Enterprise
Jack Dorsey’s new title: Block Head
Jack Dorsey, CEO, Twitter testifies at Congressional hearing, March 25, 2021. CNBC Jack Dorsey is no longer the CEO of Block. He no longer has the title, at least. In a filing with the SEC on Friday, the company formerly known as Square said Dorsey has changed his title to Block Head. Block updated its […]
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IBM stock on pace for best day since April 2020 as analysts raise estimates
Wired senior staff writer Cade Metz and Arvind Krishna, IBM CEO and then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016. Brian Ach | Wired | Getty Images IBM shares rose as much as 8% on Wednesday after the hardware, software […]
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IBM first-quarter results beat estimates
IBM CEO Arvind Krishna Source: CNBC IBM shares rose 3% in extended trading on Tuesday after the technology services company issued first-quarter results that beat expectations. Here’s how the company did: Earnings: $1.40 per share, adjusted, vs. $1.38 per share as expected by analysts, according to Refinitiv. Revenue: $14.2 billion, vs. $13.85 billion as expected […]
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Germany’s SAP joins western corporate exodus from Russia
Uwe Anspach | picture alliance | Getty Images Business software group SAP plans to exit Russia completely in response to Moscow’s invasion of Ukraine, although it said on Tuesday it might be possible for Russian users to run its software for years without support. SAP joined a long list of companies, including rival Oracle last month in […]
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How Google plans to use 100% carbon-free energy in its data centers by 2030
Google’s data centers around the world use about twice as much electricity as the city of San Francisco. In total, Google used 15.5 terawatt hours of electricity in 2020 and the majority of that goes to its data centers. (It hasn’t made 2021 figures available.) The amount of energy Google uses is growing as overall […]
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Box’s buzz has long since passed but the stock is trading near a record while cloud peers suffer
Box CEO Aaron Levie speaking at BoxWorks in 2018 Box In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. At age 37, Aaron Levie has been at the same job for almost half his life. He’s the CEO of collaboration software vendor Box, a […]
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Fintech stocks Toast, Affirm drop on analyst concerns about ‘longer-term growth trajectories’
The Toast, Inc. IPO at the New York Stock Exchange, on September 22, 2021. Source: NYSE Shares of Toast and Affirm dropped on Tuesday after analysts at MoffettNathanson said “longer-term growth trajectories are likely to disappoint” at the two fintech companies. Toast, a point-of-sale software provider for restaurants, was down 11% as of Tuesday afternoon […]
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Microsoft wants to help business customers simplify those annoying software updates
Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Windows 10 Devices event in New York on Oct. 6, 2015. Microsoft Corp. introduced its first-ever laptop, three Lumia phones and a Surface Pro 4 tablet, the first indication of the company’s revamped hardware strategy three months after saying it would scale back plans […]
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Meta says employees no longer need Covid boosters to come to U.S. offices
Kevin Dietsch | Getty Images Facebook parent Meta Platforms will stop insisting that employees have Covid booster shots in order to come to its facilities in the U.S., a spokesperson confirmed to CNBC on Friday. Technology companies have begun the process of luring their workers back to their corporate campuses. Meta, as well as Microsoft, […]
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How Atlassian’s dual-CEO structure has helped the Australian software company thrive
Atlassian’s founders and co-CEOs, Scott Farquhar, left, and Mike Cannon-Brookes. Atlassian In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. In early March, collaboration software maker Atlassian published a blog post titled, “Atlassian stands with Ukraine,” laying out the company’s plans to support employees […]
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