit from CNN may ease Discovery CEO David Zaslav's integration of CNN into his broader streaming strategy, sources say.
Facebook is the big loser of the fourth quarter's advertising wars
Facebook, now Meta, has emerged as the fourth quarter's biggest loser in the hotly contested advertising wars.
Volvo and Northvolt to build gigafactory in Sweden with a former Tesla exec in charge
Volvo Cars plans to become a "fully electric car company" by the year 2030.
Facebook's $232 billion fall sets record for largest one-day value drop in stock market history
Facebook's parent company Meta set a new record for the largest one-day valuation drop in stock market history.
Chip giants are ramping up spending by the billions as semiconductor demand booms
TSMC, Intel and Samsung are all planning to make significant investments into semiconductor manufacturing this year.
Pinterest jumps more than 25% on earnings beat as tech stocks bounce back
Before the report, Pinterest stock had dropped 10% on Thursday, after social networking competitor Meta reported an outlook worse than expectations on Wednesday.
Bitcoin miners are helping the Texas grid brace for winter storm impact
As a major winter storm descends on Texas, crypto miners are powering down operations to help ease the burden on the state's already beleaguered power grid.
Amazon shares soar on cloud revenue beat and huge profit gain from Rivian stake
Amazon on Thursday reported a big beat on the top line in its fourth quarter results, driven by a gain on its stake in electric vehicle company Rivian.
Facebook stock plummets 26% in its biggest one-day drop ever
Other tech stocks were down Thursday following Facebook's plunge.
Amazon has a $31 billion a year advertising business
Amazon's advertising services unit is larger by revenue than the advertising portion of Microsoft, as well as total revenue for Pinterest and Snap.
Airbnb survived Covid, but the crisis mode in "sharing" economy stays
Airbnb survived Covid and completed an IPO amid pandemic that was doubted, but its success is linked to a sharing economy model with as many critics as fans.
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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