Tech Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
- Shopify shares plunge 18% on weak guidanceon May 8, 2024 at 8:04 pm
The Canadian e-commerce company beat on the top and bottom line, but it gave downbeat guidance for the second quarter.
- Uber reports first-quarter results that beat expectations for revenue, but posts net losson May 8, 2024 at 8:02 pm
Uber beats expectations for revenue but falls short of estimates for gross bookings.
- Big Tech is eating as much data as it can to win in AI — but it’s not ‘winner takes all,’ CEO sayson May 8, 2024 at 4:34 pm
Microsoft, Amazon and Google are spending billions on AI. But Appian CEO Matt Calkins says that ensuring success in the field is “not just about money.”
- EU seeks information from X on content moderation amid first major probe under new tech ruleson May 8, 2024 at 4:27 pm
The EU Commission is requested information from X under the Digital Services Act, a groundbreaking law that aims to crack down on illegal and harmful content.
- FTX says most customers of the bankrupt crypto exchange will get all their money backon May 8, 2024 at 1:52 pm
FTX estimates that it owes creditors around $11.2 billion. FTX said it has between $14.5 billion and $16.3 billion to distribute to creditors.