Jeff Housenbold, managing partner at SoftBank’s Vision Fund SoftBank SoftBank’s Jeff Housenbold, who led the Vision Fund’s investments in companies including DoorDash, OpenDoor and Wag, is leaving the firm later this year. SoftBank shook up the Silicon Valley investment world with the first Vision Fund in 2017, ultimately raising $100 billion, funded in large part
Technology
The reflection of bitcoins in a computer hard drive. Thomas Trutschel | Photothek via Getty Images LONDON — A British man who accidentally threw out a hard drive with a trove of bitcoin on it is once again urging local city officials to let him search for it in a landfill site. James Howells, a
SINGAPORE — Taiwan Semiconductor Manufacturing Co (TSMC) could face earnings pressure after the company announced plans for massive capital expenditure this year, an analyst told CNBC. Having posted record fourth-quarter earnings on Thursday, the world’s largest contract chipmaker said it expected to spend between $25 billion to $28 billion in 2021 to make advanced chips.
Rafael Henrique | LightRocket | Getty Images Shares of online clothing reseller Poshmark popped more than 130% in the company’s market debut Thursday. The stock began trading at $97.50 per share. On Wednesday, Poshmark priced its IPO at $42 a share, giving it an initial valuation of more than $3 billion. The company previously said
Customers look at a Tesla Motors Inc. Model X electric vehicle on display at the company’s showroom in Shanghai, China, on Tuesday, Sept. 12, 2017. Qilai Shen | Bloomberg | Getty Images The National Highway Traffic Safety Administration (NHTSA) asked Tesla in a letter on Wednesday to recall 158,716 of its Model S and Model
Shopify founder and Chief Executive Officer Tobi Lutke smiles after the company’s IPO at the New York Stock Exchange May 21, 2015. Lucas Jackson | Reuters Shopify just came off a huge growth year as the Covid-19 pandemic spurred massive growth in online shopping. Now it’s starting 2021 with a bang thanks to an 8%
A man receives a dose of the Moderna coronavirus disease (COVID-19) vaccine at a vaccination site at South Bronx Educational Campus, in the Bronx New York on January 10, 2021. Kena Betancur | AFP | Getty Images GUANGZHOU, China — Sellers on the so-called dark web have been putting out an increasing number of advertisements for
Signal app Signal Facebook‘s WhatsApp is changing its privacy policy on Feb. 8, when it will begin to share some user information with Facebook, including location, phone numbers, profile names and pictures, when you last logged online and more. People are now flocking to an alternative texting app called Signal that doesn’t collect your data.
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Facebook on Monday announced that it will pause its contributions to political action committees in the wake of the invasion of the U.S. Capitol on Wednesday by insurgents incited by President Donald
German Chancellor Angela Merkel wears a protective face mask as she leaves after speaking to the media for her annual summer press conference during the coronavirus pandemic on August 28, 2020 in Berlin, Germany. Anadolu Agency | Anadolu Agency | Getty Images LONDON — German Chancellor Angela Merkel blasted Twitter’s decision to ban U.S. President
A visual representation of the cryptocurrency Bitcoin on November 20, 2018 in London, England. Jordan Mansfield | Getty Images News | Getty Images GUANGZHOU, China — Bitcoin and other digital coins tanked on Monday wiping off some $170 billion from the entire cryptocurrency market. The market capitalization or value of the cryptocurrency market was $959.53
Black artist Bomani X has been one of the key innovators of voice-chatting app Clubhouse, and now, his face serves as Clubhouse’s app icon. Courtesy of Bomani X Clubhouse, a social media app introduced in March, allows users to gather in virtual rooms where they can communicate with one another through the mics on their
Parler CEO John Matze joins CNBC’s “Squawk on the Street” on July 2, 2020. CNBC Amazon has pulled the plug on Parler, a social media app popular with Trump supporters, in the wake of the deadly U.S. Capitol riot earlier this week. Amazon’s cloud-computing unit, Amazon Web Services (AWS), informed Parler on Saturday that it
U.S. President Donald Trump makes a fist during a rally to contest the certification of the 2020 U.S. presidential election results by the U.S. Congress in Washington U.S, January 6, 2021. Jim Bourg | Reuters President Donald Trump continued tweeting Friday evening using the government-owned @POTUS account, despite having his @realDonaldTrump account permanently suspended by
U.S President Donald Trump gives an address, a day after his supporters stormed the U.S. Capitol in Washington, U.S., in this still image taken from video provided on social media on January 8, 2021. Donald J. Trump via Twitter | Reuters Twitter permanently suspended President Donald Trump’s account on Friday. The company said in a
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Electric vehicle maker Tesla surpassed Facebook by market capitalization after markets opened Friday. Tesla’s stock jumped about 5.5% at 9:03 a.m.