Technology
Pinterest shares soar after report that Elliott Management has acquired a 9% stake
The Pinterest application on a Apple MacBook Air. Guillaume Payen | SOPA Images | LightRocket | Getty Images Pinterest shares jumped over 20% in extended trading on Thursday after The Wall Street Journal reported that Elliott Management has accumulated a stake of over 9% in the company. Elliott, known for its activist investments, has been […]
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Amazon says more than 300 million items sold during ‘biggest’ Prime Day event
A worker sorts out parcels in the outbound dock at Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images Amazon shoppers bought more than 300 million items during this year’s Prime Day sale, up from roughly 250 million in 2021, making […]
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SEC letter to Musk questions tweet about Twitter acquisition
The official profile of Elon Musk on the social network Twitter. Rafael Henrique | Lightrocket | Getty Images The Securities and Exchange Commission asked billionaire Elon Musk for more information on a tweet related to his $44 billion acquisition of Twitter that he’s recently tried to call off, a new regulatory filing Thursday shows. The […]
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How two college friends launched a company that has helped save 32 terawatt hours of energy and more than $3 billion in energy bills
The founders of Opower, Daniel Yates and Alex Laskey. Brooks Kraft | Corbis News | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Before Alex Laskey launched an energy efficiency company in 2007, he was primarily working on political campaigns, “almost […]
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Chipmaker Intel starts informing customers of price-hike plan
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 Corp said on Thursday it has started informing customers […]
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Facebook-owner Meta releases first human rights report
Expectations were already low going into Meta’s latest quarterly results, which were a mixed back. Sopa Images | Lightrocket | Getty Images Facebook-owner Meta released its first annual human rights report on Thursday, following years of accusations that it turned a blind eye to online abuses that fueled real-world violence in places like India and Myanmar. […]
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Apple’s new MacBook Air is a near-perfect update, but don’t rule out the older model
A new MacBook Air running M2 chip is seen displayed during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter Dasilva | Reuters Apple’s new $1,199 MacBook Air, with its latest processor, the M2, launches in stores Friday. I’ve been testing it for a week, and I think it’s the MacBook […]
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Twitter is down
The logo and trading symbol for Twitter is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, July 11, 2022. Brendan McDermid | Reuters Twitter is down Thursday morning. While the website loads for people, users are unable to see timelines. It’s not clear how widespread […]
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World’s largest chipmaker TSMC posts record profit allaying fears over semiconductor headwinds
Signage for Taiwan Semiconductor Manufacturing Co. (TSMC) is displayed at the company’s headquarters in Hsinchu, Taiwan, on Wednesday, June 5, 2019. Ashley Pon | Bloomberg via Getty Images TSMC, the world’s biggest chipmaker, posted record net profit in the second quarter, helping assuage fears over weak demand from high inflation and a glut of some […]
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This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here’s why
There’s something about the latest crypto crash that makes it different from previous downturns. Artur Widak | Nurphoto | Getty Images The two words on every crypto investor’s lips right now are undoubtedly “crypto winter.” Cryptocurrencies have suffered a brutal comedown this year, losing $2 trillion in value since the height of a massive rally […]
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