Facebook creates exec team to work on Mark Zuckerberg's vision for a digital universe
The metaverse team will be part of Facebook's virtual reality group, Reality Labs, executive Andrew Bozworth said in a Facebook post on Monday.
CNBC Technology
Ex-Cisco CEO discourages his start-ups from doing business in 'unpredictable' China
"I think it will probably get a little bit tougher before it gets better," former Cisco CEO John Chambers told CNBC on Monday.
Bezos offers to cover $2 billion in NASA costs in exchange for astronaut lunar lander contract
NASA in April awarded Elon Musk's SpaceX with a sole $2.89 billion contract to build the next crewed lunar lander under its Human Landing Systems program.
A tax loophole is helping bitcoin holders save tons of cash by avoiding federal taxes
With crypto tokens, wash sale rules don't apply, meaning that you can sell your bitcoin and buy it right back, whereas with a stock, you would have to wait 30 days.
More money chases Indian tech start-ups as investors shun Chinese names
Shares of food-delivery app Zomato soared as much as 82% in their debut on the National Stock Exchange of India.
China’s digital yuan could pose challenges to the U.S. dollar
Researchers are digging into Central Bank Digital Currencies and what a CBDC could look like in the U.S.
Why some investors are banking on a bitcoin IRA instead of Social Security
More investors are turning to self-directed IRA accounts as a way to bet on bitcoin in their retirement portfolios.
Start-ups will suffer from antitrust bills meant to target Big Tech, VCs charge
Congress is considering a slate of new antitrust laws to rein in Big Tech power, including merger restrictions on the largest firms.
Zoom's lightning-fast ascent to $100 billion made big acquisitions a sudden priority
Zoom's $14.7 billion acquisition of Five9, one of the largest cloud transactions on record, is the first sign of the company using its hefty market to do deals.
Buildings are a bigger contributor to climate change than cars — these start-ups are trying to help
If we're going to solve climate change, we need to rapidly decarbonize buildings. Here are the companies working to get buildings off of fossil fuels for good.
China orders Tencent to give up exclusive music licensing rights as crackdown continues
China's antitrust regulator ordered Tencent to give up its exclusive licensing rights with international record labels and slapped a $$77,000 fine on the company.
Rivian raises $2.5 billion in new funding round led by Amazon, Ford
The electric vehicle start-up said it has raised about $10.5 billion to date.
Uber's stake in Didi shrank by $2 billion this week amid China crackdown on U.S. listings
After Didi's stock market debut last month, Uber owned a stake worth over $9 billion in the Chinese ride-hailing company. That's dropped by half.
Shares of Snap close up 23% day after earnings beat
Snap stock soared Friday, as the company continued to ride its strong second-quarter earnings beat across the board.
Amazon is hiring a digital currency and blockchain expert, signaling a growing interest in cryptocurrency
Currently, Amazon doesn't accept any cryptocurrencies as payment for its products.
Actor Adrian Grenier explains why bitcoin is central to his plan to build a communal farm in Texas
Adrian Grenier of HBO's "Entourage" believes that fiat currencies like the U.S. dollar are on the way out, and bitcoin is poised to take their spot.
Alphabet launches new robotics software company Intrinsic
Alphabet's new company is a robotics software firm named Intrinsic. The segment comes out of X, Alphabet's "moonshots" division.
Vista Equity considers sale of Tibco, which it bought for $4.3 billion in 2014, sources say
Vista Equity Partners is exploring a sale of Tibco Software, will meet with bankers in the coming days, sources say.
UK contact tracing app downloads spike despite fears of a 'pingdemic' as Covid cases surge
The NHS Covid-19 app was downloaded 161,000 times last week, according to App Annie, up from 131,000 in the previous week.
Snap pops more than 16% on earnings beat and user growth
Snap on Thursday reported its second quarter earnings, beating expectations across the board for earnings, revenue and user growth.
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