Trending Stories from cnbc.com
FDA panel rejects plan to administer Pfizer’s booster doses to general public
Adam Mosseri faces criticism after comparing social media to cars, saying "cars create way more value than they destroy", even though people die in accidents
Techmeme · 3 days ago
Deutsche Bank survey: Walmart+, Walmart's Amazon Prime rival, has grown to ~32M US subscribers since its 2020 launch, and ~86% of them have Amazon Prime also
Goldman Sachs is acquiring buy now, pay later fintech GreenSky for about $2.24B, in an all-stock deal
Microsoft board of directors approves the appointment of Brad Smith to vice chair
Shenzhen-based DeepRoute.ai, which makes self-driving systems for vehicles that involve hardware and software, raises $300M+ led by Alibaba
Intuit says it has agreed to acquire Mailchimp for $12B in cash and stock
Oracle misses in Q1 with revenue of $9.73B, up 4% YoY, vs. $9.77B expected, cloud services and license support revenue of $7.37B, up 6% YoY, vs $7.41B expected
Salesforce, in a Slack message, says it will help relocate employees, who are worried about access to reproductive healthcare in their state, and their families
Affirm beats in Q4 with $261.8M, up 71% YoY, vs. estimates of $225M, with 7.1M active customers, up from 5.4M in the previous quarter; stock up more than 20%
Amazon to cover 100% of college tuition for U.S. hourly employees
Reddit · 2 weeks ago
Microsoft says it has acquired in-browser video editing software startup Clipchamp, which had 17M registered users across 390K+ companies as of July
Ford announces it has hired former Tesla and Apple executive Doug Field as its chief advanced technology and embedded systems officer
Deep dive on AWS, with margin estimates for specific services including S3, EC2, and EBS, as AWS has made up over half of Amazon's operating profit since 2014
Techmeme · 2 weeks ago
A look at the evolution of App Store rules from 2009, when FCC investigated Apple's refusal to approve Google Voice, to the recent antitrust-related changes
Lyft and Uber say they will cover legal fees for drivers who are sued under Texas' new abortion law for transporting women to abortion clinics
FTC bans "stalkerware" company Support King, whose Android app allegedly secretly harvested users' location and other data, from the surveillance business
Coinbase erroneously sent "Your 2-step verification settings have been changed" messages to 125,000 customers, prompting confusion and alarm among investors
Data analytics company Databricks raises $1.6B Series H led by Morgan Stanley's Counterpoint Global fund at a $38B valuation, up $10B from February
ByteDance acquires VR headset maker Pico; according to IDC, Pico was the third-largest VR headset maker globally in Q1 2021 with shipments up 44.7% YoY
Paypal has hired the co-founder of online brokerage TradeKing to lead the "Invest at Paypal" unit, which, sources say, plans to let US customers trade stocks
Oil firms slash U.S. Gulf of Mexico output by 91% ahead of Hurricane Ida
The House select committee investigating the January 6 riot demands records from Facebook, Twitter, Google, Reddit, TikTok, and other tech companies
The City of Chicago sues DoorDash and Grubhub for allegedly deceiving customers and using unfair business practices
Amazon partners with Affirm to offer monthly installments for purchases over $50 to some customers in the US, with a broader rollout in the coming months
Techmeme · 3 weeks ago
Head of the Reserve Bank of India says the central bank may launch its first digital currency trial programs by December
Hopin, which develops software for hosting virtual events, has hired Amazon's former VP of Grocery Tech and Bezos "shadow" advisor Wei Gao to be COO
Techmeme · 3 weeks ago
Internal corporate directory shows Microsoft has hired 15-year AWS veteran Charlie Bell as a corporate VP
Techmeme · 4 weeks ago
Razer, which is headquartered in the US but is listed in Hong Kong, says it is considering a secondary listing in the US; Razer revenues grew 68% to $752M in H1
Salesforce beats in Q2 with revenue of $6.34B, up 23% YoY, Platform and Other revenue of $1.88B, up 24% YoY, and Sales Cloud revenue of $1.48B, up 15% YoY
Following WH meeting, Google says it will spend $10B over 5 years and train 100K IT and data workers, Apple pledges supply chain security improvements, more
Microsoft says that Xbox Cloud Gaming will expand beyond PC and mobile to its Xbox Series X, Xbox Series S, and Xbox One consoles this holiday
After criticism, Centre, the consortium founded by Circle and Coinbase, says its stablecoin USDC will now back reserves with only cash and US treasuries
PayPal will launch its cryptocurrency service in the UK this week, the product's first international expansion since it debuted in the US in 2020
A look at Afghanistan's burgeoning crypto scene, which Chainalysis ranked 20th globally in overall crypto adoption in 2021, after ranking among lowest last year
Chainalysis: global cryptocurrency adoption grew 881% YoY, led by Vietnam, India, and Pakistan, according to metrics such as P2P exchange trading volume
Microsoft says it will raise the prices of commercial Microsoft 365 subscription bundles in March 2022, the first major price change since their 2011 launch
FTC files a new antitrust complaint against Facebook, after a judge dismissed the first complaint in June; Facebook has until October 4 to respond
Robinhood Q2: revenue of $565M, up 131% YoY, net loss of $502M, vs. net income of $58M in Q2 2020, and crypto revenue of $233M; stock down ~9% after hours
Robinhood says crypto accounted for ~52% of all transaction-based revenue in Q2, and 62% of crypto revenue came from dogecoin
Nvidia beats with record Q2 revenue of $6.51B, up 68% YoY, Gaming revenue of $3.06B, up 85% YoY, and Data Center revenue of $2.37B, up 35% YoY
Cisco beats in Q4 with revenue of $13.1B vs. $13.0B est., up 8% YoY, Infrastructure Platforms sales of $7.55B, up 13% YoY, and WebEx sales of $1.34B, down 1%
While Facebook will let full-time US employees work from home until January 2022, contractors at Accenture have been required to be in the office since August 2
Amazon is emailing some third-party merchants warning them that Congress' proposed antitrust reforms could limit their ability to sell on Amazon
Techmeme · 1 month ago