Wish stock has plunged 27% in two days and almost 80% since January as users flee
Wish reported an unexpected revenue drop and a widening loss last week, speeding the sell-off in its stock price.
CNBC Technology
Tesla shares fall after U.S. regulators launch formal investigation into Autopilot system
Federal vehicle safety regulators have launched a formal investigation into Tesla following a series of fatal crashes.
Bezos' Blue Origin takes NASA to federal court over award of lunar lander contract to SpaceX
Jeff Bezos' space company Blue Origin filed a sealed complaint in federal court against NASA on Monday.
Amazon grocery exec Wei Gao, once an advisor to Bezos, departs the company
Wei Gao, who previously served as Jeff Bezos' "shadow" adviser, is leaving Amazon after sixteen years at the company.
Elizabeth Holmes' lawyers request potential jurors be quizzed about her celebrity
A highly recognizable lineup of business and political figures are expected to testify, including Henry Kissinger, Rupert Murdoch and James Mattis.
This 29-year-old YouTube millionaire has a good chance to be the next governor of California
Kevin Paffrath is running as a Democrat in the California recall election, and he's leading the polls among replacement candidates.
Game consoles were once banned in China. Now Chinese developers want a slice of the $49 billion pie
China's independent developers and major companies like Tencent and NetEase are eyeing the burgeoning console market after Beijing lifted a 14-year ban in 2014.
Minorities and women are finally getting a seat at the IPO underwriting table
JPMorgan is working on a database of women and minority-owned firms to help clients diversify their roster of underwriters in IPO and other deals.
A bunch of MIT students got $100 of free bitcoin in 2014 – some got rich, some wasted it on sushi
In 2014, MIT computer science student Jeremy Rubin offered all undergraduate students on campus $100 worth of bitcoin.
Reddit, fresh off a $10 billion valuation, plans a strong international push, CEO says
Reddit CEO Steve Huffman told CNBC it will use the funds from a new $700 million fundraising round to further its global presence and explore more content types.
Chime raises $750 million, earns big jump in valuation as another fintech moves closer to IPO
Chime has raised a fresh $750 million to value the fintech company at $25 billion, a $10 billion jump in valuation from its last round less than a year ago.
The family that bet everything on bitcoin when it was $900 is now storing it in secret vaults on four different continents
Didi Taihuttu and the "Bitcoin Family" are safeguarding most of their crypto fortune in secret vaults across four different continents.
It just got harder and less profitable to mine for bitcoin as algorithm adjusts
Early Friday morning, the bitcoin code automatically made it about 7.3% more difficult to mine.
Disney wins this round: Here's where the streaming giants stand at the end of earnings season
Disney won this earnings season by adding 12 million Disney+ subscribers while Netflix's growth stalled. Here's where the major streaming players stand.
U.S. chip start-up says its work with UK’s biggest plant came to a ‘screeching halt’ after Chinese takeover
Ideal Semiconductor was getting silicon wafers processed at the Newport Wafer Fab in Wales up until the fab was acquired by Chinese-owned Nexperia.
Gig economy companies are having to spend more than ever to find hosts and drivers
Airbnb and DoorDash saw their marketing costs soar more than 100% in the second quarter, but the spending was focused on supply, not demand.
Amazon plans to film second ‘Lord of the Rings’ series in the U.K. instead of New Zealand
Amazon has announced it is going to film the second season of its "Lord of the Rings" series in the U.K. rather than New Zealand.
After firing manager accused of sexual assault, Alibaba pledges 'zero-tolerance' with new measures
Alibaba said it would set up a five-woman committee that will be the "decision-making body for matters related but not limited to sexual harassment prevention."
Airbnb shares fall after company reports revenue jump of 300% but warns about delta
Airbnb's revenue came in at $1.34 billion, up nearly 300% year over year.
Chinese Tesla rival Nio narrows losses as revenue surges 127%
Amid the global chip shortage, the Nio CEO said the firm has been "working closely" with its partners to "improve the overall supply chain production capacity."
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