Oracle drops after CEO delivers low earnings guidance on call
The company said it was increasing quarterly dividends, even as it ramps up investments to support increases in cloud consumption.
CNBC Technology
South Korean e-commerce giant Coupang tops $84 billion market cap after soaring in market debut
Founded in 2010 by Korean-American billionaire Bom Kim, Coupang made a name for itself through its guaranteed same-day or next-day delivery service.
Roblox shares jump after Cathie Wood's fund buys on first trading day
The Ark Next Generation Internet ETF added more than 500,000 shares of the stock, which accounted for about 0.5% of the fund's portfolio.
Welcome to the metaverse, the sci-fi dream behind Roblox's $38 billion valuation
Roblox bets it can build a virtual universe where billions play, work and socialize.
Bumble tops revenue estimates in its first quarterly report as a public company; shares rise
The company reported 2.7 million paying users for the fourth quarter, up 32.5% from the fourth quarter of 2019.
How indie game makers turned Roblox into a $30 billion company
More than 1,250 developers made at least $10,000 last year through virtual sales in their Roblox games, and the company is increasing payouts to them.
Beeple NFT becomes most expensive ever sold at auction after fetching over $60 million
An NFT by the artist Beeple sold at Christie's for over $60 million, making it the most expensive NFT ever sold at auction.
Coupang is set to make its trading debut on the NYSE. Here's what one strategist is telling clients
The company said it had priced 130 million shares at $35 apiece, raising $4.55 billion and valuing the company around $60 billion.
DeepMind is building a team of A.I. researchers in New York
The co-founder of Facebook AI Research is now helping rival DeepMind to build a team in New York.
Chinese tech giant Baidu could raise $3.6 billion in Hong Kong listing this month
Baidu joins a long list of Chinese tech companies that are currently listed in the U.S. and that have done secondary offerings in Hong Kong, including Alibaba.
Five charts that show how Covid-19 stopped the U.S. economy in its tracks
One year ago, the coronavirus pandemic stopped the U.S. economy in its tracks. Here's a look at how the virus shut down commerce using five data points.
After dethroning Huawei in China, Oppo launches high-end smartphone in global push
Oppo is hoping its new flagship device, Find X3 Pro, will help boost market share abroad so it can take on the likes of Xiaomi, Apple and Samsung.
Tesla's China-made Model Y takes off despite holiday car sales slump
Tesla's Model Y was the third best-selling electric car in China in February, according to data released Wednesday by the China Passenger Car Association.
Russia says it is slowing down Twitter to protect citizens from illegal content
Russia has announced that it plans to throttle speeds on social media platform Twitter for failing to remove illegal content from its platform.
Apple picks German city of Munich for major chip lab
Apple has announced that it plans to create a major new chip lab in Munich as part of a 1 billion euro ($1.19 billion) investment into Germany.
Roblox CEO Baszucki is worth over $4 billion, and his college bud's VC firm just made a windfall
After Roblox's market debut on Wednesday, CEO David Baszucki owns stock worth $4.6 billion, while Index Ventures has shares valued at $3.7 billion
Roblox jumps to $38 billion market cap as public investors get their first crack at the popular kids game app
Kids gaming company Roblox held its direct listing on Wednesday after the app's popularity surged during the pandemic.
Apple reportedly cuts orders for iPhones by 20% due to low demand for iPhone 12 mini
Apple is still expecting to build 230 million iPhones in 2021, up 11.6% from 2020, according to Nikkei Asia.
Rob Gronkowski will sell NFTs of his best Super Bowl moments
Rob Gronkowski will put more than 300 non-fungible tokens up for sale featuring Super Bowl highlights on the OpenSea marketplace.
YouTube reaches 120 million people watching on TV screens per month
YouTube will use its television growth to chase more advertisers.
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