Snowflake banners decorate the New York Stock Exchange to market the debut of the software company's shares in New York on Sept. 16, 2020.Source: SnowflakeSnowflake shares fell as much as 8% in extended trading on Wednesday after the data-analytics software company barely met analysts' expectations for product revenue, the company's main source of total revenue,...Read More
In this articleNVDAJen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company's event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019.Patrick T. Fallon | Bloomberg | Getty ImagesNvidia reported first quarter results for its fiscal 2022 on Wednesday, with sales growing 84% compared to last year. Earnings...Read More
Founder, Chairman, CEO and President of Amazon Jeff Bezos gives a thumbs up as he speaks during an event about Blue Origin's space exploration plans in Washington, U.S., May 9, 2019.Clodagh Kilcoyne | ReutersAmazon CEO Jeff Bezos will step down on July 5, turning the helm over to cloud-computing boss Andy Jassy. "We chose that...Read More
In this articleAMZNMGM Studios Plaza entrance on February 28, 2015 in Niagara Falls, Ontario, Canada.Raymond Boyd | Michael Ochs Archives | Getty ImagesIt finally happened. After years of waiting, a large technology company finally acquired a significant legacy media company. Amazon has purchased legendary MGM Studios for $8.45 billion.So why does it feel so underwhelming?Perhaps...Read More
Amazon said Wednesday that it will acquire MGM Studios for $8.45 billion, marking its boldest move yet into the entertainment industry and turbocharging its streaming ambitions.The deal is the second-largest acquisition in Amazon's history, behind its $13.7 billion purchase of Whole Foods in 2017.Amazon said it hopes to leverage MGM's storied filmmaking history and wide-ranging...Read More
In this articleTSLAA photo illustration depicting the cryptocurrency bitcoin.Jakub Porzycki | NurPhoto via Getty ImagesThe price of bitcoin climbed back above $40,000 on Wednesday morning, a week after its price tumbled 30% to around $30,000.The world's most popular cryptocurrency was trading at $40,344.50 at 5:24 a.m. ET on Wednesday, up over 5% over the last...Read More
An advert for bitcoin on a bus in London's West End.Barry Lewis | In Pictures | Getty ImagesLONDON — An advertising campaign telling people in the U.K. "it's time to buy" bitcoin has been banned by the nation's advertising regulator for being irresponsible and misleading.Posters for cryptocurrency exchange service Luno — shown across the London...Read More
In this articleGOOGLSan Jose city officials on Tuesday night officially approved a plan for Google to build a massive campus in the heart of California's third-largest city.For its "Downtown West" project, Google will develop 80 acres of land in downtown San Jose, including 7.3 million square feet of office space for 20,000 workers and thousands...Read More
In this articleTSLAThe interior of a Tesla Model S is shown in autopilot mode in San Francisco, California, U.S., April 7, 2016.Alexandria Sage | ReutersTesla announced Tuesday that it is ditching radar in its driver-assistance features, including Autopilot.In a blog post, the company said its best-selling Model 3 and Model Y vehicles made for customers...Read More
In this articleUBERUber Technologies CEO Dara Khosrowshahi outside the New York Stock Exchange ahead of the company's IPO, May 10, 2019.Uber CEO Dara Khosrowshahi said Tuesday afternoon that while driver supply is getting better as more people get vaccinated against the coronavirus, there's still plenty of room to go as demand for rides outpaces supply."ETAs...Read More
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