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284 Results / Page 10 of 32

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billion quarter
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Amazon posts third $100 billion quarter in a row, but still misses expectations

Amazon posts third $100 billion quarter in a row, but still misses expectations Via CNBC.com: Amazon shares fell more than 7% in extended trading on Thursday after the company reported its first revenue miss in three years and gave weak third-quarter guidance. Here’s how the company did: Earnings: $15.12 vs $12.30 per share, according to analysts surveyed by Refinitiv Revenue: $113.08 billion vs $115.2 billion, according to analysts surveyed by […]

today07/30/2021 17

battery throttling
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Tesla owners could get $625 each in class action settlement over battery throttling

Tesla owners could get $625 each in class action settlement over battery throttling Via CNBC.com: Some Tesla owners could get $625 each to settle claims that an over-the-air update, pushed to their Model S electric sedans in May 2019, reduced their battery’s charging speed, maximum capacity and range temporarily. According to documents filed with a U.S. District Court in San Francisco, and obtained by CNBC, the proposed settlement would have […]

today07/30/2021 3

tech giants
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3 tech giants report combined profits of more than $50B

3 tech giants report combined profits of more than $50B Via AP News: Three tech companies — Apple, Microsoft and Google owner Alphabet — reported combined profits of more than $50 billion in the April-June quarter, underscoring their unparalleled influence and success at reshaping the way we live. Although these companies make their money in different ways, the results served as another reminder of the clout they wield and why […]

today07/28/2021 28

Tesla Supercharger
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Elon Musk says Tesla Supercharger network will be open to other cars this year

Elon Musk says Tesla Supercharger network will be open to other cars this year Via CNBC.com: Tesla CEO Elon Musk said Tuesday that the company’s network of DC fast-charging stations for its electric vehicles, also known as the Tesla Supercharger network, will be open to other types of electric vehicles in 2021. Responding to a Tesla fan on Twitter, where Musk commands a following of 58.3 million, the CEO specifically wrote: […]

today07/21/2021 6

vaccine misinformation
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Facebook refutes Biden claim that it is ‘killing people’ with vaccine misinformation

Facebook refutes Biden claim that it is ‘killing people’ with vaccine misinformation Via CNBC.com: Facebook on Saturday refuted remarks made by President Joe Biden that social media platforms are “killing people” by allowing coronavirus vaccine misinformation on their services and argued that vaccine acceptance among its users has actually risen in the U.S. In a blog post, Guy Rosen, Facebook’s vice president of integrity, pointed to data suggesting that vaccine hesitancy among […]

today07/19/2021 10

Zoom
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Zoom is buying cloud contact center provider Five9 for $14.7 billion

Zoom is buying cloud contact center provider Five9 for $14.7 billion Via CNBC.com: Zoom announced on Sunday that it’s buying Five9, a provider of cloud contact center software, in an all-stock transaction valuing the company at $14.7 billion. The deal marks Zoom’s first billion-dollar acquisition and comes as the company prepares for a post-pandemic world with employees returning to the office. It’s the second-biggest U.S. tech deal this year, behind […]

today07/19/2021 12

Cybertruck
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Elon Musk admits Tesla’s Cybertruck could flop

Elon Musk admits Tesla’s Cybertruck could flop Via CNBC.com: Tesla CEO Elon Musk said Thursday in an exchange with fans on Twitter that there’s “always some chance” his company’s forthcoming Cybertruck will “flop.” Nonetheless, Musk plans to keep the Cybertruck “production design” almost exactly the same as its show car — a giant metal trapezoid. But he also said he “doesn’t care” about any risk that the Cybertruck could flop, […]

today07/16/2021 7

Tesla Powerwall
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Elon Musk says Tesla Powerwall production lagging due to chip shortage

Elon Musk says Tesla Powerwall production lagging due to chip shortage Via CNBC.com: Tesla CEO Elon Musk revealed in court on Monday that demand for Tesla Powerwalls stands around 80,000 units, but the company won’t be able to make even half of that many this quarter. In the “best case,” Musk said, Tesla will produce 30,000 to 35,000 of its home backup batteries in the current quarter. He blamed the […]

today07/14/2021 43

Big Tech
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Biden to sign executive order aimed at cracking down on Big Tech business practices

Biden to sign executive order aimed at cracking down on Big Tech business practices Via CNBC.com: The White House on Friday will announce a new executive order aimed at cracking down on competitive practices in Big Tech, CNBC’s Ylan Mui reported. President Joe Biden’s administration will make the case that the biggest companies in the tech sector are wielding their power to box out smaller competitors and exploit consumers’ personal […]

today07/09/2021 23

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