Technology
Elon Musk says businesses and governments may have to pay to use Twitter
In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Elon Musk has said that businesses and governments may soon need to pay a “slight cost” to use Twitter just weeks after announcing he plans to buy […]
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How Ireland lost its chance to become Big Tech’s ‘super regulator’
Many of the largest U.S. tech firms hold their European headquarters in Dublin. Artur Widak | Nurphoto | Getty Images Incoming EU rules forcing Big Tech to police content on the internet more aggressively will be enforced directly by the European Commission, a move experts say will diminish the role Ireland has played so far […]
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Despite interest rate hikes, Canaccord’s Tony Dwyer predicts a sharp market bounce
While Wall Street braces for a half point interest rate hike on Wednesday, Canaccord Genuity’s Tony Dwyer sees the ingredients for a sharp market bounce. However, it’s unrelated to a fundamental change in economic and market risks. So, investors may want to resist going all in. “We are going to get an oversold bounce. Sentiment […]
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Lyft shares plunge on light guidance, continued driver incentives
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Shares of Lyft lost more than a quarter […]
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Major companies keep largely silent as leaked Supreme Court abortion draft sparks outrage
Demonstrators hold up signs during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in Washington, U.S. May 3, 2022. Elizabeth Frantz | Reuters […]
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SpaceX is expanding the solar farm at its South Texas launch facility
SpaceX’s Starbase facility in Boca Chica, Texas. Michael Sheetz | CNBC SpaceX is expanding the solar farm at its Starbase in Boca Chica, Texas, according to documents obtained by CNBC from the U.S. Fish and Wildlife Service. The FWS documents, known as a draft biological conference and opinion (BCO), reveal that SpaceX is increasing the […]
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Rocket Lab CEO touts successful helicopter catch of rocket as key toward reusable goals
The Electron booster comes into view of the company’s helicopter for the catch. Rocket Lab Rocket Lab CEO Peter Beck heralded the company’s first attempt on Monday to catch its Electron rocket booster using a helicopter after launch as “phenomenal,” telling CNBC that the test “achieved 99%” of the company’s goals toward reusing rockets. “Yesterday […]
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Match Group names Bernard Kim as CEO, replacing Shar Dubey
The Match dating application is displayed on an Apple iPhone in an arranged photograph. Andrew Harrer | Bloomberg | Getty Images Match Group CEO Shar Dubey is stepping down as chief of the dating app giant, effective May 31. Bernard Kim, president of Zynga, will take over the helm, the company said Tuesday. Dubey will […]
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Airbnb beats estimates with 70% revenue growth as travel rebounds
When the pandemic first hit one of the world’s most valuable start-ups saw its private value nearly halved. Now as hotels suffer but vacation rentals boom, Airbnb CEO Brian Chesky is reportedly planning to file for a long-awaited IPO. Mike Segar | Reuters Airbnb reported better-than-expected results on Tuesday and gave an upbeat forecast for the […]
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AMD sales jump 71%, shrugging off concerns about PC slowdown
Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD reported first-quarter earnings after the bell on Tuesday, beating analyst estimates for earnings and revenue, sending the stock up over 3% in extended trading. Here’s how the chipmaker did versus Refinitiv consensus estimates in the quarter ending March: EPS: $1.13, adjusted, versus $0.91 expected, up 117% […]
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