CNBC - Technology

Palantir opens at $10 a share after its direct listing on the NYSE

Wed, 30 Sep 2020 19:18:32 GMT

Palantir held its public market debut on Wednesday, 17 years after its founding, in a highly anticipated direct listing.

Here's everything Google just announced

Wed, 30 Sep 2020 18:47:40 GMT

Google announced a handful of new gadgets ahead of the holiday shopping season, including a new Pixel phone, Chromecast

Citigroup's Ray McGuire turns to tech exec Charles Phillips as advisor for likely NYC mayoral ...

Wed, 30 Sep 2020 17:01:33 GMT

Citigroup executive Ray McGuire is turning to former Infor CEO Charles Phillips as an advisor for what appears to be a likely run for mayor of New York.

Facebook takes its first step toward Zuckerberg's 'privacy-focused' internet

Wed, 30 Sep 2020 16:04:20 GMT

Facebook announced Wednesday it's integrating its Messenger chat with Instagram direct messages, pushing it toward its goal of a unified messaging system.

Facebook's billions are backing two tech direct listings on Wednesday: Palantir and Asana

Wed, 30 Sep 2020 12:47:52 GMT

Palantir and Asana were co-founded and financed by billionaires who made fortunes from their early involvement in Facebook.

Baidu's voice assistant and smart device business is valued at $2.9 billion after cash injection

Wed, 30 Sep 2020 06:52:40 GMT

Baidu's voice assistant and smart devices division is seen as key to its long-term growth as it faces stiff competition in its core business.

Alibaba expects cloud business to turn profitable for the first time within the next few months

Wed, 30 Sep 2020 03:13:45 GMT

Alibaba CEO Daniel Zhang called cloud computing a "growth engine" but said the world is in a "nascent stage of the global cloud era."

Apple CEO Tim Cook receives first major stock grant since 2011, could earn more than 1 million ...

Wed, 30 Sep 2020 00:28:16 GMT

The stock grant suggests that Cook's performance over the past decade is viewed highly by Apple's board, which wants to make sure that he will be paid competitively through 2025 if he continues to be the CEO of Apple.

Disney to lay off 28,000 employees as coronavirus slams its theme park business

Tue, 29 Sep 2020 22:37:43 GMT

Prolonged closures of Disney's California theme parks and limited attendance at its open parks have led the company to lay off 28,000 employees across its parks, experiences and consumer products segment.

Palantir reference price for direct listing comes in at $7.25 a share, NYSE says

Tue, 29 Sep 2020 21:50:30 GMT

Palantir is scheduled to debut on the New York Stock Exchange on Wednesday in a direct listing of its shares.

UnitedHealth has acquired DivvyDose, a competitor to Amazon's PillPack

Tue, 29 Sep 2020 20:34:01 GMT

A person familiar said the deal has now closed.

Ad exec Martin Sorrell says Facebook and Google shouldn't be broken up, calls boycotts pointless

Tue, 29 Sep 2020 19:19:09 GMT

Famed advertising executive Martin Sorrell told CNBC that Google and Facebook have been exercising more responsibility and shouldn't be broken up by regulators.

Amazon downplayed rising injury rates at its warehouses, investigation finds

Tue, 29 Sep 2020 18:35:12 GMT

Amazon's injury rates were higher at warehouses with heavy automation, despite the company's claims that such technology would improve safety, Reveal found.

Biden campaign slams Facebook for 'regression' in its efforts to safeguard the election

Tue, 29 Sep 2020 17:30:00 GMT

Biden's campaign manager accused Facebook of failing to act on its commitments to prohibit messages misrepresenting who can vote and how.

VMware CEO Pat Gelsinger says a Dell spinoff could give him freedom to work with more manufacturers

Tue, 29 Sep 2020 16:19:09 GMT

Two months after Dell confirmed it was considering a spinoff, VMware's Pat Gelsinger weighs in on why that move could be beneficial.

Google's $310 million sexual harassment settlement aims to set new industry standards

Tue, 29 Sep 2020 15:58:14 GMT

The company's settlement terms show gaps in the company's structure when it came to sexual harassment and retaliation.

Google's smaller rivals say it's not playing fair after record EU antitrust fine

Tue, 29 Sep 2020 15:15:02 GMT

Google's latest Android "choice screen" auction results show Microsoft's Bing was the main winner across most major European markets.

How Amazon managed the coronavirus crisis and came out stronger

Tue, 29 Sep 2020 15:00:02 GMT

Amazon reported record profits during the pandemic, but it didn't get there without navigating a slew of challenges.

Disney+ now lets you watch movies with friends no matter where you are

Tue, 29 Sep 2020 14:27:08 GMT

The "GroupWatch" feature allows a user to invite up to six other subscribers to watch together. Each user has the ability to pause, play, rewind or fast forward for the whole group, keeping everyone connected.

Amazon unveils a way to pay with just your hand in stores

Tue, 29 Sep 2020 13:39:47 GMT

The palm-scanning technology, called Amazon One, connects shoppers' palm to a credit card to let them pay without waiting in line.