By Jackie Wattles, CNN Business Chunks of space debris were reportedly found on farmland in the Australia mountains, and this week NASA and Australian authorities confirmed that the objects are “likely” a scrap of hardware from a SpaceX Dragon capsule that was intentionally jettisoned as the spacecraft reentered the Earth’s atmosphere last May. SpaceX did
Continue ReadingBy Sara Ashley O’Brien, CNN Business Tinder’s newest CEO is out after less than a year on the job, marking the second high-profile female executive to depart its parent company, Match Group, in a matter of months. Match Group’s newly tapped CEO Bernard Kim announced Tinder CEO Renate Nyborg’s departure on Tuesday in a letter
Continue ReadingCNN By Jackie Wattles, CNN Business US House Speaker Nancy Pelosi’s flight to Taiwan, which bolstered American support for the island nation but angered China, was the single most heavily tracked flight in the history of the online flight tracking site Flightradar24. The website, which uses a network of receivers to track planes’ location and
Continue ReadingBy Jackie Wattles, CNN Business US House Speaker Nancy Pelosi’s flight to Taiwan, which bolstered American support for the island nation but angered China, was the single most heavily tracked flight in the history of the online flight tracking site Flightradar24. The website, which uses a network of receivers to track planes’ location and speed,
Continue ReadingCNN, CNN BUSINESS By Jennifer Korn Heists continue to plague the crypto world, with news of large sums stolen from digital currency firms seemingly every month. But while crypto exchanges were once the main point of attack, hackers now appear to have a new target: blockchain bridges. Bridges are the infrastructure that allow users to
Continue ReadingBy Jennifer Korn Heists continue to plague the crypto world, with news of large sums stolen from digital currency firms seemingly every month. But while crypto exchanges were once the main point of attack, hackers now appear to have a new target: blockchain bridges. Bridges are the infrastructure that allow users to exchange assets between
Continue ReadingBy Alicia Wallace, CNN Business Just months after cutting 9% of its workforce, Robinhood on Tuesday announced plans to lay off another 23%. The latest cuts, which will affect 780 employees, continues a massive freefall for the once high-flying online brokerage. In a separate development Tuesday, the state of New York hit the Menlo Park,
Continue ReadingBy Sara O’Brien, CNN Business Demand for Airbnb bookings continues to soar even as high gas prices and inflation weigh on consumers and the economy. Airbnb said Tuesday that it had 103.7 million bookings on its platform during the three months ended in June, a new quarterly high for the company and a 24% increase
Continue ReadingBy Catherine Thorbecke, CNN Business Private astronaut missions to the International Space Station will have to be chaperoned by a former NASA astronaut, per new proposed requirements from the US space agency. NASA posted a public notice online on Tuesday that laid out a handful of updated requirements for future private astronaut missions, which the
Continue ReadingBy Sara O’Brien, CNN Business Even higher gas prices and soaring inflation aren’t slowing down Uber’s rebound from the worst days of the pandemic. Uber on Tuesday said its revenue hit $8.1 billion during the three months ending in June, more than doubling from the year prior as more customers turn to the ride-hailing service.
Continue ReadingCNN By Sara O’Brien, CNN Business Even higher gas prices and soaring inflation aren’t slowing down Uber’s rebound from the worst days of the pandemic. Uber on Tuesday said its revenue hit $8.1 billion during the three months ending in June, more than doubling from the year prior as more customers turn to the ride-hailing
Continue ReadingBy Catherine Thorbecke, CNN Business Two years after then-President Donald Trump said he would ban TikTok in the United States through an executive order, the short-form video platform is once again under scrutiny in Washington. And the underlying issue remains largely the same: TikTok’s ties to China through its parent company, Bytedance. A growing number
Continue ReadingBy Catherine Thorbecke, CNN Business If you have one or more drawers filled with old gadgets and wires, you’re not alone. Decades of the tech sector’s pressure to “innovate or die” have led to a long list of useful and flashy household tech products, but many of these same devices also have a need to
Continue ReadingCNN, CNN BUSINESS By Ashley Strickland, CNN A robot created at Stanford University in California is diving down to shipwrecks and sunken planes in a way that humans can’t. Known as OceanOneK, the robot allows its operators to feel like they’re underwater explorers, too. OceanOneK resembles a human diver from the front, with arms and
Continue ReadingBy Ashley Strickland, CNN A robot created at Stanford University in California is diving down to shipwrecks and sunken planes in a way that humans can’t. Known as OceanOneK, the robot allows its operators to feel like they’re underwater explorers, too. OceanOneK resembles a human diver from the front, with arms and hands and eyes
Continue ReadingBy Catherine Thorbecke, CNN Business Twitter’s lawsuit against Elon Musk over his move to terminate their $44 billion acquisition agreement will go to trial on Oct. 17 and run for five days, a Delaware judge has ruled. Judge Kathaleen St. Jude McCormick, who is overseeing the case, issued the order for the trial dates late
Continue ReadingBy Clare Duffy, CNN Business Much of contemporary Silicon Valley was built on advertising dollars. That dependence made even the most powerful companies look at least somewhat vulnerable this week after reporting their latest earnings results. “We seem to have entered an economic downturn that will have a broad impact on the digital advertising business,”
Continue ReadingBy Clare Duffy, CNN Business Even the world’s most valuable tech company isn’t immune to the more challenging global economic climate. Apple on Thursday reported its profits declined by nearly 11% in the three months ending in June from the same period a year ago as the company works through an economic downturn and supply
Continue ReadingBy Rishi Iyengar, CNN Business Amazon appears to still be going strong even as other Big Tech companies stumble amid pressure from inflation and an economic downturn. The e-commerce giant on Thursday reported net sales of $121.2 billion for the quarter ended June 30, a 7% increase from the same quarter last year and higher
Continue ReadingBy Catherine Thorbecke, CNN Business Instagram on Thursday said it will walk back some of its recent feature changes after facing mounting backlash from users, including members of the Kardashian family. In recent days, Instagram has come under fire from users who are frustrated that the photo-sharing app is becoming too much like rival TikTok.
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