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March 5, 2021

Breaking News: Technology

Chamath Palihapitiya sells remaining personal stake in Virgin Galactic, worth about $213 million

CNBC
CNBC – For more and to sign up click here Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Billionaire investor Chamath Palihapitiya, the chairman of Virgin Galactic who took the company public through......

SpaceX denounces Justice Department’s subpoena in hiring practices investigation as ‘government overreach’

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CNBC – For more and to sign up click here The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead of the Demo-2 launch. Elon Musk’s SpaceX denounced a subpoena from the Department of Justice for its corporate hiring records,......

Here’s a look at Dispo, the invite-only picture sharing app everyone’s talking about

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CNBC – For more and to sign up click here Dispo for iPhone Todd Haselton | CNBC Everybody’s buzzing about Dispo, a new, invite-only app that brings back some of the fun of a disposable camera. It was created by David Dobrik, a popular YouTuber who gained early fame on......

The Trade Desk stock drops 20% in two days after Google clarifies ad-tracking policy

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CNBC – For more and to sign up click here The Trade Desk rings The Nasdaq Stock Market closing bell in celebration of its September 2016 IPO. Source: Nasdaq Ad tech company The Trade Desk stock has dropped 20% since Tuesday’s close, after Google issued its latest guidance Wednesday on......

YouTube CEO says the platform will lift Trump’s suspension when risk of violence drops

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CNBC – For more and to sign up click here Susan Wojcicki, CEO of YouTube. Michael Newberg | CNBC YouTube CEO Susan Wojcicki said Thursday that the platform will lift the suspension on the account of former President Donald Trump once the risk of violence declines. The Google-owned video-sharing site......

Microsoft CEO Satya Nadella: Saying ‘my team is great and everyone else sucks’ is not leadership

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CNBC – For more and to sign up click here Satya Nadella, chief executive officer of Microsoft Corp., speaks during a Bloomberg event on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2020. Simon Dawson | Bloomberg | Getty Images Microsoft CEO......

SpaceX Starship prototype rocket explodes after successful landing in high-altitude flight test

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CNBC – For more and to sign up click here Starship prototype SN9 launches from the company’s development facility in Boca Chica, Texas. SpaceX SpaceX successfully landed a Starship prototype after a high-altitude flight test for the first time on Wednesday, marking a major step forward for Elon Musk’s company......

Snowflake eliminates dual-class share structure, hits estimates on guidance

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CNBC – For more and to sign up click here Frank Slootman, CEO, Snowflake Source: CNBC Snowflake stock fell as much as 7% then rebounded in extended trading on Wednesday after the data analytics software company gave full-year guidance that met but did not exceed analysts’ estimates, and announced an......

Okta says it’s buying security rival Auth0 for $6.5 billion, sending stock plunging

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CNBC – For more and to sign up click here Okta CEO Todd McKinnon Okta Okta, whose cloud software allows office workers to access all of their apps through a secure online service, said on Wednesday that it’s spending $6.5 billion to acquire rival Auth0. Okta’s shares plunged about 13%......

Apple has an easy new way to copy all your photos and videos to Google Photos

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CNBC – For more and to sign up click here Apple quietly rolled out a tool that lets you copy all of the pictures you have stored in Apple Photos over to Google Photos. You might find it helpful for a couple of reasons. It’s an easy way to move......

Ride-sharing stocks a rare bright spot in otherwise miserable day for tech

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CNBC – For more and to sign up click here A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California, May 13, 2020. Mike Blake | Reuters Ride-sharing stocks closed Wednesday as a rare bright spot for tech stocks in......

SpaceX aborts Starship prototype launch, will try again later today

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CNBC – For more and to sign up click here [This livestream is expected to return at around 5:30 p.m. ET. Please refresh the page if you do not see the video player above.] Elon Musk’s SpaceX is preparing to launch the latest prototype of its next-generation Starship rocket on......

Shares of Oscar Health dip in NYSE market debut, begins trading at $36 per share

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CNBC – For more and to sign up click here The New York Stock Exchange welcomes Oscar Health, Inc. (NYSE: OSCR), today, Wednesday, March 3, 2021, as they celebrate its IPO. NYSE Shares of Oscar Health dipped 8% in its initial public offering Wednesday on the New York Stock Exchange.......

AppLovin joins parade of video game companies headed for public market after 2020 sales hit $1.45 billion

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CNBC – For more and to sign up click here A man plays a game on a smartphone. Brent Levin | Bloomberg | Getty Images Mobile game developer AppLovin is poised to become the latest online game provider to hit the public markets, joining a crop of companies to capitalize......

Japanese billionaire to fly eight members of the public on SpaceX moon flight

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CNBC – For more and to sign up click here Japanese billionaire entrepreneur Yusaku Maezawa speaks at SpaceX’s headquarters in Hawthorne, California.  Michael Sheetz | CNBC Japanese billionaire Yusaku Maezawa announced on Tuesday that he will choose eight members of the public to join him on his trip around the......

Zoom pops as company beats expectations and issues strong guidance

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CNBC – For more and to sign up click here Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, reacts while ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, April 18, 2019. Zoom......

Satellite data company Spire goes public via SPAC, adding to a growing list of public space plays

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CNBC – For more and to sign up click here A Spire satellite pictured in orbit. Spire Global Small satellite builder and data specialist Spire Global is planning to go public, announcing on Monday that it is the latest among multiple space companies to merge with a SPAC. Spire Global......

Small-launch leader Rocket Lab going public via a SPAC, with plans for bigger Neutron rocket

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CNBC – For more and to sign up click here Rocket Lab CEO Peter Beck stands with one his company’s Electron rockets. Rocket Lab Rocket Lab, the leader among companies building small rockets to launch satellites, is going public through a SPAC merger that values the company at more than......

Coinbase and Roblox take a page from Google, keeping marketing costs way down ahead of public debuts

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CNBC – For more and to sign up click here Welcome to Bloxburg Roblox Cryptocurrency exchange Coinbase and gaming app Roblox are both getting set to go public through a direct listing of their shares. They have something else in common that’s likely to prove very attractive to investors: Brand......

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