Bitcoin briefly drops below $20,000 to lowest level since mid-July as investors dump risk assets
Investors fled risk assets after the Federal Reserve affirmed its commitment to an aggressive tightening path.
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Chinese tech giants had their worst quarterly growth on record, thanks to Beijing\’s zero-Covid policy
In the second quarter, Alibaba posted its first ever flat year-on-year quarterly revenue growth and Tencent reported its first sales decline on record.
How Amazon is giving Rivian an edge in the EV industry
Rivian hopes to take on Tesla with its outdoor adventure trucks and SUVs. And its deal with Amazon could help it succeed.
How Amazon is giving Rivian an edge in the EV industry Read More »
Google employees frustrated after office Covid outbreaks, some call to modify vaccine policy
The company asked employees to return to physical offices in April. Now, some offices are experiencing Covid outbreaks.
A key leader for Meta\’s metaverse software is leaving the company
Meta\’s Vivek Sharma was in charge of Horizon, the company\’s virtual reality platform and had been with Facebook\’s parent company for six years.
A key leader for Meta\’s metaverse software is leaving the company Read More »
Microsoft and ByteDance are collaborating on a big AI project, even as US-China rivalry heats up
Microsoft and TikTok parent ByteDance are working together on a software project intended to help companies more efficiently run AI apps.
Amazon not expected to bid for Electronic Arts
Electronic Arts\’ stock surged Friday after USA Today reported Amazon is planning to make an offer to acquire the video game publisher.
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Bitcoin has crashed 68% from its peak — but one bull says the latest crypto winter is a \’warm winter\’
Bitcoin may have fallen by more than half from record levels but \”there\’s so much more than that,\” according to Edith Yeung, a general partner at Race Capital.
Tesla threatens to sue critic over ads showing its car hitting kid-sized mannequin
Software company CEO Dan O\’Dowd paid for an ad that purports to show Tesla\’s FSD system isn\’t safe. The automaker disagrees, calling it \”misinformation.\”
Tesla threatens to sue critic over ads showing its car hitting kid-sized mannequin Read More »
\”Huge value and huge risk\” — why Twitter\’s road to 200 million daily users hasn\’t been easy
Since making CNBC\’s very first Disruptor 50 list in 2013, Twitter has proved to have wide appeal, attracting both users and companies alike.