Activist Elliott builds roughly 13% stake in Etsy, secures board seat
Activist investor Elliott Management has a "sizable" investment in e-commerce firm Etsy.
CNBC Technology
Okta to lay off 7% of staff, about 400 employees
Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company's headcount.
Neuralink competitor Synchron to ramp up brain implant production with equity stake in manufacturer
Synchron is readying for commercial demand as the company inches closer to bringing its device to market.
Tesla upgrades Model Y in China as BYD competition heats up
The Tesla Model Y in China will come with Hardware 4.0 (HW 4.0) — a set of cameras, sensors and computer — free of charge when a customer purchases the car.
Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300%
Payments giant Mastercard has built its own proprietary generative AI model to help its bank network detect and root out fraudulent transactions.
Meta, X, TikTok, Snap and Discord face growing appetite in Congress for tighter social media regulation
Wall Street doesn't seem worried the tech firms will take significant financial hits to their businesses from Congress.
Qualcomm earnings beat estimates as smartphone chip sales suggest recovery
Under CEO Cristiano Amon, Qualcomm has been working to apply its chip technology to markets beyond smartphones.
Wall Street punishes Alphabet and Microsoft despite earnings beats after stocks hit record
Investors were left wanting more from Microsoft and Alphabet after recent rallies lifted their stock prices to all-time highs.
Meta's continued rally could hinge on the fortunes of upstart retailers Temu and Shein
Online retailers Temu and Shein, which are both based in the China region, helped contribute to Meta's ad rebound in 2023.
Meta's Zuckerberg apologizes to victims in tense D.C. hearing: 'I'm sorry for everything you've gone through'
Meta has been hit with a number of lawsuits in recent months over the well-being of children on its apps like Facebook and Instagram.
Microsoft issues light guidance even as Azure growth drives earnings beat
Azure cloud growth delivered in Microsoft's fiscal second quarter, and sales of Windows licenses picked up.
Elon Musk's $56 billion Tesla compensation voided by judge, shares slide
The compensation package the Tesla board gave CEO Elon Musk set a record for publicly traded corporations, a Delaware judge noted in her ruling.
Starboard urges GoDaddy to set ‘prudent’ guidance and offer specifics on cost savings
Jeffrey Smith's activist fund encouraged GoDaddy management to provide detail on improvements and free cash flow generation a few months after its first letter.
Volkswagen sets up its own AI lab as car industry looks to embrace the tech
Several car giants are pushing heavily into AI to boost their technology credentials and make their cars smarter.
Taylor Swift's label UMG to pull music from TikTok, accusing the social media app of bullying
Universal Music Group, which represents megastars from Taylor Swift to Drake, accused TikTok of not paying "fair value" for its music.
Apple Vision Pro review: This is the future of computing and entertainment
In reviewing Apple Vision Pro, CNBC gives you a glimpse into the future of computing.
Former UK finance minister joins Coinbase crypto exchange as an advisor
Coinbase said Wednesday that George Osborne, who served as Britain's chancellor of the exchequer from 2010 to 2016, will join the company as a global advisor.
Samsung Electronics' semiconductor business reports record annual loss
Samsung Electronics released its fourth-quarter earnings report on Wednesday.
Sony is making a bold bet on an African gaming startup to boost PlayStation’s reach in the continent
Sony is hoping to expand PlayStation’s reach in the continent.
AMD shares fall as first-quarter forecast comes in light
AMD makes graphics processing units, or GPUs, which are needed to train and deploy generative artificial intelligence models.
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