An Electronic Arts (EA) video game logo is seen at the Electronic Entertainment Expo in Los Angeles last year. Lucy Nicholson | Reuters LONDON — Electronic Arts said Monday it has reached an agreement to buy U.K. video game developer Codemasters in a deal worth $1.2 billion. The deal upstaged a previous transaction agreed between
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Matthew Prince, co-founder and chief executive officer of Cloudflare Inc., speaks during the Wall Street Journal Tech Live global technology conference in Laguna Beach, California, U.S., on Monday, Oct. 21, 2019. The event brings together investors, founders, and executives to foster innovation and drive growth within the tech industry. Martina Albertazzi | Bloomberg | Getty
Kuka robots work on Tesla Model X in the Tesla factory in Fremont, California, on Thursday, July 26, 2018. Mason Trinca | The Washington Post | Getty Images Tesla informed employees in its Fremont, California, factory on Friday that its Model S and Model X electric vehicle production lines will close from December 24th to
Tess Pawlisch, right, has been living nomadically in out of Airbnbs in Tulum, Mexico, since October. Courtesy of Tess Pawlisch Tess Pawlisch worked in San Francisco for the last four years. But this year, Pawlisch has found herself writing work emails, holding team meetings and taking client calls from hotel rooftops, hammocks and beaches in
An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, October 18, 2019. Tom Brenner | Reuters Oracle is the latest tech company to move its headquarters out of California. The company said on Friday it’s moving its headquarters from the Silicon Valley to Austin, Texas. “Oracle is implementing a more
California is seeking to join the Justice Department in its antitrust lawsuit against Google, according to a court filing the state submitted on Friday. The move makes Google’s home state the first Democratic enforcer to seek to join the DOJ and eleven Republican attorneys general in the lawsuit. California did not join the initial group
Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney‘s streaming service Disney+ continues to gain subscribers. On Thursday, the company revealed that
A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California. Gabrielle Lurie | Reuters Since starting an Airbnb host in 2016, Travis Schurr has become a mainstay on the site, listing more than 20 houses in the Las Vegas area. He got started when one of
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, the company that allows users to book short-term rentals and experiences while
The Federal Trade Commission and a coalition of attorneys general from 48 states and territories filed two separate antitrust lawsuits against Facebook on Wednesday. The lawsuits target two of Facebook’s major acquisitions: Instagram and WhatsApp. Both are seeking remedies for the alleged anticompetitive conduct that could result in requiring Facebook to divest the two apps.
A DoorDash Inc. delivery person places an order into an insulated bag at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images DoorDash, the food delivery provider that’s seen a surge in demand during the coronavirus pandemic, sold shares in its IPO at $102 a piece, pricing above its range, according
SpaceX owner and Tesla CEO Elon Musk poses as he arrives on the red carpet for the Axel Springer Awards ceremony, in Berlin, on December 1, 2020. Britta Pedersen | AFP | Getty Images Elon Musk said Tuesday that while SpaceX and Tesla maintain major operations in California today, he has personally moved to Texas.
Pilot models of the Uber self-driving car. Angelo Merendino | AFP | Getty Images Uber‘s self-driving unit, Advanced Technologies Group (ATG), is being acquired by its start-up competitor Aurora Innovation, the companies announced Monday. The deal, expected to close in the first quarter of 2021, values ATG at approximately $4 billion. The unit was valued
A person wears a Palantir Technologies (PLTR) sweater outside the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reuters Shares of Palantir jumped more than 17% Monday after Bloomberg reported that the company won a three-year contract
Rubin Ritter, member of the management board at Zalando SE, gestures whilst speaking during an interview at the online retailer’s technology headquarters in Berlin, Germany, on Monday, Sept. 26, 2016. Krisztian Bocsi | Bloomberg via Getty Images LONDON — A co-CEO of Europe’s largest online fashion and lifestyle site has announced plans to step down
Ben Lamm is just 39 and building his fifth company, Hypergiant, a Texas-based company which develops artificial intelligence products for the likes of NASA, GE Power, Apple and Twitter. When Lamm was at Amy’s Ice Cream in Austin a couple years ago, he distinctly remembers a moment of being jealous of the employee serving him