In this articleGOOGLThe Google logo is seen January 8, 2020 at the 2020 Consumer Electronics Show (CES) in Las Vegas, Nevada.ROBYN BECK /AFPAlphabet's market capitalization of over $1.5 trillion makes it one of the most valuable publicly traded companies in the world, trailing only Apple, Microsoft and Amazon.Created in 2015, Alphabet is essentially a holding...Read More
LONDON — Starting from June 7, Londoners will officially be allowed to whizz around on an electric kick scooter.City transport regulators said Tuesday that a handful of e-scooter rental firms had been selected to run trials in the U.K. capital next month.The operators include U.S. start-up Lime, German firm Tier and Dutch rival Dott, Transport...Read More
In this articleTSLATesla CEO Elon Musk speaks at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020.Ding Ting | Xinhua News Agency | Getty ImagesTesla's reliance on so-called regulatory credits to make money has been thrust back into the spotlight after a regulatory filing revealed investor Michael Burry took...Read More
Southeast Asia's start-up scene is presenting increased investment potential as the pandemic has shifted dynamics for the long-term, one of the region's leading venture capital firms said.Despite its "devastating" impact, the downturn has provided "a lot of opportunity" for new start-ups in the region, Roderick Purwana, managing partner at Indonesia-based East Ventures, told CNBC Monday,...Read More
In this articleAAPLApple Fellow Phil Schiller arrives at federal court on May 03, 2021 in Oakland, California.Justin Sullivan | Getty ImagesOn Monday, former Apple marketing senior vice president and current Apple fellow Phil Schiller testified that Apple does reduce its App Store fees for certain companies from 30% to 15% in exchange for them supporting...Read More
In this articleCMCSAVIACShari Redstone, chairwoman of ViacomCBS and president of National Amusements, reacts as she celebrates her company's merger at the Nasdaq Market site in New York, December 5, 2019.Brendan McDermid | ReutersIn the words of the great Tom Lehrer, "Who's Next?"Now that AT&T has decided to separate WarnerMedia and merge with Discovery, the rest...Read More
In this articleCMCSABrian Roberts, Chairman and CEO of ComcastDavid A. Grogan | CNBCShares of Comcast closed down 5.5% Monday after AT&T announced a deal to combine its content unit WarnerMedia with Discovery to form a new media giant.The new media company, which could be worth well over $100 billion, will compete against other players that...Read More
In this articleTSLAMichael Burry attends the "The Big Short" New York premiere at Ziegfeld Theater on November 23, 2015 in New York City.Jim Spellman | WireImage | Getty ImagesFamed investor Michael Burry on Monday revealed a short position against Tesla worth more than half a billion, in a regulatory filing.Burry, one of the first investors...Read More
Discovery CEO David Zaslav told CNBC on Monday he thinks the new company created out of a merger with AT&T's WarnerMedia could eventually attract 400 million global streaming video subscribers.Zaslav, a media executive with decades of experience, said the two are collectively a quarter of the way there already. He was tapped to lead the...Read More
In this articleTDISCAThen-WarnerMedia CEO John Stankey speaks in 2016.John Lamparski | Getty Images Entertainment | Getty ImagesJust three years ago, AT&T finally closed its $85 billion deal to buy Time Warner, ending a protracted battle with the Justice Department under then-President Donald Trump, which sought to block the deal.Now it's spinning off its media assets...Read More
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