Airbnb CEO Brian Chesky. John van Hasselt | Corbis | Getty Images A short-term rental vacation host has filed a proposed class action lawsuit against Airbnb, alleging that the tech company violated its contract with hosts when the company offered full refunds to guests in the wake of the coronavirus pandemic in March. The lawsuit
Technology
ESPN is going through another round of layoffs. CNBC obtained a memo to staffers where ESPN chairman Jimmy Pitaro confirmed roughly 300 layoffs as its parent company, Disney, shifts to more direct-to-consumer streaming, and following internal discussions about layoffs related to Covid-19. ESPN will also part ways with some on-air talent once contracts expire. “As
Amazon CEO Jeff Bezos Alex Wong | Getty Images Amazon CEO Jeff Bezos this week has sold more than $3 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Bezos has accelerated his stock sales in the last year. In August, Bezos offloaded more than
CNBC; Getty Images AT&T is in discussions with private-equity firms, including Apollo Management, to sell a significant minority stake in its DirecTV, AT&T Now and U-Verse pay-TV businesses in a complicated transaction that would shift legacy assets off the wireless carrier’s balance sheet, according to people familiar with the matter. Under the terms of the
Tesla CEO Elon Musk talks to media as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images On Tuesday, Tesla CEO Elon Musk tweeted that his electric car company had been about a month
A visual representation of the digital cryptocurrency bitcoin. Yu Chun Christopher Wong | S3studio | Getty Images Nearly $1 billion worth of bitcoin with potential ties to the Silk Road online black market is on the move, according to London-based blockchain analysis firm Elliptic. Silk Road was closed down by U.S. federal authorities in 2013, while
Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images LONDON – The U.K. government is considering using software from U.S. data analytics firm Palantir for coronavirus contact tracing in England, according to reports from Bloomberg
A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, May 13, 2020. Mike Blake | Reuters Shares of Uber and Lyft were up big in premarket trading after early voting projections suggest that Californians have decided both companies should be exempt from a labor
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in Tokyo, Japan, on Wednesday, July 3, 2019. Akio | Bloomberg | Getty Images California voters decided Tuesday that Uber and Lyft should be exempt from state labor law that aimed to make its drivers employees rather than contractors, according to projections
Facebook CEO Mark Zuckerberg in 2017. KENZO TRIBOUILLARD Shares of the major tech-related companies jumped early Wednesday as investors flocked toward Microsoft and the FAANG family, comprised of Facebook, Apple, Amazon, Netflix and Google parent company Alphabet, while the U.S. waited for a clear presidential winner. Facebook stock was the biggest winner of the morning,
Johanna Geron | Reuters A number of elections-related ads were still listed as “active” in Facebook’s political ads library Wednesday morning, after the company’s post-election ban on political ads went into effect. The company said this can be because it can take up to 24 hours to reflect changes in the library, even if the
Billionaire media mogul Barry Diller told CNBC on Wednesday he “hoped for a repudiation” of President Donald Trump but “that has not happened.” Diller also said he doesn’t think the outcome of the undecided presidential election will have “any effect on business.” If anything, “government’s going to be divided. That’s probably good for business,” Diller,
The Space Development Steering Committee calls on NASA to radically rethink its program to land on the moon by 2024, its Artemis program, rebuilding that lunar mission around SpaceX’s vehicle-in-development, the Starship. In fact, the Space Development Steering Committee calls on NASA to reconceive all of its programs with the Starship in mind. Why? The SpaceX Starship
This week, we’re witnessing a remarkable event. In Boca Chica, TX, SpaceX is successfully conducting its first hop of its Starship. The Starship will be the top half of a rocket designed to transport 100 passengers to the Moon and Mars. Yes, 100 passengers. And that 100-passenger capacity will make NASA and the space plans demanded
SAN FRANCISCO (Reuters) – A newly discovered spyware effort attacked users through 32 million downloads of extensions to Google’s market-leading Chrome web browser, researchers at Awake Security told Reuters, highlighting the tech industry’s failure to protect browsers as they are used more for email, payroll and other sensitive functions. FILE PHOTO: The logo of Google
FILE PHOTO: A 3D printed Zoom logo is placed between small toy people figures and a keyboard in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration (Reuters) – Zoom Video Communications Inc is planning to offer all its free and paying users end-to-end encryption for video calls, the video conferencing provider said on Wednesday. Reporting