Tech

Airbnb plans to price at $44 to $50 per share in its IPO, giving it a valuation of up to $35 billion on a fully diluted basis, according to a new filing the company submitted to the SEC Tuesday. The company seeks to raise about $2.5 billion in the IPO. Existing investors seek to sell

Andy Jassy, chief executive officer of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco on April 19, 2017. David Paul Morris | Bloomberg | Getty Images Amazon’s cloud division on early Tuesday announced the availability of new virtual computing instances for software developers that run Apple’s MacOS

Ajit Pai Brad Quick | CNBC Federal Communications Commission Chairman Ajit Pai will step down from his post on January 20, the day President-elect Joe Biden is inaugurated, he announced Monday. The announcement means that the FCC could reach a Democratic majority sooner than it would otherwise be able to. Pai’s term was slated to

Eric Schmidt, chairman of Alphabet Inc. David Paul Morris | Bloomberg | Getty Images LONDON — Eric Schmidt, the former CEO of Google, is one of several tech executives backing a new early-stage European venture capital fund. The tech billionaire — who has a net worth of $20 billion, according to the Bloomberg Billionaire Index

Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Zoom is poised to show another monster quarter when it reports results on Monday,

In 2018, Microsoft made one of its priciest acquisitions ever, spending $7.5 billion on code-sharing site GitHub. It wasn’t the cleanest fit. GitHub is used by over 50 million developers who tend to be outspoken, including when it comes to things they dislike about Microsoft. The deal continues to pose unexpected challenges, like a recent

Nextdoor is a local social media app that acts as a digital public message board for neighborhoods where users can sell furniture, organize events and alert neighbors of danger. In the past year, monthly active users on Nextdoor grew 20 percent, according to Sensor Tower. It’s provided neighbors and public agencies a platform to spread

Salesforce co-CEO Marc Benioff speaks at the grand opening of the Salesforce Tower in San Francisco in May 2018. David Paul Morris | Bloomberg | Getty Images The tech industry has seen some hefty deals announced during the 2020 pandemic, including several in the tens of billions of dollars. But not in software. That could

Eero Pro 6 Eero I set up Amazon‘s $449 Eero Pro 6 mesh Wi-Fi system a few days ago and have already noticed a huge improvement in my Wi-Fi at home. You might want to try mesh networking if you know you pay for fast internet but feel like your home Wi-Fi is slow or

Google’s “resilience” lead Lauren Whitt installed a series of tutorials and video content for Google employees experiencing burnout while working through the pandemic. Google Throughout the coronavirus pandemic, Google has emphasized employee health, establishing long-term remote work plans and offering periodic days off called “reset” days. Even that hasn’t been enough to deal with the

An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters Black Friday is set to kick a holiday season unlike no other into high gear. The pressure is on for Amazon

An Amazon warehouse Getty Images Amazon is providing front-line workers a one-time bonus to share its appreciation for their work heading into “the peak of the holiday season,” the company announced Thursday. In a blog post, Dave Clark, Amazon’s senior vice president of retail operations, said full-time operations staff who are employed by the company from

Mark Zuckerberg, Chairman and Chief Executive Officer of Facebook, arrives to testify during the House Financial Services hearing on An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors on Wednesday, Oct. 23, 2019. Bill Clark | CQ-Roll Call, Inc. | Getty Images LONDON —  The U.K. on Friday said a

Alphabet‘s self-driving car company Waymo is asking drivers to agree to stricter Covid-19 safety protocols, adding that it may not be able to afford continuing to pay employees in the future, especially if it has to shut down services again. Leadership from Waymo and its contractor, transportation company Transdev, sent drivers and support staff an

Elon Musk, chairman and chief executive officer of Tesla Motors David Paul Morris | Bloomberg | Getty Images Tesla is recalling more than 9,500 of its Model X and Model Y electric vehicles over potentially faulty roof trim and bolts that could be inadequately tightened. The company’s stock traded about 1% lower in the premarket

Attendees at Amazon.com Inc annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, Nevada, U.S., November 30, 2017. Salvador Rodriguez | Reuters Amazon‘s cloud-computing service on Wednesday was hit with an outage that took down some websites and services. A notice on Amazon Web Services’ status page said it was

