Internet
Oracle’s Larry Ellison briefly tops Jeff Bezos to become world’s second-richest person
Larry Ellison, chief technology officer of Oracle (L), and Jeff Bezos, founder and executive chairman of Amazon. Reuters Oracle‘s best week on the stock market since 2021 has bolstered Chairman Larry Ellison’s net worth, briefly edging him past Amazon founder Jeff Bezos on Friday to become the world’s second-richest person. Ellison’s net worth reached $208.4 […]
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Adobe shares fall 9% on weak fourth-quarter guidance
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange in New York City, Feb. 20, 2024. Brendan Mcdermid | Reuters Shares of Adobe fell more than 9% on Friday, a day after the software company released third-quarter results that offered worse-than-expected guidance for the fourth quarter. Adobe […]
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Meta offered ‘unacceptable’ response to concerns over illicit drug ads on Facebook and Instagram, congressman says
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on “The Circuit with Emily Chang” at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty Images A Republican congressman slammed Meta on Thursday over what the lawmaker called an inadequate response to concerns […]
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Amazon hikes wages for contract delivery drivers as union pressures grow
In an aerial view, Amazon delivery trucks sit parked at an Amazon distribution center on July 16, 2024 in Richmond, California. Justin Sullivan | Getty Images Amazon is bumping its average national pay for contracted delivery drivers to roughly $22 an hour, up from $20.50 an hour, the company said Thursday. The wage increase is […]
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JD Vance says he thinks Apple benefits from Chinese slave labor: ‘That’s pretty sick’
Republican vice presidential nominee Ohio Sen. JD Vance on Thursday took a shot at Apple on CNBC’s “Squawk Box,” stating he thinks the company benefits from “slave labor” in China. His comment was part of a broader conversation about taxing companies that rely on manufacturing in China. “Do I think Apple is an evil company? No. Do […]
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Dutch neobank Bunq goes on hiring spree, targeting digital nomads, as other fintechs slash jobs
Key Points Bunq, the Dutch digital bank, told CNBC it plans to increase its global headcount by over 70% in 2024. It’s expected to help the fintech expand into new regions including the U.K. and the United States, where the company is applying for local licenses. It comes as other companies, including PayPal and Klarna, […]
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Amazon is opening Fresh supermarkets after yearlong stall — but many locations remain vacant
Workers stock shelves at an Amazon Fresh grocery store in Seattle, Washington, US, on Thursday, May 2, 2024. David Ryder | Bloomberg | Getty Images On a humid afternoon in August, a few hundred shoppers lined up outside an Amazon Fresh supermarket in a Philadelphia suburb, eagerly awaiting the store’s grand opening. A person in […]
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Amazon makes £8 billion UK investment to build cloud and AI infrastructure
Amazon’s computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech giant’s effort to boost its cloud offer in Europe, four people familiar with the matter said. Cesc Maymo | Getty Images News | Getty Images […]
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Broadband industry quietly abandons Capitol Hill fight to revive low-income internet subsidy
Cunaplus_m.faba | Istock | Getty Images Internet service providers like Charter, Verizon and Comcast have quietly scaled back their efforts to revive the Affordable Connectivity Program, an expired federal internet subsidy that helped low-income households pay for broadband. The $14.2 billion program provided a discount of up to $30 per month for some qualifying households […]
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Britain does a bad job at keeping globally relevant tech firms, former Arm CEO says
Warren East, former CEO of Rolls Royce and Arm, speaking at a tech event in London on June 13, 2022. Luke MacGregor | Bloomberg via Getty Images CAMBRIDGE, England — The U.K. is doing a bad job of commercializing technology businesses globally and needs a mindset shift from the investor community to win on the […]
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