Technology
Facebook’s former CTO Mike Schroepfer explains why he’s turning his attention to climate change
Mike Schroepfer, chief technology officer of Facebook Inc., listens during the Wall Street Journal Tech Live global technology conference in Laguna Beach, California, U.S., on Monday, Oct. 21, 2019. The event brings together investors, founders, and executives to foster innovation and drive growth within the tech industry. Bloomberg | Bloomberg | Getty Images When longtime […]
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Elon Musk countersues Twitter over merger, but details aren’t yet public
Tesla CEO Elon Musk. Patrick Pleul | AFP | Getty Images Elon Musk countersued Twitter on Friday, intensifying the conflict between the Tesla CEO and the social networking company he agreed to buy, but the lawsuit is not yet available to the public. It wasn’t clear why Musk wanted to carry out a countersuit in […]
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The death of easy money: Why 20% annual returns are over in crypto lending
PARIS — Celsius and Voyager Digital were once two of the biggest names in the crypto lending space, because they offered retail investors outrageous annual returns, sometimes approaching 20%. Now, both are bankrupt, as a crash in token prices — coupled with an erosion of liquidity following a series of rate hikes by the Federal […]
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Uber unveils new features, including one that lets drivers choose the trips they want
Uber app on a smart phone. Alex Kraus | Bloomberg | Getty Images Uber announced a series of new features Friday aimed at enhancing driver experiences on the ridesharing app as drivers continue to contend with high gas prices and inflation rates. Drivers across the U.S. will be able to see exactly how much they’ll […]
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The Elon Musk-Twitter trial will start October 17
“The past two years have been an absolutely nightmare of supply chain disruptions, one thing after another, and we are not out of it yet,” Tesla CEO Elon Musk said. Patrick T. Fallon | Reuters Twitter and Tesla CEO Elon Musk will go to trial starting on October 17 in Delaware to resolve Musk’s attempt […]
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Intel stock slumps 11% after poor earnings show softening demand for PCs
Pat Gelsinger, CEO, of Intel Corporation, holds a semiconductor chip while testifying during the Senate Commerce, Science, and Transportation hearing titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel stock is down 11% on Friday, a day […]
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Roku plunges 25% after missing earnings
In this photo illustration, a hand holding a TV remote control points to a screen that displays the Roku logo. Rafael Henrique | Lightrocket | Getty Images Shares of Roku plunged more than 25% on Friday, a day after the company reported second-quarter earnings that missed both top and bottom-line estimates. The company posted earning […]
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Amazon shares rally after strong second quarter and guidance
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 jumped more than 10% in premarket trading Friday, a day after the company posted stronger than expected second-quarter revenue and gave upbeat guidance. Sales […]
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Amazon, Apple, Google and Tesla have all done it. Here’s why companies split their stock
Google is just one of dozens of companies recently making its stock more affordable. The tech giant’s parent company, Alphabet (GOOGL), split its two classes of shares (GOOG) by a 20-to1 ratio in July. Amazon (AMZN) made the same 20-for-1 move in June while Tesla (TSLA) announced around the same time that it’s going with […]
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Apple’s iPhone sales are creating a strong ‘moat’ for the tech giant, analysts say
The iPhone is still king at Apple. Analysts cheered the company’s latest quarterly results which came in above consensus expectations, thanks in large part to the company’s strong iPhone sales. Apple reported $40.7 billion in iPhone sales in the June quarter, above consensus and up nearly 3% on the year. Several analysts noted that Apple’s […]
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