Uber is on track to go public in 2019, CEO Dara Khosrowshahi told CNBC. “We’re in a good position in terms of the company’s profile, in terms of profitability and margins continue to get better,” Khosrowshahi told CNBC’s Carl Quintanilla at the Code Conference in Rancho Palos Verdes, California. Khosrowshahi added that Uber has a […]
Read moreThe music business has been a crowded space for a while, said Pandora CEO Roger Lynch. To compete, the media streaming company added yet another subscription service to its platform: the Pandora Premium Family plan. Lynch told CNBC’s Julia Boorstin on Wednesday that subscriptions are “the fastest growing part of our business.” Over the last […]
Read moreAT&T CEO Randall Stephenson said Sprint and T-Mobile will have “a tough hill to climb” to get merger approval from U.S. regulators. “It’s a classic horizontal merger where they are taking a competitor out of the marketplace,” Stephenson said. “Power to them if they get it done.” The comments are Stephenson’s first on the deal […]
Read moreBox investors came into Wednesday’s quarterly report with high expectations after the stock’s 32 percent rally this year. Even though the company’s fiscal first-quarter results topped estimates, the shares dropped in extended trading. Box will hold a conference call with analysts at 5 p.m. Eastern time. Here are the key numbers from the report: Earnings: […]
Read moreTechnology companies could soon drive down healthcare costs, according to Mary Meeker, a partner at venture firm Kleiner Perkins Caufield and Byers. As people in the U.S. increasingly struggle to make ends meet, the “consumerization” of healthcare and rising data availability could be on the cusp of reducing healthcare spending, Meeker predicted during her annual […]
Read moreIf the nuclear talks between President Donald Trump and North Korean leader Kim Jong Un do actually happen, it will mark the culmination of a long and unusual path. Just last year, Kim and Trump were exchanging insults and threats. Now they’re on the verge of a historic summit – apparently. “One has to treat […]
Read moreWarren Buffett offered Uber a $3 billion investment earlier this year, but the talks eventually crumbled, according to a Bloomberg report. The offer came shortly after Japanese investment giant SoftBank secured its own stake in the ride-sharing company in January, the news site reported citing anonymous sources. Uber CEO Dara Khosrowshahi and the legendary head […]
Read moreRandall Stephenson, the CEO of AT&T, said he was not surprised when the federal government sued to stop the company’s attempted acquisition of Time Warner. “We saw it coming,” Stephenson said on Wednesday at the Code Conference in Rancho Palos Verdes, California. “You go into a transaction like this, you step into it, you hope […]
Read moreCryptocurrency prices have been highly correlated with bitcoin, the first and most famous out of thousands that exist. But that could end soon as markets start to acknowledge the differences between these assets, according to Ripple CEO Brad Garlinghouse. “There’s a very high correlation between the price of XRP and the price of bitcoin, but […]
Read moreCheck out the companies making headlines after the bell on Wednesday: Shares of CRISPR Therapeutics plunged 18.5 percent in extended trading. The biotechnology company disclosed that the FDA has placed a clinical hold on its drug application for a sickle cell disease stem cell therapy. The suspension will be in effect until CRISPR and Vertex […]
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