Skip to Content
By Rishi Iyengar, CNN Business Activision Blizzard will pay $18 million to settle a lawsuit by a US government agency alleging harassment and discrimination, the firm said Monday. The gaming company, which owns hugely popular titles such as “Call of Duty,” “World of Warcraft” and “Candy Crush,” announced it had reached a settlement agreement with
Continue ReadingBy Clare Duffy, CNN Business TikTok has hit one of the most exclusive milestones in the tech industry. The company said in a blog post Monday that it now has more than 1 billion monthly active users around the world, making it the rare social media application not owned by Facebook or Google to claim
Continue ReadingBy Samantha Murphy Kelly, CNN Business Instagram is pressing pause on plans to develop a version of its service for kids under 13 after facing pressure from lawmakers to back down on the effort and new questions about the impact the photo-sharing service has on teen girls. “While we stand by the need to develop
Continue ReadingCNN By Samantha Murphy Kelly, CNN Business Instagram is pressing pause on plans to develop a version of its service for kids under 13 after facing pressure from lawmakers to back down on the effort and new questions about the impact the photo-sharing service has on teen girls. “While we stand by the need to
Continue ReadingBy Sara Ashley O’Brien, CNN Business For a time, Elizabeth Holmes was a media darling. The college dropout who started her blood-testing company Theranos at 19 graced the cover of magazines such as Forbes, Fortune, and Inc. in her signature black turtleneck to help cultivate her image as “the next Steve Jobs.” She was upheld
Continue ReadingBy Rishi Iyengar, CNN Business It was an eventful week in the closely-watched trial of Elizabeth Holmes, with witnesses who included scientists, medical professionals, a patient and even the former US Secretary of Defense laying out how the promise of Holmes’ blood testing company Theranos fell apart. Here’s what you need to know. The miscarriage
Continue ReadingBy Jackie Wattles, CNN Business As Jared Isaacman and his three fellow crewmates were freeflying through Earth’s orbit, shielded from the unforgiving vacuum of space by nothing but a 13-foot-wide carbon-fiber capsule, an alarm started blaring. The SpaceX Crew Dragon spacecraft’s systems were warning the crew of a “significant” issue, Isaacman said. They’d spent months
Continue ReadingBy Clare Duffy and Evan Perez, CNN Business Huawei CFO Meng Wanzhou and the US Department of Justice on Friday entered an agreement to defer prosecution of US charges against her until late 2022, after which point the charges could be dropped. The deal, which allowed Meng to return to China, could bring to an
Continue ReadingBy Samantha Murphy Kelly, CNN Business The latest battle in office life may be over whether or not to keep the camera on during virtual meetings. One woman who works at a New York-based nonprofit told CNN Business she received an HR complaint in August for the first time in her career because she kept
Continue ReadingBy Samantha Murphy Kelly, CNN Business Apple officially launched its next-generation iPhone 13 line on Friday, with four new smartphones hitting shelves and shipping to customers who secured their orders early. Last week, the company showed off its latest devices — the iPhone 13 mini, the iPhone 13, the iPhone 13 Pro and iPhone 13
Continue ReadingCNN, CNN BUSINESS By Matt Egan, CNN Business The shortage of computer chips is raising the price of new and used cars, delaying shipments of electronics and holding back the economic recovery from the Covid-19 pandemic. “It’s a huge problem,” Commerce Secretary Gina Raimondo told CNN ahead of leading a White House meeting with manufacturers
Continue ReadingBy Matt Egan, CNN Business The shortage of computer chips is raising the price of new and used cars, delaying shipments of electronics and holding back the economic recovery from the Covid-19 pandemic. “It’s a huge problem,” Commerce Secretary Gina Raimondo told CNN ahead of leading a White House meeting with manufacturers and users of
Continue ReadingBy Laura He, CNN Business Alibaba is dumping its shares in one of China’s largest TV broadcasters just months after it bought them, as the company comes under growing pressure from a government campaign to rein in Big Tech’s power and influence. Alibaba plans to sell its 5% stake in Mango Excellent Media, according to
Continue ReadingBy Chris Liakos, CNN Business The European Union proposed new rules on Thursday that will make USB-C ports standard on smartphones, tablets, cameras, phones, portable speakers and handheld video game systems. The move is a setback for Apple, which uses its own “Lightning” port on the iPhone. While the new rules are years away from
Continue ReadingCNN By Matt Egan, CNN Business From the climate crisis to Covid, Marc Benioff sees a common thread for what ails America today: deception that is allowed to spread like wildfire on Facebook. “This digital revolution really kind of has the world in its grip. And in that grip, you can see the amount of
Continue ReadingBy Matt Egan, CNN Business From the climate crisis to Covid, Marc Benioff sees a common thread for what ails America today: deception that is allowed to spread like wildfire on Facebook. “This digital revolution really kind of has the world in its grip. And in that grip, you can see the amount of mistrust
Continue ReadingBy Sara Ashley O’Brien and Rishi Iyengar, CNN Business James Mattis, the former US Secretary of Defense and onetime Theranos board member, recounted how he lost confidence in the failed blood-testing startup during his testimony Wednesday in the criminal trial of the company’s founder and former CEO Elizabeth Holmes. Mattis, in a San Jose federal
Continue ReadingBy Rishi Iyengar, CNN Business Apple will not allow Fortnite back on its devices until its legal battle with the video game’s maker, Epic Games, has fully concluded, potentially delaying the game’s return to iPhones by several years. A lawyer for Apple said the company “has exercised its discretion not to reinstate Epic’s developer program
Continue ReadingBy Samantha Murphy Kelly, CNN Business When Microsoft closed its Redmond, Washington offices in March 2020 due to the pandemic, the Surface team grabbed what they could for their home offices. For a handful of engineers and product designers, that included The Frankenstein, a prototype for a versatile, transformable laptop built in concert with Windows
Continue ReadingBy Matt McFarland, CNN Business Ryan Schmutzer and Tracy Bloemer, owners of businesses that deliver packages for Amazon in Portland, Oregon, hit their breaking point this spring. Both had run technically independent businesses since 2019 that usually rent vans owned by Amazon, and are paid by Amazon to deliver its packages. The businesses are called
Continue Reading