Social media
How are Gen Zs affording luxury trips? For some, it’s all a facade
Jon Morgan, co-founder of business consulting firm, Venture Smarter, was mentoring a Gen Z entrepreneur when he noticed something strange about her life and the one she portrayed online. His 23-year-old mentee had spent 1½ years crafting a luxury travel persona — one that suggested she was living a $500,000-a-year lifestyle, he said. In reality, […]
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Intel gets $5.7 billion from Trump deal as White House says details are ‘being ironed out’
Intel CFO David Zinser said that the semiconductor giant received $5.7 billion from the U.S. government on Wednesday evening. Zinsner acknowledged the investment on Thursday during an investor conference. The investment is part of the White House’s decision last Friday to take a 10% stake in the beleaguered computer chip company. Zinser also signaled the […]
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Founder of IRL social media app charged with defrauding investors
Boonchai Wedmakawand | Moment | Getty Images The founder of the company behind the IRL social media app was charged with defrauding investors of $170 million in the company’s 2021 funding round, the Department of Justice said Wednesday. A federal grand jury in Oakland federal court indicted Abraham Shafi, 38 of Hawaii, with wire fraud, […]
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Meta used National PTA to promote child safety efforts, report finds
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Since losing her 15-year-old son Riley to suicide following a sextortion scheme through Meta’s Messenger app, Mary Rodee has worked with advocacy groups to […]
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How the U.S. space industry became dependent on SpaceX
SpaceX is valued at around $400 billion and is critical for U.S. space access, but it wasn’t always the powerhouse that it is today. Elon Musk founded SpaceX in 2002. Using money that he made from the sale of PayPal, Musk and his new company developed their first rocket, the Falcon 1, to challenge existing […]
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OpenAI says HR chief Julia Villagra is leaving company
Jaque Silva| Nurphoto | Getty Images OpenAI’s human resources chief, Julia Villagra, is leaving the company, CNBC has confirmed. It’s the latest high-profile shakeup at the artificial intelligence startup, which is aggressively hiring AI talent as it faces heightened competition from Google, Meta, Anthropic and others. OpenAI CEO Sam Altman announced Villagra’s promotion to the […]
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Alibaba says smart car spinoff Banma plans to list shares in Hong Kong
Alibaba’s global headquarters in Hangzhou, Zhejiang Province, China, on May 9, 2024. Nurphoto | Nurphoto | Getty Images Alibaba-backed Banma, a provider of technology for smart cars, is planning to list shares on the Hong Kong Stock Exchange, according to a filing. In a filing dated Aug. 21, Alibaba said it currently owns about 45% […]
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Apple reportedly ups iPhone production in India as country’s Russia ties roil White House
Apple has reportedly boosted iPhone production in India as the country faces pressure from the White House over its Russian oil purchases. “We have planned to up the tariffs on India,” Treasury Secretary Scott Bessent told CNBC’s “Squawk Box” on Tuesday. “These are secondary tariffs for buying the sanctioned Russian oil.” Bessent accused India of “profiteering” […]
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India’s social media stars are turning to business—and the industry is booming
Preeti Sarkar is a content creator and owner of the clothing brand, Peetizen. Courtesy of Preeti Sarkar Preeti Sarkar started posting on YouTube at the age of 18. Today, the 24-year-old has amassed a following of about 1.6 million on both Instagram and YouTube, and has launched her own clothing brand. She’s part of the […]
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FBI Director Patel and foundation win defamation lawsuit against blogger, awarded $250,000
FBI Director Kash Patel speaks during U.S. President Donald Trump’s press conference about deploying federal law enforcement agents in Washington to bolster the local police presence, in the Press Briefing Room at the White House, in Washington D.C., U.S., August 11, 2025. Annabelle Gordon | Reuters FBI Director Kash Patel and his foundation won a […]
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