Ryan Browne / CNBC: Belgium-based Odoo, which develops open-source enterprise resource planning software, hit a €5B valuation in a secondary share round led by CapitalG and Sequoia — Odoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) …
Ari Levy / CNBC: Palantir stock jumps 11% after announcing a move from the NYSE to the Nasdaq; its stock is up 50%+ since reporting better-than-expected earnings on November 4 — Palantir shares continued their torrid run on Friday, soaring 11% to a record, after the developer of software for the military announced plans …
Ruxandra Iordache / CNBC: Alibaba reports Q2 revenue up 5% YoY to ~$32.4B, below ~$32.7B est., and net income up 58% YoY to ~$6.07B due to the performance of its equity investments — Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness …
Lora Kolodny / CNBC: In an email in May, the NHTSA warned Tesla that its online posts falsely suggested that its cars are autonomous, potentially misleading and endangering drivers — Tesla has falsely suggested in social media posts that its cars are autonomous, potentially misleading and endangering drivers …
Ari Levy / CNBC: AppLovin shares close up 46% after the company reported Q3 revenue up 39% YoY to $1.2B, vs. $1.13B est., and issued guidance well above est.; APP is up 519% YTD — AppLovin shares soared 46% on Thursday after the online gaming and advertising company issued guidance that was well above estimates …
Dylan Butts / CNBC: Experts say President-elect Donald Trump will likely uphold the CHIPS Act, despite his campaign rhetoric, with some modifications to its implementation — President-elect Donald Trump is unlikely to roll back the Biden administration's CHIPS and Science Act, despite his campaign rhetoric on the bill, experts say.
Ryan Browne / CNBC: Wise reports H1 2025 revenue up 19% YoY to £591.9M, profit up 55% YoY to £217.3M, and active consumer and business clients up 25% YoY to 11.4M — Wise posted a 55% jump in profit in the first half of its 2025 fiscal year Wednesday, citing customer growth and expanding market share.
MacKenzie Sigalos / CNBC: Republican blockchain entrepreneur Bernie Moreno defeats Senate Banking Chair Sherrod Brown in the Ohio Senate race; crypto PACs gave $40M+ to defeat Brown — Crypto fans are celebrating the results of the Ohio Senate race, where blockchain entrepreneur Bernie Moreno has defeated Senate …
Arjun Kharpal / CNBC: Nintendo reports Q2 revenue down 17% YoY to $1.8B, net profit down 69% YoY to ~$182.5M, and lowers its FY 2025 Switch sales forecast to 12.5M from 13.5M — Nintendo on Tuesday cut forecast for Switch sales for its fiscal year ending March 2025 as demand wanes for its ageing console.
Jonathan Vanian / CNBC: Meta informs ad partners that it will extend its ban on new election ads for the week leading up to the election until several days after the polls close — Meta extended its ban on new political ads on Facebook and Instagram past Election Day in the U.S. — The social media giant announced …
Jordan Novet / CNBC: Google Cloud Q3 revenue grew 35% YoY to $11.35B with a 17% operating margin, outpacing AWS' 19% YoY revenue growth to $27.45B with a 38% operating margin — With Wall Street laser focused on cloud computing this week, Google outpaced its rivals in growth, a key sign for investors …
Jordan Novet / CNBC: Amazon reports Q3 AWS revenue up 19% YoY to $27.45B, vs. $27.52B est., and AWS operating income of $10.45B, vs. $9.15B est., up from $7B in Q3 2023 — Amazon said revenue in its cloud unit increased 19% in the third quarter, just missing analyst estimates.
Rohan Goswami / CNBC: Super Micro's stock drops 25%+ after disclosing that auditor Ernst & Young had resigned following months of disagreement over governance and board independence — Super Micro's shares plunged as much as 35% Wednesday morning after the company disclosed its auditor had resigned following months …
Ryan Browne / CNBC: Accel: Klarna alumni have founded 62 new startups, more than any $1B+ European fintech startup; Revolut alumni founded 49, and Wise and N26 alumni had 33 each — LONDON — More startups are being spun out of Swedish digital payments firm Klarna than any other financial technology unicorn in Europe …
Rohan Goswami / CNBC: Sources: Intel is looking to sell at least a minority stake, or possibly a majority stake, worth billions in its Altera subsidiary at a valuation of around $17B — Intel is looking to sell at least a minority stake in its Altera subsidiary that would raise several billion dollars in cash …
Hayden Field / CNBC: CoreWeave says it has a new $650M credit line and has raised $12.7B from equity and debt investors in the past 18 months — CoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to expand its business and data center portfolio.
