Varda’s first manufacturing satellite and reentry vehicle attached to a Rocket Lab Photon bus. Rocket Lab Space startup Varda received long-awaited approval from the Federal Aviation Administration to bring its first spacecraft back to earth after a stint manufacturing drugs in space. Varda’s small W-Series 1 capsule, or W-1, has been stuck in orbit since … Read more
Hock Tan, CEO of Broadcom Lucas Jackson | Reuters Meta said Wednesday that Broadcom CEO president Hock Tan and philanthropist and former Enron executive John Arnold are joining the company’s board of directors. Tan has been leading the semiconductor giant since 2006, giving him extensive international experience working in computing infrastructure technology. Meta is investing … Read more
Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Cisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs. Shares were down 9% in extended trading. It’s the latest tech company to … Read more
Lyft CEO David Risher took responsibility for the major error that appeared in the company’s fourth-quarter earnings release late Tuesday, telling CNBC’s “Squawk Box” that it’s “super frustrating” for everyone on the team. Shares of the ride-sharing company soared more than 60% after the report first came out because the press release said Lyft would … Read more
Vertigo3d | E+ | Getty Images Not so long ago, drafting a text message to your crush may have involved witty cues from a glossy magazine and the input of everyone in your group chat. As of Valentine’s Day 2024, the world of online romance looks very different. An increasing number of people are using … Read more
Dara Khosrowshahi, chief executive officer of Uber Technologies speaks on a webcast during the company’s initial public offering on the floor of the New York Stock Exchange, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Uber‘s stock spiked more than 10% Wednesday morning after the ride-sharing company announced it will buy back up … Read more
Meta CEO Mark Zuckerberg demonstrates an Oculus Rift virtual reality (VR) headset and Oculus Touch controllers during the Oculus Connect 3 event in San Jose, California, U.S., on Thursday, Oct. 6, 2016. David Paul Morris | Bloomberg | Getty Images Meta CEO Mark Zuckerberg shared his opinion of Apple‘s new mixed reality headset, the Vision … Read more
The value of all the bitcoin in circulation, or market capitalization, on Wednesday rose above $1 trillion for the first time since late 2021, according to CoinMarketCap data. The cryptocurrency also broke through the $51,000 level during the day, marking the first time it has hit this price since December 2021. Bitcoin was trading at … Read more
Delivery Hero CEO Niklas Ãstberg speaking at the Noah tech conference in Berlin on June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Delivery Hero CEO Niklas Ostberg said that he’s happy holding onto the Foodpanda brand, after reports that talks of potentially selling the Southeast Asian unit had collapsed drove a huge plunge … Read more
Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Thiago Prudencio | Lightrocket | Getty Images Sony posted record quarterly profit in the all-important December quarter which encompasses the holiday season thanks to a boost from its PlayStation gaming business and financial services unit. Sony beat analyst … Read more
