Grand jury indicts Trevor Milton, founder of electric carmaker Nikola, on three counts of fraud
Federal criminal fraud charges against Trevor Milton accuse the Nikola founder of lying about "nearly all aspects of the business."
CNBC Technology
Comcast beats earnings expectations, gains record internet customers for quarter
The company said that NBCUniversal's streaming service, Peacock, has 54 million sign-ups as of this week.
At Nikola briefing, SEC official declines to weigh in on Elon Musk's use of Twitter
But SEC Director of Enforcement Gurbir S. Grewal pledged to hold execs accountable for "materially false statements."
Huawei launches new smartphones without 5G as U.S. sanctions, chip shortage bite
Huawei on Thursday launched its new P50 and P50 Pro smartphones without support for super-fast 5G internet.
MacKenzie Scott and Melinda French Gates donate $40 million to gender equality projects
Scott and French Gates are joining forces to support projects focused on advancing gender equality in tech, higher education and caregiving.
Robinhood CEO on the meme stock craze: 'I think it's a real thing'
Robinhood's Vlad Tenev said retail clients who invest in so-called meme stocks give embattled companies access to capital they otherwise wouldn't have.
Here's how Zuckerberg thinks Facebook will profit by building a 'metaverse'
Zuckerberg outlined some of his vision for a metaverse on Facebook's earnings call this week.
The global chip shortage is starting to hit the smartphone industry
On Tuesday, Apple CEO Tim Cook warned silicon supply constraints would affect sales of the iPhone as well as other products like the iPad.
Billionaire investor Chamath Palihapitiya backs UK insurance start-up as it pivots from drones to cars
Venture capitalist Chamath Palihapitiya has invested $10.6 million into London insurance start-up Flock, which is pivoting from drones to cars.
Uber shares drop as Softbank plans to sell shares to cover Didi and other losses
SoftBank has lost about $4 billion on its Didi position in total, CNBC's Deirdre Bosa reported.
Twitter closes San Francisco, New York offices as Covid cases surge
Wednesday's announcement comes just two weeks after the social media company reopened their offices at both cities.
Robinhood valued at $32 billion after selling shares in IPO at $38 per share
Robinhood's was last valued in the private market at $11.7 billion in September, and has since expanded its user base.
Robinhood starts trading Thursday. Here's everything investors need to know
The stock trading app will trade on the Nasdaq under ticker HOOD, priced at an expected $38 to $42 per share.
Facebook beats earnings expectations, but warns of significant growth slowdown
Facebook's results exceeded estimates as the company lapped the first full quarter of Covid impact, leading to the fastest revenue growth since 2016.
Apple will require masks in many U.S. stores regardless of vaccination status
Apple gained a reputation during the Covid-19 pandemic for making evidence-based decisions about where and when it was safe to operate its retail stores.
Qualcomm shares rise as revenue pops 63% driven by chip sales
Qualcomm revenue was up 63% from the same period last year, and earnings per share more than doubled annually in the quarter that ended on June 27.
Facebook requiring U.S. employees to be vaccinated to return to work
The company will continue to evaluate its approach outside of the U.S.
Netflix will require Covid vaccinations for actors and some crew on U.S. productions
Netflix is instituting a vaccination mandate for the cast and crew of all of its U.S. productions, according to a report from Deadline.
Duolingo closes up 36% in Nasdaq debut, valuing company at nearly $5 billion
Language-learning company Duolingo made its market debut Wednesday on the Nasdaq and is now trading under the ticker symbol “DUOL.”
Activision Blizzard CEO calls for investigation amid discrimination suit and employee walkout
Activision Blizzard's CEO laid out a plan to change the company's culture amid an employee lawsuit alleging harassment and discrimination.
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