Amazon is bucking the online ad trend and just beat out Google and Meta
Social media companies like Meta and Twitter are experiencing a weak online ad market, but Amazon continues to flourish.
CNBC Technology
Robinhood cutting about 23% of jobs, releases second-quarter earnings
Robinhood CEO Vlad Tenev said Tuesday in a press release that the company will reduce its headcount by approximately 23%.
Instagram boss Adam Mosseri to move to London as Meta tries to counter TikTok's rise
Instagram boss Adam Mosseri will temporarily relocate to London later this year, a Meta spokesperson confirmed to CNBC.
Voyager CEO made millions in stock sales in 2021 when price was near peak
CEO Steven Ehrlich made over $30 million disposing of Voyager equity as the now-bankrupt crypto lender's shares neared an all-time high in spring 2021.
Homeless, suicidal, down to last $1,000: Celsius investors beg bankruptcy judge for help
The question of who gets repaid first — should that day ever come — looms heavy over the bankruptcy proceedings of crypto lender Celsius.
Alibaba could see first revenue decline on record but analysts expect sales recovery later this year
Alibaba's China commerce revenue is expected to remain under pressure due to Covid-related lockdowns in major Chinese cities during the June quarter.
Airbnb stock slumps despite record-breaking bookings
Airbnb's revenue jumped 58% year-over-year to $2.1 billion helping to drive the company’s most profitable second quarter to date.
AMD beats on earnings and revenue, but third-quarter forecast comes in light
AMD currently has a significant market opportunity as its primary rival for PC and server chips, Intel, stumbles with execution.
Bankrupt crypto lending platform Celsius is trying to hire its CFO back at $92,000 a month, filings say
Rod Bolger was previously with the company for five months before resigning on June 30, about three weeks after the platform paused all withdrawals.
MicroStrategy CEO Saylor moves to chairman role, focusing on strategy and bitcoin
MicroStrategy's Michael Saylor is leaving his role as CEO to become Executive Chairman of the company, according to a statement on Tuesday afternoon.
Apple chipmaker TSMC warns Taiwan-China war would make everybody losers
If China were to invade Taiwan, the most-advanced chip factory in the world would be rendered "not operable," TSMC Chair Mark Liu said.
PayPal jumps as Elliott Management says it has a $2 billion holding in the financial services company
PayPal stock has been cut in half in 2022, but it's getting a vote of confidence from hedge fund Elliott Management, which is also a big Pinterest investor.
Match shares plunge more than 20% after online dating company misses on revenue and forecast
Match said it's not seeing the same level of activity now that people are socializing in person again.
Amazon warehouses face expanded probes into safety hazards as investigators visit three more sites
Last month, OSHA and federal prosecutors launched a probe into potential safety violations at Amazon warehouses.
Uber reports another big loss but beats on revenue, shares pop 19%
Uber reported a second quarter loss on Tuesday but beat analyst estimates for revenue.
Pinterest shares jump after Elliott confirms it's the company's largest investor
Shares of Pinterest jumped 11% Tuesday despite disappointing second-quarter earnings that missed analyst estimates.
Robinhood's crypto division fined $30 million by New York financial regulator
Robinhood's crypto division was fined $30 million for "significant failures" in areas of anti-money laundering and cybersecurity regulations.
Chinese e-commerce giant Alibaba teams up with Tesla rival Xpeng on tech for driverless cars
For Xpeng, the move marks its ambitions to pull ahead in China's fiercely competitive electric vehicle market and attempt to challenge giants Tesla and BYD.
VMware veteran takes helm of pre-IPO software company Cohesity, though market debut is on hold
Sanjay Poonen, who spent eight years as a VMware executive, said Cohesity is positioned to pick up business as it faces incumbents such as Dell.
Hackers drain nearly $200 million from crypto startup in 'free-for-all' attack
Hackers yanked almost $200 million in crypto from Nomad, a so-called blockchain bridge.
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