Hayden Field / CNBC: Source: on top of the $6.6B in funding, OpenAI got a $4B revolving line of credit from JPMorgan Chase, Citi, and others, bringing its total liquidity to $10B+ — OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned.
Kate Rooney / CNBC: In an email to OpenAI's investors, CFO Sarah Friar says the company's current funding round was oversubscribed and is set to close next week — OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in a strong position …
Hayden Field / CNBC: Source: at an all-hands meeting, Sam Altman said there are no plans for him to get a “giant equity stake” in OpenAI, calling that information “just not true” — At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a …
Rohan Goswami / CNBC: Collaboration software maker Smartsheet agrees to be acquired by Blackstone and Vista Equity Partners for $8.4B in cash, or $56.50/share, closing in early 2025 — Collaboration software maker Smartsheet announced Tuesday Blackstone and Vista Equity Partners will acquire it in an all-cash deal valuing the company at about $8.4 billion.
Ryan Browne / CNBC: Warner Bros. Discovery partners with Google to add its “caption AI” tool built on Vertex AI to Max to automatically generate captions for unscripted programming — Warner Bros. Discovery is partnering with Google to integrate the internet giant's AI technology …
CNBC: Amazon launches Amelia, an AI tool to help third-party sellers resolve account issues and fetch sales and inventory data, in beta for select US sellers — Amazon is rolling out an artificial intelligence tool designed to help third-party sellers quickly resolve issues with their accounts and fetch sales and inventory data.
MacKenzie Sigalos / CNBC: MicroStrategy stock jumped 8%+ on Friday after founder Michael Saylor said it purchased another $1.1B worth of bitcoin, taking its bitcoin holdings to $14.6B — MicroStrategy shares jumped more than 8% on Friday after founder Michael Saylor said the company purchased another $1.1 billion worth of bitcoin.
CNBC: Trump says he has “absolutely no intention” of selling his Trump Media stock when the lockup period expires; DJT initially popped 25%+, then closed up about 12% — Shares of Trump Media shot up Friday, minutes after majority owner Donald Trump said he has no plans to sell his stake.
CNBC: The White House plans to curb the “overuse and abuse” of the de minimis loophole used by Shein and Temu, which exempts packages worth $800 or less from tariffs — The Biden administration announced new steps on Friday to curtail what it calls the “overuse and abuse” …
Ryan Browne / CNBC: The UK gives data centers Critical National Infrastructure designation, enabling the government to coordinate better against hackers and unexpected cyber events — LONDON — The U.K. on Thursday said it now classes data centers as critical infrastructure, in a move that is expected …
Evelyn Cheng / CNBC: Huawei unveils the Mate XT trifold phone with a screen that folds into 6.4 inches and unfolds into 10.2 inches, available in China on September 20 for $2,800+ — BEIJING — Chinese smartphone company Huawei said Tuesday its trifold smartphone will start at the equivalent of more than $2,800.
Arjun Kharpal / CNBC: The European Court of Justice rules against Apple over a record €13B Irish tax bill, confirming a 2016 decision; filing: Apple will incur a ~$10B charge in Q4 — Europe's top court on Tuesday ruled against Apple in the tech giant's 10-year court battle over its tax affairs in Ireland.
Ryan Browne / CNBC: Skype co-founder Niklas Zennström's Atomico raised $1.24B, including a $754M growth-stage fund and a $485M early stage fund — LONDON — Atomico, an early investor in top European technology firms from Stripe to Klarna, announced Monday the launch of two new funds worth $1.24 billion …
Zach Vallese / CNBC: Some creators move from unpredictable algorithm-driven platforms to subscription services; YouTube group The Try Guys launched 2nd Try, a $5/month streamer — The Try Guys, one of YouTube's most established creator groups, have successfully abandoned their reliance on Google's algorithms …
Jennifer Elias / CNBC: A look at the DOJ's and multiple states' antitrust lawsuit against Google's ad business, as its trial is set to begin on September 9 — A month after losing a landmark antitrust case brought by the Department of Justice, Google is headed back to court to face off for a second time against federal prosecutors.
Megan Cassella / CNBC: In a letter, Kamala Harris is endorsed for president by 88 corporate leaders, including Yelp CEO Jeremy Stoppelman and Ripple co-founder Chris Larsen — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in a new letter shared exclusively with CNBC.
Jordan Novet / CNBC: S&P Global announces that Dell and Palantir will join the S&P 500, effective on September 23, 2024; DELL jumps 5%+ and PLTR jumps 7%+ after hours — Dell and Palantir both jumped about 7% in extended trading Friday after S&P Global announced that the companies would join the S&P 500 index.
