Uber may be navigating a series of missteps, but don’t expect the leaders of its biggest competitor to rejoice in the company’s struggles. “There’s nothing to celebrate in this situation,” Lyft co-founder and president John Zimmer tells The New York Times. “But it does shine a light on the importance of values and ethics.” Zimmer, […]
Read moreFanDuel and DraftKings have decided to scrap their merger rather than fight the U.S. government, which had sought to block the combination of the country’s two top daily fantasy sports sites on grounds that it threatened competition and consumers. In a statement, FanDuel CEO Nigel Eccles said the companies believed — even until the end […]
Read moreAt some major banks, you no longer need to have your debit card in hand to use the ATM. But that won’t necessarily protect your account from fraudsters. Several financial institutions have introduced smart ATMs to their branches in recent months. The cardless ATM sends a code to the consumer’s phone via the bank’s mobile […]
Read moreThe annual Allen & Co conference in Sun Valley, Idaho, gathers CEOs across media and technology, plus big-name investors, making it a natural destination for dealmaking. The conversations that happen behind closed doors here have birthed the biggest media deals of the past quarter century, including Comcast’s acquisition of CNBC’s parent NBC Universal, Verizon’s purchase […]
Read moreWhen Jen O’Neal was raising money for her travel start-up two years ago, she was invited to pitch to all the partners and associates at a prominent Silicon Valley venture capital firm. The conference table was huge and the slides for her presentation were projected onto a massive screen. As she began to address the […]
Read moreSilicon Valley investor Marc Andreessen offered some rare insight to start-up founders in a Q&A blog post Thursday, including why his firm requires a warm introduction to a founder before investing, and why enterprise start-ups need to charge more for their products. Andreessen gained fame as the creator of Netscape in the 1990s, and co-founded […]
Read moreInsiders who got a crack at the Snap IPO at the offer price of $17 per share won’t sell the stock when they’re finally allowed to later this summer, CNBC’s Jim Cramer said Thursday. Cramer makes his case by addressing a rare upgrade of shares of the Snapchat parent. “Stifel comes out and says the […]
Read moreOusted Uber officials Travis Kalanick and Emil Michael were involved in making a mega-deal with the “Google of Russia” on ride-hailing, executives told CNBC. The two companies announced an agreement on Thursday to combine their ride-hailing services into a joint entity in Russia, Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan. The combined company, controlled by Russia-based […]
Read morePC shipments are at the lowest levels since 2007. Gartner said this week that the PC market declined 4.3 percent during the second quarter.The research company said that shipments were at the “lowest quarter volume since 2007,” noting the market declined for the 11th quarter in a row. The report is in stark contrast to […]
Read moreFacebook’s Oculus will release a $200 wireless headset in 2018, Bloomberg reported, marking a leap in affordability and technology for the virtual reality brand. The device, code-named “Pacific,” will be designed for immersive gaming, watching videos and social networking, according to Bloomberg’s unidentified sources. Game designers will be briefed by October, according to Bloomberg. Facebook […]
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