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Technology

Technology

Tesla stock ends the week down 15%, the worst performance of the year

Tesla shares dropped more than 15% over the last few days to close the week at $211.99 after CEO Elon Musk waxed pessimistic about...

by admin October 20, 2023
Tesla stock ends the week down 15%, the worst performance of the year
Technology

Prosecutors in Bankman-Fried trial compare defense argument to ‘Dumb and Dumber’

Former FTX CEO Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in...

by admin October 20, 2023
Prosecutors in Bankman-Fried trial compare defense argument to 'Dumb and Dumber'
Technology

Elon Musk’s X illegally fired employee who publicly challenged return-to-work plans, NLRB alleges

NEW YORK, US – SEPTEMBER 17: Elon Musk arrives at the Turkish House to meet with Turkish President Recep Tayyip Erdogan ahead of the...

by admin October 13, 2023
Elon Musk’s X illegally fired employee who publicly challenged return-to-work plans, NLRB alleges
Technology

Why Meta, X and TikTok face more pressure from Europe than the U.S. on Israel-Hamas war disinformation

Days after the Israel-Hamas war erupted last weekend, social media platforms like Meta, TikTok and X (formerly Twitter) received a stark warning from a...

by admin October 13, 2023
Why Meta, X and TikTok face more pressure from Europe than the U.S. on Israel-Hamas war disinformation
Technology

Microsoft closes $69 billion acquisition of Activision Blizzard after lengthy regulatory review

Microsoft has closed its $69 billion acquisition of video game publisher Activision Blizzard, according to a regulatory filing by the company Friday. It’s Microsoft’s...

by admin October 13, 2023
Microsoft closes  billion acquisition of Activision Blizzard after lengthy regulatory review
Technology

How Israel’s tech community is responding to the Israel-Hamas war

Israeli soldiers on a tank are seen near the Israel-Gaza border.  Ilia Yefimovich | Picture Alliance | Getty Images On Saturday, Dvir Ben-Aroya woke...

by admin October 13, 2023
How Israel's tech community is responding to the Israel-Hamas war
Technology

Apple’s Eddy Cue defends default search contract with Google as best option for consumers

Apple senior vice president for services Eddy Cue arrives at the Prettyman U.S. Courthouse in Washington, D.C., on Sept. 26, 2023. Chip Somodevilla |...

by admin September 26, 2023
Technology

Barry Diller rips WGA deal with studios, says fair use needs to be redefined to address AI

Slamming the tentative labor deal between Hollywood writers and studios, media mogul Barry Diller on Tuesday laid out his biggest bone of contention with...

by admin September 26, 2023
Technology

SoftBank-backed Improbable slashes losses by 85%, says pivot to the metaverse has paid off

Herman Narula, co-founder and CEO at Improbable, speaks during a session at the Web Summit in Lisbon. Henrique Casinhas | Sopa Images | Lightrocket...

by admin September 26, 2023
Technology

FTC and 17 states sue Amazon on antitrust charges

The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon. In a sweeping complaint filed in federal court in Seattle on Tuesday,...

by admin September 26, 2023
Technology

Carousell says it’s ‘on track’ to profitability, plans to reduce losses this year

Secondhand goods marketplace Carousell expects to “healthily” reduce its losses this year, putting it on track to profitability, the firm’s CEO told CNBC. “This...

by admin September 26, 2023
Technology

‘Cash-flow’ podcaster made off with millions in Ponzi scheme, SEC alleges

People exit the headquarters of the U.S. Securities and Exchange Commission in Washington, D.C., on May 12, 2021. Andrew Kelly | Reuters An Ohio...

by admin September 25, 2023
Technology

iPhone 15 Pro analysis unveils Qualcomm modem and easier-to-repair smartphone frame

Kif Leswing/CNBC Apple’s iPhone 15 Pro and iPhone 15 Pro Max have a new frame design, which could make repairing the devices’ screens or...

by admin September 25, 2023
Technology

Microsoft is hiring a nuclear energy expert to help power its AI and cloud data centers

Microsoft CEO Satya Nadella speaks at an event on the company’s campus in Redmond, Washington, on Feb. 7, 2023. Chona Kasinger | Bloomberg |...

by admin September 25, 2023
Technology

Disney asset sales won’t break the bank, but they will move legacy media forward

Chief executive officer of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York...

by admin September 17, 2023
Disney asset sales won't break the bank, but they will move legacy media forward
Technology

Hollywood is paying a steep price for never really figuring out the streaming model

People carry signs as SAG-AFTRA members walk the picket line in solidarity with striking WGA workers outside Netflix offices in Los Angeles, July 11,...

by admin September 17, 2023
Hollywood is paying a steep price for never really figuring out the streaming model
Technology

Sequoia and Andreessen to take a huge hit on their 2021 Instacart investment, after a 75% plunge in valuation

Sequoia Capital and Andreessen Horowitz, two of Silicon Valley’s most high-profile venture firms, are poised to take a massive hit on their last investment...

by admin September 15, 2023
Sequoia and Andreessen to take a huge hit on their 2021 Instacart investment, after a 75% plunge in valuation
Technology

Senators ask Pentagon for answers on SpaceX’s Starlink service in Ukraine

Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023....

by admin September 15, 2023
Senators ask Pentagon for answers on SpaceX’s Starlink service in Ukraine
Technology

Instacart aims for valuation of up to $10 billion in upcoming IPO

Fidji Simo, CEO of Instacart Inc., speaks during an interview in San Francisco, March 3, 2022. David Paul Morris | Bloomberg | Getty Images...

by admin September 15, 2023
Instacart aims for valuation of up to  billion in upcoming IPO
Technology

Arm’s second trading day is more subdued, but valuation still tops $60 billion

Arm Holdings jumped another 6% on Friday at the market open, but those gains cooled off some in its second day of trading after...

by admin September 15, 2023
Arm's second trading day is more subdued, but valuation still tops  billion
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