Angel investor Jason Calacanis discussed the Trump administration's small business loan program, Uber's acquisition of Postmates and media coverage of the tech industry in a "Squawk Alley" interview on Tuesday.
Uber, which had expected to turn a profit by Q4 2020, withdrew its guidance in May as the Covid-19 pandemic continued to upend daily life. But its bet on the food delivery business could push it forward.
The comments from Secretary of State Mike Pompeo come amid rising tensions between the U.S. and China and as scrutiny on TikTok and Chinese technology firms continue to grow.
The JumpStart Tax is a blow to Amazon, which fought the passage of a so-called head tax in 2018 via a well-financed referendum campaign alongside other Seattle businesses.
Needham analysts said Tuesday they were lowering revenue estimates for Google's second quarter to down 7% year-over-year because of the company's declining U.S. search revenue.
Facebook COO Sheryl Sandberg said the company is releasing a long-planned audit of its civil rights practices on Wednesday, after meeting with civil rights groups who are helping to organize and advertiser boycott. But Anti-Defamation League CEO Jonathan Greenblatt isn't buying it.
Deutsche Bank said on Tuesday it has agreed a strategic, multiyear partnership with Google to give the German lender access to cloud services and drive innovation in technology-based financial products for clients.
Samsung did not provide a breakdown of how each unit performed in Tuesday's guidance but flagged a one-off gain in the display business, which counts Apple as a customer.
"We're simply asking them to ensure that people are safe and our democracy is protected," NAACP CEO Derrick Johnson said ahead of a meeting with Facebook top brass.
The monumental challenge of tackling venture capital's systemic lack of diversity is going virtual with programs from Diversity VC and Included VC moving online.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.