Technology
Bitcoin drops below $30,000, as hot inflation report causes investors to shun risky assets
A Bitcoin coin lies on a screen showing the Bitcoin – US dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images The price of bitcoin fell below the $30,000 mark on Wednesday for the second time this week, after new data showed inflation is still running near 40-year highs. Bitcoin fell about 7% […]
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Europe wants to fight online child abuse. Critics fear it may erode privacy
Policymakers have long wrestled with tech giants over the potential abuse of encrypted messaging services such as WhatsApp and iMessage. Chesnot | Getty Images The European Union on Wednesday unveiled tough new proposals that would require online platforms to more aggressively screen and remove child abuse online. Proposed legislation would allow EU countries to ask […]
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Tech is hitting the brakes on hiring, but that doesn’t mean a broader slowdown is coming
San Francisco Compassandcamera | Getty Images U.S. employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider […]
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Roblox shares sink on disappointing revenue and wider-than-expected loss
David Baszucki, Co-Founder and CEO, Roblox, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Roblox shares fell about 10% in extended trading on Tuesday after the kids’ video game company issued first-quarter results that trailed analysts’ estimates. Here’s how the […]
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Elon Musk says he would lift Twitter ban on Donald Trump after deal closes
Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk said Tuesday he would reverse Twitter’s ban on former President Donald Trump if his acquisition goes through. “Permanent bans should be extremely rare and really reserved for accounts that are bots, or scam, spam accounts… I do think […]
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Apple discontinues the last iPod model
Steve Jobs at Macworld in 2004. Getty Images Apple is discontinuing the iPod touch, the last version of the portable music player it still sells. The announcement ends an era of digital music that Apple kicked off when it first introduced the iPod in 2001, boasting of its ability to hold “up to 1,000 CD-quality […]
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Netflix could introduce ads, crack down on password sharing by the end of this year, source says
Reed Hastings, co-founder, chairman, and co-chief executive officer of Netflix, arrives for the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S. July 6, 2021. Brian Losness | Reuters Netflix could roll out its lower-price, ad-supported tier as early as this year, a source familiar with the matter told CNBC. Netflix […]
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Amazon stock has lost nearly all of its gains from the pandemic
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Shares of Amazon have now given up nearly all of their gains from the pandemic. If the stock dips to $2,170 apiece, slightly below where it closed […]
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Bitcoin investors are panicking as a controversial crypto experiment unravels
Bitcoin is now down 50% from its November all-time highs. Artur Widak | Nurphoto | Getty Images Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips further from its intended $1 peg. TerraUSD, or UST, sank below 70 cents for the first time late Monday, as holders continued to flee the […]
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Bitcoin dips below $30,000, drops more than 56% from its all-time high
Bitcoin dropped below the $30,000 level late Monday, breaching a symbolic price threshold. At its lowest price point, the world’s most popular cryptocurrency was more than 12% lower on the day — and more than 56% off its November all-time high of around $69,000. The last time bitcoin traded below $30,000 was in July 2021, […]
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