Snap pops more than 16% on earnings beat and user growth
Snap on Thursday reported its second quarter earnings, beating expectations across the board for earnings, revenue and user growth.
CNBC Technology
Shares of Indian food delivery start-up Zomato jump over 80% in market debut
Shares of Indian food delivery start-up Zomato jumped as high as 82% during its market debut on Friday.
Twitter posts fastest revenue growth since 2014 in pandemic rebound
Twitter's business rebounded in the second quarter after experiencing a sharp decline last year with the arrival of the coronavirus pandemic.
Indian eyewear start-up Lenskart plans to go public in the next three years, CEO says
Lenskart said this week it received $220 million in funds, led by Singapore state investor Temasek and Falcon Edge Capital.
Didi shares drop on report China is planning unprecedented penalties
Bloomberg News reported China is planning a slew of punishments against Didi, including a fine likely bigger than the record $2.8 billion that Alibaba paid.
Intel beats, but guides to lower margins for Q3
CEO Pat Gelsinger has announced plans for Intel to transform itself by manufacturing chips for other companies.
The internet outage that took down several major websites seems to be fixed
Several of the affected services blamed Akamai, a content delivery network.
Warner Bros. to produce more than 10 films exclusively for HBO Max release
Warner Bros. will bolster HBO Max next year with more than 10 new movie titles made exclusively for the streaming service.
Ethereum price rises after Elon Musk confirms he owns the cryptocurrency
Musk also expressed his support for cryptocurrency in general, despite environmental concerns related to mining.
Uber to buy a company that makes software to manage shipping for $2.25 billion
Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG.
Steve Jobs' 1973 job application is up for auction as an NFT
The one-page-long application was created by Jobs after he dropped out of Reed College and three years before he founded Apple.
Visa makes another big bet on fintech, buying UK payments start-up Currencycloud
Visa is buying Currencycloud in a deal valuing the British payments start-up at £700 million.
Blockchain start-ups raised a record $4.4 billion in the second quarter despite the slump in crypto prices
Venture investors appear unfazed by declining cryptocurrency prices.
Elon Musk says Tesla caused two-thirds of his personal and professional pain
Musk also acknowledged that Tesla is still not manufacturing its custom-designed 4680 cells for commercial use in electric cars or energy storage systems yet.
British fintech boss sounds the alarm about 'dangers' of bitcoin and other cryptocurrencies
The finance industry must remain vigilant about fraud in the unregulated crypto market, Starling CEO Anne Boden said.
Apple's recent privacy changes likely won't affect Q2 tech earnings
The overall ad sector is booming, so the IDFA changes will probably get lost in the noise but could be more noticeable in Q3.
UK digital bank Starling trims losses as revenue skyrockets 600%
Starling is "very much on track" to post its first full year of profitability in 2022, CEO Anne Boden said.
Smartphone shipments in India fell 13% on-quarter as Chinese firms maintain their stronghold
Smartphone makers shipped about 32.4 million devices in India between April and June, according to research firm Canalys.
Elon Musk walks back his fossil fuel worries, says Tesla will likely start accepting bitcoin again
Tesla paused accepting bitcoin over environmental concerns.
Biden says what others are 'afraid to say' about tech, Salesforce's Marc Benioff says
As the White House gears up to challenge practices in the technology industry, Salesforce CEO said President Biden is "saying a lot of really smart things."
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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