A prominent UK cybersecurity stock is under attack from short sellers. Here's what you need to know
Cybersecurity firm Darktrace was targeted in a short seller report from New York-based asset manager Quintessential Capital Management.
CNBC Technology
Elon Musk says Twitter is ‘trending to breakeven’ after near bankruptcy
Elon Musk tweeted Sunday that the last few months have been "extremely tough," but said that Twitter is "now trending to break even."
Inside the 'Wormhole,' Relativity Space's monster factory 3D-printing reusable rockets
Relativity Space uses a novel approach to manufacturing launch rockets out of mostly 3D-printed structures and parts.
Cloud leaders Amazon, Google and Microsoft show the once-booming market is cooling down
Companies looked for ways to save money on their cloud bills in the fourth quarter, a trend that could persist for at least the first half of 2023.
Jury finds Musk, Tesla not liable in securities fraud trial following 'funding secured' tweets
Tesla CEO Elon Musk was found not liable in a shareholder class-action suit stemming from 2018 tweets in which he said he was considering taking Tesla private.
Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021
Cost cuts have replaced growth on Wall Street's checklist, and tech executives are being celebrated for efficiency over innovation.
Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet
Despite Amazon's mixed fourth-quarter earnings report, analysts were encouraged by the company's potential for long-term growth and efforts to tame expenses.
Activision Blizzard pays SEC $35 million to settle probe
Activision Blizzard will pay $35 million to settle an SEC probe over whistleblower protection violations and disclosure failings.
Amazon is shutting some Fresh and Go stores as the company cuts costs
Amazon is exiting some Fresh and Go stores with 'low-growth potential' as it works to cut costs, the company said on its fourth-quarter earnings call.
Apple's long-term positives outweigh rare earnings miss, Morgan Stanley says
Apple's top and bottom line misses don't change the underlying bullish thesis for the company, Morgan Stanley analysts said.
Apple telegraphed that things are getting better after a tough quarter — here's how to interpret its remarks
Here's how to interpret Apple CFO Luca Maestri's directional insights from its Q1 earnings call.
Bill Gates says Elon Musk's ambition to colonize Mars is not a good use of money
In an interview with the BBC, Microsoft co-founder Bill Gates questioned whether Musk's vision of colonizing Mars was a good use of money.
Google CEO promises new A.I. features are coming to search 'very soon' amid competition from ChatGPT
Google and Alphabet CEO Sundar Pichai talked up the company's artificial intelligence projects during its Q4 2022 earnings call.
Chinese Tesla rival Xpeng launches flagship EVs in Europe in international push
Xpeng, a Chinese electric vehicle startup, launched its P7 sedan and its G9 sports utility vehicle (SUV) in Denmark, Norway, the Netherlands and Sweden.
Amazon's cloud business reports 20% growth in fourth quarter, missing estimates
Amazon Web Services is still growing faster than its parent company, but the unit is seeing a deceleration as businesses reel in spending.
Apple sales drop 5% in largest quarterly revenue decline since 2016
Apple's overall sales for the holiday quarter were about 5% lower than last year's, the first year-over-year sales decline since 2019.
Amazon's advertising business grew 19%, while Google and Meta both deal with slowdowns
Although Amazon's ads business constitutes a small fraction of the $149.2 billion in revenue the company recorded in its fourth quarter, it's growing fast.
Amazon beats on fourth-quarter revenue but provides light guidance
Amazon exceeded revenue expectations for the fourth quarter, but the stock price slipped on light sales guidance for the first quarter.
Alphabet misses on earnings and revenue as YouTube falls short
Google's core business is mired in a period of slow growth as businesses reel in ad spending.
Qualcomm revenue falls 12%, guidance implies more pain this quarter
Qualcomm saw weakness in mobile handset performance, and the chipmaker sees a sharper revenue decline coming in the quarter ahead.
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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