Bobby Kotick, chief executive officer of Activision Blizzard, attends the Allen & Company Sun Valley Conference on July 10, 2019, in Sun Valley, Idaho. Drew Angerer | Getty Images Microsoft first reached out to game publisher Activision Blizzard about a possible tie-up the same week a media report landed asserting that Activision CEO Bobby Kotick
Technology
In this article ROKU People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Roku shares dropped as much as 25% on Friday after the streaming company reported fourth-quarter revenue
In this article ROKU Anthony Wood David Orrell | CNBC Roku shares fell as much as 12% in extended trading on Thursday after the video-streaming company issued fourth-quarter revenue and first-quarter revenue guidance that came in below consensus. Here’s how the company did: Earnings: 17 cents per share, adjusted, vs. 9 cents per share as
In this article TSLA Elon Musk, chief executive officer of Tesla Inc., waves while departing court during the SolarCity trial in Wilmington, Delaware, U.S., on Tuesday, July 13, 2021. Al Drago | Bloomberg | Getty Images Tesla CEO Elon Musk accused the Securities and Exchange Commission of harassment in a calculated effort to “chill” his
Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei. Tyrone Siu | Reuters Nvidia reported fourth-quarter earnings and sales on Wednesday that beat analyst expectations and provided a strong outlook for the current quarter. The stock fell over 1% in extended trading. Here’s how the chipmaker did
In this article MS RBLX NKE Nike is teaming up with roblox to launch a virtual world called Niketown. Source: Nike Roblox shares are down more than 24% after reporting earnings that missed expectations. The gaming company reported earnings on Tuesday after the bell that missed Wall Street estimates on the top and bottom line.
In this article ABNB Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017. Michael Nagle | Bloomberg | Getty Images Airbnb beat Wall Street estimates on earnings and revenue
In this article TSEM-IL INTC Patrick Gelsinger, chief executive officer of Intel Corp., speaks during a Bloomberg Studio 1.0 interview at the company’s headquarters in Santa Clara, California, Feb. 3, 2022. David Paul Morris | Bloomberg | Getty Images Intel agreed to buy Tower Semiconductor for $5.4 billion, the company announced Tuesday, as it seeks
Warren Buffett Gerald Miller | CNBC Warren Buffett’s Berkshire Hathaway purchased about $1 billion worth of shares in Activision Blizzard in the fourth quarter, according to a regulatory filing, jumping in before Microsoft agreed to buy the video-game publisher for $68.7 billion. Berkshire owns 14.66 million shares valued at $975 million as of the end
A CryptoPunk NFT on display at Sotheby’s on June 4, 2021 in New York City. Cindy Ord | Getty Images LONDON — Britain’s tax watchdog has seized three non-fungible tokens, in what is thought to be the first seizure of NFTs by a U.K. law enforcement agency. Officials at Her Majesty’s Revenue and Customs say
Volkan Furuncu | Anadolu Agency | Getty Images Investors looking to put money into U.S. and China internet giants should be cautious as these companies are facing a myriad of challenges, strategists told CNBC. Investment bank Macquarie said large consumer tech companies like Facebook and Amazon are in the “sunsetting” phase. “You have to be
In this article PTON John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Roughly two months after Peloton’s IPO, founder
A chip made by Taiwan Semiconductor Manufacturing Company TSMC Semiconductor stocks got whacked on Friday as investors digested hotter-than-expected inflation and increased tensions between Ukraine and Russia. Chipmakers had been boosted by increased demand during the pandemic and have generally reported strong earnings and outlooks in the past month. But investors are looking for less-risky
Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Splunk shares rose as much as 14% in extended trading on Friday after the Wall Street Journal reported that Cisco made an offer to buy the data analytics software company for over $20 billion. At the peak of its
In this article AMZN Photographer: Thorsten Wagner/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images A former Amazon employee was sentenced Friday to federal prison for his involvement in an international bribery scheme. Rohit Kadimisetty, who worked as a seller support employee out of Amazon’s Hyderabad, India, office until 2015, was ordered to spend
In this article IAG-GB AIR-FR Sustainable aviation fuel’s main challenge relates to volume rather than airlines’ desire to use it, and consumers will be willing to pay the extra costs associated with its uptake, the director general of the International Air Transport Association told CNBC Friday. “I think quantity is the main issue at the