SoftBank sues social media startup it invested in, alleging it faked user numbers
Buzzy social media startup IRL launched in April 2021 and was seemingly "one of the fastest growing social media apps for Generation Z," the complaint alleges.
CNBC Technology
Apple shares fall most since September 2022 after third-quarter earnings report
Apple's earnings beat soft expectations on both profit and revenue, but overall sales declined 1% as iPhone, iPad and Mac sales flagged.
Apple shares slide after it reports decreased revenue for iPhone and other hardware
Shares of Apple were down Friday morning after the company reported lower year-over-year revenue for its flagship products in its third quarter.
Amazon stock rallies after blowout quarter
Analysts cheered stabilizing AWS growth, improving retail margins and progress on cutting costs.
The Metals Company announces a controversial timeline for deep sea mining that worsens the divide in an already bitter battle
The Metals Company announced it will submit an application for mining the deep sea in international waters in 2024, but debate over regulations are ongoing.
Alphabet dumps more than 90% of its stake in Robinhood
Google parent Alphabet has pared back large positions in multiple publicly traded firms, including the trading platform Robinhood, 23andMe and Duolingo.
Judge narrows case in Google antitrust suits brought by states and DOJ
A federal judge narrowed the case that states and the DOJ can make in the antitrust trial against Google beginning in September, per a newly-released decision.
Google is offering an on-campus hotel 'special' to help lure workers back to the office
The offer is part of the search giant's efforts to bring remote employees back to offices.
Amazon CEO Jassy's cost cuts deliver investors biggest profit beat since 2020
Amazon reported earnings that blew past estimates on Thursday, showing just how far the company's cost cuts have gone to bolster profitability.
Apple, Samsung could be hit by India laptop and PC import restrictions
Laptops and tablets are among a handful of electronics that will require a license to be imported into India, according to a government notice.
How Brightline is changing passenger rail in the U.S.
Brightline is looking to connect the U.S. with passenger rail, starting with its Florida project, and moving on to create a high-speed line on the west coast.
Huawei plots China smartphone revival with mobile operating system upgrade
Huawei launched its upgraded mobile operating system and an enhanced AI assistant on Friday.
Amazon's online advertising unit just brought in over $10 billion in the second quarter
Amazon's online advertising business has become lucrative for the online retailer.
Apple's most profitable line of business is making up for some hardware struggles
In the June quarter, Apple's services business grew over 8%, and the company says the current period is poised to show even faster expansion.
Automakers promote advanced tech to compete in China — the world's top EV market
China is the world's largest EV market with 5.9 million units sold in 2022, capturing 59% of EVs sold globally, according to Canalys.
Amazon reports blowout profit, beats on sales and issues optimistic guidance
Amazon posted its strongest earnings beat since the end of 2020, and gave upbeat guidance for the third quarter.
Amazon cloud revenue rises 12%, topping analysts' estimates
Amazon's cloud business is showing decelerating growth as companies reel in spending due to an uncertain economy.
Atlassian shares skyrocket as CEOs see wider margins returning
After moving many of its customers from on-premises software to cloud products, Atlassian is looking for margins to return to historical levels.
Airbnb reports continued deceleration in nights and experiences booked
Airbnb said that nights and experiences booked grew 11%, missing estimates. But the number improved in June in comparison with April, the company said.
Etsy shares plunge 13% on weak guidance
The company forecasted third-quarter revenue and gross merchandise sales that fell short of consensus estimates.
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