Steve Huffman CEO, Reddit, delivers remarks on ‘Redesigning Reddit’ during the third day of Web Summit in Altice Arena on November 08, 2017 in Lisbon, Portugal. Horacio Villalobos | Corbis | Getty Images Reddit CEO Steve Huffman will tell members of Congress on Thursday that no significant activity on the company’s online community WallStreetBets last
Technology
Amazon.com boxes are shown stacked near a Boeing 767 Amazon “Prime Air” cargo plane on display in a Boeing hangar in Seattle. Ted S. Warren | AP Amazon‘s aircraft fleet is on pace to have doubled in size between May 2020 and June of this year, laying further groundwork for Amazon Air to rival the
GEORGES GOBET | AFP | Getty Images Ford is investing $1 billion in an electric vehicle production facility in Cologne, Germany, with the European arm of the automotive giant committing to go “all-in” on electric vehicles in the years ahead. In plans announced Wednesday morning, Ford said its entire passenger vehicle range in Europe would
Saul Loeb | AFP | Getty Images Amazon CEO Jeff Bezos reclaimed his title as the world’s richest person after he leapfrogged Tesla CEO Elon Musk, according to real-time data from Forbes. Musk saw his net worth slide by $3.9 billion on Tuesday as Tesla shares closed at $796.22, down more than 2.4%. The 49-year-old
Acorn Computers co-founder Hermann Hauser. Getty LONDON — The European Innovation Council has encountered some early setbacks but is now headed in the right direction, according to a vice chair of the advisory board Hermann Hauser, who became a venture capitalist after helping to set up chip designer Arm. The EIC has been given 10
Russian President Vladimir Putin attends the Extended Boards of Interior Ministry on February 26, 2020 in Moscow, Russia. Mikhail Svetlov | Getty Images Russia hasn’t ruled out the idea of President Vladimir Putin talking to Tesla billionaire Elon Musk on social media app Clubhouse, according to multiple media reports. Kremlin spokesperson Dmitry Peskov on Monday
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images LONDON — Uber called on the European Union to introduce a framework for gig economy workers, floating a model similar to that adopted by California after a contentious fight over
Kansas City Chiefs’ Patrick Mahomes in action, Super Bowl, Raymond James Stadium, Tampa, Florida, February 7, 2021. Shannon Stapleton | Reuters To understand the big challenge facing American media, look at Super Bowl ratings over the past ten years. This year’s game got 96.4 million viewers, the lowest rating since 2007. There are all sorts
From left, the flags of the Hong Kong Stock Exchange, China and Hong Kong are seen flapping in the wind on May 6, 2019. Anthony Wallace | AFP | Getty Images Venture firm DCM just generated a $16 billion return from the IPO of Chinese social media app Kuaishou. The listing took place in Hong
CNBC recently got a tour of Lucid Motors’ new factory in Casa Grande, Arizona, where it will build its luxury electric sedan, the Air. The first phase of the facility was completed in November 2020, about a year from when construction broke ground. Lucid is currently building “release candidates” of the Air as it prepares
The front of Qualcomm office on November 1, 2017 in San Jose, California. Justin Sullivan | Getty Images News | Getty Images U.S. chipmaker Qualcomm has told regulators around the world that it is against Nvidia’s $40 billion acquisition of British chip designer Arm, according to sources familiar with the matter. The company has told
Amazon vans line up at a distribution center to pick up packages for delivery on Amazon Prime Day, July 16, 2019, in Orlando, Florida. Paul Hennessy | NurPhoto | Getty Images Last week, Amazon triggered privacy concerns when it confirmed it’s rolling out AI-enabled cameras in vans used by some of its contracted delivery partners.
The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images LONDON — The SPAC craze is starting to gain some momentum in Europe. After a banner year for so-called special purpose acquisition companies in the U.S., a growing number of blank-check firms are raising funds with the intention
Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney is set to report earnings for the first quarter of 2021 after the
The Adyen logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images LONDON — Adyen, the European fintech giant processing payments for the likes of Facebook, Netflix and Uber, isn’t convinced bitcoin can be used as a mainstream form of payment. Pieter van der Does, the firm’s CEO and co-founder,
A close up image of a CPU socket and motherboard laying on the table. Narumon Bowonkitwanchai | Moment | Getty Images A chip shortage that started as consumers stocked up on personal computers and other electronics during the Covid-19 pandemic now threatens to snarl car production around the world. On Tuesday, GM said that it