The logo of Japanese tech giant Rakuten logo seen at the Mobile World Congress 2019. Paco Freire| SOPA Images | LightRocket via Getty Images Shares of Japanese tech giant Rakuten jumped 20% on Monday, extending their gains after the company’s announcement that it plans to raise $2.2 billion in order to better compete with its
Technology
Brandi Susewitz founded Clear Office, a website that lists and sells high-end furniture leftover from office buildings. Brandi Susewitz When Oracle announced plans to move its corporate headquarters from Silicon Valley to Texas, it needed to clear out multiple floors of furniture sitting inside its office. Instead of putting it in a landfill, the company
Times Square in New York City. Angela Weiss | AFP | Getty Images This time last year, The Trade Desk CEO Jeff Green watched as advertisers started to pause every campaign they could. The ad tech executive said in the early days of the pandemic, digital advertising was at a disadvantage. It was easier for
Zoom In IconArrows pointing outwards 2021 is a crucial year for sports betting sites like DraftKings and FanDuel. Nineteen states will decide whether to legalize sports betting this year, either through voter referendum or state legislature statute. If every state votes yes, that would more than double the amount of states that have legalized —
Apple on Friday said that it is discontinuing the original HomePod smart speaker and will instead focus on the smaller, more affordable and newer HomePod mini. The original HomePod was launched in 2018 but never quite grabbed the mass market the way competing products like the Amazon Echo or Google Home smart speakers did. While
Microsoft President Brad Smith speaks (L) and Sundar Pichai of Google. Getty Images Microsoft and Google sparred over their practices and treatment of news outlets in a battle between antitrust targets of past and present. In his written testimony for a hearing before the House Judiciary subcommittee on antitrust Friday, Microsoft president Brad Smith said
Facebook CEO Mark Zuckerberg. Andrew Caballero-Reynolds | AFP | Getty Images For the past few weeks, Facebook has been running an ad campaign in defense of personalized advertisements, arguing that targeted ads are key to the success of small businesses. The catalyst for the campaign has been an ongoing battle between the social media company
Ready Player One Source: Warner Bros. Gaming company Roblox went public Wednesday and ended its first trading session with an eye-popping $38 billion market cap. It’s natural to wonder why a money-losing company that makes video games for an audience of mostly children and teens attracted such a lofty valuation. (Although its impressive growth throughout
David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on August 10, 2019 in Burlingame, California. Ian Tuttle | Getty Images Neil Rimer recalls having early conversations about what became Roblox when he was studying at Stanford in the 1980s. He was college buddies with David Baszucki, the gaming company’s founder
Netflix, Apple TV and Prime Video. egadolfo With more people in their living rooms streaming shows and movies during the Covid pandemic, the connected TV space has seen astronomical growth. And Google wants to lean into that growth with YouTube. YouTube’s chief product officer, Neal Mohan, will update advertisers on what the platform has seen
Bad Business on Roblox Bad Business Ethan Gawronski was about 10 years old when he discovered Roblox. He dove into its games, mostly to socialize with other kids. Now, at age 20, Gawronski has his own Roblox game that he works on full time with his girlfriend, Elle Deppe. The couple, who met on the
US President Joe Biden speaks during International Women’s Day in the East Room of the White House in Washington, DC on March 8, 2021. Mandel Ngan | AFP | Getty Images Nearly two months into his presidency, it’s finally becoming clear how Joe Biden plans to approach the tech sector. And it’s looking far different
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course’s graph on February 09, 2021 in Paris, France. Chesnot | Getty Images Bitcoin’s value surpassed $1 trillion on Tuesday as the price of the cryptocurrency jumped. The digital coin’s price rose on Tuesday and
The PayPal application can be seen on a mobile phone. Felix Kästle | picture alliance | Getty Images PayPal will acquire cryptocurrency security firm Curv as part of its push into digital tokens, the company announced Monday. The deal is worth less than $200 million, a person familiar with the matter told CNBC. It’s expected
The Covid-19 pandemic led to a boom in online learning that has increased the revenue of education technology company Coursera. Coursera Education tech company Coursera filed its IPO prospectus with the Securities and Exchange Commission on Friday, and plans to list on the New York Stock Exchange under the symbol “COUR.” The Mountain View, California-based
Experts agree that lowering our carbon emissions is no longer enough. In a 2018 report, the Intergovernmental Panel on Climate Change said that, if we are to limit global warming to 1.5 degrees Celsius and avoid the worst effects of climate change, we need to actually remove between 100 to 1,000 gigatons of carbon dioxide from