Co-founder and CEO of Airbnb Brian Chesky speaks during an interview in Langa township, Cape Town, South Africa March 17, 2017. Mike Hutchings | Reuters Airbnb’s stock was up as much as 16% on Friday following a number of analyst reports highlighting that the company is well positioned to capitalize on the expected recovery in
Technology
Coinbase CEO Brian Armstrong Getty Images Coinbase may be targeting an astronomical valuation when it goes public in the coming weeks, but it’s yet to give investors an indication of what kind of prices people are willing to pay in the private market. Instead of going public through an IPO, Coinbase is following companies like
Andrew Bosworth AKA Boz, an advertising expert for Facebook, gives a talk at the Online Marketing Rockstars marketing trade show in Hamburg, Germany, 03 March 2017. Photo: Christian Charisius/dpa | usage worldwide (Photo by Christian Charisius/picture alliance via Getty Images) Christian Charisius | picture alliance | Getty Images Facebook’s head of hardware on Thursday confirmed
Coinbase co-founder and CEO Brian Armstrong speaking at TechCrunch Disrupt SF 2018. Steve Jennings | Getty Images for TechCrunch Cryptocurrency exchange Coinbase on Thursday filed to become a public company and revealed that its revenue more than doubled last year. According to the filing, Coinbase had net revenue of $1.14 billion in 2020, up from
President Joe Biden signed an executive order Wednesday meant to address a global chip shortage impacting industries ranging from medical supplies to electric vehicles. The order includes a 100-day review of key products including semiconductors and advanced batteries used in electric vehicles, followed by a broader, long-term review of six sectors of the economy. The
Facebook Chairman and CEO Mark Zuckerberg. Erin Scott | Reuters Australia’s antitrust chief on Wednesday claimed a victory over Facebook in a digital news battle that has captivated the world over the last week. Facebook blocked news pages last Wednesday after the Australian government said it was going to introduce a new law that would
Jack Dorsey, chief executive officer of Twitter Inc. and Square Inc., speaks during an Empowering Entrepreneurs events at Ryerson University in Toronto, Ontario, Canada, on Tuesday, April 2, 2019. Cole Burston | Bloomberg | Getty Images Square bought $170 million worth of Bitcoin, the company revealed in its fiscal fourth quarter financial report on Tuesday.
Tesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future. Artur Widak | NurPhoto | Getty Images Tesla’s share price is now directly linked to the price of bitcoin after Elon Musk’s company invested $1.5 billion
Tesla CEO Elon Musk speaks at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020. Ding Ting | Xinhua News Agency | Getty Images Shares of Tesla closed down 8.55% on Monday, as investors betting on a pandemic comeback rotated out Big Tech and piled into cyclical stocks. It’s
Tesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future. Artur Widak | NurPhoto | Getty Images Tesla has made roughly $1 billion in paper profits from its investment into bitcoin, according to Daniel Ives, analyst
The Google campus in Mountain View includes over 20 dining options that encourage a communal experience with group tables. Brooks Kraft LLC | Corbis | Getty Images In 2017, Lauren Clayton joined the inaugural class of Howard West, Google‘s on-campus immersion program for Black college students. She became a star scholar whose big smile would
A United Parcel Service Inc. (UPS) driver delivers boxes in New York, U.S., on Tuesday, Oct. 13, 2020. Bloomberg | Bloomberg | Getty Images U.S. e-commerce sales in 2020 grew more than 30% from 2019, according to quarterly figures released by the U.S. Department of Commerce on Friday, as the coronavirus pandemic and nationwide lockdowns
Tim Cook (left) and Steve Jobs in 2010. Kimberly White | Getty Images In 2007, Apple unveiled the iPhone. Apple didn’t invent the smartphone — companies like Palm and Blackberry had been selling them for years. But the iPhone introduced a totally new way to interact with computers. The always-on internet connectivity, finger-friendly touch screen, and
Australia Prime Minister Scott Morrison. David Mariuz | Pool | Getty Images Facebook users in Australia are slowly coming to terms with the fact that they’ll no longer be able to get their daily news updates on the platform. In a snap decision announced Wednesday, the social media giant said it was no longer going
New York Giants wide receiver Sterling Shepard (87) catches a pass in front of Pittsburgh Steelers strong safety Terrell Edmunds (34) and linebacker Devin Bush (55) during the first half at MetLife Stadium. Vincent Carchietta | USA TODAY Sports The National Football League wants to charge its current network partners double what they’ve been paying
A driver uses the Uber app to drop off a passenger in London. Chris J. Ratcliffe | Bloomberg via Getty Images LONDON — Uber lost a crucial legal fight in the U.K. on Friday, as the country’s Supreme Court upheld a ruling that its drivers should be classified as workers rather than independent contractors. The