Stewart Butterfield (C), co-founder and chief executive officer of Slack, and Allen Shim (2nd L), chief financial officer of Slack, ring the opening bell the New York Stock Exchange (NYSE), June 20, 2019 in New York City. Drew Angerer | Getty Images Shares of Slack rose more than 29% Wednesday following a Wall Street Journal

A DoorDash Inc. delivery person places an order into an insulated bag at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images DoorDash reached a $2.5 million settlement with the attorney general of the District of Columbia over claims that the company misled consumers on how it would allocate tips for

The logo of video-sharing website YouTube is displayed on a smartphone on November 19, 2018 in Berlin, Germany. Thomas Trutschel | Photothek via Getty Images YouTube on Tuesday barred One America News Network (OANN) from posting new videos and livestreaming for one week, after the right-leaning media organization uploaded a fake cure for the coronavirus.

Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Tesla surged past a $500 billion market cap on Tuesday after markets opened and its stock price surpassed $527.48 per share. Shares of Tesla were trading at $540.40, up more than 3%,

Radha Dhruv assistant general manager, using Toast software, February 23, 2018 in Denver, Colorado. Joe Amon | The Denver Post via Getty Images Toast, a start-up that sells software to help restaurants with online ordering, has had a rollercoaster of a year managing through the pandemic. Of late, business has been booming, The company responded

Steve Proehl | Corbis Unreleased | Getty Images A grand jury in Santa Clara, California, issued an indictment on Monday accusing Apple’s chief security officer, Thomas Moyer, of offering bribes to secure concealed carry permits for Apple employees. Moyer allegedly promised to donate 200 iPads worth $70,000 to the Sheriff’s Office in exchange for four

Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019. David Paul Morris | Bloomberg | Getty Images Snap on Monday announced the launch of Spotlight, a Snapchat feature that functions like TikTok and Instagram Reels. Spotlight will

Employees at Shopify’s headquarters in Ottawa. Chris Wattie | Reuters A typical holiday season for Shopify involves working with hundreds of thousands of small online retailers to help them prepare for the annual shopping rush. This year, the task is much larger. With physical retail and indoor dining in tatters because of the pandemic, big

02 September 2020, Berlin: Technology entrepreneur Elon Musk arrives with a face mask for the executive board meeting of the CDU in Westhafen. Photo: Fabian Sommer/dpa (Photo by Fabian Sommer/picture alliance via Getty Images) picture alliance | picture alliance | Getty Images The California Department of Public Health has deemed Tesla employees “essential workers” in

E-commerce marketplace Wish filed its IPO prospectus Friday, and gave investors who may be concerned about an overreliance on China plenty of reasons to be skeptical. Wish, founded in 2010, is an online marketplace that features a variety of discounted goods, ranging from cheap homewares and apparel to electronics and toys. The app offers a

Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images She was a billionaire CEO whose luxurious lifestyle rivaled that of any movie star. Elizabeth

A DoorDash Inc. delivery person places an order into an insulated bag at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Tech investors have plenty of reading to do over the Thanksgiving holiday in the form of IPO filings. DoorDash, Airbnb, Affirm, Roblox and Wish all unveiled their prospectuses in

In a victory for AT&T‘s WarnerMedia, HBO will no longer be available as an Amazon Channel after their current placement deal expires next year, according to people familiar with the matter. Today, HBO’s presence in the Amazon Channels store lets users watch regular HBO programming within the Amazon Fire TV user interface, making it easy

California Gov. Gavin Newsom’s seven-month-old Task Force on Business and Jobs Recovery is disbanding as the coronavirus pandemic reaches a second peak, but his co-chairs predict the state will have a strong economic turnaround once the pandemic is past. Billionaire businessman Tom Steyer, one of the co-chairs, said in a phone interview with CNBC that

Taylor Swift performs at the 2019 American Music Awards in Los Angeles, November 24, 2019. Mario Anzuoni | Reuters Apple released a software update for iPhones and iPads earlier this month that includes a built-in music recognition button that can help you quickly identify a song that’s playing. It’s one way Apple is using Shazam,

Elon Musk, head of Tesla, at the Tesla Gigafactory construction site in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images Tesla stock reached an all-time high Thursday, briefly trading at $507.76 per share. The company’s stock has been on a tear since the S&P Dow Jones Indices announced this

Roblox CEO David Baszucki Roblox Roblox, whose online gaming software has been hugely popular with kids during the pandemic, filed its IPO prospectus on Thursday, joining a growing crop of companies that are trying to go public before the end of the year. Revenue in the third quarter jumped 91% from a year ago to

