Technology
Pinterest’s plan to better compete with TikTok, Shopify and Instagram
A banner for the online image board Pinterest Inc. hangs from the New York Stock Exchange on the morning that Pinterest makes its initial public offering on April 18, 2019. Spencer Platt | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. […]
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Disney is raising prices, but this time, don’t blame inflation
Another major American company is raising prices again, but this time, don’t blame inflation. Disney is increasing the price on its streaming products and signaled that a price hike could be in the works at its theme parks as well. On Wednesday, the company said the price of Disney+ without ads is jumping $3 per […]
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Marqeta shares plunge more than 20% on CEO exit and ‘cautious’ expectations for coming months
Marqeta celebrates IPO at the Nasdaq on June 9th, 2021. Source: The Nasdaq Shares of payment processor Marqeta tumbled 24% on Thursday after founder Jason Gardner announced plans to step down as CEO, and the company said it’s being cautious given the challenges in the economy and fintech sector. Gardner started Marqeta in 2010 and […]
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Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit
Eugene Zhang, founding partner of Silicon Valley VC firm TSVC Spencer Greene, general partner of TSVC Courtesy: TSVC Eugene Zhang, a veteran Silicon Valley investor, recalls the exact moment the market for young startups peaked this year. The firehose of money from venture capital firms, hedge funds and wealthy families pouring into seed-stage companies was […]
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BlackRock launches a private trust to give clients exposure to spot bitcoin
Larry Fink, chief executive officer of BlackRock Inc., gestures while speaking at the Handelsblatt Banking Summit in Frankfurt, Germany, on Wednesday, Sept. 4, 2019. Alex Kraus | Bloomberg | Getty Images BlackRock has launched a private trust offering institutional clients in the U.S. direct exposure to bitcoin. The largest asset manager in the world revealed […]
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Facebook testing new encrypted backups for Messenger chat app
Onur Dogman | Lightrocket | Getty Images Meta, formerly Facebook, announced plans on Thursday to test a new secure storage feature for backups of users’ end-to-end encrypted chats on Messenger. The announcement comes after Facebook turned over Messenger chat histories to Nebraska police as part of an investigation into an alleged illegal abortion. A Meta […]
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Some social media influencers are being paid thousands to endorse cryptocurrency projects
Ben Armstrong says his crisis of conscience came in January of this year, when he realized he had to stop a business practice he — and a lot of other people in his line of work — had been engaged in for years. Armstrong is one of the most-watched crypto influencers on YouTube. His channel, […]
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Ethereum just wrapped the final dress rehearsal for one of the most important events in crypto
Ethereum is the world’s second-biggest cryptocurrency, and it’s giving bitcoin a run for its money. Getty Ethereum, the second-largest cryptocurrency by market value, just ran a final dress rehearsal ahead of a years-awaited upgrade that’s been billed as one of the most important events in the history of crypto. Since its creation almost a decade […]
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Disney raises prices for Disney+, Hulu and ESPN+ as streaming services post big operating loss
Disney unveiled a new pricing structure that incorporates an advertising-supported Disney+ as part of an effort to make its streaming business profitable. Starting Dec. 8 in the U.S., Disney+ with commercials will be $7.99 per month — currently the price of Disney+ without ads. The price of ad-free Disney+ will rise 38% to $10.99 — […]
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Ripple Labs interested in bankrupt crypto lender Celsius’ assets
In this photo illustration, the Celsius Network logo is displayed on a smartphone screen beside Bitcoin cryptocurrencies. Rafael Henrique | SOPA Images | Lightrocket | Getty Images San Francisco-based blockchain payments company Ripple Labs, which is embroiled in a high-profile battle with the U.S. securities regulator, is interested in potentially purchasing assets of bankrupt crypto […]
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