Elon Musk sold around $8.4 billion worth of Tesla shares this week as he moved to buy Twitter
Elon Musk sold roughly $8.4 billion worth of Tesla shares, according to filings with the Securities and Exchange Commission.
CNBC Technology
TikTok looms large in tech earnings reports as digital ad giants struggle to keep up
Facebook, Google and Amazon missed analyst expectations in a difficult quarter for the top U.S. online ad companies.
Airbnb CEO says staff can 'live and work anywhere'
Airbnb is planning to let its employees live and work wherever they want as other firms start bringing staff back to the office.
Central African Republic becomes second country to adopt bitcoin as legal tender
Bitcoin will now be considered legal tender in the Central African Republic.
Singapore start-up Nium seeks up to $400 million in deals to take on Europe's crowded fintech market
Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business.
Intel beats but offers disappointing guidance
Intel called for weaker-than-expected second-quarter earnings and revenue as it plans exapansion through factories in the U.S. and Germany.
Amazon takes $7.6 billion loss on Rivian stake after EV company's stock plunge
After seeing its Rivian investment gain by $12 billion in the fourth quarter, Amazon had to mark its stake down dramatically due to a slump this year.
Amazon shares fall on bleak forecast and slowest growth since dot-com bust
Amazon gave a revenue forecast that trailed analysts' estimates and recorded a big loss on its Rivian investment.
Apple shares dip after company warns of a possible $8 billion hit from supply constraints
Apple reported earnings after the bell. Here are the results.
Amazon's cloud business grows almost 37%, but slows from last quarter
Amazon's overall business lost money in the first quarter, but the loss would have been even steeper were it not for the fast-growing cloud segment.
Twitter reports user bump, revenue miss for Q1, days after accepting Musk's takeover bid
Twitter just reported earnings for the first quarter of 2022, in what could be one of its last public reports after its board agreed to sell to Elon Musk.
Snap launches a $230 flying camera called Pixy
Pixy is available as of Thursday in the U.S. and France.
Comcast shares slump as broadband subscriber growth continues to slow
Comcast beat on the top and bottom lines, but broadband growth continues to slow.
Meta shares surge nearly 18% after Facebook parent beats earnings estimates
Facebook's parent company said daily active users rose slightly in the first quarter, to 1.96 billion from 1.93 billion.
How Headspace Health is tackling the global mental health crisis
Mindfulness app Headspace surged during the pandemic, and it is among the digital mental health start-ups hoping to scale a global business amid high demand.
These scientists bonded over toilet tech. Now they're working on carbon-free cement
Breakthrough Energy Ventures and Silicon Valley venture capital firm DCVC invest $55 million in a start-up aiming to make Portland cement carbon negative.
Huawei's first quarter revenue tumbles by nearly 14% as smartphone sales plunge
Chinese telecommunications giant Huawei said first quarter revenue fell by nearly 14% from a year ago, while its profit margin more than halved.
Elon Musk wins shareholder lawsuit over Tesla's $2.6 billion SolarCity acquisition
Tesla shareholders alleged that Tesla buying the solar installer amounted to a bailout, pushed through by Elon Musk who sat on both company boards at the time.
Qualcomm revenue pops 41% driven by Android phone chip sales
Qualcomm makes most of its money from selling processors and modems for smartphones and licensing technology for connecting to cellular networks.
Alphabet announces $70 billion buyback
In 2021, Alphabet repurchased more of its own stock than any other public company except for Apple.
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