Shopify founder and Chief Executive Officer Tobi Lutke smiles after the company’s IPO at the New York Stock Exchange May 21, 2015. Lucas Jackson | Reuters Shopify just came off a huge growth year as the Covid-19 pandemic spurred massive growth in online shopping. Now it’s starting 2021 with a bang thanks to an 8%
Tech
The Foxconn logo is displayed on a Foxconn building in Taipei on January 31, 2019. Sam Yeh | AFP | Getty Images Foxconn and Chinese carmaker Geely have created a joint venture aimed at selling manufacturing and services to the global auto industry. The deal, which was announced on Wednesday, marks Foxconn’s continued expansion into
Visa CEO Alfred Kelly speaks at Boston College’s Chief Executive Club luncheon, September 27, 2018. Brian Snyder | Reuters Visa has ended its takeover efforts of Silicon Valley start-up Plaid about two months after the Department of Justice filed an antitrust lawsuit on grounds that it would limit competition in the payments industry. The company said
Signal app Signal Facebook‘s WhatsApp is changing its privacy policy on Feb. 8, when it will begin to share some user information with Facebook, including location, phone numbers, profile names and pictures, when you last logged online and more. People are now flocking to an alternative texting app called Signal that doesn’t collect your data.
Enough is enough. Congress should pass, and the next president should sign, legislation saying that social media networks can be held liable for damage caused by incitements to violence and libelous false information shared on their platforms. This would require a shift in how companies like Facebook, Twitter and Google‘s YouTube do business and could
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Facebook on Monday announced that it will pause its contributions to political action committees in the wake of the invasion of the U.S. Capitol on Wednesday by insurgents incited by President Donald
A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England. Jordan Mansfield | Getty Images News | Getty Images GUANGZHOU, China — Bitcoin and other digital coins tanked on Monday wiping off some $170 billion from the entire cryptocurrency market. The market capitalization or value of the cryptocurrency market was $959.53
Parler, a social media app popular with conservatives and supporters of President Donald Trump, has gone offline after Amazon withdrew its support in the wake of the deadly U.S. Capitol riot last week. The app was reliant on cloud computing power provided by Amazon Web Services. AWS told Parler on Saturday that it will no
Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018. Bloomberg | Getty Images A group of Amazon corporate employees is calling on the company to stop providing cloud services to Parler, a social media app popular with Trump supporters. In a tweet on Saturday, employee advocacy group Amazon Employees for Climate Justice
Black artist Bomani X has been one of the key innovators of voice-chatting app Clubhouse, and now, his face serves as Clubhouse’s app icon. Courtesy of Bomani X Clubhouse, a social media app introduced in March, allows users to gather in virtual rooms where they can communicate with one another through the mics on their
Parler CEO John Matze joins CNBC’s “Squawk on the Street” on July 2, 2020. CNBC Amazon has pulled the plug on Parler, a social media app popular with Trump supporters, in the wake of the deadly U.S. Capitol riot earlier this week. Amazon’s cloud-computing unit, Amazon Web Services (AWS), informed Parler on Saturday that it
Apple CEO Tim Cook Spencer Platt | Getty Images Apple removed Parler, an app popular with Trump supporters, from its iPhone App Store on Saturday. Apple said that posts on the pro-Trump social network related to the U.S. Capitol riot last week included calls for violence, which violates Apple’s rules against objectionable content. “We have
Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory. In Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images When Tesla CEO Elon Musk urged his Twitter followers on Thursday to “use Signal,” he meant the encrypted messaging app. Some people appear to have taken
U.S. President Donald Trump makes a fist during a rally to contest the certification of the 2020 U.S. presidential election results by the U.S. Congress in Washington U.S, January 6, 2021. Jim Bourg | Reuters President Donald Trump continued tweeting Friday evening using the government-owned @POTUS account, despite having his @realDonaldTrump account permanently suspended by
U.S President Donald Trump gives an address, a day after his supporters stormed the U.S. Capitol in Washington, U.S., in this still image taken from video provided on social media on January 8, 2021. Donald J. Trump via Twitter | Reuters Twitter permanently suspended President Donald Trump’s account on Friday. The company said in a
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Electric vehicle maker Tesla surpassed Facebook by market capitalization after markets opened Friday. Tesla’s stock jumped about 5.5% at 9:03 a.m.
