These tech stocks have lost more than 20% of their value so far this year
Tech shares hinted toward recovery in the premarket as bond yields stabilized. However, the early rise in share price didn't completely recoup the losses.
CNBC Technology
SoftBank-backed Greensill Capital reportedly files for insolvency
SoftBank-backed Greensill Capital has filed for administration, according to a report from the Financial Times.
Stitch Fix swings to a quarterly loss and softens outlook on shipping delays; shares plunge
The subscription styling service lowered its revenue forecast for the current quarter and fiscal year.
Elon Musk wants to connect RVs and trucks to the internet through SpaceX's Starlink satellites
SpaceX's Starlink is working on an antenna that will connect vehicles like semi-trucks and RVs to its satellite internet network, CEO Elon Musk said
Move over GameStop: Discovery, AMC Networks are latest heavily shorted stocks to see huge 2021 gains
Discovery's new growth narrative around Discovery+ has caused shares to spike as short sellers covered bets.
Amazon spends $131 million to take minority stake in air cargo contractor ATSG
Amazon owns warrants in air freight partners ATSG and Atlas Air.
Facebook's Mark Zuckerberg thinks smart glasses could help combat climate change
Zuckerberg's remarks are notable because he identifies software that could be the hook to get people to wear advanced headsets.
23 House Dems ask Facebook about role of weapons ads in wake of Jan. 6 insurrection
The lawmakers also called on Facebook to provide greater transparency to its advertisers on the context in which their promotions would appear to users.
PayPal is acquiring crypto security company Curv, for less than $200 million
PayPal is acquiring crypto security firm Curv as part of its push into digital tokens, the company announced Monday.
How Salesforce became Silicon Valley's best late-stage tech investor
Salesforce reported a $2.2 billion gain in 2020 from strategic investments, after the IPOs of Snowflake and nCino.
U.S. reportedly prepares action against Russia after major cyberattack
The move comes as the Biden administration begins to grapple with the revelation of another allegedly state-sponsored attack seeming to come from China.
GameStop shares jump after retailer taps Chewy co-founder Ryan Cohen to lead e-commerce shift
Shares of GameStop jumped 11% after the company announced it has tapped Chewy founder Ryan Cohen to lead its shift to e-commerce.
Amazon-backed Deliveroo reveals it lost $309 million in 2020 ahead of IPO
Deliveroo, the Amazon-backed food delivery service, has revealed that it recorded a loss of £223.7 million ($309 million) last year in plans to IPO in London.
Fidelity leads a $376 million investment in Starling, valuing the UK digital bank at $1.5 billion
Starling said it would use the money to expand into Europe, and for anticipated mergers and acquisitions.
Chinese app Meitu buys $40 million worth of bitcoin and ethereum
Meitu follows the likes of Tesla and Square in purchasing bitcoin. But the Chinese appmaker appears to be the first major company to buy ether.
Tesla closes below $600 for the first time since December — here's what's weighing the stock down
The threat of inflation is hurting stocks that are based on presumed future growth, and competition and parts shortages are also hurting.
Jack Dorsey is offering to sell the first tweet as an NFT and the highest bid is $2.5 million
The Twitter CEO shared a link Friday afternoon to a platform called "Valuables," where his March 21, 2006 tweet "just setting up my twttr" was up for bidding.
Coursera files for IPO amid online learning boom
Coursera files S-1 with the Securities and Exchange Commission for an initial public offering to list on the New York Stock Exchange under ticker symbol "COUR."
Money is pouring into carbon removal technologies, but the companies involved struggle to pay for it
The dream is to suck carbon from the air and bury it, but the reality is that some direct air capture companies have to sell the captured CO2 to make more oil.
Tesla launches social platform to spur owners to take political action on its behalf
Tesla is using its updated social platform to spur owners to take political action that benefits Tesla and potentially other EV businesses.
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