DraftKings CEO dismisses stock plunge, says it's a 'wild market right now'
"In the meantime, we've just got to keep doing our thing and hopefully the market will catch on," CEO Jason Robins told CNBC on Friday.
CNBC Technology
Airbus CEO says hydrogen plane is 'the ultimate solution' but cautions a lot of work lies ahead
While there is excitement in some quarters about hydrogen planes, a considerable amount of work needs to be done to commercialize the technology.
DeepMind scientists say they trained an A.I. to control a nuclear fusion reactor
The London-based AI lab, which is owned by Alphabet, says it has trained an AI system to control and sculpt a superheated plasma in a nuclear fusion reaction.
Ford's Mustang Mach-E beats Tesla's Model 3 as Consumer Reports' top electric vehicle for 2022
The designation is further validation of Ford CEO Jim Farley's belief the company can not only compete with Tesla but also beat Elon Musk when it comes to EVs.
Roku drops sharply on disappointing revenue and guidance
Roku's revenue growth is slowing down after the pandemic brought more business from advertising and streaming device sales.
'Pathetic' performance has left U.S. 'well behind' China in 5G race, ex-Google CEO Eric Schmidt says
Eric Schmidt and co-author Graham Allison said in an op-end that 5G development is key as it could enhance a country's military and intelligence capabilities.
Palantir shares drop more than 15% after earnings
The company beat revenue estimates but missed earnings expectations for the fourth quarter.
Tesla CEO Musk accuses SEC of calculated effort to 'chill' his right to free speech
The filing comes more than a week after Tesla disclosed that the SEC issued a new subpoena to the automaker in November 2021.
Circle, the company behind the USDC stablecoin, doubles valuation to $9 billion in updated SPAC deal
Circle, the firm behind the stablecoin USDC, has doubled its valuation to $9 billion after a new deal with blank-check company Concord Acquisition Corp.
DoorDash shares soar after posting record order numbers
The company gave upbeat full-year guidance, suggesting it expects demand for food delivery to remain strong despite the easing of Covid restrictions.
Tesla phantom-braking complaints spur federal probe
Tesla phantom-braking complaints spur federal probe.
Amazon and Visa agree to end global dispute over credit card fees
Amazon has been piling pressure on Visa to lower its fees, signaling growing frustration from retailers over the costs associated with major card networks.
Britain's former deputy prime minister is now one of the most powerful people at Meta
Meta CEO Mark Zuckerberg has tasked Nick Clegg with leading Meta on "all policy matters" around the world.
Roblox shares close down 26% after earnings miss
The gaming company reported fourth-quarter revenue of $770 million, below the $772 million that analysts expected.
DoorDash stock pops 30% on revenue beat, strong order numbers
The food delivery company reported better-than-expected revenue for the fourth quarter, as well as total orders that topped analysts' expectations.
Google plans privacy change similar to Apple's, which wiped $230 billion off Facebook's market cap
Google said it will continue to support the current identifiers for the next two years.
China adds more companies to an industry body designed to develop the country's metaverse
China's metaverse industry body is tasked with developing standards and technology around the technology.
Nvidia provides strong revenue outlook on demand for computer chips
Nvidia reported fourth-quarter earnings on Wednesday.
Cisco rises on sunny outlook for the rest of its fiscal year
Cisco topped estimates in its largest segments, but the company's Hybrid Work segment that includes Webex came in lower than expected as revenue declined 9%.
Shopify stock closes down 16% after it warns pandemic boost will fade
Shopify's fourth-quarter earnings beat expectations, but it warned of slowing revenue in the first half of 2022.
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.
Subscribe to CNBC Technology feed
#channel