Snap shares soar more than 58% after earnings show it's weathering Apple's privacy changes
In contrast, Facebook parent Meta reported a day earlier that the Apple changes would result in a $10 billion revenue hit this year.
CNBC Technology
Cutting-edge gallium nitride tech could help EVs charge three times faster
Navitas Semiconductor, a company that makes tech for super-fast phone chargers with gallium nitride semiconductors, says electric vehicles are its next big bet.
Zucker leaving CNN may change the long-term plans for CNN+, sources say
Zucker's exit from CNN may ease Discovery CEO David Zaslav's integration of CNN into his broader streaming strategy, sources say.
Facebook is the big loser of the fourth quarter's advertising wars
Facebook, now Meta, has emerged as the fourth quarter's biggest loser in the hotly contested advertising wars.
Volvo and Northvolt to build gigafactory in Sweden with a former Tesla exec in charge
Volvo Cars plans to become a "fully electric car company" by the year 2030.
Facebook's $232 billion fall sets record for largest one-day value drop in stock market history
Facebook's parent company Meta set a new record for the largest one-day valuation drop in stock market history.
Chip giants are ramping up spending by the billions as semiconductor demand booms
TSMC, Intel and Samsung are all planning to make significant investments into semiconductor manufacturing this year.
Pinterest jumps more than 25% on earnings beat as tech stocks bounce back
Before the report, Pinterest stock had dropped 10% on Thursday, after social networking competitor Meta reported an outlook worse than expectations on Wednesday.
Bitcoin miners are helping the Texas grid brace for winter storm impact
As a major winter storm descends on Texas, crypto miners are powering down operations to help ease the burden on the state's already beleaguered power grid.
Amazon shares soar on cloud revenue beat and huge profit gain from Rivian stake
Amazon on Thursday reported a big beat on the top line in its fourth quarter results, driven by a gain on its stake in electric vehicle company Rivian.
Facebook stock plummets 26% in its biggest one-day drop ever
Other tech stocks were down Thursday following Facebook's plunge.
Amazon has a $31 billion a year advertising business
Amazon's advertising services unit is larger by revenue than the advertising portion of Microsoft, as well as total revenue for Pinterest and Snap.
Airbnb survived Covid, but the crisis mode in "sharing" economy stays
Airbnb survived Covid and completed an IPO amid pandemic that was doubted, but its success is linked to a sharing economy model with as many critics as fans.
AWS growth accelerates in quarter marred by outages
The Amazon cloud segment outperformed analysts' estimates on operating income and revenue, and customers have been opting for chips Amazon developed in-house.
Facebook and Google stocks have diverged, and the reason is Apple
While Facebook parent Meta's stock has tanked to an 18-month low, Google is trading near a record. Blame Apple's impact on ad targeting.
Amazon increases the price of Prime nearly 17% to $139 per year
Amazon hasn't raised the price of its Prime membership program since 2018, when it increased from $99 to $119, the current fee.
Spotify CEO says he feels good about how he handled Joe Rogan controversy as stock drops
Spotify CEO Daniel Ek spoke to CNBC's "Squawk on the Street" the morning after the company reported fourth-quarter earnings.
$25 billion wiped off Sony this year as chip crunch hits PlayStation 5, Microsoft competition heats up
Sony cut its full-year sales target for the PlayStation 5 from from 14.8 million units to 11.5 million units as the global chip shortage has hit production.
More than $320 million stolen in latest apparent crypto hack
Wormhole, one of the most popular bridges linking the ethereum and solana blockchains, lost about $320 million in an apparent hack Wednesday afternoon.
Facebook says Apple iOS privacy change will result in $10 billion revenue hit this year
Apple's privacy feature disrupts the behind-the-scenes mechanics of many mobile ads, especially those that confirm whether a purchase or download was made.
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