Technology
Facebook plans to reduce hiring as revenue growth slows and inflation concerns increase
Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Zuckerberg testified about Facebook’s proposed cryptocurrency Libra, how his company will handle false and misleading information by political leaders during the 2020 campaign and how it handles […]
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France becomes first big European nation to grant crypto giant Binance regulatory approval
Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called “Web3” start-ups. Benjamin Girette | Bloomberg | Getty Images Binance has been granted approval from regulators to operate its cryptocurrency exchange in France. The company is now listed as a registered […]
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An original Uber, Lyft competitor still trying to build a new rideshare model
Logo for Getaround peer-to-peer car sharing service on the side of a car in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. After a […]
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California governor issues executive order on crypto as state embraces blockchain technology
California Governor Gavin Newsom speaks at a press conference in Oakland, California, on Wednesday, on Feb. 9, 2022. Medianews Group/east Bay Times Via Getty Images | Medianews Group | Getty Images Tech investors and businesses in California have been betting on crypto for well over a decade. Now, the governor of the U.S. state with […]
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Here’s what a former Twitter engineering head thinks about Elon Musk’s plan
Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images The following is a selection from Big Technology, a newsletter by Alex Kantrowitz. To get it in your inbox each week, you can sign up […]
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Lyft shares drop 30% on disappointing guidance
Lyft President John Zimmer (R) and CEO Logan Green speak as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. Mike Blake | Reuters Lyft shares plunged 30% Wednesday as investors expect short-term headwinds to weigh on the company. Lyft reported better-than-expected results on both the top and bottom […]
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Uber reports surging revenue as drivers return, but posts massive loss on investments
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber on Wednesday reported surging revenue during the first quarter as the rideshare company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to […]
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Chinese ride-hailing giant Didi says U.S. regulator is investigating its $4 billion IPO
Didi said in its annual report that it’s being investigated by the U.S. Securities and Exchange Commission. The SEC opened the probe after Didi’s U.S. IPO last year. Sopa Images | Lightrocket | Getty Images The U.S. Securities and Exchange Commission is investigating Didi after its tarnished initial public offering, adding further pressure on the […]
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How Ireland lost its chance to become Big Tech’s ‘super regulator’
Many of the largest U.S. tech firms hold their European headquarters in Dublin. Artur Widak | Nurphoto | Getty Images Incoming EU rules forcing Big Tech to police content on the internet more aggressively will be enforced directly by the European Commission, a move experts say will diminish the role Ireland has played so far […]
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Lyft shares plunge on light guidance, continued driver incentives
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Shares of Lyft lost more than a quarter […]
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