European stocks are set to open slightly higher Thursday morning, after the U.S. Federal Reserve took a more accommodative stance at its policy meeting. The FTSE 100 is seen 19 points higher at 7,310, the CAC is expected to open up around 17 points at 5,399, while the DAX is poised to start 11 points
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European officials Wednesday fined Google €1.49 billion ($1.7 billion) for more than a decade of abusive practices in how it brokered online ads for other websites like newspapers, blogs, and travel aggregators. This is the third billion-dollar antitrust penalty levied against Google by the European Commission, which has fined the company more than $9 billion
Instagram took a big step on Tuesday in its evolution into an online shopping destination, and for once, Amazon finds itself looking up from a position of weakness. Instagram announced that users of the photo-sharing app will for the first time be able to start making purchases of some products directly within the app, capping
In January 2018, the top policy executives from YouTube, Facebook, and Twitter testified in a Senate hearing about terrorism and social media, touting their companies’ use of artificial intelligence to detect and remove terrorist content from groups like ISIS and Al Qaeda. After the hearing, Muslim Advocates, a civil rights group that has been working
European stocks are set to open lower Wednesday morning, as investors await a policy decision by the U.S. Federal Reserve. The FTSE 100 is set to 33 points lower at 7,291, the CAC is expected to open down around 21 points at 5,404, while the DAX is also poised to start 85 points lower at
Airbnb recently sold common shares at a price that values the home-rental startup at roughly $35 billion. That’s a lot of money, but only a bit more than the amount it was valued at two years ago by private investors. The company priced its equity at about $120 per share when it purchased the last-minute
Shelley Chang was working as a business analyst for a computer company in 2010 when she met Jason Ho through some mutual friends. Ho was tall and slender with a sly smile, and they hit it off right away. A computer programmer, Ho ran his own company from San Francisco. He also loved to travel.
European stocks are set to open slightly lower Tuesday morning, as investors monitored heightened Brexit uncertainty and awaited the Federal Reserve‘s latest monetary policy meeting. The FTSE 100 is seen 12 points lower at 7,287, the CAC is expected to open down around 10 points at 5,402, while the DAX is also poised to start
A year ago, Facebook built a new section of its app specifically for local news. Called Today In, the idea was that Facebook — which is flooded with all kinds of photos, videos, ads, and events from a wide range of people, publishers, and brands — wanted to create a special section where local news
The internet is an ocean of algorithms trying to tell you what to do. YouTube and Netflix proffer videos they calculate you’ll watch. Facebook and Twitter filter and reorganize posts from your connections, avowedly in your interest—but also in their own. New York entrepreneur Brian Whitman helped create such a system. He sold a music
Russian tycoon Oleg Deripaska, a close confidant of Russian President Vladimir Putin, said on Sunday that Moscow and Washington are more interested in “muscle flexing” than improving their relationship. Asked whether he has hopes of thawing tensions between Russia and the West while economic sanctions are in place, Deripaska replied: “The way I see it,
On October 27, 2012, Facebook CEO Mark Zuckerberg wrote an email to his then-director of product development. For years, Facebook had allowed third-party apps to access data on their users’ unwitting friends, and Zuckerberg was considering whether giving away all that information was risky. In his email, he suggested it was not: “I’m generally skeptical
In the cloud wars, Microsoft has been able to win big business from retailers, largely because companies like Walmart, Kroger, Gap and Target are opting not to write big checks to rival Amazon. The more Amazon grows, the more that calculation could start working its way into other industries — like automotive. In a recent
When asked point-blank if she trusts tech companies, Senator Amy Klobuchar said: “No. No, I don’t. “I like that they are incredibly successful for America,” Klobuchar said on the latest episode of Recode Decode. “I like that they employ so many people. I like that they brought in new ideas and new innovations, but I
Top young basketball players will soon have a choice of whether to take their talents to college hoops or to an alternate paid summer league while continuing to pursue their education, retired NBA champion David West told CNBC on Friday. West, who earned championship rings with the Golden State Warriors in 2017 and 2018, is
