Technology
Here’s why Airbnb’s 2019 acquisition of HotelTonight could be key to its post-pandemic playbook
HotelTonight CEO Sam Shank Ben Robertson In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Like many mobile-first, on-demand service-based companies started in the early 2010s, HotelTonight saw similarities with two of the biggest disruptors in that category. “That’s how the world is moving: […]
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Biden pollster GSG is ‘deeply sorry’ for Amazon anti-union work as labor groups abandon it
Amazon workers arrive with paperwork to unionize at the NLRB office in Brooklyn, New York, October 25, 2021. Brendan Mcdermid | Reuters Top labor groups and political action committees are distancing themselves from a major Democratic pollster after it was revealed that the firm worked on Amazon’s anti-labor efforts at a warehouse on New York’s […]
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Elon Musk says he’s ‘not sure’ he’ll be able to buy Twitter after $43 billion bid, teases a plan B
Brendan Smialowski | Afp | Getty Images Billionaire Tesla CEO Elon Musk acknowledged Thursday he is “not sure” he’ll actually be able to buy Twitter, hours after he revealed a $43 billion offer. Musk comments came at the TED2022 conference in Vancouver just hours after he revealed in a regulatory filing Thursday that he offered […]
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Crypto firm Ripple’s court battle with the SEC has gone ‘exceedingly well,’ CEO says
PARIS — Ripple CEO Brad Garlinghouse is confident the company will come out well as its lengthy court battle with the U.S. Securities and Exchange Commission nears a conclusion. The San Francisco-based start-up is fighting the SEC over allegations that Ripple, Garlinghouse and executive chairman Chris Larsen engaged in an illegal securities offering through sales […]
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Amazon CEO Andy Jassy says costs from pandemic, inflation and war are too high for company to absorb
Andy Jassy, CEO of Amazon Web Services, speaks at the 2019 CERAWeek by IHS Markit conference in Houston, Texas, on March 11, 2019. Aaron M. Sprecher | Bloomberg | Getty Images Amazon CEO Andy Jassy said the company needed to add a fuel and inflation surcharge to deal with rising costs tied to inflation, the […]
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Tesla shares dip after CEO Elon Musk makes bid to buy Twitter
Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021. Future Publishing | Future Publishing | Getty Images Tesla shares were down about 3.5% Thursday after company CEO Elon Musk offered to buy social media company Twitter. Musk offered to buy Twitter for $54.20 a share, or about […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures are little changed on final trading day of the week A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 4, 2022. Brendan McDermid | Reuters U.S. stock […]
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Cramer: Twitter’s board has ‘no choice’ but to reject Elon Musk’s offer
Twitter’s board has “no choice” but to reject Elon Musk’s offer to buy the company at $54.20 per share, according to CNBC’s Jim Cramer. “They have no choice but to reject it,” Cramer said Thursday on “Squawk on the Street.” “If they say, ‘we accept,’ they’re phony. And they’re not phonies.” “The Twitter Board of […]
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Musk may need to pay more for Twitter than he’s willing to, Gordon Haskett says
The Twitter board “would be accused of being ‘high’ if it decided to sell for $54.20,” the analyst wrote. Source
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Sell Twitter stock on this ‘full blown Elon circus,’ Stifel says
Stifel analyst Mark Kelley downgraded Twitter’s stock to a sell from a hold rating in the wake of Elon Musk’s offer to buy the company. Source
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