Ryan Browne / CNBC: The UK CMA objects to Google's ad tech practices, says Google harms competition by using its online display ad dominance “to favour its own ad tech services” — LONDON — Britain's competition watchdog on Friday issued a statement of objections over Google's ad tech practices …
Ryan Browne / CNBC: Robinhood launches a new feature in the UK to let retail investors lend stocks they own to interested borrowers, in a bid to grow its international footprint — Online brokerage platform Robinhood on Wednesday launched a share lending program in the U.K. that would allow consumers …
Ryan Browne / CNBC: Zilch says it made an operating profit in July 2024, hitting profitability within four years of its founding date, and crossed £100M in annual revenue run rate — British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone …
Jordan Novet / CNBC: Microsoft plans to hold an event on September 10 with CrowdStrike and other cybersecurity vendors to discuss how to prevent incidents like the July 19 outage — Microsoft said Friday it will hold a conference in September for cybersecurity firms to discuss ways the industry can evolve following …
CNBC: Chinese self-driving startup WeRide delays its planned IPO in the US, citing its need for more time to complete documents, after filing for an IPO in July 2024 — Self-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete documents.
Ryan Browne / CNBC: PIP Labs, which is developing the blockchain Story Protocol to track IP usage, raised an $80M Series B led by a16z Crypto, sources say at a $2.25B valuation — San-Francisco-based startup Story said Wednesday that it raised $80 million of funding for a blockchain designed …
Tanaya Macheel / CNBC: Bitcoin drops below ~$50,000, its lowest level since February 2024 and down nearly 16% since August 3, and ether drops 15% to ~$2,300, as global markets plummet — Cryptocurrencies tumbled amid a global market sell-off spurred by recession fears. — The price of bitcoin sank more than 14% …
CNBC: Intel shares fall 26% to close at $21.48 in their biggest drop since 1974, after the company reported a big earnings miss; Intel's market cap is now below $100B — Intel shares plunged the most in 50 years on Friday, reaching a price not seen since 2013, after the chipmaker reported …
Arjun Kharpal / CNBC: Nintendo reports Q1 revenue down 46.5% YoY to ~$1.65B, vs. ~$1.92B exp., net profit down 55.3% YoY to ~$536M, and Switch sales down 46% YoY to 2.1M units — Nintendo on Friday reported revenue and profit that plunged in the company's fiscal first quarter, as sales of the ageing Switch console decline.
MacKenzie Sigalos / CNBC: Trump proposes a strategic national crypto stockpile; Bitcoin 2024 organizers say they were in talks to have Kamala Harris appear, but she ultimately declined — NASHVILLE — Former President Donald Trump said that if he were returned to the White House, he would ensure that the federal government never sells off its bitcoin holdings.
Arjun Kharpal / CNBC: An interview with Samsung's mobile chief TM Roh on the Galaxy AI push, monetizing AI, future products in foldables and mixed reality, and more — In a swanky downtown Paris hotel, Samsung Electronics' mobile boss sat behind a suite of the tech giant's latest products, ranging from foldable smartphones …
Ryan Browne / CNBC: CrowdStrike shares close down 11.1% after a software update caused a major outage; its shares had previously risen nearly 118% in the last 12 months — Cybersecurity firm CrowdStrike saw its shares plunge Friday, after an update led to a major outage, impacting businesses across the world.
Hayden Field / CNBC: OpenAI unveils GPT-4o mini, calling it “the most capable and cost-efficient small model available”, and plans to integrate image, video, and audio into it later — OpenAI on Thursday launched a new AI model, “GPT-4o mini,” the artificial intelligence startup's latest effort to expand use of its popular chatbot.
Sheila Chiang / CNBC: TSMC reports Q2 revenue up 40.1% YoY to $20.82B and net income up 36.3% YoY to $7.62B, both above estimates, as demand for advanced AI chips continue to surge — Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter …
Annie Palmer / CNBC: Etsy CEO Josh Silverman says Etsy is positioning itself “to answer the call for original goods and real people” by overhauling its policies and adding labels — When Etsy launched almost two decades ago, the site attracted artisans and craft makers, who finally had a place online …
Annie Palmer / CNBC: Amazon announces an updated $79 Echo Spot alarm clock, with a revamped design and improved audio quality, the first update to the device since its 2017 launch — Amazon on Monday announced a new $79 Echo Spot alarm clock with a revamped design and improved audio quality.
Kif Leswing / CNBC: Despite a $3T+ valuation, Nvidia remains a little-known brand outside gaming and tech industries due to the speed of its ascent and lack of consumer contact — Apple, Microsoft, Amazon and Google were the four leading global brands at the end of 2023, according to consulting firm Interbrand.