News

In this article 2330-TW INTC AMD Follow your favorite stocksCREATE FREE ACCOUNT Advanced Micro Devices made history this year when it surpassed Intel by market cap for the first time ever. Intel has long held the lead in the market for computer processors, but AMD’s ascent results from the company branching out into entirely new

NASSAU, Bahamas — Despite being pushed out of the cryptocurrency giant he founded, Sam Bankman-Fried told CNBC he is trying to lock down a multibillion-dollar deal to bail out FTX, which filed for Chapter 11 bankruptcy protection earlier this month. In a brief interview with CNBC late Friday, the FTX founder declined to give details

The SEC on Wednesday rejected Grayscale’s application for a spot bitcoin ETF, citing a failure by the investment manager to answer questions about concerns around market manipulation. Nurphoto | Nurphoto | Getty Images Grayscale, the asset manager running the world’s largest bitcoin fund, said in a statement that it won’t share its proof of reserves with customers. “Due

In this article PANW Follow your favorite stocksCREATE FREE ACCOUNT Palo Alto Networks is seeing tailwinds from customers looking to slash costs in the worsening economy, CEO Nikesh Arora said Thursday. “The silver lining in the current environment is that we’re having more consolidation conversations —because suddenly, the number one priority in addition to being

Doug Leone, managing partner at Sequoia Capital LLC, speaks during the Bridge Forum conference in San Francisco, California, U.S., on Wednesday, April 17, 2019. The event brings together leaders in finance and technology from Asia and Silicon Valley to connect and share insights. David Paul Morris | Bloomberg | Getty Images HELSINKI, Finland — Billionaire

In this article SOL.CM= BTC.CM= FTT.CM= Follow your favorite stocksCREATE FREE ACCOUNT FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonathan Raa | Nurphoto | Getty Images Securities

In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Muhammed Selim Korkutata | Anadolu Agency | Getty Images Twitter owner Elon Musk on Wednesday gave employees until 5 p.m. Thursday to decide whether to stay —and sign on to a “hardcore” culture of “long hours at high intensity” — or leave with three months

In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT The Twitter logo is displayed on the exterior of Twitter headquarters on October 26, 2022 in San Francisco, California. Justin Sullivan | Getty Images After Twitter told employees it would be closing its offices until Monday, new owner and CEO Elon Musk has called engineering

In this article TWTR META AMZN MS Follow your favorite stocksCREATE FREE ACCOUNT Small toy figures are seen in front of displayed Facebook’s new rebrand logo Meta in this illustration taken, October 28, 2021. Dado Ruvic | Reuters Tech employees at companies from Asana to Amazon and Meta have had their ranks winnowed by massive

In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon will continue to lay off employees in the coming year, CEO Andy Jassy wrote in a memo to workers on Thursday. “I’ve been in this role now for about a year and a half, and without a doubt, this is the most difficult decision

In this article 9999-HK ATVI Follow your favorite stocksCREATE FREE ACCOUNT The booth of Blizzard Entertainment at the Chinajoy Expo in Shanghai, China, on Aug. 2, 2019. CFOTO | Future Publishing | Getty Images Activision Blizzard and Chinese gaming firm NetEase are ending their 14-year licensing agreement, a move that will result in hit game

In this article TSLA TWTR Follow your favorite stocksCREATE FREE ACCOUNT Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Elon Musk said in court Wednesday that he does not want to be the CEO of any company. He recently acquired social

The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. Nurphoto | Nurphoto | Getty Images New Twitter CEO and sole director Elon Musk sent a companywide email to remaining employees of the social media business on Wednesday, demanding they commit to working “long hours at high intensity” or

In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon on Tuesday began laying off employees in its corporate and tech workforce as CEO Andy

Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking onstage at the 2022 Web Summit tech conference. Horacio Villalobos | Getty Images LISBON, Portugal — Once high-flying tech unicorns are now having their wings clipped as the era of easy money comes to an end. That was the message from the Web Summit tech

In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of employees.

SpaceX founder Elon Musk during a T-Mobile and SpaceX joint event on August 25, 2022 in Boca Chica Beach, Texas. Michael Gonzalez | Getty Images Elon Musk’s aerospace business SpaceX has ordered one of the larger advertising packages available from Twitter, the social media business he just acquired in a $44 billion deal and where

In this photo illustration a Twitter logo seen displayed on a smartphone screen with Elon Musk Twitter in the background in Athens, Greece on October 30, 2022. Elon Musk begins his Twitter ownership with firings. Nikolas Kokovlis | Nurphoto | Getty Images A large number of Twitter’s contract workers discovered they were suddenly terminated this

Sam Bankman-Fried, CEO and Founder of FTX, walks near the U.S. Capitol, in Washington, D.C., September 15, 2022. Graeme Sloan | Sipa via AP Images Sam Bankman-Fried told Reuters he is still in the Bahamas, as rumors swirled overnight that the disgraced ex-CEO of the now-bankrupt crypto exchange FTX had run off to South America.

In this photo illustration, the FTX website is seen on a computer on November 10, 2022 in Atlanta, Georgia. Binance, the world’s largest cryptocurrency firm, agreed to acquire FTX, another large cryptocurrency exchange, in a rushed sale in order to prevent a liquidity crisis, which is known as the “Lehman Moment” in the crypto industry.