Facebook whistleblower releases documents to multiple news outlets showing company knows the harm it causes

With an image of himself on a screen in the background, Facebook co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill October 23, 2019 in Washington, DC. Chip Somodevilla | Getty Images Facebook on Friday was hit with multiple reports stemming from documents …

SpaceX test fires Starship as FAA reviews key license for first orbital launch

A view from the launch tower as SpaceX stacks Starship prototype 20 on top of Super Heavy rocket Booster 4 on August 6, 2021. @elonmusk on Twitter Elon Musk’s SpaceX completed two test firings of the engines on its Starship 20 prototype on Thursday, as the company prepares for the rocket’s first orbital launch while …

YouTube is about to pull its apps from Roku, and the fight is going all the way to Congress

YouTube is leaving Roku. And now the fight between the two companies has caught the attention of members of Congress attempting to push their Big Tech antitrust legislation. After a months-long fight between Roku and YouTube’s parent company Google, Google announced Thursday that it would no longer allow Roku customers to download the YouTube or …

Intel shares fall after company blames shrinking PC chip business on component shortages

Pat Gelsinger Horacio Villalobos | Corbis News | Getty Images Intel shares fell more than 6% on Thursday on a weaker-than-expected sales report and after the company blamed an industry-wide component shortage for its PC chip business shrinking 2% during the quarter. Intel CFO George Davis announced plans to retire in May 2022. Here’s how …

Snap plummets 25% after missing on revenue expectations

In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Snap stock fell 25% after reporting its third-quarter earnings on Thursday. The company’s revenue missed Wall Street expectations after …

Bumble, Duolingo lead rally in shares of app developers after Google slashes subscription fees

In this photo illustration the Duolingo logo seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Shares of app developers like Bumble, Duolingo and Roblox rose on Thursday after Google said it would reduce the company’s cut from subscriptions on its Android app store. The change by Google would cut the commission …

Google slashes service fees in its app store after similar move by Apple

Sundar Pichai, Google testifies at congressional hearing, March 25, 2021. CNBC Google said on Thursday that it’s lowering service fees in its app store after a similar move by Apple, as both companies face pressure from lawmakers and regulators to make their mobile stores more accessible to developers. The service fee for subscriptions in the …

WeWork debuts on the public markets after SPAC merger, stock up in early trading

Shares of WeWork jumped as high as 8% in early trading on Thursday, as the company went public through a special purpose acquisition company more than two years after its failed IPO. The stock is currently up more than 5%. The office-leasing company scrapped plans for an IPO in 2019 after investors raised concerns over …

Oversight board condemns Facebook for withholding information on how it moderates VIPs

Facebook Chairman and CEO Mark Zuckerberg arrives to testify before the House Financial Services Committee on “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors” in the Rayburn House Office Building in Washington, DC on October 23, 2019. Mandel Ngan | AFP | Getty Images Facebook’s oversight board condemned the …

Spotify begins allowing more creators to upload podcasts as it continues to embrace video

Spotify announced Thursday it is opening up its video podcasting feature to more creators. It may help the company attract more paying subscribers and boost engagement. The move shows Spotify continues to embrace video on top of its audio offering. Spotify is pitching its video podcasts feature as a way for creators to increase their …