People walk by a T-Mobile store in San Francisco, California Justin Sullivan | Getty Images Earlier this summer, players of a T-Mobile Tuesdays giveaway contest took to Reddit to discuss a strange discovery: The company in certain weeks gave away tens, sometimes hundreds, of thousands of dollars in gift cards, prizes and cash to winners. In one
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Bob Iger, left, and Bob Chapek of Disney Charley Gallay | Getty Images; Patrick T. Fallon | Bloomberg | Getty Images There are Boomers, Millennials, Generation X, Y and Z. There should also be a name for “media company CEOs that took over in 2020.” I’ll call them: The Shepherds. That’s a lot of turnover
TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Dado Ruvic | Reuters President Donald Trump issued an executive order Friday that will force China’s ByteDance to sell or spin off its U.S. TikTok business within 90 days. “There is credible evidence that leads me to
Facebook’s CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Facebook on Friday took a shot at Apple, saying the company will only be able to pay small businesses a portion of sales from a new paid events feature as a
The app makers are revolting, and Apple is their target. On Thursday, Epic Games, the video game giant behind Fortnite, challenged Apple by adding a new payment option to the game that circumvents Apple’s 30% cut of sales it takes from developers through the App Store. But there was a twist: Epic apparently knew it would
General view of the main stage during the Fortnite World Cup Finals e-sports event at Arthur Ashe Stadium, Flushing, New York, July 26, 2019. Catalina Fragoso | USA TODAY Sports | Reuters Fortnite, the social shooter made by Epic Games, has been removed from the Apple App Store, the only way to install software on
More than 1,200 Amazon delivery drivers have been laid off in recent months after the company cut contracts with several small delivery companies across the country. Amazon informed at least seven firms that are a part of its Delivery Service Partner (DSP) program that it was severing their contracts. The companies announced they’d be laying
U.S. Secretary of State Mike Pompeo speaks during a joint press conference as part of a meeting with the Prime Minister of Czech Republic Andrej Babis in Prague, Czech Republic, on August 12, 2020. Petr David Josek | AFP | Getty Images U.S. Secretary of State Mike Pompeo said President Donald Trump’s executive orders against TikTok
Uber Technologies CEO Dara Khosrowshahi outside the New York Stock Exchange ahead of the company’s IPO, May 10, 2019. Uber would likely shut down temporarily for several months if a court does not overturn a recent ruling requiring it to classify its drivers as full-time employees, CEO Dara Khosrowshahi said in an interview with Stephanie Ruhle Wednesday
Nora Tam | South China Morning Post | Getty Images Tesla announced a five-for-one stock split on Tuesday evening. The split goes into effect on August 31. Tesla shares rose more than 6% in post-market trading even though the stock split changes nothing fundamental about the stock. Theoretically, the move could mean more smaller investors
Airbnb is planning on going public through a confidential filing later this month, a source familiar with the matter confirmed to CNBC. Shares could begin trading by the end of the year. Airbnb declined to comment. The Wall Street Journal first reported the news of its market debut. The company had plans earlier this year
A California judge granted a preliminary injunction Monday requiring Uber and Lyft to stop classifying their drivers as independent contractors pending further action by the court. The order will take effect after 10 days, as the companies requested a brief stay during the appeals process. If upheld, the ruling could have serious implications for Uber and Lyft,
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Uber CEO Dara Khosrowshahi laid out his argument for a
Xpeng Motors latest electric car is called the P7. Xpeng Motors Chinese electric car start-up Xpeng Motors has filed for an initial public offering (IPO) on the New York Stock Exchange, according to an official filing. While the company did not disclose how many Class A ordinary shares it would sell, Xpeng Motors said it
Waymo engineer Paul Roales says he’s doubling down on local involvement in Silicon Valley’s Mountain View, where many large tech companies are headquartered. Paul Roales When Waymo engineer Paul Roales got word that he and employees from sister company Google would be working from home until the summer of 2021, his first reaction wasn’t to
The Tencent Holdings Ltd. WeChat and ByteDance Ltd. TikTok app icons are displayed on a smartphone in an arranged photograph taken in Arlington, Virginia, on Friday, Aug. 7, 2020. Andrew Harrer | Bloomberg | Getty Images TikTok is planning to sue the Trump administration as soon as Tuesday, according to an NPR report citing a person