Mark Cuban, other investors, bet $250,000 on GRIND, a company that makes basketball shooting machines
The company was created by 26-year-old Thomas Fields, who also appeared on the game show Shark Tank.
CNBC Technology
Payment tech company Marqeta files for IPO as value tops $16 billion on private markets
Marqeta, whose payment technology is used by DoorDash and Instacart, plans to go public on over $100 million in quarterly revenue.
Facebook races to remove anti-vaccine profile picture frames
A spokesperson said Facebook is working to remove variations of anti-vaccine messages from its frame options, which appear on top of users' profile pictures.
Former CBS CEO Les Moonves drops legal pursuit to get $120 million in severance pay
Former CBS CEO Les Moonves has dropped his legal pursuit of $120 million in severance pay after he left the company in 2018 amid sexual misconduct allegations.
GoodRx co-CEO touts recent acquisitions, says its business is 'rock solid' and only getting better
"We're transitioning from the Covid crisis into the other health-care crisis" of affordability, GoodRx co-CEO Doug Hirsch told CNBC.
Colonial Pipeline cyberattack is no cause for panic – here's why
The Colonial Pipeline hack was not the first of a series of sudden attacks on America's critical infrastructure, according to cyber experts.
Dogecoin rallies on Elon Musk tweet, anticipated Coinbase listing
Dogecoin's price soared as high as 56 cents early Friday, according to Coin Metrics data.
Google leads court filing supporting tens of thousands of U.S. visa-holders' ability to work
Tech companies that signed onto the brief include Adobe, Amazon, Apple, Electronic Arts, eBay, IBM, Intel, Microsoft, PayPal, Reddit, StubHub and Twitter.
Irish health service shuts down IT systems after 'sophisticated' ransomware attack
The Irish Health Service Executive said there was a "significant ransomware attack" on its IT systems.
How Arizona became a hotbed for electric vehicles, microchips and self-driving tech
Arizona has rapidly become a hub for electric vehicle and self-driving tech, and it's now getting three big new microchip factories amid the global shortage.
Amazon is planning to hire 10,000 people in the U.K.
Amazon is planning to recruit 10,000 more permanent staff in the U.K., the company said Friday.
A Toshiba business unit says it has been attacked by hacking group DarkSide
A Toshiba Tec spokesperson told CNBC that the attack seems to have been carried out by cyber criminal group DarkSide.
Goldman Sachs banker quits after making millions on cryptocurrency
Aziz McMahon, a Goldman Sachs executive in London, quit the bank after making a fortune on cryptocurrency.
Chinese electric car company Xpeng predicts chip shortage will last another quarter
Xpeng's U.S.-listed shares fell nearly 4.9% in Thursday's trading session despite the start-up reporting greater-than-expected revenue in the first quarter.
Tesla's Model Y slumps in China sales rankings, data shows
Tesla's Model Y, which launched to customers in China in January, fell to sixth place in April, down from third, according to China's Passenger Car Association.
SoftBank's Masayoshi Son says he expects even more massive returns from his Vision Fund portfolio
"I want to create an ecosystem ... where we would have multiple companies going for IPOs," Son told CNBC.
Airbnb says first-quarter revenue rose 5% as vacationers return to travel
Airbnb's net loss tripled, but the company expects its adjusted margin to improve in the second half of the year as travel restrictions ease up.
Disney+ subscriber growth is slowing like Netflix's — with one worrisome difference
Disney's disappointing subscriber additions for Disney+ resemble Netflix's last quarter. But Disney charges far less, making its slowing growth more worrying.
Coinbase revenue tripled from last quarter as crypto prices skyrocketed
Coinbase revenue tripled from last quarter, as the price cryptocurrencies took off in 2021.
Colonial Pipeline paid $5 million ransom to hackers
Ransomware attacks involve malware that encrypts files on a device or network that results in the system becoming inoperable.
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.
Subscribe to CNBC Technology feed
#channel