Bitcoin and crypto’s ‘Elon Musk problem’
When Elon Musk tweets, the crypto world listens. CNN’s Jon Sarlin explores the contradictions of crypto’s decentralized networks alongside the very central influence of one man.
Continue ReadingWhen Elon Musk tweets, the crypto world listens. CNN’s Jon Sarlin explores the contradictions of crypto’s decentralized networks alongside the very central influence of one man.
Continue ReadingCNN By Diksha Madhok, CNN Business India’s top court has handed Amazon a major victory in its fight with Reliance Industries for the country’s growing e-commerce market. On Friday, the Supreme Court of India ruled in favor of the American company’s efforts to stop its rival Reliance from buying Future Retail, a local, cash-strapped retailer.
Continue ReadingBy Jackie Wattles, CNN Business Jeff Bezos and Richard Branson each took a spin in their supersonic, suborbital rockets over the past two weeks, kicking off a new era of space travel in which billionaire-backed companies offer the high-flying excursions to anyone who can afford it. Bezos’ Blue Origin, which developed a 60-foot-tall vertically launched
Continue ReadingBy Brian Stelter and Katie Pellico, CNN Last week, even as it came under fire from the White House over its role in spreading anti-vaccine misinformation, Facebook hadn’t taken the simple step of blocking the #VaccinesKill hashtag on its platform. Now the hashtag is hidden on the platform, locked behind a message that says Facebook
Continue ReadingBy Sara Ashley O’Brien, CNN Business In the early months of the pandemic, people clamored for an invite to Clubhouse’s audio-only app to hear the musings of a who’s who of venture capitalists, tech leaders and celebrities. Now, Clubhouse is opening up to everyone at a time when there are questions about the app’s staying
Continue ReadingBy Jordan Valinsky, CNN Business Venmo is getting rid of the feed that shows users’ payments to strangers. It’s part of a drastic redesign that’s rolling out in the coming weeks. The mobile payment app, owned by PayPal, announced the changes Tuesday, explaining that getting rid of the global feed is part of its “ongoing
Continue ReadingBy Clare Duffy, CNN Business Instagram is making it easier for users to control how much sensitive content they see when browsing the app’s Explore page. The social media platform on Tuesday launched a new tool called “Sensitive Content Control,” which gives users the option to dial up or down the amount of potentially objectionable
Continue ReadingCNN By Clare Duffy, CNN Business Facebook’s business is soaring, but the boom times may not last. Facebook on Wednesday reported revenue of nearly $29.1 billion for the three months ended June 30, a 56% jump from the same period last year when online advertising took a hit as businesses grappled with Covid-19. The company
Continue ReadingBy Jackie Wattles, CNN Business Jeff Bezos, the world’s richest man, went to space and back Tuesday morning on an 11-minute, supersonic joy ride aboard the rocket and capsule system developed by his space company, Blue Origin. Riding alongside the multibillionaire were Bezos’ brother, Mark Bezos; Wally Funk, an 82-year-old pilot and one of the
Continue ReadingCNN By Jackie Wattles, CNN Business Jeff Bezos, the world’s richest man, went to space and back Tuesday morning on an 11-minute, supersonic joy ride aboard the rocket and capsule system developed by his space company, Blue Origin. Riding alongside the multibillionaire were Bezos’ brother, Mark Bezos; Wally Funk, an 82-year-old pilot and one of
Continue ReadingBy Sara Ashley O’Brien, CNN Business Amazon said it will end its on-site Covid-19 testing for US warehouse workers this month as it continues to peel back some pandemic-related safety measures inside its facilities. The company notified workers that it will cease offering on-site testing after July 30, according to a notification Amazon shared with
Continue ReadingBy Jackie Wattles, CNN Business Jeff Bezos can have anything. He could circle the globe in a private jet or sail it forever in a fleet of megayachts. He could afford to buy a the whole NFL; he could buy an archipelago for his family and friends; he could buy over 65,000 Bugatti Chirons (base
Continue ReadingBy Brian Fung, CNN Business A major law firm with name-brand clients in over a dozen sectors of the economy was hit by ransomware in February, it said, in a breach that may have leaked Social Security numbers, health insurance information and even biometric data. In a disclosure on its website, Campbell Conroy & O’Neil
Continue ReadingBy Brian Fung, CNN Business Amazon Web Services confirmed on Monday that it disabled cloud accounts linked to NSO Group following reports by news organizations and activist groups that the Israeli firm’s Pegasus software had been used to surveil journalists and government officials. In the sweeping forensic investigation that led to the reports, Amnesty International
Continue ReadingThe current acting director of the Cybersecurity and Infrastructure Security Agency, Brandon Wales, sits down with CNN’s Pamela Brown to talk ransomware attacks and what everyone in the country can do to prevent them in a CNN exclusive interview.
Continue ReadingBy Jackie Wattles, CNN Business Jeff Bezos, the world’s richest man, is about to launch himself on a supersonic joyride to the edge of space. He’ll be flying aboard New Shepard, a suborbital capsule and rocket system built by his space company Blue Origin. He’s also bringing along a few guests on this inaugural journey
Continue ReadingCNN’s Rachael Crane was granted access inside the facility where Jeff Bezos and his crew are training for a rocket-powered trip to the edge of space.
Continue ReadingBy Rob McLean and Michelle Toh, CNN Business Zoom, the video-conferencing platform that became hugely popular during the Covid-19 pandemic, is spending a whopping $14.7 billion on cloud-based software company Five9 to boost its appeal with business clients. Zoom announced the acquisition Sunday night. In a statement, it said the move will “help enhance Zoom’s
Continue ReadingBy Samantha Murphy Kelly, CNN Business More inclusive emojis may be coming to future software updates, including one of a pregnant man. Ahead of World Emoji Day on Saturday, popular emoji reference site Emojipedia released new images of some of the emoji finalists on the radar of the Unicode Consortium, a non-profit that oversees emoji
Continue ReadingBy Jackie Wattles, CNN Business Jeff Bezos, the richest man on the planet, is preparing for a rocket-powered, 11-minute 2,300-mph excursion to the edge of space, capping off a month filled with rocket news and a bit of drama among the world’s richest people who are dedicating large portions of their wealth to rocket development.
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