Steve Huffman CEO, Reddit, delivers remarks on ‘Redesigning Reddit’ during the third day of Web Summit in Altice Arena on November 08, 2017 in Lisbon, Portugal. Horacio Villalobos | Corbis | Getty Images Reddit is having a moment. The online network of communities has been thrust into the spotlight this week after a group of
Technology
The retail investing boom this week has taken over Apple and Google‘s app stores. It’s hard to stress just how unusual this is. In normal times, app store rankings are dominated by social and entertainment apps: think YouTube, Facebook, Instagram, TikTok, Disney+ and so on. First, here’s a look at the app store rankings for
A Falcon 9 rocket launches the Transporter-1 mission in January 2021. SpaceX The U.S. Department of Justice is investigating Elon Musk’s SpaceX over whether the company discriminates against non-U.S. citizens in its hiring practices, according to court documents filed on Thursday. The DOJ’s division of Immigrant and Employee Rights received a complaint of employment discrimination
A Reddit logo seen displayed on a smartphone with stock market prices in the background. Omar Marques | LightRocket | Getty Images LONDON — U.S. amateur traders aren’t the only ones rushing to invest in stocks promoted on a popular Reddit board. A flurry of retail investors are flocking to historically-unloved stocks such as GameStop
Apple reported blowout earnings on Wednesday. Even during a global pandemic, every single product line was up, leading to the company’s first quarter with over $100 billion in sales. But Apple is still best known for the iPhone, which accounted for nearly 59% of the company’s revenue during the holiday quarter. The iPhone is booming,
Loanpal CEO Hayes Barnard Loanpal For his second act in solar power, entrepreneur Hayes Barnard is aiming to play a leading role in the booming solar market, but this time with less drama. Barnard is founder and CEO of Loanpal, a company that has quietly emerged as the leading U.S. lender for residential solar installations.
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tesla CEO Elon Musk seemed to rally behind GameStop‘s epic surge, tweeting out a link to the Reddit board that’s largely hyped the stock. Shares of GameStop were up more
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Tech companies with big digital ads businesses look poised to report exceptional fourth quarters on the back of a stay-at-home holiday shopping season and a continuing ad rebound from the beginning of the
Steve Proehl | Corbis Unreleased | Getty Images Apple promoted its hardware chief, Dan Riccio, to a new role “focusing on a new project.” He will report to CEO Tim Cook, Apple announced on Monday. Riccio was previously the company’s senior vice president for hardware engineering, signing off on the physical aspects and electrical engineering
Jonah Peretti, founder and CEO of Buzzfeed; co-founder of the Huffington Post Courtsy of Ebru Yildiz/NPR Digital media companies are ready for their close up. Bustle Digital Group, Group Nine, Vox, Vice and Buzzfeed have all had recent conversations about going public via special-purpose acquisition vehicle this year, according to people familiar with the matter.
Mike Speiser Source: CNBC Venture capitalist Mike Speiser had a historic 2020. His firm, Sutter Hill Ventures, turned an initial investment of less than $200 million in Snowflake into a stake worth $12 billion after its IPO in September. Sutter Hill amassed its fortune in the cloud software vendor in a unique way. The typical
US President Joe Biden speaks about the Covid-19 response as US Vice President Kamala Harris (L) looks on before signing executive orders in the State Dining Room of the White House in Washington, DC, on January 21, 2021. Mandel Ngan | AFP | Getty Images Like many in the tech industry, Amazon has cozied up
Apple adds more functions to the iPhone every year, but the more it can do, the more complicated it gets. If you recently got a new iPhone after sitting out several generations — or maybe just don’t fiddle around with your phone a lot — you might be missing out on some easy ways to
Vehicles pass the Tesla Inc. assembly plant in Fremont, California, U.S., on Monday, May 11, 2020. David Paul Morris | Bloomberg | Getty Images Tesla is suing a former employee and software engineer named Alex Khatilov, alleging trade secret theft and breach of contract. In the complaint, the company accuses Khatilov of grabbing code and
Ivan Provorov #9 of the Philadelphia Flyers plays the puck against Brad Marchand #63 of the Boston Bruins during the first period in a Round Robin game during the 2020 NHL Stanley Cup Playoff at Scotiabank Arena on August 02, 2020 in Toronto, Ontario. Mark Blinch | National Hockey League | Getty Images The NBC
Bitcoin tumbled below $30,000 on Thursday, as the cryptocurrency continued its 2021 slide after quadrupling in value last year. The digital currency dropped 17% to $29,246.77, wiping out about $100 billion from the market, according to data from CoinDesk. It’s now down more than 30% since peaking at $41,940 earlier this month. The latest plunge,