Tech

ESPN is going through another round of layoffs. CNBC obtained a memo to staffers where ESPN chairman Jimmy Pitaro confirmed roughly 300 layoffs as its parent company, Disney, shifts to more direct-to-consumer streaming, and following internal discussions about layoffs related to Covid-19. ESPN will also part ways with some on-air talent once contracts expire. “As
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Executive Vice President Margrethe Vestager talking to media in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images LONDON — The European Commission is about to propose a “revolutionary” overhaul of digital regulation that could hurt the business models of Big Tech, industry experts told CNBC. The Digital Services Act, due to be
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Facebook CEO Mark Zuckerberg in 2017. KENZO TRIBOUILLARD Shares of the major tech-related companies jumped early Wednesday as investors flocked toward Microsoft and the FAANG family, comprised of Facebook, Apple, Amazon, Netflix and Google parent company Alphabet, while the U.S. waited for a clear presidential winner. Facebook stock was the biggest winner of the morning,
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Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in Tokyo, Japan, on Wednesday, July 3, 2019. Akio | Bloomberg | Getty Images California voters decided Tuesday that Uber and Lyft should be exempt from state labor law that aimed to make its drivers employees rather than contractors, according to projections
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CNBC; Getty Images AT&T is in discussions with private-equity firms, including Apollo Management, to sell a significant minority stake in its DirecTV, AT&T Now and U-Verse pay-TV businesses in a complicated transaction that would shift legacy assets off the wireless carrier’s balance sheet, according to people familiar with the matter. Under the terms of the
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Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Four years ago, Facebook CEO Mark Zuckerberg called it “a pretty crazy idea” that fake news on Facebook could have influenced the election that handed Donald Trump the presidency.  Today, the idea
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Netflix on Thursday raised the prices of its standard and premium plans to $13.99 and $17.99 per month, respectively. Prior to Thursday, those plans were priced at $12.99 and $15.00, respectively. Current Netflix customers will see the updated prices on their bill over the next two months, Netflix told CNBC. Customers will get a warning
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President Donald Trump holds a campaign rally at HoverTech International in Allentown, Pennsylvania, October 26, 2020. Saul Loeb | AFP | Getty Images Though Election Day is a week away, President Donald Trump’s campaign appears to have a victory ad ready to go on Facebook. A video in the ad shows the president’s face superimposed
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Getty Images Amazon said Tuesday it’s hiring 100,000 seasonal employees to assist with increased demand over the holiday season. The employees will help pick, pack and ship customer orders across Amazon’s network of warehouses in the U.S. and Canada. Amazon will hire the most workers in California, Texas, Maryland, Georgia and New Jersey. Amazon hired
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A driver and passenger wear face masks as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. Mario Tama | Getty Images With just over a week
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A company logo is attached to the headquarters of the SAP software group. Uwe Anspach | picture alliance | Getty Images LONDON — German enterprise software group SAP saw its market valuation fall by 25 billion euros ($30 billion) on Monday as shares collapsed by over 17% following disappointing third-quarter results. The company, which slashed
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Foundem creators Shivaun and Adam Raff stand outside of the European Court of Justice for Google’s appeal hearing in its competition case in 2020. Shivaun Raff When Shivaun Raff began speaking with European regulators about her complaints of Google’s exclusionary conduct over a decade ago, she seemed to stand more or less alone. “Where is
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Intel CEO Robert “Bob” Swan announces the chip group’s new microprocessors called “Tiger Lake” at the technology fair CES in Las Vegas on Jan. 7, 2020. Christoph Dernbach | picture alliance | Getty Images Intel shares fell 10% in extended trading on Thursday after the company reported fiscal third-quarter earnings that were stronger than analysts
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Pedestrians wearing protective masks walk past a Microsoft Technology Center in New York, on Wednesday, July 22, 2020. Jeenah Moon | Bloomberg via Getty Images Lawyers who prosecuted Microsoft over alleged antitrust violations in the late 1990s saw some familiar tactics in the Justice Department’s complaint against Google filed Tuesday. But it’s far from a
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Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Aly Song | Reuters Elon Musk’s electric car and renewable energy company, Tesla, reports third-quarter results after the bell on Wednesday. Here’s what Wall Street analysts are expecting, per an average of analyst estimates compiled by Refinitiv: Earnings
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