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.”
CNBC Technology
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.
The owner of this tiny $875 rig mines bitcoin using free electricity at Starbucks
Idan Abada's rig looks different from the rows of whirring ASICs that have become synonymous with crypto mining. But at today's prices, he's losing money.
Google postpones return to work until October, will require vaccinations
It's the second delay to office returns amid the ongoing Covid-19 pandemic.
Spotify stock dips after reporting weak total monthly user growth
The streaming company posted 365 million monthly active users, up 22% year-over-year. But it fell short of its guidance of 366 million to 373 million users.
YouTube is a proven juggernaut that rivals Netflix in the streaming wars
YouTube continues to grow at an astounding rate, with ad revenue up 83% from a year ago, Alphabet reported Tuesday.
State AGs plan to fight court dismissal of their antitrust claims against Facebook
The Federal Trade Commission has until August 19 to file an amended complaint against Facebook.
Microsoft posts big earnings beat and gives optimistic revenue forecast
Microsoft beat expectations for earnings and revenue, with Azure cloud revenue growing 51%, and the company gave a rosy revenue forecast.
Nissan 'cannot be optimistic' about the ongoing global chip shortage, CEO says
Makoto Uchida, the CEO of Nissan, said that the global chip shortage needs to be closely monitored as supply issues are yet to be fully resolved.
Chinese tech giants are snapping up gaming studios around the world
After decades of the U.S. and Japan dominating the gaming space, China's influence is growing as its tech giants snap up gaming studios around the world.
Binance CEO says he’s willing to step down as world's biggest crypto exchange welcomes regulation
Binance CEO Changpeng "CZ" Zhao said he's willing to step down from his role as the cryptocurrency exchange seeks to become a regulated financial institution.
Google advertising revenue rises 69% from last year
Alphabet reported earnings after the bell. Here are the results.
Apple's iPhone hot streak is going to run into the global chip shortage
On Tuesday, Apple CEO Tim Cook warned about silicon "supply constraints" that would affect the company's flagship product, as well as the iPad.
New Nokia smartphone is a ‘military grade’ model with 5G that can take a beating
The Nokia XR20 comes with a tough 6.67-inch Gorilla Glass Victus display, 5G internet and a dual-lens camera.
Apple demolishes earnings expectations, but stock falls after iPhone chip supply warning
Apple reported earnings on Tuesday. Here are the results.
The co-founder of Chinese smartphone maker OnePlus is taking on Apple with $99 wireless earbuds
OnePlus co-founder Carl Pei's new hardware start-up Nothing unveiled its first product Tuesday, a set of wireless earbuds called Ear 1.
This food delivery giant is down over 20% in 2021. An investor says enough is enough
Cat Rock Capital, a major shareholder in Just Eat Takeway.com, says the food delivery firm’s communication with investors is “deeply flawed.”
Tesla reports more than $1 billion in net income during Q2, up tenfold from a year ago
Elon Musk's electric vehicle company beat expectations on both the top and bottom lines, and passed $1 billion in quarterly net income for the first time.
Europe’s proposed A.I. law could cost its economy $36 billion, think tank warns
A new law designed to regulate artificial intelligence in Europe could end up costing the EU economy 31 billion euros ($36 billion) over the next five years.
South Africa port operations halted and workers reportedly put on leave after major cyberattack
Transnet, a state-owned South African rail, port and pipeline company, appears to be in crisis mode after a cyberattack hit the company last week.
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