Coinbase estimates Q1 revenue jumped nine-fold to about $1.8 billion ahead of public market debut
Coinbase updated investors with first quarter financials as the company prepares for its direct listing on the Nasdaq next week.
CNBC Technology
Jeff Bezos says he supports a hike to corporate tax rate
Last week, President Joe Biden unveiled a sweeping $2 trillion infrastructure plan, which he hopes to fund by raising the corporate tax rate to 28%.
Another prominent Google scientist is leaving the company amid fallout from fired AI researcher
It's the highest ranking team member to resign after AI researcher Timnit Gebru's was fired.
Why the Amazon union vote is taking so long and what could come next
Vote counting in the Amazon union drive in Alabama began last week, but it's likely to be only the beginning of a protracted election process.
Food delivery stocks are slipping in Europe — here's why
Just Eat Takeaway, Ocado, Delivery Hero and HelloFresh all saw their share prices fall on European stock markets on Tuesday.
SoftBank invests $2.8 billion in Norwegian robotics firm AutoStore
Japanese tech conglomerate SoftBank has acquired 40% of Norwegian warehouse automation firm AutoStore for $2.8 billion.
Fintech start-up Stripe enters the Middle East with UAE launch
Online payments company Stripe opens its first Middle East office in Dubai, in the United Arab Emirates.
Cryptocurrency market value tops $2 trillion for the first time as ethereum hits record high
In just over two months, the market capitalization of the cryptocurrency market has doubled, as retail and institutional investors pile into the space.
Labor board finds Amazon illegally fired activist workers
The NLRB reportedly said Amazon illegally retaliated against two former employees who were outspoken critics when it fired them last April.
Tesla shares jump as much as 7% after first-quarter sales surge
Tesla first quarter was record-beating, topping the 180,570 deliveries the company recorded in the fourth quarter of last year.
Facebook, Alphabet and Microsoft shares soar to all-time highs
Shares of Facebook, Alphabet and Microsoft each hit all-time highs Monday as investors rotated away from cyclical stocks and poured back into growth.
Justice Thomas suggests regulating tech platforms like utilities
Justice Clarence Thomas' concurrence signals he would be open to arguments that could require a fundamental change to how tech platforms function.
Waymo CEO departure comes after tenure filled with milestones, hurdles and hype
The CEO oversaw the reality of the hype as the company has struggled to scale.
Supreme Court rules in Google's favor in copyright dispute with Oracle over Android software
Oracle had claimed to be owed as much as $9 billion, while Google claimed that its use of the code was covered under the doctrine of fair use.
Tim Cook drops some hints on Apple's car plans, shares what he thinks of Elon Musk and Tesla
Apple has long been expected to get into the auto business with its own vehicle.
Amazon apologizes for tweet dismissing lawmaker's claim that workers urinate in bottles
The apology came after a Democratic lawmaker last month condemned Amazon's working conditions and union-busting efforts.
Google is accelerating partial reopening of offices and putting limits on future of remote work
Google is taking a more restrictive post-pandemic work approach than other tech companies such as Facebook and Twitter.
Tesla delivered 184,800 vehicles in the first quarter of 2021, Model S and X production dropped to zero
In total, Tesla delivered 184,800 vehicles and produced 180,338 cars.
Waymo CEO John Krafcik steps aside as co-CEO’s take over
John Krafcik has decided it's time for someone else to run Alphabet's subsidiary developing autonomous-drive technology.
CEO of largest U.S. chip foundry explains why semiconductor shortage could last through 2022
Currently, all of GlobalFoundries' manufacturing capacity is booked — and it expects semiconductor supply to lag behind demand until 2022 or later.
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