Drew Houston, Dropbox Co-Founder and CEO, speaking at CNBC’s @Work conference in San Francisco on November 4, 2019. Arun Nevader | CNBC Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a “transitional period” as its […]
Dropbox slashes 20% of global workforce, eliminating more than 500 roles Read More »
Sopa Images | Lightrocket | Getty Images Super Micro’s shares plunged as much as 35% Wednesday morning after the company disclosed its auditor had resigned following months of disagreement with the firm over its governance and board independence. Ernst & Young in its resignation letter said it was “unwilling to be associated with the financial
Super Micro shares plunge 35% as auditor resigns after raising concerns months earlier Read More »
The results of the presidential election will have a big impact on the economy, foreign relations and health care. But when it comes to technology, one of the most powerful people shaping regulation isn’t a candidate at all. It’s Sam Altman. Neither Republican candidate Donald Trump nor his Democratic rival, Vice President Kamala Harris, have
How OpenAI CEO Sam Altman’s lobbying power tamed Washington Read More »
AMD CEO Lisa Su makes the opening speech at COMPUTEX forum in Taipei, Taiwan June 3, 2024. Ann Wang | Reuters Advanced Micro Devices reported third-quarter results Tuesday, with earnings in line with forecasts and revenue that slightly beat expectations. Here’s how the company did, compared with LSEG estimates for the quarter ending Sept. 28:
AMD shares fall as forecast fails to impress despite strong AI growth Read More »
The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles in Los Angeles on Sept. 17, 2024. Andrej Sokolow | Picture Alliance | Getty Images Snap reported better-than-expected third-quarter results on Tuesday but issued light fourth-quarter guidance. The stock jumped more than 10% in extended trading. Here is how the company
Snap shares jump 10% on profit beat, stock buyback Read More »
Google CEO Sundar Pichai speaks with Emily Chang during the APEC CEO Summit at Moscone Center West in San Francisco on Nov. 16, 2023. Justin Sullivan | Getty Images News | Getty Images Google parent Alphabet reported earnings after the bell. Here are the results. Earnings per share:Â $2.12 vs $1.85 expected by LSEG Revenue:Â $88.27 billion
Alphabet earnings are out — here are the numbers Read More »
Apple’s new Mac Mini is smaller than its predecessor. Apple Apple announced on Tuesday new Mac Mini models, featuring the first major redesign since 2010 that makes the desktop computer significantly smaller. Aside from a redesign that shrunk the case and reduced the computer’s volume in half, the main upgrade on these new computers is
Apple announces new and smaller Mac Mini with first redesign since 2010 Read More »
A PayPal sign is seen at its headquarters in San Jose, California, Jan. 30, 2024. Justin Sullivan | Getty Images News | Getty Images PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in a bit light of expectations. Shares were trading lower premarket. Here’s how the company did compared to Wall Street estimates,
PayPal shares fall premarket on revenue miss Read More »
Omer Taha Cetin | Anadolu | Getty Images Bitcoin briefly climbed above $70,000 as investors braced themselves for MicroStrategy earnings and counted the days to the U.S. presidential election. The price of bitcoin was last higher by about 3% at $69,925.00, according to Coin Metrics. At about 6:00 p.m. Eastern on Monday, it touched $70,207.02
Former president Donald Trump reiterated his frustration with Taiwan over the weekend when he appeared on the Joe Rogan Experience podcast and accused the country of stealing America’s chip industry. Trump criticized the U.S. CHIPS Act and said he would implement tariffs on chips from Taiwan if elected president. Such tariffs would impact the global
