Jason Kilar Getty Images On Thursday, AT&T‘s WarnerMedia announced it would release its entire 2021 slate of films directly on HBO Max at the same time they hit theaters. Investors and industry-watchers greeted it as earth-shattering news for the movie theater industry. AMC Entertainment fell 16% on the day. Cinemark fell 22%. WarnerMedia CEO Jason
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Josh Brolin and Timothée Chalamet in “Dune.” Source: Warner Bros. Pictures AT&T‘s Warner Bros. announced on Thursday that all of its films scheduled to launch in 2021 will be released on HBO Max at the same time they are available in theaters. It’s currently a one-year plan. AMC shares were down nearly 8% on the
Google employees at the tech giant’s headquarters in Mountain View, California, walk off the job to protest the company’s handling of sexual misconduct claims. Mason Trinca | Getty Images News | Getty Images The U.S. National Labor Relations Board has filed a complaint against Google and its parent company Alphabet, accusing the tech juggernaut of
Marc Benioff, founder, chairman and co-CEO of Salesforce, speaks at an Economic Club of Washington luncheon in Washington on October 18, 2019. Nicholas Kamm | AFP | Getty Images Salesforce’s market value topped Oracle’s earlier this year, another sign that primacy in software had swapped hands. That was months before Salesforce made its biggest acquisition
Elon Musk, CEO of Tesla, speaks to media representatives at the Tesla Gigafactory construction site In Grünheide near Berlin, September 3, 2020. Julian Stähle | picture alliance via Getty Images Tesla CEO Elon Musk sent an e-mail to employees on Tuesday warning them that they need to control their spending in order to continue squeaking
Airbnb plans to price at $44 to $50 per share in its IPO, giving it a valuation of up to $35 billion on a fully diluted basis, according to a new filing the company submitted to the SEC Tuesday. The company seeks to raise about $2.5 billion in the IPO. Existing investors seek to sell
Andy Jassy, chief executive officer of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco on April 19, 2017. David Paul Morris | Bloomberg | Getty Images Amazon’s cloud division on early Tuesday announced the availability of new virtual computing instances for software developers that run Apple’s MacOS
Ajit Pai Brad Quick | CNBC Federal Communications Commission Chairman Ajit Pai will step down from his post on January 20, the day President-elect Joe Biden is inaugurated, he announced Monday. The announcement means that the FCC could reach a Democratic majority sooner than it would otherwise be able to. Pai’s term was slated to
Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Zoom is poised to show another monster quarter when it reports results on Monday,
In 2018, Microsoft made one of its priciest acquisitions ever, spending $7.5 billion on code-sharing site GitHub. It wasn’t the cleanest fit. GitHub is used by over 50 million developers who tend to be outspoken, including when it comes to things they dislike about Microsoft. The deal continues to pose unexpected challenges, like a recent
Salesforce co-CEO Marc Benioff speaks at the grand opening of the Salesforce Tower in San Francisco in May 2018. David Paul Morris | Bloomberg | Getty Images The tech industry has seen some hefty deals announced during the 2020 pandemic, including several in the tens of billions of dollars. But not in software. That could
Eero Pro 6 Eero I set up Amazon‘s $449 Eero Pro 6 mesh Wi-Fi system a few days ago and have already noticed a huge improvement in my Wi-Fi at home. You might want to try mesh networking if you know you pay for fast internet but feel like your home Wi-Fi is slow or
Google’s “resilience” lead Lauren Whitt installed a series of tutorials and video content for Google employees experiencing burnout while working through the pandemic. Google Throughout the coronavirus pandemic, Google has emphasized employee health, establishing long-term remote work plans and offering periodic days off called “reset” days. Even that hasn’t been enough to deal with the
An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters Black Friday is set to kick a holiday season unlike no other into high gear. The pressure is on for Amazon
Alphabet‘s self-driving car company Waymo is asking drivers to agree to stricter Covid-19 safety protocols, adding that it may not be able to afford continuing to pay employees in the future, especially if it has to shut down services again. Leadership from Waymo and its contractor, transportation company Transdev, sent drivers and support staff an
Elon Musk, chairman and chief executive officer of Tesla Motors David Paul Morris | Bloomberg | Getty Images Tesla is recalling more than 9,500 of its Model X and Model Y electric vehicles over potentially faulty roof trim and bolts that could be inadequately tightened. The company’s stock traded about 1% lower in the premarket