Internet
Amazon, Walmart and more: Cowen loves these stocks it says can beat surging inflation
Cowen has identified several tech and internet stocks it rates as likely to outperform, some of which are set to return “at least” 15% over the next 12 months. Source
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Amazon faces another high-stakes union election as vote kicks off in Staten Island
Workers stand in line to cast ballots for a union election at Amazon’s JFK8 distribution center, in the Staten Island borough of New York City, U.S. March 25, 2022. Brendan Mcdermid | Reuters On Friday afternoon, a stream of Amazon workers exited a sprawling warehouse on New York’s Staten Island after wrapping up the daytime […]
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Britain will reveal crypto regulation plans in coming weeks, sources say
Britain’s Chancellor of the Exchequer Rishi Sunak leaves the 11 Downing Street, in London, on March 23, 2022. Daniel Leal | AFP | Getty Images LONDON — The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to four industry sources familiar […]
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Uber wins 30-month London license, ending a lengthy battle with city regulators
Peter Summers | Getty Images LONDON — Uber has secured a 30-month license to continue operating in London, ending a protracted battle with city regulators over whether the ride-hailing app was “fit and proper.” “Uber has been granted a London private hire vehicle operator’s license for a period of two and a half years,” a […]
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Google Fiber contractors in Kansas City are first to unionize under Alphabet Worker Union
A technician gets cabling out of his truck to install Google Fiber. George Frey | Reuters Google Fiber contractors in Kansas City, Missouri voted to unionize Friday, becoming the first workers with bargaining rights under the Alphabet Workers Union. The group of 10 full-time workers are employed by BDS Connected Solutions through Alphabet and work […]
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Instacart slashes valuation by almost 40% to $24 billion after plunge in tech stocks
Instacart said it’s slashing its valuation by almost 40% to about $24 billion, to reflect this year’s selloff in technology stocks. The grocery delivery company was valued at $39 billion in March 2021, when it raised $265 million. That made Instacart one of the most valuable venture-backed companies in the U.S. However, with the Nasdaq […]
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EU and U.S. agree to new data-sharing pact, offering some respite for Big Tech
U.S. President Joe Biden, right, arrives with European Commission President Ursula von der Leyen for an EU leaders summit in Brussels on June 15, 2021. Thierry Monasse | Bloomberg via Getty Images The European Union and U.S. on Friday announced they had agreed “in principle” a new framework for cross-border data transfers, providing some much-needed […]
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James Blunt says more should be done to moderate online hate, gives tips on dealing with trolls
James Blunt performs at the American Airlines Arena on August 30, 2017 in Miami, Florida. Jason Koerner | Getty Images Entertainment | Getty Images U.K. singer-songwriter and “reluctant” Twitter sensation, James Blunt, told CNBC that social media platforms should do more to moderate online hate. The superstar behind global hits such as “You’re Beautiful” and […]
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Grocery start-up Gopuff partners with UK retail giant Morrisons for speedy deliveries
Gopuff and Morrisons are partnering up for speedy grocery deliveries in more than 20 cities across the U.K. Gopuff LONDON — American instant delivery start-up Gopuff said Friday it has partnered with British grocery chain Morrisons to deliver items to people’s doors in a matter of minutes. The multi-year agreement will see Gopuff sell products […]
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The space-linked internet investing idea Bill Gates has backed since 1990s
Kymeta’s flat panel internet antenna is designed to offer connectivity in the most remote areas and the defense industry has been an early use case. Kymeta In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Back in the 1990s, Bill Gates made a big […]
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