Spotify stock plunges on middling user growth projections
In Q1 2022, Spotify expects to report 418 million monthly active users. Analysts anticipated guidance of 417.8 million, according to StreetAccount.
CNBC Technology
Offshore wind powerhouse Siemens Gamesa sees its value nearly halve in a year
Siemens Gamesa has cut its guidance for the coming year after a turbulent period that has seen its market capitalization nearly halve.
Nintendo Switch sales top 100 million, surpassing the Wii, but chip shortage weighs
It's a big milestone for the Switch, as the Wii was one of Nintendo's most popular consoles.
DeepMind co-founder plans to help U.S. VC firm Greylock penetrate Europe
"I'm especially on the look out for AI companies," DeepMind co-founder Mustafa Suleyman told CNBC.
Facebook shares plunge more than 20% on weak earnings, big forecast miss
Facebook became Meta late last year and is now reporting results for the first time under the new name, which is a nod to its push into the metaverse.
Qualcomm beats expectations for revenue and earnings, sales up 30%
Qualcomm said it expected between $10.2 billion and $11 billion in sales in the upcoming quarter, ahead of analyst estimates of $9.6 billion.
Crypto exchange FTX to buy Japanese rival Liquid for Asia expansion
FTX, which earlier this week announced it had raised $400 million at a $32 billion valuation, is expanding aggressively in the Asian crypto market.
Mark Zuckerberg's 'metaverse' business lost more than $10 billion last year, and the losses keep growing
Those losses for 2021 are in line with what Zuckerberg said last year he expected to invest in Reality Labs.
Social media stocks crater after Facebook reports disappointing earnings
The blast radius wasn't limited to social media. Even Amazon got pulled downward after hours ahead, of its fourth-quarter earnings announcement on Thursday.
Google parent company adds air quality and power shutoffs from wildfires to risk factors
The addition comes as large corporations, including Google, are more public in acknowledging the effects of climate change.
PayPal stock closes down 24% in worst-ever trading day
In an interview with CNBC, PayPal CEO Dan Schulman said the company took "a measured approach" to guidance.
Alphabet stock jumps on back of blowout earnings
The strong report led at least nine Wall Street firms to raise their price target on the stock.
Crosby, Stills & Nash want their music pulled from Spotify over Joe Rogan controversy
Young pulled his music from the streaming platform last week over allegations that Joe Rogan spread coronavirus vaccination misinformation with his show.
Amazon workers at a second Staten Island warehouse file petition for union election
Amazon Labor Union is now seeking to represent workers at two Amazon warehouses on New York's Staten Island.
Germany scuttles $5 billion chip deal with Taiwan firm amid tech sovereignty concerns
Taiwan's GlobalWafers will no longer buy Munich-headquartered rival Siltronic after policymakers in Germany failed to approve the deal in time.
The SPAC market starts 2022 with abysmal losses, abandoned deals
Companies that went public via SPACs have been among those worst affected by January's sell-off, while many sponsors wereforced to scrap their proposed deals,
Calm app acquires Ripple Health Group and appoints a new co-CEO
David Ko, CEO and co-founder of Ripple Health Group, will join relaxation app Calm as co-CEO upon the company's acquisition of Ripple.
Danish energy fund to lead massive green hydrogen project in Spain, powered by wind and solar
Over the past few years a number of major firms have undertaken projects related to green hydrogen.
Alphabet reports big fourth-quarter beat; stock pops
Alphabet reported earnings after the bell. Here are the results.
Alphabet stock split could pave the way for addition to the Dow Jones Industrial Average
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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