After each new horrific mass shooting, an all-too-familiar cycle often plays out: Reporters (myself included) race to attempt to unpack an alleged shooter’s possible motivations by piecing together clues from their social media accounts and online postings before it all gets scrubbed from the internet. We do this in the hopes that it will somehow
“We don’t check what people say before they say it, and frankly, I don’t think society should want us to. Freedom means you don’t have to ask for permission first, and by default, you can say what you want.” That’s Mark Zuckerberg, circa September 2017. At the time, the Facebook CEO was describing his company’s
Back in Facebook’s earliest days — the days when CEO and founder Mark Zuckerberg still carried around a business card that read “I’m CEO, Bitch” — Facebook’s website included a little snippet at the bottom that read: “A Mark Zuckerberg Production.” That line was removed in 2007 in favor of a more professional and inclusive
CNBC’s Jim Cramer took a call from a viewer about the stock of Ford, one of the iconic Big Three automotive companies that calls metro Detroit home. The “Mad Money” host said he’s not buying it. “I’m not gonna recommend Ford. They are such a show me situation,” he said. “They absolutely, absolutely, absolutely have
One of the investors who has epitomized Wall Street’s hunger to gain access to Silicon Valley is suddenly leaving his firm, Tiger Global. Lee Fixel, the man behind consumer investments such as Juul, Flipkart, and Spotify, is departing from the hedge fund giant later this year, the firm told Recode on Thursday, and is likely
Just last spring, Chris Cox, the chief product officer of Facebook, was promoted to also oversee WhatsApp, Messenger, and Instagram. It seemed at the time almost like succession planning. If Mark Zuckerberg were to ever leave the company, Cox, his longtime confidante and a representative of the engineering and product side, would be set up
Democratic presidential candidate and California senator Kamala Harris is introducing a bill on Thursday that would give state and local governments access to a pool of $15 million a year in grant funding, which they could use to set up tech teams and overhaul the often outdated tools and websites their constituents use every day.
The U.S. Federal Aviation Administration on Wednesday joined dozens of other countries’ regulators in ordering airlines to ground new Boeing 737 Max planes, citing evidence linking a deadly crash of one of them in Ethiopia over the weekend to a similar fatal flight in Indonesia in October. (You can find more detail on why the
Boeing is pushing a software update across its 737 Max models that goes “beyond what many industry officials familiar with the discussions had anticipated,” to better measure in-flight conditions, according to the Wall Street Journal. Investigators are still determining the exact cause of the most recent crash in Ethiopia, but a preliminary report about the
Kind, the maker of the popular nut bars, filed a petition Wednesday asking the Food and Drug Administration to change how it regulates claims on food labels. The petition is the latest development in the battle over food labeling. In the FDA’s 2018 roadmap under outgoing Commissioner Scott Gottlieb, the regulator said that it wants
One of Silicon Valley’s most prominent private equity investors — and one of the tech sector’s leading proponents of how to invest ethically and for social impact — has been charged in an explosive college admissions scandal that was revealed Tuesday, March 12. Prosecutors charged Bill McGlashan, a founder and managing partner at TPG Growth
Devaki Raj leaned over a gilded railing inside Times Square’s Marriott Marquis last Thursday, racking her brain to find the words that won’t get her in trouble. Minutes before, she had stood confidently in front of a conference room full of investors, academics, military contractors, and Air Force acquisitions officers to deliver a slick pitch
The Bay Area is famed for nurturing speculative investments like flying cars, floating cities, and the notion that a ride hailing service can turn a profit. A new utopian investment opportunity arrived Monday: Shovel dollars into a San Francisco artificial intelligence lab cofounded by Elon Musk and you’ll receive a share of the profits when
Investors can place a bet on eBay now that the e-commerce corporation could potentially be split up, CNBC’s Jim Cramer said Monday. “I want you to buy eBay,” the “Mad Money” host said. “I think that what Elliott [Management’s] done is remarkable. I think that Devin Wenig as CEO—I think he’s gonna go with the
Home is the new gym. Peloton, a company that makes high-end stationary bikes and treadmills that stream live classes, is snapping up new users and is currently valued at $4 billion. Similar devices replete with plenty of venture capital funding — Tonal, Hydrow, Mirror — are popping up every day, each with the promise of