Yan Li, CEO of NIU Technologies speaks during Day 2 of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 18, 2020 in Nansha, Guangzhou, China. Zhong Zhi | Getty Images | CNBC International GUANGZHOU, China — Shares of Chinese electric scooter firm Niu Technologies surged nearly 16% on Thursday after the
President Donald Trump is seen tapping the screen on a mobile phone at the approximate time a tweet was released from his Twitter account, during a roundtable discussion on the reopening of small businesses in the State Dining Room at the White House in Washington, U.S., June 18, 2020. Leah Millis | Reuters President Donald
Facebook CEO Mark Zuckerberg is seen testifying remotely during a Senate Judiciary Committee hearing titled, “Breaking the News: Censorship, Suppression, and the 2020 Election,? on Facebook and Twitter’s content moderation practices, on Capitol Hill in Washington, U.S., November 17, 2020. Hannah McKay | Reuters Facebook CEO Mark Zuckerberg on Thursday said the company would block
Chesnot | Getty Images GUANGZHOU, China — Bitcoin smashed through $37,700 to hit a new record high on Thursday helping to lift the total value of the entire cryptocurrency market above $1 trillion for the first time. The digital coin hit an all time high of $37,724.67 at around 11:44 a.m. Singapore time, more than
Twitter CEO Jack Dorsey testifies remotely via videoconference in this screengrab made from video during a Senate Judiciary Committee hearing titled, “Breaking the News: Censorship, Suppression, and the 2020 Election,? on Facebook and Twitter’s content moderation practices, on Capitol Hill in Washington, U.S., November 17, 2020. Reuters Twitter on Wednesday placed restrictions on President Donald
A customer exits after picking up Apple’s new 5G iPhone 12 that went on sale, as the coronavirus disease (COVID-19) outbreak continues, at an Apple Store in Brooklyn, New York, October 23, 2020. Brendan McDermid | Reuters Apple‘s App Store customers spent a record $540 million on New Year’s Day alone, marking a 40% increase
Facebook CEO Mark Zuckerberg is seen testifying remotely during a Senate Judiciary Committee hearing titled, “Breaking the News: Censorship, Suppression, and the 2020 Election,? on Facebook and Twitter’s content moderation practices, on Capitol Hill in Washington, U.S., November 17, 2020. Hannah McKay | Reuters Facebook said it plans to reinstate its ban on political ads
U.S. President Donald Trump listens to Microsoft President Brad Smith, left, speak during a roundtable discussion with industry executives on reopening the country, in the State Dining Room of the White House in Washington on May 29, 2020. Mandel Ngan | AFP | Getty Images A handful of Microsoft employees spoke out against the software
Jack Ma, CEO of Chinese e-commerce giant Alibaba, speaks during his visit at the Vivatech startups and innovation fair, in Paris on May 16, 2019. Philippe Lopez | AFP | Getty Images After reports speculating about Alibaba founder Jack Ma’s whereabouts, CNBC’s David Faber reported Tuesday that the billionaire is not missing, according to a
The Bilibili booth is pictured during the 2019 Yangtze River Delta International Cultural Industries Expo at National Exhibition and Convention Center on November 21, 2019 in Shanghai, China. Gao Yuwen | Visual China Group | Getty Images GUANGZHOU, China — Chinese video platform Bilibili is getting ready for a secondary listing in Hong Kong which
The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York on December 10, 2020. Kena Betancur | AFP | Getty Images Wall Street analysts see plenty of growth ahead for Airbnb’s business, but they don’t see much room for the stock to run after it more than doubled in
Google employees hold signs during a walkout to protest how the tech giant handled sexual misconduct in Mountain View, California, U.S., on Thursday, Nov. 1, 2018. Michael Short | Bloomberg | Getty Images More that 200 Google employees on Monday announced that they’ve come together to form the Alphabet Workers Union amid increasing disagreements with
An advertisement for Samsung Electronics Co. Galaxy smartphones is displayed atop a building in the company’s mobile business factory in Gumi, South Korea, on Sunday, April 5, 2020. SeongJoon Cho | Bloomberg | Getty Images SINGAPORE — Samsung said Monday its next smartphone announcement will be held on Jan. 14, where it is expected to
Tesla said Saturday that it delivered 180,570 electric vehicles in the fourth quarter, beating its previous record as well as Wall Street expectations. The electric automaker produced 170,757 vehicles total. For the year, Tesla delivered 499,550 vehicles in 2020, largely in line with its guidance of around 500,000 vehicles. At an annual shareholder meeting this
Airlines are joining the fight against the coronavirus. The long wait for a vaccine may be over, but distributing it to the 7.8 billion people around the world is the next big challenge. In the U.S., both the Pfizer–BioNTech and Moderna Covid-19 vaccines require two doses that will eventually need to reach the nation’s roughly
SINGAPORE — The increasing regulatory scrutiny of Alibaba-affiliate and financial technology powerhouse Ant Group could be bad for the Chinese economy as well as China’s financial technology sector, says Andrew Collier, managing director of Orient Capital Research. The highly-anticipated listing of Chinese tech giant Ant Group — which was set to be the world’s largest