Hungarian-born US investor and philanthropist George Soros delivers a speech on the sideline of the World Economic Forum (WEF) annual meeting, on January 23, 2020 in Davos, eastern Switzerland. Fabrice Coffrini | AFP | Getty Images Soros Fund Management, the asset management company founded by billionaire investor and philanthropist George Soros, has disclosed that it

Amazon’s redesigned Echo Dots Kids Edition Amanda Ringstad, Amazon Amazon‘s smart voice assistant Alexa can automatically tell you what’s being delivered if you own an Echo. It’s useful if you want updates on a package, but sometimes it says too much. For instance, Alexa might spill the beans about an incoming Christmas present by saying

Ruth Porat, Alphabet CFO Adam Galica | CNBC Alphabet Chief Financial Officer Ruth Porat said the company is seeing pre-pandemic productivity levels from employees again — thanks to leadership coaching and employee surveys. “What we saw in the early days of Covid we saw a bit of productivity dip, in particular at junior levels.” Porat

Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Josh Edelson | AFP | Getty Images Apple will cut its App Store commission rate to 15% for for software developers with less than $1 million in annual net

U.S. Cybersecurity and Infrastructure Security Agency (CISA) Director Christopher Krebs speaks to reporters at CISA’s Election Day Operation Center on Super Tuesday in Arlington, Virginia, U.S., March 3, 2020. Kevin Lamarque | Reuters WASHINGTON — President Donald Trump announced Tuesday on Twitter that he has “terminated” top U.S. cybersecurity official Christopher Krebs. In a pair of tweets, Trump

With Amazon Pharmacy, Prime customers in the United States can get their prescription medications shipped to their home for free. Amazon Amazon is entering the pharmacy business with a new offering called Amazon Pharmacy, allowing customers in the United States to order prescription medications for home delivery, including free delivery for Amazon Prime members. Amazon

Airbnb on Monday released its prospectus to debut on public markets. The company allows users to book short-term rentals and experiences while traveling. The company made $219 million in net income on revenues of $1.34 billion last quarter. That was down nearly 19% from $1.65 billion in revenue a year prior. Despite primarily turning net losses, the

Elon Musk, Tesla boss, runs to a Tesla at the Tesla Gigafactory construction site. In Grünheide near Berlin, a maximum of 500,000 vehicles per year are to roll off the assembly line starting in July 2021. Julian Stahle | picture alliance | Getty Images Tesla is finally joining the S&P 500. S&P Dow Jones Indices

Jeff Bezos, founder and CEO of Amazon, speaks to a group of Amazon employees that are veterans during an Amazon Veterans Day celebration on Monday, November 12, 2018. Leonard Ortiz | Digital First Media | Getty Images Amazon founder and CEO Jeff Bezos on Monday announced the first recipients of his $10 billion Earth Fund.

Brian Roberts, Chairman and CEO of Comcast David A. Grogan | CNBC Comcast Ventures, the corporate venture capital firm, is folding into Comcast‘s business development division and shifting its strategy to focus only on strategic investments. Partners were informed of the change this week, according to people familiar with the matter, who asked not to

A customer carries away a PlayStation 5 console at an electronics store in Sydney on November 12, 2020, on the day of PS5 official launch. Saeed Khan | AFP | Getty Images Microsoft and Sony both released new video game consoles this week: Microsoft has the $500 Xbox Series X and $300 Series S, while

The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Shares of sports betting company DraftKings jumped 6% in premarket trading Friday after the company reported better-than-expected third quarter

With more than 500 hours of video uploaded every minute and more than one billion hours watched every day, Google’s YouTube is the world’s second-largest search engine. And its meteoric growth hasn’t subsided. More than two billion users visit the site every month. For Google’s parent company Alphabet, it represents a significant portion of its

Drew Angerer In the aftermath of the election, millions of users rushed to sign up for Parler, an up-and-coming social media app that has quickly become a hub for conservatives seeking refuge from what they believe is censorship from Facebook and Twitter. Those companies have labeled or hidden posts from President Trump and others disputing

David Zaslav Anjali Sundaram | CNBC The TV ad market is on the mend after getting hit by a broader pandemic ad slowdown. But with Covid-19 cases on the rise, some networks are cautious about the coming quarters, even with a big boost from political ads this quarter.  In recent days and weeks, media companies