In this article AMZN Amazon CEO Andy Jassy F. Carter Smith | Bloomberg | Getty Images Amazon stock slid on Friday morning, bringing it down more than 8% for the week, as a broader market sell-off pressured technology stocks. If it remains down more than 8%, it would mark Amazon’s worst one-week performance in six
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Reed Hastings, co-CEO of Netflix, participates in the Milken Institute Global Conference on October 18, 2021 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images The latest Netflix shareholder letter included a line heard around the world: “While this added competition may be affecting our marginal growth some…” That clause doesn’t sound
In this article NFLX (L-R) Co-CEOs of Netflix Reed Hastings and Ted Sarandos arrive for the Allen & Company Sun Valley Conference on July 06, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Netflix is set to report fourth-quarter earnings after the bell on Thursday. Here are the key numbers analysts are looking
The stores will feature women’s and men’s apparel, shoes and accessories from a mix of well-known and emerging brands at affordable prices. Amazon After upending brick-and-mortar retail, Amazon is opening a clothing store in the physical world. The first Amazon Style store, located in the Los Angeles suburb of Glendale, Calif., will open its doors
In this article TMUS T VZ Workers install equipment on a 5G cell tower in Salt Lake City, Utah, U.S., on Tuesday, Jan. 11, 2022. George Frey | Bloomberg | Getty Images Verizon and AT&T turned on a major new part of their 5G networks Wednesday, the culmination of a yearslong process that saw both
In this article ATVI MSFT Satya Nadella, CEO of Microsoft. Charles Pertwee | Bloomberg | Getty Images Microsoft tried to set a record in 2008, when then-CEO Steve Ballmer pursued plans to buy Yahoo for about $50 billion. It would have been the biggest U.S. tech deal ever, topping JDS Uniphase’s $41 billion purchase of
Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. Dado Ruvic | Reuters Activision Blizzard contacted a financial firm to work on topping Take-Two‘s $12.7 billion acquisition of Zynga before agreeing to sell to Microsoft this weekend, according to a person familiar with the
In this article AMZN A protest against multinational technology company Amazon during the Covid-19 pandemic, on Nov. 27, 2020, in Rome, Italy. Antonio Masiello | Getty Images News | Getty Images When Italy’s competition regulator slapped a hefty fine of 1.13 billion euros ($1.28 billion) on Amazon last month, it was just the latest salvo
In this article F A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images Online payment processor Stripe has signed up Ford Motor Company as a customer, in a five-year deal aimed at bolstering the automotive giant’s e-commerce strategy. Ford Motor
Natasha Lamb, a founding partner and portfolio manager at Arjuna Capital. Michael Prince Natasha Lamb was shocked. It was November, and Microsoft shareholders had just agreed with her proposal to push the software maker into issuing a public report on the effectiveness of its sexual harassment policies. Microsoft opposed the measure and urged investors to
Manatí, Puerto Rico In March 2021, crypto entrepreneur and investor David Johnston moved his parents, wife, three daughters, and company with him to Puerto Rico. The 36-year-old, who has been involved in the crypto ecosystem since 2012, says the decision to relocate from Austin was kind of a no-brainer. Beyond the fact that Puerto Rico
In this article CZR TWTR DIS NYT Shams Charania, NBA basketball reporter Source: Sinclair Broadcast Group’s Stadium Shams Charania’s primary job is straightforward: break news on the National Basketball Association. It’s not a new occupation, but historically it’s never been a particularly lucrative one. Social media and legalized mobile sports betting have changed the game.
In this article TSLA Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters A lawyer for Tesla asked a law firm to fire one its attorneys or risk losing its work for the electric automaker led by Elon Musk,
Google CEO Sundar Pichai Getty Images Google is implementing a new Covid-19 testing policy for its U.S. work sites as it prepares for a continued surge in infections from the Omicron variant in the coming weeks. In an email sent to full-time employees on Thursday and obtained by CNBC, Google’s health chief Karen DeSalvo said
The Athletic co-founders Adam Hansmann and Alex Mather Source: The Athletic In Sept. 2020, The Athletic announced it had reached 1 million subscribers. Co-founder Alex Mather talked about what it would take for him to sell. “We just don’t think about exit, and we don’t know the upside here,” Mather said. “There are very few
The Signal Messenger app is displayed on a smartphone in Hong Kong, China. Roy Liu | Bloomberg | Getty Images Federal investigators say they accessed encrypted Signal messages sent in the lead-up to the Jan. 6, 2021, riot on the U.S. Capitol, and used them as evidence to charge the leader of the Oath Keepers,
Ali Ghodsi, co-founder and chief executive officer of Databricks Inc., speaks during a Bloomberg Technology television interview in San Francisco on Oct. 22, 2019. David Paul Morris | Bloomberg | Getty Images With cloud stocks in the midst of a two-month slide, the CEO of one of the most valuable private software companies isn’t concerned.
Steven Mnuchin, U.S. Treasury secretary, from left, U.S. President Donald Trump, and Jared Kushner, senior White House adviser, listen during a bi-lateral meeting with Saad Hariri, Lebanon’s prime minister, not pictured, at the White House in Washington, D.C. Zach Gibson | Bloomberg | Getty Images New documents show that one of former President Donald Trump’s