Shopify stock sinks 15% after company says it will lay off 10% of workers
In this articleSHOP-CAAn employee works at Shopify's headquarters in Ottawa, Ontario, Canada.Chris Wattie | ReutersShopify is laying off roughly 1,000...
Technology
Company called META that claims Facebook stole its name is suing for infringement
Imagine waking up to find that the name of the business you created more than a decade ago has been...
Facebook’s stumbling ad business lies at the center of tech earnings week
In this articleMETAThe logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022.Arnd Wiegmann | ReutersIt's earnings palooza...
GM is far behind Tesla in electric vehicle sales. CEO Mary Barra has bet the company that will change
In this articleGMGM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren,...
Amazon already knows a lot about me, but One Medical takes it to a whole new level
In this articleONEMAMZNOne Medical clinicOne MedicalFor the better part of a decade, One Medical has been my primary care provider....
Apple’s new car software could be a trojan horse into the automotive industry
In this articleAAPLAppleApple is using the iPhone's popularity to push itself into the auto industry. Automakers are a little unsure...
Vince McMahon retires as WWE chief amid probes into alleged misconduct of pro wrestling boss
Vince McMahon attends a press conference at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey.Michael N. Todaro...
Snap shares dive 39% following poor earnings report
In this articleSNAPShares of Snap closed down 39% Friday, a day after the company reported disappointing second-quarter results.Snap missed Wall...
Coinbase blasts SEC over insider trading case, says none of the tokens it lists are securities
In this articleCOINCoinbase signage in New York's Times Square during the company's initial public offering on the Nasdaq on April...
San Francisco businesses struggle to hang on as tech workers stay home
A billboard funded by Airbnb shows opposition to Proposition F in downtown San Francisco, California.Josh Edelson | AFP | Getty...
Goldman-backed digital bank Starling reports its first annual profit as other fintechs stumble
In this articleGSThe Starling Bank banking app on a smartphone.Adrian Dennis | AFP via Getty ImagesBritish digital bank Starling on...
Baidu’s new robotaxi can drive without a steering wheel and is 50% cheaper
Baidu unveiled on July 21, 2022, the sixth generation of its self-driving electric car built for ride-hailing rides — at...
India’s IT giants pay CEOs millions as turnover climbs among software talent
There is a wild mismatch between the salaries of the CEOs of Indian Information Technology companies and lower and mid-level...
Microsoft eases up on hiring as economic concerns hit more of the tech industry
Satya Nadella, chief executive officer of Microsoft Corp., appears at a panel session at the World Economic Forum in Davos,...
Tesla grows revenue 42%, but automotive margins decline
In this articleTSLATesla reported earnings after the bell, and the results sent the stock up slightly after hours.Earnings per share...
Minecraft creator rejects NFTs, saying they create scenario of ‘haves and have-nots’
Minecraft is the best-selling game of all time, with lifetime sales of more than 238 million units.Igor Golovniov | Sopa...
Raimondo warns of ‘deep and immediate recession’ if U.S. were to be cut off from Taiwan chip manufacturing
Commerce Secretary Gina Raimondo warned on Wednesday that the country's current dependence on foreign computer chip fabrication puts it at...
Tesla has dumped 75% of its bitcoin holdings a year after touting ‘long-term potential’
Tesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to...
Coinbase jumps 14% after saying it has no exposure to bankrupt crypto firms
In this articleBTC.CM=COINCoinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped.Chesnot |...
China remains the world’s largest e-sports market despite gaming crackdown
Revenue for China's e-sports market grew 14% year-on-year in 2021 despite a tough regulatory environment for gaming in the world's...
