IAC considers Vimeo spinoff after achieving $2.75 billion valuation
IAC also reported its third quarter results after the bell Thursday, telling investors that Vimeo grew overall revenue 44% year over year.
CNBC Technology
The Trade Desk soars more than 27% as streaming TV ads rebound
The Trade Desk stock hit a new 52-week high Friday after reporting third quarter earnings.
Roku stock rises more than 12% after earnings beat and analysts raise price targets
The company continued to benefit from cord-cutting trends and stay-at-home orders.
Why Palantir co-founder Joe Lonsdale is leaving Silicon Valley
Joe Lonsdale is moving his venture firm's headquarters from San Francisco to Austin, Texas, just months after Palantir left Silicon Valley for Denver.
Fortnite is reportedly coming back to iPhones as part of Nvidia's cloud gaming service
Nvidia is looking to bring its GeForce Now cloud gaming service to Apple's Safari mobile web browser, according to the BBC.
Apple starts preorders for its next crop of new iPhones, HomePod smart speaker
Apple split the launches of the iPhone 12/iPhone 12 Pro and iPhone 12 Pro Max/iPhone 12 Mini between October and November.
Twitter and Facebook race to label a slew of posts making false election claims before all votes counted
Twitter and Facebook are working to keep posts from President Donald Trump and others updated with clarifying labels about misleading and premature claims.
Trump critic Barry Diller feels humbled by election, says will of voters must be respected
Media mogul Barry Diller told CNBC he "hoped for a repudiation" of Trump but "that has not happened."
Solar stocks drop as election results dim prospects for climate policies like Green New Deal
Shares of alternative energy companies, which have outperformed the broader market of late, slumped on Wednesday as Democratic prospects in Congress faded.
Users can now send money through WhatsApp in India's massive digital payments market
Chinese driverless car firm Pony.ai valued at $5.3 billion after new cash injection
A fund run by the Ontario Teachers' Pension Plan Board led the $267 million investment into Pony.ai which also included existing investors.
Alibaba cloud growth outpaces Amazon and Microsoft as Chinese tech giant pushes for profitability
Alibaba reported cloud computing brought in revenue of 14.89 billion yuan in the three months ended September 30, a 60% year-on-year rise.
Airbnb hit with proposed class-action lawsuit from host missing payments
The lawsuit alleges that Airbnb violated its contract with hosts when the company offered full refunds to guests in the wake of the coronavirus pandemic.
Peloton shares fall despite earnings beat as bike maker warns of ongoing supply constraints
Peloton raised its financial outlook for fiscal 2021, now expecting to report $3.9 billion or more in total revenue.
Uber reports 18% revenue decline but says ride-hailing business is picking back up
Uber missed expectations on revenue and lost $1.09 billion during the quarter.
Zillow shares jump after online real estate company blows past estimates and provides optimistic forecast
Zillow continues to benefit from the movement towards remote work and low interest rates.
DOJ seeks to block Visa's $5.3 billion acquisition of start-up Plaid over antitrust concerns
The Department of Justice filed an antitrust lawsuit to block Visa's planned acquisition of fintech start-up Plaid.
Qualcomm stock closes up more than 12% after earnings beat
Qualcomm has said it will benefit from the rise of 5G networks and handsets.
DoorDash and Instacart face brighter IPO prospects after ballot victory in California
The food delivery companies contributed a combined $75 million to help pass Proposition 22 in California and keep their business intact.
Bitcoin surges past $15,000, hitting its highest level since January 2018
The world's best-known cryptocurrency has been on a tear in 2020, more than doubling in value year-to-date.
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.
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