Ahead of its 2012 initial public offering, Facebook was in trouble. Its revenue growth was slowing, expenses were surging and it was falling behind competitors in the transition to smartphones and other mobile devices.
Tim Ellis, an unassuming 31-year-old with glasses who shuffles around his sprawling rocket factory in designer sneakers, has what every space company founder longs for: a seemingly endless well of investors willing to pour money into his company.
Meta, the parent company of Facebook, has a new feature aimed at cutting down on harassment and assault in virtual reality: It will give avatars in its Horizon Worlds social app and Horizon Venues events app an invisible "personal boundary" of four feet to stop others from getting too close.
The historic collapse in Meta's shares this week has wiped $31 billion off Mark Zuckerberg's personal wealth, taking him down three places on Bloomberg's list of the world's richest people.
Last year, an improbable organizing effort among Amazon warehouse workers in a central Alabama suburb led to a high-profile push to create what would have been the first US union in Amazon's history. While the vote indicated the union push had failed, the results were thrown out.
Since the earliest days of the International Space Station, NASA has been exploring ways to get the private sector more involved, with the hope of bringing a capitalistic bent to a program that eats up a couple billion dollars worth of taxpayer money each year.
Wag, a dog-walking startup that once received $300 million from a single investor only to stumble in executing its strategy, is set to go public in a deal valued not much higher than that one investment.
MacKenzie Scott has donated $133.5 million to educational nonprofit Communities in School, an organization that helps students navigate issues inside and outside of the classroom.
Amazon is raising the price of its annual Prime subscriptions from $119 to $139 per year, the company announced along with its earnings report Thursday
Billionaire mining magnate Andrew Forrest is taking legal action against Facebook in Australia after he claims the company failed to remove scam advertisements that used his image.
Snap Inc on Thursday said its advertising business bounced back from the effects of Apple Inc's privacy changes faster than it expected, and shares of the company skyrocketed 50% as it provided a first quarter outlook that surpassed analyst estimates.
Nintendo Co Ltd sold 18.95 million Switch video game consoles in the nine months to the end of December, the Japanese company said on Thursday, taking total sales past 100 million and beating the lifetime sales of its Wii console.
Melinda French Gates may be shifting her approach to how she gives away her vast wealth following her high-profile divorce last year from Microsoft founder Bill Gates.
JD.com founder and CEO Richard Liu will donate company shares worth about $2.34 billion to charity, the Chinese e-commerce giant said on Wednesday, adding to a list of similar philanthropic pledges from the country's top tech billionaires.
Facebook rattled investors on Wednesday by posting a rare profit decline, driven by the company's heavy spending on its vision for a so-called metaverse while simultaneously confronting advertising challenges on its existing services.
Aaron Hommell bought his 3G iPhone 5 in 2014 and kept it for more than seven years, holding onto it even after the screen cracked and a long list of faster models hit the market. Then a year ago, AT&T began sending him emails that the company would be shutting down its 3G network and moving its subscribers to its higher-speed 4G and 5G networks.
In June 2019, after years of being under scrutiny for the impact its platforms have on society, Facebook unveiled one of its most ambitious projects yet: a cryptocurrency called Libra, which would be backed by an international consortium of companies. The effort had such lofty goals as providing financial services to the underbanked and extending the social media company's mission of connecting the world into the burgeoning market for digital money.
