Technology
Twitter director Egon Durban won’t leave the board after shareholders voted to boot him
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter director Egon Durban won’t leave the board, even though he offered to resign […]
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Airbus sets up UK-based facility that will focus on hydrogen tech for aircraft
A model of one of Airbus’ ZEROe concept planes, photographed in November 2021. The firm has said it wants to develop “zero-emission commercial aircraft” by the year 2035. Giuseppe Cacace | Afp | Getty Images Airbus is launching a U.K.-based facility focused on hydrogen technologies, a move which represents the firm’s latest attempt to support […]
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Why CircleUp thinks machine learning may be the hottest item in consumer goods
In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Disruptive companies have shaped the ever-growing consumer packaged goods industry in recent years, from the rise in plant-based products from companies like Beyond Meat and Impossible Foods to an increased focus on personal care products […]
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Twitter shareholders sue Elon Musk and Twitter over chaotic deal
Sheldon Cooper/SOPA Images | Lightrocket | Getty Images Twitter shareholders are suing Elon Musk, and Twitter itself, over their handling of a chaotic acquisition process that is still underway, and that has contributed to volatile price swings in the company’s stock price. The Tesla and SpaceX CEO revealed a significant stake in Twitter on April 4, and ten […]
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Microsoft exec tells employees in Windows and Office groups to be more cautious in hiring
Satya Nadella, chief executive officer of Microsoft Corp., appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Microsoft is gearing up to pursue a more conservative approach to hiring in a part of the business that includes some of its […]
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Sequoia coaches start-ups to cut costs or face a ‘death spiral’ amid stock market slump, bleak economic backdrop
One of Silicon Valley’s most successful venture capital firms doesn’t see the economy bouncing back anytime soon and is warning portfolio companies to tighten their belts in the meantime. In a 52-page presentation seen by CNBC, the Sequoia lays out a litany of risks making it harder for founders to raise money and operate. The […]
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Cybercriminals target metaverse investors with phishing scams
A nurse in rural Maine. A fitness instructor in Colorado. A venture capitalist in Florida. All three invested in the metaverse, buying land they say they thought was a solid investment. “I was really excited about it,” said Kasha Desrosiers, a long-term care nurse. “And hopeful for, you know, whatever projects that would come out […]
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Google hit by second UK antitrust probe into online ad dominance
The entrance to Google’s U.K. offices in London. Olly Curtis | Future Publishing | via Getty Images The U.K.’s competition regulator has opened a fresh investigation into Google, taking aim at the company’s role in the advertising technology market. It’s the second major antitrust probe to target Google’s ad practices in the U.K. The Competition […]
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Broadcom announces plans to buy VMware in $61 billion deal
Hock Tan, chief executive officer of Broadcom Martin H. Simon | Bloomberg | Getty Images Broadcom will buy VMware in a cash-and-stock transaction valued at $61 billion, based on the closing price of Broadcom common stock on May 25, 2022, the companies announced on Thursday. The deal would be one of the largest technology acquisitions […]
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French billionaire’s stake in BT probed under Britain’s tough new security law
Altice founder Patrick Drahi, left, and co-founder Armando Pereira pose for photos outside the New York Stock Exchange, before the company’s IPO, Thursday, June 22, 2017. Richard Drew | AP The U.K. has launched probes into two major technology deals under its new National Security and Investment Act as it moves to protect its most […]
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