Trending Stories from cnbc.com
US OCC and Federal Reserve grant SoFi a conditional banking license via its acquisition of Golden Pacific Bancorp community bank; SoFi stock up 16%+ after hours
The FTC and DOJ are seeking public comment on rewriting merger guidelines, signaling a potentially tougher stance toward Big Tech deals
Autonomous driving startup Wayve, which relies on machine learning to teach a car how to drive instead of hardware like lidar sensors, raises a $200M Series B
Chinese startup Axera, which makes AI chips for computer vision in smart cities and smart homes, raises ~$126M from Meituan and others
Recent filings from Walmart, including seven US trademark applications, indicate a possible plan to develop and offer virtual goods, NFTs, and a cryptocurrency
Microsoft hires a law firm to review sexual harassment policies, will issue a report in the spring on results of investigations, including one involving Gates
Meta delays a full return to offices until March 28 and requires that staff prove they got a COVID-19 booster shot; a deferral must be requested for remote work
Internet disruption in Kazakhstan, the world's second-biggest bitcoin mining hub, shut down an estimated 15% of the world's miners before internet was restored
Tencent's WeChat plans to add support for China's digital yuan, e-CNY, to WeChat Pay, which has 800M+ MAUs
Fanatics acquires trading card company Topps' name and its sports and entertainment divisions, sources say for ~$500M, as Fanatics builds out its NFT offerings
Apple becomes the first US company to reach a $3T market cap, tripling its valuation in under four years
Amazon’s Alexa assistant told a child to do a potentially lethal challenge
Hacker News · 3 weeks ago
The App Store's most popular iOS app on Christmas was Oculus, a promising sign for Meta, which does not disclose how many VR headsets it sells
At least 14 senior Meta executives, including from its Workplace and Novi divisions, left in 2021 or announced plans to depart in the coming months
Labor group seeking to organize workers at four Amazon warehouses in Staten Island refiles its union petition with the NLRB, after withdrawing it in November
Techmeme · 4 weeks ago
Oracle will acquire electronic medical records company Cerner for $28.3B, or $95 per share, in an all-cash deal
Sources estimate ~20% of the world's bitcoin miners remain in China, moving operations underground and evading detection after the country's crypto mining ban
JPMorgan hit with $200M in fines for letting employees use WhatsApp
Leaked memo: Google tells employees they must comply with vaccine policies by January 18 or lose pay and eventually be fired
Sources: Instagram passed 2B monthly active users this fall, up from 1B in June 2018, the last time it publicly disclosed the metric
Techmeme · 1 month ago
Wholesale prices measure rises 9.6% in Nov from year ago, fastest pace on record
Airtable raises a $735M Series F led by XN, valuing the company at $11B and bringing its total funding to $1.4B
AWS blames its Tuesday outage on network devices overloading, says it will revamp its status page after complaints about support inquiries during the outage
Instacart president Carolyn Everson says she will step down at the end of the year, less than four months after joining the company
Brazilian neobank Nubank closes up ~15% in its NYSE debut, giving it a market cap of nearly $50B, after raising $2.6B in its IPO
Oracle beats in Q2 with revenue of $10.36B, vs. $10.21B expected and up 6% YoY, cloud services and license support revenue of $7.55B, up 6% YoY; stock up 10%+
HashiCorp closes up 6.49% in its Nasdaq debut, after raising $1.2B in its IPO at a $14B valuation
The BIS, an umbrella group for central banks, says DeFi is built on a "decentralization illusion" and should be "properly regulated" to safeguard investors
Hong Kong-listed shares of Weibo opened down 6% in their trading debut, after the company raised ~$385M in its secondary listing
Stitch Fix reports Q1 revenue of $581M vs $571M est. and cuts its revenue outlook for the fiscal year, citing ongoing supply chain pressures; stock drops 15%+
Microsoft tells its partners that enterprise customers will be charged 20% more for Office subscriptions if they don't switch to an annual plan in 2022
Blockchain infrastructure technology startup Mysten Labs, founded by four former Facebook crypto engineers, raises a $36M Series A led by Andreessen Horowitz
Rep. Devin Nunes, a close Trump ally and former chair of the House Intelligence Committee, says he will resign to become CEO of Trump Media & Technology Group
MongoDB reports Q3 revenue of $227M, up 50% YoY, a net loss of $81.3M, up from $72.7M YoY, and Atlas cloud database revenue up 84%; stock up 17%+
Amazon's shipping investments, like chartering cargo ships, making its own containers, and chartering long-haul planes, are helping it avoid supply chain chaos
Techmeme · 1 month ago
DocuSign reports Q3 revenue of $545.5M, up 42% YoY, with subscription revenue of $528.6M, up 44%, and 1.11M customers; stock is down 35%+ after weak Q4 guidance
Google says it will not require employees to return to US offices on January 10 as expected, but encourages employees to come in to build "muscle memory"
Meta expands the eligibility requirements for running crypto ads on Facebook and Instagram, will recognize 27 regulatory licenses from advertisers, up from 3
Square is changing its name to Block, effective December 10, and renaming Square Crypto to Spiral, as its business shifts toward technologies like blockchain
Adobe: US consumers spent $10.7B online on Cyber Monday, below expectations and down 1.4% from $10.8B in 2020, as many shoppers returned to physical stores
Microsoft shareholders approve a proposal asking the company's board to publish a workplace sexual harassment report, in a rare win for activists
Goldman Sachs partners with AWS to provide its market data and software tools to hedge funds and asset managers as a new offering, GS Financial Cloud for Data
Techmeme · 2 months ago
Amazon touts "record-breaking Black Friday through Cyber Monday sales", in sharp contrast to reports of lackluster sales for the broader e-commerce industry
Techmeme · 2 months ago
Salesforce promotes Bret Taylor to Vice Chair of the Board and co-CEO alongside Marc Benioff, effective immediately
Filing: HashiCorp aims for valuation of up to $13B in its IPO, reveals $82.2M in revenue, up 49% YoY, and a $22M net loss in its latest quarter
The Retail, Wholesale and Department Store Union says the NLRB has authorized a new election for Amazon warehouse workers in Alabama
Techmeme · 2 months ago