David Limp, senior vice president of devices and services at Amazon.com Inc., presents the Amazon Echo Dot smart speaker during an unveiling event at the company’s Spheres headquarters in Seattle, Washington, U.S., on Thursday, Sept. 20, 2018. Andrew Burton | Bloomberg | Getty Images You may have received an Amazon Echo as a gift during
Modern Health founder and CEO founder Alyson Watson Modern Health Alyson Watson had an important message for her team. It was May 1, six weeks after the coronavirus pandemic forced employees into isolation. Her company, Modern Health, was busier than ever. Watson, 30, started Modern Health three years earlier to help expand the availability of
Phil Schiller, Senior Vice President of Worldwide Marketing at Apple Inc, discusses the Apple AirPods during a media event in San Francisco, California, U.S. September 7, 2016. Beck Diefenbach | Reuters You may have received a pair of Apple AirPods over the holidays. They’re one of the most convenient Bluetooth headphones available and easily work
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Johannessen-Koppitz | Bloomberg | Getty Images Tech’s biggest companies just wrapped up a huge year. The seven most valuable U.S. technology companies — Apple, Microsoft, Amazon, Alphabet, Facebook,
Still from Ford’s “Finish Strong” spot. Ford In a new ad campaign using actor Bryan Cranston, Ford Motor is urging Americans to adhere to Covid-19 protocols to save lives in the next period of the pandemic. The campaign, part of an initiative the company has dubbed #FinishStrong, includes a new commercial from filmmaker Peter Berg
Russell Okung #76 of the Carolina Panthers Grant Halverson | Getty Images It’s often referred to as a new form of gold, and now Carolina Panthers offensive linemen Russell Okung is making a massive bet on bitcoin. After a nearly two-year battle, Okung finally had his wish granted and will have his salary diverted to
Amazon Echo Dot speaker CNBC | Richard Washington Amazon announced Wednesday that it’s acquiring podcasting company Wondery, expanding its catalog of original audio content. As part of the deal, Wondery will join Amazon Music, the e-commerce giant’s music streaming business. Amazon Music in September added podcasts to its platform, looking to carve out a share
US President-elect Joe Biden delivers remarks on the Electoral college certification at the Queen Theatre in Wilmington, Delaware on December 14, 2020. Roberto Schmidt | AFP | Getty Images GUANGZHOU, China — President-elect Joe Biden is unlikely to reverse President Donald Trump’s challenge to China’s technology industry and companies — but Biden will likely be
President Donald Trump Carlos Barria | Reuters President Donald Trump is pressuring his Republican allies over a law that has protected social media companies for decades. In his final weeks in office, Trump has launched a full-bore attack on Section 230 of the Communications Decency Act, the 1996 law that shields tech companies from being
Intel CEO Robert Swan speaks at the Rakuten Optimism event in Yokohama, Japan, on July 31, 2019. Tomohiro Ohsumi | Getty Images Third Point, the hedge fund led by Dan Loeb, is urging Intel’s board of directors to hire an investment adviser to explore “strategic alternatives” after the chipmaker lost market share to TSMC, Samsung
Skype co-founder Jaan Tallinn Center for the Study of Existential Risk LONDON – Skype co-founder Jaan Tallinn has identified what he believes are the three biggest threats to humanity’s existence this century. While the climate emergency and the coronavirus pandemic are seen as issues that require urgent global solutions, Tallinn told CNBC that artificial intelligence,
Gal Gadot stars as Wonder Woman in Warner Bros. “Wonder Woman 1984.” Warner Bros. This past weekend provided the first real test for how blockbuster movies perform on streaming services when they’re released in movie theaters at the same time. AT&T‘s WarnerMedia premiered “Wonder Woman 1984” on Christmas Day, the first movie in its experiment
Ryan Smith, Co-Founder and CEO of Qualtrics peaks on stage during the 2015 Web Summit on in Dublin, Ireland. Clodagh Kilcoyne | Getty Images Qualtrics is about to go public, for real this time. The cloud software vendor, which SAP acquired two years ago on the eve of a planned IPO, filed its paperwork with
President-elect Joe Biden speaks prior to the holiday at the Queen theatre on December 22, 2020 in Wilmington, Delaware. Biden spoke ahead of the Christmas holiday and called the $900 billion coronavirus aid bill passed by Congress on Monday a start, insisting on more economic relief after the inauguration. Joshua Roberts | Getty Images The
Nearly one year after the World Health Organization discovered the coronavirus, many people are still staying home from offices, schools, movie theaters, stadiums, churches and restaurants. A lot of the socialization that would be happening in those places in 2020 is happening over video calls. And you can’t talk about that aspect of life without
People shop for holiday items at the Country Store on Main Street in Stockbridge, Massachusetts on December 13, 2020. Joseph Prezioso | AFP | Getty Images With just a few days before Christmas, shoppers are running out of options to receive their holiday gifts in time to place them under the tree. But all hope