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
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
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
Good morning! It’s Tuesday, February 13, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Electric Car Charging Still Sucks, But That Might Change 1st Gear: Stellantis Adding Tesla Charger In 2026, Now … Read more
A Gojek driver looks at a smartphone in Jakarta, Indonesia, on Monday, Dec. 11, 2023. ByteDance Ltd.’s TikTok agreed to invest $1.5 billion in a joint venture with Indonesia’s GoTo Group that it will control, part of a pact that lets the Chinese company restart its shopping app in its biggest online-retail market. Photographer: Dimas Ardian/Bloomberg via … Read more
Jeff Bezos. Emma McIntyre | Getty Images Entertainment | Getty Images Amazon founder and executive chairman Jeff Bezos sold roughly $2.08 billion of shares in the company over the past few days, according to a financial filing. The sales began Friday, the filing shows, and continued Monday. In total, Bezos sold 11,997,698 shares in the … Read more
Tesla was forced to recall nearly two million cars in the U.S. in December after the National Highway Traffic Safety Administration determined that its Autopilot driver assistance system could be abused too easily. Right out of the gate, experts were skeptical that Tesla would actually fix the problems the NHTSA had with Autopilot, and when … Read more
Brian Chesky, co-founder and CEO of Airbnb Inc., at the Hope Global Forums annual meeting in Atlanta on Dec. 12, 2023. Dustin Chambers | Bloomberg | Getty Images Airbnb reported better-than-expected revenue for the fourth quarter on Tuesday and issued an optimistic forecast for the current period. The stock fell more than 4% in extended … Read more
An employee works at Shopify’s headquarters in Ottawa, Ontario in Canada. Chris Wattie | Reuters Shopify shares slid about 10% on Tuesday morning after the Canadian e-commerce company reported better-than-expected earnings for the fourth quarter but gave mixed guidance for the current period. Here’s how the company did for the quarter compared with consensus expectations … Read more
Apple’s iMessage app and Microsoft’s Bing and Edge browsers won’t tough restrictions from the European Union. Jaap Arriens | Nurphoto | Getty Images Apple’s iMessage messaging service and Microsoft’s Bing and Edge search browsers should not be designated as “gatekeepers” under the European Union’s strict digital competition laws, the European Commission said Tuesday. It has … Read more
