![35-year-old American moved to Chengdu and lives on $30,000 a year: ‘[It’s] poverty in America, but in China I’m living large’](https://image.cnbcfm.com/api/v1/image/108167583-1751548516689-chinacelia1.jpg?v=1751549197&w=1920&h=1080 "35-year-old American moved to Chengdu and lives on $30,000 a year: ‘[It’s] poverty in America, but in China I’m living large’")
Meta Platforms Inc
Microsoft is selling the metaverse now — and it’s helping make everything from robots to ketchup
Microsoft’s HoloLens 2. Andrew Evers | CNBC You may not be ready to jump into the metaverse for fun, but it could be coming to work sooner than you think. Microsoft announced Tuesday that Kawasaki is a new customer for the tech giant’s so-called “industrial metaverse” — a fancy way of saying factory floor workers […]
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Snap’s warning sends shock across digital advertising as investors flee social media stocks
Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Social media companies were already having a rough year from the cutback in digital ad spending caused by rising inflation, supply chain challenges and the war in Ukraine. Forecasts for the second quarter called for meager growth at best, and stock prices were […]
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Stocks making the biggest moves midday: Snap, Abercrombie & Fitch, Roblox and more
A man photographs a banner for Snap Inc. on the facade of the New York Stock Exchange on the morning of the company’s IPO in New York City, March 2, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Tuesday. Snap — Shares of Snapchat’s parent company plummeted 41.2% after […]
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Snap falls 40% on pace for worst day ever, dragging other stocks with it
Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the virtual Google Pixel Fall Launch event in New York, on Tuesday, Oct. 19, 2021. Michael Nagle | Bloomberg | Getty Images Snap shares plunged 40% on Tuesday, putting the company on pace for its worst day ever and dragging down other social […]
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Stocks making the biggest moves in the premarket: Best Buy, Abercrombie & Fitch, Snap and more
Take a look at some of the biggest movers in the premarket: Best Buy (BBY) – Best Buy jumped 5.2% in the premarket after the electronics retailer reported a mixed quarter. Best Buy fell 4 cents a share shy of forecasts, with quarterly earnings of $1.57 per share. Revenue was better than expected, however, and […]
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Nokia CEO says 6G will be here by 2030 — but you might not access it via your smartphone
Mehdi Bennis is an associate professor at the University of Oulu in Finland researching 6G. Elizabeth Schulze | CNBC Nokia CEO Pekka Lundmark expects 6G mobile networks to be in operation by the end of the decade but he doesn’t think the smartphone will be the most “common interface” by then. Speaking on a panel […]
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Bitcoin Pizza Day and NFTs: Crypto players take over main strip in Davos even after market crash
DAVOS, Switzerland — Crypto-related technology companies are out in force at the annual World Economic Forum in Davos, even after a recent market crash that has wiped off billions of dollars of value from the digital currency market. The Promenade, a main strip where companies and governments take over shops and bars during the week […]
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Klarna to lay off 10% of its workforce as souring economy hits buy now, pay later space
Buy now, pay later products like Klarna’s became wildly popular in the Covid pandemic. Noam Galai | Getty Images Klarna plans to lay off about 10% of its global workforce, making the buy now, pay later firm the latest major tech company to announce job cuts. Sebastian Siemiatkowski, Klarna’s CEO and co-founder, made the announcement […]
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DC AG sues Meta CEO Zuckerberg over Cambridge Analytica privacy scandal
District of Columbia Attorney General Karl Racine announces a civil lawsuit against extremist groups the Proud Boys and Oath Keepers, over the deadly Jan. 6 attack on the U.S. Capitol, at the Capitol in Washington, December 14, 2021. Jonathan Ernst | Reuters District of Columbia Attorney General Karl Racine is suing Meta CEO Mark Zuckerberg […]
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U.S. firm Clearview A.I. fined for illegally collecting images of Brits’ faces
Clearview AI, a New York-headquartered facial recognition company, has been fined £7.5 million ($9.4 million) by a U.K. privacy regulator. Over the last few years, the firm has collected images from the web and social media of people in Britain and elsewhere to create a global online database that can be used by law enforcement […]
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