Technology
MicroStrategy CEO Saylor moves to chairman role, focusing on strategy and bitcoin
MicroStrategy’s Michael Saylor is leaving his role as CEO to become Executive Chairman of the company, according to a statement released by the company on Tuesday afternoon. The company’s president, Phong Le, will take the reins from Saylor. Saylor has been in the role of chief executive since launching the company in 1989. MicroStrategy went […]
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Airbnb stock slumps despite record-breaking bookings
Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Airbnb beat Wall Street estimates for earnings and posted revenue that was in line with estimates for the second quarter. The company also announced a $2 billion share buyback program. Shares were down about 9% after hours, despite what appeared to be a strong report, […]
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Match shares plunge more than 20% after online dating company misses on revenue and forecast
The Covid-19 pandemic resulted in an increase in people looking for love on dating platforms such as Match Group’s Tinder app. Beata Zawrzel | NurPhoto | Getty Images Match Group shares tumbled 22% in extended trading on Tuesday after the dating site reported second-quarter revenue that missed analyst expectations and issued weaker-than-expected guidance. Here’s how […]
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PayPal jumps as Elliott Management says it has a $2 billion holding in the financial-services company
Dan Schulman, president and chief executive officer of PayPal Holdings Inc., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 10, 2019. The 36th annual event gathers many of America’s wealthiest and most powerful people in media, technology, and sports. Patrick T. […]
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AMD beats on earnings and revenue, but third-quarter forecast comes in light
Lisa Su, president and chief executive officer of Advanced Micro Devices Inc. (AMD), speaks during a launch event in San Francisco, California, U.S., on Wednesday, Aug. 7, 2019. David Paul Morris | Bloomberg | Getty Images AMD reported results for the quarter ending in June that beat estimates for profit and revenue, but the chipmaker […]
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Amazon warehouses face expanded probes into safety hazards as investigators visit three more sites
A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. Clodagh Kilcoyne | Reuters Federal officials are sharpening their focus on Amazon’s workplace safety hazards. Investigators from the Occupational Safety and Health Administration, which is part of the Labor Department, visited Amazon sites near Albany, New […]
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Homeless, suicidal, down to last $1,000: Celsius investors beg bankruptcy judge for help
Celsius Network, once a titan of the crypto lending world, is in bankruptcy proceedings and facing down claims that it was running a Ponzi scheme by paying early depositors with the money it got from new users. Some of the 1.7 million customers ensnared by the alleged fraud are now directly pleading with the Southern […]
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Apple chipmaker TSMC warns Taiwan-China war would make everybody losers
A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images If China were to invade Taiwan, the most-advanced chip factory in the world would be rendered “not operable,” TSMC Chair Mark Liu said in an English-language interview with CNN this week. In the undated interview, […]
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Robinhood’s crypto division fined $30 million by New York financial regulator
People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images The New York State Department of Financial Services announced on Tuesday it […]
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Instagram boss Adam Mosseri to move to London as Meta tries to counter TikTok’s rise
Instagram CEO Adam Mosseri Elizabeth Frantz | Reuters Instagram chief Adam Mosseri is relocating from San Francisco to London, in a bid to boost parent company Meta’s ambition to lure users away from TikTok as it grapples with a slump in users. Mosseri will move to London later this year, and the move will be […]
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