Epic Games’ “Fortnite” has taken the world by storm, slashing gaming giant Activision Blizzard’s market value by billions and becoming the biggest esport on the planet. But if you ask Strauss Zelnick, the chairman and CEO of video game developer Take-Two Interactive Software, the free-world, survival-based mega-hit is actually helping the industry. “There seems to […]

Micron Technology shares spiked nearly 4 percent in after-hours trading after it announced a deal with Intel to make and ship the next generation of chips used in flash drives and digital cameras. And then came news that Micron would buy back $10 billion in shares. It was already a good day for Micron. Shares […]

On Monday, Netflix announced that the newest contributors to its streaming platform would be former U.S. president Barack Obama and former first lady Michelle Obama. The news comes less than two years after Mic first reported that Obama had plans to continue a career in digital media after his presidency and only months after Barack […]

Tesla CEO Elon Musk revealed that the standard version of the Model 3 — priced at $35,000 — is still a long way off. Making them today would be a money-losing proposition and pose an existential crisis for Tesla, he suggested on Twitter this weekend. tweet When Tesla first unveiled its Model 3 in 2016, […]

One analyst says “there’s zero empirical evidence” that Google acts as a monopoly and does real harm, even though “60 Minutes” put the search engine back in the antitrust cross hairs. “We need to be extraordinarily careful before we think about heavily regulating them — breaking them up,” James Pethokoukis of the American Enterprise Institute […]

Shares of e-commerce platform Shopify plunged as much as 5 percent after Adobe announced the acquisition of rival e-commerce platform Magento Commerce. Adobe said on Monday that it’s paying $1.68 billion for Magento. Magento is a cloud-based e-commerce service used by companies including Coca-Cola, Warner Brothers Music, Canon, and Nestle. Businesses use Magento and Shopify […]

Epic Games is not fooling around. The game publisher just made “Fortnite” the biggest global esport by a significant margin in terms of prize money. On Monday Epic Games announced it will provide $100 million to fund prize pools for “Fortnite” tournaments during the first year of competition. “Grab your gear, drop in and start […]

I asked Apple‘s Siri assistant to tell me about WWDC, Apple’s developer conference that starts on June 4, and it told me it’s going to get an upgrade. “I don’t want to brag, but I’m getting a lot smarter,” Siri told me. “It must be all that late night studying I’ve been doing…” Here’s a […]

Who speaks for Alphabet these days? Mark Zuckerberg is the face of Facebook. Jeff Bezos is definitely in charge of Amazon. Tim Cook runs Apple. Satya Nadella speaks for Microsoft. The CEO of Alphabet is Larry Page, who co-founded the company (then called Google) with Sergey Brin in 1998. Page has always been an introvert. […]

General Motors is a leader in the future autonomous vehicle network space, according to Citigroup, spelling a “raging bull” case for the automaker. Though analyst Itay Michaeli believes the automaker’s shares could nearly double to $70 over the next 12 months, he argued that the stock could soar to $134 over the long term as […]