<b>Tech IPOs get 'meh' response from Wall Street: Arm, Instacart, Klaviyo</b>
Tech IPOs get 'meh' response from Wall Street: Arm, Instacart, Klaviyo
After a 21-month tech IPO freeze, the market has cracked opened in the past week. But the early results can't be encouraging to any late-stage startups lingering on the sidelines. Chip designer debuted last Thursday, followed by grocery-del...
2023-09-22 17:43:52
Microsoft's Xbox plans revealed in emails tied to FTC case
Microsoft's Xbox plans revealed in emails tied to FTC case
A huge collection of purported Xbox files related to the Federal Trade Commission's case against have been published online, spilling some of the company's plans for the gaming console into public view. The files were uploaded Friday to a w...
2023-09-20 09:28:28
Amazon will now allow cashierless checkout for clothing
Amazon will now allow cashierless checkout for clothing
on announced a new version of its cashierless checkout system, allowing customers to buy clothing without having to wait in line. The updated version of the company's Just Walk Out system incorporates radio-frequency identification, or RFID...
2023-09-20 09:28:22
Biden to work with world leaders to ensure AI's use for 'opportunity'
Biden to work with world leaders to ensure AI's use for 'opportunity'
Speaking at the United Nations General Assembly on Tuesday, U.S. President Joe Biden made comments about his plan to work with competitors around the world "to ensure we harness the power of artificial intelligence for good while protecting...
2023-09-20 09:28:16
<b>Amazon devices unit morale wanes amid cuts, weak development pipeline</b>
Amazon devices unit morale wanes amid cuts, weak development pipeline
Some workers within once-storied hardware division – responsible for popular devices like the Kindle reader and Echo voice-assistant – say morale within the division has suffered amid staff cutbacks and a pipeline of devices in developm...
2023-09-20 09:28:11
Pinterest rallies after executives say growth is reaccelerating
Pinterest rallies after executives say growth is reaccelerating
shares rose as much as 5% and closed up 3% on Tuesday after company executives said they expect year-over-year revenue growth to accelerate following a slowdown in 2022 and 2023. During its first investor day, the company called for a compo...
2023-09-20 09:28:06
‘It is the hot spot': Artificial intelligence company moving from Miami to SF
‘It is the hot spot': Artificial intelligence company moving from Miami to SF
An artificial intelligence company has announced it is moving from Miami to San Francisco. The incoming move may be the best news San Francisco city leaders could possibly get at this time, with venture capitalists coming along for the ride...
2023-09-20 09:28:00
Klaviyo valued at $9.2 billion after pricing IPO above range: Reuters
Klaviyo valued at $9.2 billion after pricing IPO above range: Reuters
Marketing automation company Klaviyo Inc secured a valuation of $9.2 billion in its initial public offering (IPO) on Tuesday, after pricing the share sale above its indicated range, according to people familiar with the matter. Klaviyo pric...
2023-09-20 09:27:55
Instacart opens on Nasdaq at $42 in IPO
Instacart opens on Nasdaq at $42 in IPO
shares rose 12% in their Nasdaq debut on Tuesday after the grocery delivery company's long-awaited IPO. The stock initially popped 40% to open at $42, but closed at $33.70 as investors locked in their initial gains. The offering late Monday...
2023-09-20 09:27:49
Microsoft projected fast gaming growth from ads, mobile transactions
Microsoft projected fast gaming growth from ads, mobile transactions
executives in 2022 predicted gaming growth would come from advertising and mobile purchases over the next several years, according to documents recently published inadvertently on a court website. The disclosure, seen in a Microsoft present...
2023-09-20 09:27:43
How to get your share of the $245 million Fortnite settlement
How to get your share of the $245 million Fortnite settlement
Frustrated parents whose kids bought gear on the popular video game Fortnite without their permission may soon get some of their money back. The Federal Trade Commission on Tuesday it has begun notifying more than 37 million people that the...
2023-09-20 09:27:38
Amazon adding 250,000 workers for the holidays and bumping average pay
Amazon adding 250,000 workers for the holidays and bumping average pay
Tuesday it's hiring 250,000 employees in the U.S. to help manage the holiday rush. It's also bumping the average hourly pay for warehouse and delivery workers. Amazon typically boosts its headcount around the peak holiday shopping season, b...
2023-09-20 09:27:32
<b>Airbnb party preventer Naba Banerjee reduced parties 55% in two years</b>
Airbnb party preventer Naba Banerjee reduced parties 55% in two years
Naba Banerjee is a proud party pooper. As the person in charge of Airbnb's worldwide ban on parties, she's spent more than three years figuring out how to battle party "collusion" by users, flag "repeat party houses" and, most of all, desig...
2023-09-20 09:27:26
<b>Apple iPhone 15 Pro review: Lighter weight makes a huge difference</b>
Apple iPhone 15 Pro review: Lighter weight makes a huge difference
I've been testing two new Pro iPhones for the past several days. They hit store shelves on Friday. The two Pro iPhones are significant year-over-year upgrades, with improvements to the camera, an improved physical body, and a new button. Mo...
2023-09-20 09:27:20
<b>SBF's parents sued by FTX for millions in 'misappropriated funds'</b>
SBF's parents sued by FTX for millions in 'misappropriated funds'
Bankrupt crypto exchange FTX is looking to claw back luxury property and "millions of dollars in fraudulently transferred and misappropriated funds" from the parents of Sam Bankman-Fried, the exchange's disgraced ex-CEO and founder. , lawye...
2023-09-20 09:27:15