Stripe tells employees it will decide on an IPO within the next year
Amid a dormant IPO market, Stripe will make a decision on its plans to go public within the next year, according to people familiar with the matter.
CNBC Technology
NBCUniversal expects Peacock losses to peak this year as streamer slowly adds subscribers
Peacock losses will likely peak in 2023, as NBCUniversal invests further in its response to the streaming wars.
Amazon, Google, Meta, Microsoft lay off thousands — but tech jobs are still hot in 2023, Indeed finds
Job opportunities are abundant in the broader ecosystem of technology jobs, despite woes at the traditional tech giants, according to Indeed.
Comcast beats expectations even as broadband growth slows, Peacock racks up losses
Comcast reported fourth quarter earnings before the bell, beating analyst expectations.
SAP to cut 3,000 roles, explore sale of Qualtrics stake
SAP became the latest tech giant to announce significant layoffs, with plans to cut up to 3,000 jobs, or about 2.5% of its workforce.
Smartphone shipments plunge to a low not seen since 2013 — their largest ever decline
Apple maintained its position as the top smartphone maker in the world, shipping 72.3 million iPhones in the fourth quarter, down 14.9% year on year, IDC said.
‘Robots are treated better’: Amazon warehouse workers stage first-ever strike in the UK
Amazon workers staged their first-ever strike in the U.K. Wednesday at the tech giant's warehouse in Coventry, central England.
Tesla reports record revenue and beats on earnings
Electric vehicle maker Tesla reported earnings after the bell. Here are the results.
Snapchat's role in fentanyl crisis probed during House roundtable: 'It's a Snap-specific problem'
Snap-owned Snapchat, and its role in the fentanyl crisis, was the focus of a House roundtable hosted by the Energy and Commerce Committee on Wednesday.
Facebook and Instagram will reinstate Trump after two-year ban
The decision comes two years after Trump's suspension on Facebook was enacted following the 2021 insurrection at the U.S. Capitol.
IBM tops revenue estimates, says it will cut 3,900 jobs
Growth in mainframe sales helped IBM avoid slipping back into a pattern of declining revenue. The company faces a high bar for free cash flow in 2023 and 2024.
DOJ files second antitrust suit against Google, seeks to break up its ad business
The lawsuit targets Google's advertising business and comes after reports that DOJ antitrust chief Jonathan Kanter had been cleared to work on Google.
Precision Neuroscience, co-founded by Neuralink alum, is creating a brain implant thinner than a human hair
Precision Neuroscience announced a $41 million Series B funding round Wednesday, bringing its total to $53 million in under two years.
DCG-owned crypto exchange Luno axes 35% of staff, citing market turbulence
London-based crypto exchange Luno informed employees Wednesday of the redundancies at 12 p.m. GMT in a live-streamed town hall.
Microsoft offers lackluster guidance, says new business growth slowed in December
Microsoft saw slower Azure growth and device execution challenges in a quarter where it took a $1.2 billion charge, mainly for cutting 10,000 jobs.
BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Fried's crypto empire
Financial documents that were mistakenly uploaded from bankrupt crypto firm BlockFi show a $1.2 billion relationship with FTX and Alameda Research.
Microsoft's forecast suggests gloomy tech environment will continue
Microsoft's business weakened in December. Now it expects those patterns to continue to play out through March, including in its critical Azure cloud.
Microsoft users hit with global cloud outage that impacted products like Teams and Outlook
Microsoft is investigating issues with several of its products including Teams and Outlook, the company said Tuesday.
Semiconductor giant ASML sees 2023 sales surge; says China revenue to be steady despite U.S. chip restrictions
Dutch chip equipment maker ASML forecast a 25% jump in 2023 revenue as the semiconductor industry forecasts a recovery in the second half of this year.
Google job cuts hit 1,800 employees in California, including 27 massage therapists
As part of Google's largest ever round of job cuts, the company eliminated more than 1,800 positions in its home state.
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