Getty Images 8VC, the Austin, Texas-based venture capital firm run by Palantir co-founder Joe Lonsdale, is partnering with Morgan Stanley-backed Lineage Logistics, a company known for its global network of temperature-controlled cold storage facilities, to double down on investments in the transportation and logistics sector. 8VC co-founder and partner Jake Medwell is joining Lineage in
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Nextdoor’s decision to go public through a special purpose acquisition company was largely the result of favorable pricing compared with a traditional IPO, said Bill Gurley, a partner at Benchmark and an early investor in the neighborhood social network. Gurley has been among the most vocal supporters of direct listings, another IPO alternative in which
People walk past the New York Times building on October 14, 2019 in New York City. Eduardo Munoz Alvarez | VIEW press | Corbis | Getty Images For about 16 months, the U.S. and U.K. news industries have predominantly operated out of people’s living rooms, home offices and bedrooms. Now, they’re deciding what post-pandemic life
In this article MSFT If you own a PC, chances are it’s running Windows, the operating system that Microsoft has offered since 1985. Even with people buying modern Macs with energy-sipping Arm chips, and even with some students and corporate workers picking up Chromebooks during the pandemic, Windows still holds on 83% market share for
Elon Musk speaks at SolarCity’s Inside Energy Summit in New York. Rashid Umar Abbasi | Reuters Tesla CEO Elon Musk is expected in court on Monday, and the stakes are high — if he loses he could have to pay upwards of $2 billion from his considerable personal wealth. Musk will be the first witness
ShipBob fulfillment center in Moreno Valley, California ShipBob After ShipBob decided last July to let staffers work from anywhere, the logistics start-up had its landlord erect a wall in the middle of its Chicago headquarters so half the space could be rented out to another company. On March 1, the office reopened at reduced capacity
In this article AAPL Second-generation Apple AirPods with wireless charging indicator Todd Haselton | CNBC When AirPods were first released in 2016, they were a marvel of miniaturization. To ditch cords and go wireless, Apple packed several chips, microphones and speakers into each headphone, which weigh about 4 grams. Without a cord, the earbud gets
US President Joe Biden speaks about the situation in Afghanistan from the East Room of the White House in Washington, DC, July 8, 2021. Saul Loeb | AFP | Getty Images 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
The author of “Bad Blood” isn’t finished telling the Theranos story. Three years since the release of his bestselling book, John Carreyrou is debuting a new podcast to uncover the final chapter of former Theranos CEO Elizabeth Holmes. “Bad Blood: The Final Chapter” will follow the upcoming trial of Holmes. In an interview with CNBC,
In this article MSFT Kevin Stratvert produces videos at his home in Seattle. Tara Brown When Microsoft updated its Teams communication app with a more sophisticated way to give PowerPoint presentations in January, the company published a 500-word blog post on the feature. People could read the blog post and try to figure out how
In this article BZ YMM GUANGZHOU, China — Chinese regulators have opened a cybersecurity review into U.S.-listed Boss Zhipin and subsidiaries of Full Truck Alliance. The Cyberspace Administration of China (CAC) said the probe had been opened to “prevent national data security risks” as the crackdown on the country’s technology sector continues. Yunmanman and Huochebang,
In this article UBER LYFT A ride share driver picks up passengers at O’Hare Airport on April 10, 2019 in Chicago, Illinois. Scott Olson / Getty Images After a dramatic decline in traveling this past year, people are moving again. Yet, despite offering cash incentives, rideshare giants Uber and Lyft are still struggling to bring drivers
Sefa Ozel | E+ | Getty Images LONDON — Nexperia, a Dutch chip firm owned by China’s Wingtech, confirmed on Monday that it plans to acquire the U.K.’s largest chip producer, Newport Wafer Fab. It comes after two people close to the deal told CNBC on Friday that the acquisition would be formally announced early
In this article DIDI Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters GUANGZHOU, China — China’s government has opened a new battlefront with the country’s technology giants, looking to target their
Amazon.com founder and CEO Jeff Bezos. Getty Images Ann Hiatt remembers Jeff Bezos didn’t like to sit down for long. As the Amazon CEO’s executive assistant from 2002 to 2005, Hiatt was charged with keeping track of Bezos’ whereabouts. At that time, the fast-growing internet retailer had moved into an Art Deco-style building that was
Shares in ride-hailing giant Didi Chuxing crashed as much as 25% in pre-market trading on Tuesday, less than a week after the Chinese app listed on the New York Stock Exchange. The company’s share price fell to $12.06 at 4:46 a.m. Tuesday in pre-market trading, down from $15.53 at the last market close. The fall
The Pleo app pictured on a smartphone next to one of the fintech firm’s corporate cards. Pleo LONDON — There’s a new fintech unicorn in town. Danish start-up Pleo, which sells corporate expense management software and linked “smart” payment cards, has boosted its valuation to $1.7 billion in a $150 million equity financing round. The
Rafael Henrique | LightRocket | Getty Images Instagram wants to be more like TikTok. TikTok is extending the length of its videos to be more like YouTube. Roku seems to be following the Netflix playbook and investing in original video. The streaming wars are generally discussed as a competition between the large global legacy media
In this article DSY-ZA Still from Disney’s latest Pixar film “Luca.” Disney While most Americans are breathing a sigh of relief as they return to normal activities outside the home in the wake of the Covid-19 pandemic, the streaming video industry may not be quite as excited for a return to reality. Comcast‘s NBCUniversal, ViacomCBS,
Amazon Founder and CEO Jeff Bezos Mark Ralston | AFP | Getty Images Amazon on Thursday added two new entries to its vaunted “leadership principles,” a list of more than a dozen business philosophies meant to guide employee decisions and goals. Many of Amazon’s leadership principles have existed since the company’s earliest days, such as