A.I. lender Upstart shares plummet more than 50% after company cuts full-year revenue forecast
Shares of Upstart plummeted Tuesday after the consumer lending platform cut its full-year revenue outlook.
CNBC Technology
Uber CEO tells staff company will cut down on costs, treat hiring as a 'privilege'
Uber will slash spending on marketing and incentives and treat hiring as a "privilege," CEO Dara Khosrowshahi said in an email to staff Sunday.
Apple discontinues the last iPod model
Apple said the iPod touch will be available while supplies last.
Netflix could introduce ads, crack down on password sharing by the end of this year, source says
An end-of-year target would put the ad-supported tier on a much faster track than Netflix originally indicated.
Amazon fires two employees tied to Staten Island union effort
Amazon recently fired two employees involved in the organizing effort at a Staten Island warehouse, where workers voted in the company's first U.S. union.
Nintendo announces surprise 10-for-1 stock split; expects Switch sales to fall 9%
Nintendo said Switch console sales totaled 23.06 million last financial year, down from 28.83 million the previous year due to the chip shortage.
Rivian stock hit new low after Ford unloaded 8 million shares of EV start-up
A stock lockup period for company insiders and early investors such as Ford expired Sunday.
A $3.5 billion bet on bitcoin becoming a 'reserve currency' for crypto is being put to the test
South Korean entrepreneur Do Kwon is betting billions on the idea of bitcoin becoming the "reserve currency" of the crypto economy.
Tech giants lost more than $1 trillion in value in the last three trading days
The biggest names of the technology industry are becoming more affordable as investors take account of the latest U.S. central bank decision.
Meta's first store aims to lure consumers to the metaverse
The store is designed to expose consumers to Meta's products, which you really have to experience to understand, explains Martin Gilliard, Head of Meta Store.
Tech's latest IPOs are getting demolished, with Robinhood, Rivian, UiPath down over 70% from offer price
An ETF that tracks the most recent IPOs has lost almost 60% of its value since reaching a high in September.
Bitcoin drops more than 10% on Monday, dips below $31,000 just days after topping $40,000
Cryptocurrencies have extended their declines since Thursday amid a broader stock market decline.
Palantir closes down 21% on weak revenue guidance, earnings miss
Palantir said there is a "wide range of potential upside" to its guidance "including those driven by our role in responding to developing geopolitical events."
Carbon capture challenges are not deterring investor at Bill Gates' firm
Eric Toone is half the investing committee for Breakthrough Energy Ventures. He spoke with CNBC about the promise and challenges of carbon capture technology.
Bitcoin drops below $33,000 to hit its lowest level since July 2021 after stock sell-off
The cryptocurrency is now down more than 50% from its peak price of $68,990.90 in November 2021.
Cable companies to offer effectively free internet to low-income homes
The news means that tens of millions of households could receive high-speed internet at no cost, according to the White House.
Energy secretary explains why feds are spending $2.5 billion on carbon capture
U.S. Secretary of Energy Jennifer Granholm says it is important to grow clean energy production in the U.S. and also to spend on the carbon capture industry.
Tesla covers travel costs for out-of-state health care including, reportedly, abortions
Though a report from Tesla does not mention the word "abortion," the wording of the policy seems to include such a procedure.
Microsoft launches cybersecurity services to help clients fight off ransomware and other attacks
Microsoft is introducing services to help companies fend off cybersecurity threats at a time when the market faces a severe talent shortage.
U.S.-listed Chinese EV maker Nio proposes a secondary listing of its shares in Singapore
The move comes as Nio and dozens of other U.S.-listed Chinese companies face a possible delisting from American exchanges.
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