Internet
Amazon Prime Day shoppers buy up diapers, snacks as inflation shifts consumer habits
Instant Pots and Roombas are typically hot selling items during Amazon’s Prime Day event. But this year, consumers were more interested in dishwasher pods, diapers and snacks. Looking at some of the most popular items items during Amazon’s two day discount event, which wrapped late on Wednesday, provides a window into how record high inflation […]
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Amazon plans 4,000 more jobs in the UK this year, defying tech downturn
An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images Amazon announced Friday it would create more than 4,000 permanent jobs in the U.K. in 2022, defying a wave of job cuts in the tech industry. The roles will include job functions in software development, product management, and engineering, as well as operational duties […]
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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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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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Richard Branson takes a stake in Lightyear, a start-up hoping to become Europe’s answer to Robinhood
The Lightyear app. Lightyear Lightyear, a European challenger to trading platform Robinhood, has raised $25 million of funding in an investment round backed by British billionaire Richard Branson. Silicon Valley’s Lightspeed Venture Partners led the deal, the company told CNBC exclusively — a rare vote of confidence for an upstart brokerage at a time when […]
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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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LGBTQ harassment, slurs abound on social media, per GLAAD report
Social media platforms including Facebook and TikTok are failing to stop hate and threats against LGBTQ users, a report issued Wednesday from advocacy group GLAAD found. Those are some of the internet’s most vulnerable users, with a majority of LGBTQ people saying they’ve faced menacing posts or comments when they’re scrolling through social media. But it’s unclear how […]
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Chinese gaming stocks jump after Beijing approves new titles in a sign scrutiny is easing
Since April 2022, Chinese regulators have begun approving video games again after a months-long freeze in signs Beijing’s crackdown on gaming is easing. Feature China | Future Publishing | Getty Images Shares of Chinese gaming companies rose Wednesday after regulators approved a slew of new games, a sign that some of the headwinds for the […]
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Google CEO Pichai says company will slow hiring through 2023 in memo to employees
LOS ANGELES, CALIFORNIA – JUNE 09: Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. The CEO Summit entered its second day of events with a formal signing for the “International Coalition to Connect […]
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