Elon Musk Mike Blake | Reuters This is a live blog. Check back for updates. 3:22 pm: Wayfair drops 13% as company announces job cuts Shares of the online retailer tanked 13% after the company said it was cutting roughly 3% of its workforce, which translates to around 500 jobs. The company said that around […]
Tag: Amazon.com Inc
Amazon wants to question President Trump over JEDI cloud contract loss
WASHINGTON — Amazon is seeking to depose President Donald Trump, Defense Secretary Mark Esper and former Defense Secretary James Mattis over a $10 billion Pentagon cloud contract awarded to Microsoft. In court documents unsealed and filed Monday, Amazon’s cloud computing arm said it’s looking to depose seven “individuals who were instrumental” in the JEDI source […]
Amazon Flex drivers use bots to get more work
Contractors working for the Amazon Inc. Flex program load packages into vehicles to deliver to customers in San Francisco. David Paul Morris | Bloomberg | Getty Images Like many gig economy workers, Amazon Flex drivers start off their day by opening an app. The Flex app is where drivers find package delivery jobs in their […]
AnitaB.org CEO Brenda Wilkerson interview
AnitaB.org CEO Brenda Wilkerson is trying a different approach to diversity in Silicon Valley. Brenda Wilkerson is disappointed with Silicon Valley’s repeated diversity failures, and says time is running out. Nearly two years ago, the former computer programmer and entrepreneur took the CEO role at AnitaB.org, a non-profit organization named after famed computer scientist Anita […]
Why Tesla stock seems expensive, even compared to other tech stocks
A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England. John Keeble | Getty Images News | Getty Images Tesla’s valuation has soared well past other automakers, even those which produce millions more cars each year, causing Morgan Stanley to take a look […]
Snowflake valued at $12.4 billion as Salesforce Ventures invests
Snowflake CEO Frank Slootman, far right, addresses the team at an all-hands meeting. Courtesy of Snowflake Snowflake, a developer of cloud-based technology for storing and analyzing data, is now worth $12.4 billion, making it one of the most valuable venture-backed companies in Silicon Valley. Salesforce’s corporate venture arm joined Dragoneer Investment Group in the $479 […]
Dow up big, Tesla tops $900 in parabolic move
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images This is a live blog. Check back for updates. 3:11 pm:Â Tesla soars 21% at session high Shares of Tesla surged 21% to its session high of […]
Google still isn’t telling us about YouTube and cloud profits
Google CEO Sundar Pichai speaks during signing ceremony committing Google to help expand information technology education at El Centro College in Dallas, Texas, October 3, 2019. Brandon Wade | Reuters Alphabet told investors half the story by disclosing YouTube and cloud revenue numbers for the first time. But what about the other half? After facing […]
General Motors playing to its strengths with the GMC Hummer EV pickup
DETROIT – General Motors is playing to its strengths from a profitability and product standpoint by resurrecting Hummer as an all-electric vehicle under its GMC truck and SUV brand, according to officials. The automaker is attempting to cash-in on the reputation of an already-established brand while removing any “negative baggage” of the gas-guzzling, environment-harming Hummers […]
Worst drop since October, coronavirus fears grow, airlines fall
This is a live blog. Check back for updates. 3:10 pm:Â Coronavirus names fall ahead of the close Stocks with a large amount of exposure to the coronavirus epidemic accelerated losses on Friday, dragging down the major averages. American Airlines, Delta and United all suspended flights to and from China, sending their stocks down 3.5%, 2.4% […]
