Amazon shares slide after earnings disappoint
Investors acknowledged the slower growth could put Amazon's stock under pressure in the near term, but said they remain positive about the e-commerce market.
CNBC Technology
Amazon delivery companies routinely tell drivers to bypass safety inspections
Amazon urges drivers not to "operate any unsafe vehicles" but drivers say managers encourage them to ignore safety hazards during daily inspections.
Pinterest shares close down more than 18% after company reveals decline in users
Shares of Pinterest closed down 18.24% after the company's second-quarter results, published Thursday, revealed a decline in monthly active users.
Google founders have sold $1 billion in stock since May, the most since 2017
Larry Page and Sergey Brin last sold shares in 2017, when their last plan expired. Since then, the stock price has nearly tripled.
Tesla Megapack caught fire at Victorian Big Battery site in Australia
Neoen said a Tesla Megapack caught fire at their Victorian Big Battery site in Australia.
SoftBank-backed Gopuff snags another mega investment, boosting valuation to $15 billion
Delivery start-up Gopuff has raised new financing that values the company at $15 billion — nearly quadruple its valuation less than a year ago.
Big Tech dodged impact of Apple’s privacy changes in ‘red hot’ digital ad market... for now
Earnings showed big tech companies shrugged off any impact so far from Apple's privacy changes, especially as digital ad spend is surging. Q3 may be different.
Amazon hit with $887 million fine by European privacy watchdog
The fine, disclosed by Amazon on Friday in a securities filing, was issued two weeks ago by Luxembourg's privacy regulator.
Consortium prepares bid to buy the UK’s biggest chip plant back off Chinese-owned Nexperia
A consortium is raising money to fund a potential bid for Newport Wafer Fab, according to a person familiar with the situation.
Elon Musk's brain computer start-up raises $205 million from Google Ventures and others
Neuralink has raised $205 million from investors including Google Ventures, Peter Thiel's Founders Fund, and OpenAI CEO Sam Altman.
'League of Legends' maker Riot Games to 'double down' in China as gaming growth continues
The U.S.-headquartered game maker announced a new studio in Shanghai on Friday with a focus on developing new games for a global audience.
Microsoft is in talks to invest in Indian budget hotel start-up Oyo
The news was first reported by TechCrunch, which said the proposed deal may involve Oyo shifting to use Microsoft's cloud services.
Amazon cloud revenue growth accelerates to 37% in Q2
Amazon Web Services again accelerated revenue growth, even as it continues to lead the public-cloud infrastructure business.
Tesla owners could get $625 each in class action settlement over battery throttling
Tesla agreed to pay $1.5 million to settle claims that its over-the-air software update limited battery voltage, therefore range, in some Model S sedans.
Didi denies it considered to go private after earlier report sends the stock soaring
Chinese regulators have been scrutinizing Didi for cybersecurity and antitrust matters, according to reports.
Robinhood falls in its public market debut, closes more than 8% lower at $34.82 per share
Trading for the first time under the ticker HOOD, the online brokerage hit the public markets it seeks to democratize for amateur investors.
PayPal comes in light on revenue, profit drops from last year
PayPal shares fell as much as 8% in extended trading on Wednesday after reporting second-quarter earnings that were weaker than analysts had expected.
Pinterest lost users in the second quarter, and the stock is plunging
Pinterest shares plunged after the company reported its second-quarter results, which showed a decline in monthly users.
Amazon posts third $100 billion quarter in a row, but still misses expectations
Amazon reported earnings after the bell. Here are the results.
Amazon’s ads business posts 87% growth
Amazon's chief financial officer Brian Olsavsky cited new products and functionality for factors like higher demand and higher bid rates.
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