Apple ramped up lobbying spending in 2022, outpacing tech peers
In total, Amazon, Apple, Google, Meta and Microsoft spent nearly $69 million lobbying the federal government in 2022.
CNBC Technology
Discord is paying for teens to give each other compliments
Social media company Discord acquired Gas this week, a fast-growing startup that is designed around teens giving each other compliments.
Twitter is down to fewer than 550 full-time engineers
Before Musk led a $44 billion leveraged buyout of Twitter last year, Twitter's headcount stood at about 7,500 employees.
Elon Musk defends his old tweets in securities fraud trial in San Francisco
Tesla CEO Elon Musk was in court on Friday defending past tweets about a deal that never materialized to take the company private.
Feds seize almost $700 million of FTX assets in Sam Bankman-Fried criminal case
Federal prosecutors seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares.
Here are the layoff severance packages Google, Microsoft, Amazon and other tech giants have promised
Laid-off employees across the tech sector enter an uncertain job market. Here's what their previous employers have offered to tide them over.
Google to lay off 12,000 people — read the memo CEO Sundar Pichai sent to staff
Sundar Pichai, Google's CEO, said in an email sent to the company's staff Friday that the firm will lay off 12,000 employees.
Amazon's drone delivery unit hit with layoffs just as 10-year-old project finally launches
A decade ago, Jeff Bezos touted Amazon's future in drone delivery, but the program has been beset with challenges and now faces job cuts.
Apple grew more slowly than Google, Amazon, Microsoft and Meta, and has so far dodged major layoffs
Google, Amazon, Microsoft and Meta all went on hiring sprees during the Covid era, and now they're all cutting employees. Apple is an exception (so far).
New weight loss drugs trending with billionaires and celebrities are about to enter more American homes
Online health startup Ro is getting into weight loss medicine, offering patients the trending obesity and diabetes GLP-1 class of drugs and real-time tracking.
Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empire
Genesis, the crypto lender owned by DCG, filed for bankruptcy protection, the latest collapse to follow FTX's implosion in November.
Google is delaying a portion of employee bonus checks
Instead of paying full bonuses in January, Google is deferring 20% of bonus checks by at least two months, according to documents viewed by CNBC.
Binance was final destination for millions in funds from Bitzlato, exchange shut down for alleged money laundering
Blockchain data shows that tens of millions of dollars moved from Bitzlato through intermediaries to Binance.
Netflix blows away expectations on subscriber numbers
Netflix reported earnings after the bell. Here are the results.
Amazon discontinues charity donation program amid cost cuts
Amazon is axing the program as CEO Andy Jassy undergoes a sweeping review of the company's costs.
Netflix founder Reed Hastings is giving up his CEO role
Hastings co-founded Netflix in 1997. Ted Sarandos was promoted to co-CEO alongside Hastings in July 2020.
Texas Instruments replaces CEO Rich Templeton with current operating chief Haviv Ilan
The chipmaker tried a similar move in 2018 but the operating chief selected to become CEO ended up resigning for violating conduct rules.
Early Facebook investor says Zuckerberg isn't cutting costs fast enough
Jim Breyer believes Meta isn't cutting costs fast enough and that the metaverse is years away.
Instagram just got an update that gives you more control over what you see in your feed
Instagram rolled out an update focused on teens, which include a notification-silenced mode called Quiet time and enhanced filters for users' feeds.
Ad mogul sees Meta rebounding 'extremely strongly,' Amazon ad revenue hitting $100 billion
Advertising titan Martin Sorrell believes Meta will rebound "extremely strongly this year" and sees a promising outlook for U.S. tech giants, despite a bruising 2022 and mass layoffs.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
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