Darktrace shares soar 43% in London IPO as investors shrug off Deliveroo flop
Darktrace priced its shares at 250p Friday morning, valuing the cybersecurity firm at £1.7 billion ($2.4 billion).
CNBC Technology
Sony launches PlayStation 5 console in China ahead of Microsoft's Xbox
The disc version of Sony's PlayStation 5 (PS5) will retail at 3,899 yuan ($602) while the digital-only model is priced at 3,099 yuan.
Chinese electric automaker Nio says chip shortage will slow car deliveries
The start-up forecast second-quarter deliveries of between 21,000 and 22,000 vehicles, for growth of 5% to 10% from the first three months of the year.
Palantir CEO Alex Karp earned cash and stock worth $1.1 billion last year
A month before Palantir went public last year, CEO Alex Karp was granted stock and option awards that vest quarterly through August 2032.
Uber, Lyft, DoorDash stocks close down after U.S. Labor secretary says gig workers should be classified as employees
Shares of Lyft, Uber and DoorDash dipped Thursday after Secretary of Labor Marty Walsh told Reuters that gig workers should be classified as company employees.
Facebook revenue rises 48%, driven by higher-priced ads
Facebook beat on both earnings and revenue in Q1, and the stock is up about 5% after hours.
Twitter stock plunges on user miss and low guidance
Earnings and revenue came in slightly ahead of expectations, but users and Q2 guidance were low.
Amazon's ads business is generating nearly $7 billion a quarter, and growth is accelerating
Amazon's 'Other' business generated more than $6.9 billion in Q1 and is growing at a rate of 77%.
Amazon's sales surge 44% as it smashes earnings expectations
Amazon on Thursday released first-quarter results that trounced analysts' expectations.
Amazon's cloud division reports 32% revenue growth
Revenue growth from the market-leading Amazon cloud accelerated, and its operating margin widened.
Comcast beats earnings expectations, reports Peacock sign-ups grow to 42 million
Peacock sign-ups grew by 9 million during the quarter.
EBay drops more than 10% after giving light earnings guidance
Shares of eBay slumped more than 10% on Thursday morning after the company reported an earnings outlook that fell short of Wall Street's estimates.
Microsoft will match Epic and share more money with video game makers
Microsoft said Thursday it will raise the percentage of revenue that developers receive from sales of video games through its app store.
Digital currency ether hits a record high, stealing bitcoin's limelight
Ether, the world's second-largest digital currency, surged to a fresh record price of $2,800 Thursday morning.
Apple is in the middle of a supercycle for everything it sells, and the Mac and iPad are on a tear
Apple showed massive growth in Mac and iPad sales in its latest quarterly earnings report on Wednesday.
WarnerMedia plans to charge $9.99 per month for ad-supported HBO Max
HBO Max will charge $9.99 per month for its ad-supported HBO Max product, which is set to launch in June, sources say.
TravelPerk raises $160 million as investors bet business travel will rebound this year
Travel management start-up TravelPerk announced it has raised $160 million in a funding round led by Greyhound Capital.
Virtual reality investments are a long-term play for businesses targeting Gen Z, says South Korea's Zepeto
Businesses looking to capture the next generation of customers are doing so through virtual reality headsets, according to the chief strategy officer of South Korean avatar app Zepeto.
Chip shortages for iPads and Macs may cool Apple's hot streak
It turns out Apple is dealing with the same microchip shortage that has snarled companies and industries around the world.
Samsung family announces plans to pay off more than $10 billion of inheritance tax
The family of late Samsung Group Chairman Lee Kun-hee said Wednesday they will be paying off their massive $10 billion inheritance tax bill over five years.
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