Synthetic biology company Zymergen plunges 68% after saying product revenue will be 'immaterial' in 2022, removing CEO
Three months after its IPO, Zymergen is warning investors that revenue is much further out than expected.
CNBC Technology
Amazon plans to cut waste following backlash over the destruction of unused products
Amazon has launched two programs as part of an effort to give products a second life when they get returned to businesses that sell items on its platform.
Why Nvidia’s $40 billion bid for Arm could be in jeopardy
Nvidia's $40 billion bid to buy U.K.-based chip designer Arm from Japan's SoftBank has started to look increasingly uncertain.
An electric jet start-up just signed a $1 billion deal with a commercial airliner
Lilium, a German start-up making electric jets that can take off and land vertically, has announced plans to sell 220 aircraft to Brazilian airliner Azul.
Bolt valued at $4.75 billion as Uber rival aims to push into on-demand grocery delivery
Estonian ride-hailing start-up Bolt has raised $713 million in fresh funding to push into the rapidly growing online grocery delivery industry.
Robinhood surges more than 24%, blows past $38 IPO price
Robinhood went public last Thursday on the Nasdaq under ticker HOOD.
A 'roaring era' for concerts and live events is coming, says Live Nation CEO
Live Nation's Ticketmaster just had one of its best months ever in North America, a sign that audiences are ready to venture outside the home.
Microsoft will require vaccinations for U.S. workers, vendors and office visitors
Microsoft isn't the first to insist employees receive Covid vaccines before coming back to its facilities. Facebook and Google have also done so.
Lyft revenue grows 125% from last year
The company also beat analyst expectations when it came to active riders.
FTC struggles to keep up with merger filings, tells some businesses to merge at own risk
The FTC preliminarily reported that it's seen more than 1,700 pre-merger filings in the first half of the year.
Square's Afterpay acquisition proves Jamie Dimon is right to fear 'increasingly smaller role' of Wall Street
Square's Afterpay deal again highlights Wall Street's 'increasingly smaller role' in finance, as payments and fintech companies attract younger consumers.
Blizzard president is leaving amid harassment lawsuit against the company
Blizzard's president, J. Allen Brack, is stepping down from the video game giant, the company announced in a statement Tuesday.
Tencent tanks 10% after Chinese media calls online gaming 'opium' as regulatory concerns mount
Shares of Tencent and NetEase plunged on Tuesday after Chinese state media branded online gaming "opium" and likened it to a drug.
Nasdaq-listed Chinese electric carmaker Li Auto to raise up to $1.93 billion from Hong Kong listing
Li Auto, which is listed on the Nasdaq, said it will offer 100 million class A ordinary shares to investors at a price of no more than 150 Hong Kong dollars.
Chinese e-commerce giant JD.com has gaming ambitions. This is its strategy
China's JD.com is investing in its gaming business from partnering with companies to inform their device development to expanding its own e-sports team.
Bill Gates and Melinda French Gates are officially divorced following 27-year marriage
Bill and Melinda French Gates were one of the most prominent couples in business. A push for divorce came after reports of Bill Gates' ties to Jeffrey Epstein.
Facebook to require all U.S. on-campus employees to wear masks
Facebook will begin requiring all of its employees to wear masks when on its campuses in the U.S., regardless of an employee's vaccination status.
Google will abandon Qualcomm and build its own smartphone processors this year
Google is ditching Qualcomm for its own Google Tensor chip that will power the Pixel 6 and Pixel 6 Pro phones this fall.
Amazon launches smart soap dispenser with timer to make sure you wash for 20 seconds
Amazon is now taking orders for a $54.99 smart soap dispenser that will be released on Aug. 4.
This 19-year-old earns $54,000 a year mining bitcoin as a full-time job — here's what it's like
Nick Sears became a bitcoin miner at age 17. He now sleeps at a mining farm in Washington state.
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