The capital markets are a democracy, but that’s not how Facebook is being run, said Christopher Ailman, the chief investment officer of the California State Teachers’ Retirement System, known as CalSTRS. “There is something wrong,” he said Thursday on CNBC’s “Closing Bell.” “When Facebook changed its structure to take public money in, they should have […]

Google’s parent company Alphabet is in talks to invest in Indian e-commerce company Flipkart alongside Walmart, according to two people familiar with the deal. Walmart announced on Tuesday it would take a 77 percent stake in the company for $16 billion. Of that $16 billion, $2 billion was “new equity funding” intended to spur growth. […]

Photos: Economist Nouriel Roubini, best known for predicting the financial crisis, piled on his recent criticism of cryptocurrencies Thursday, saying they create “chaos” and confusion in the payments world. “It’s totally inefficient. It’s never going to work,” Roubini said Thursday at the Fluidity Summit in Brooklyn. “You are going to the world of the Flintstones […]

One month ago, the market looked to CNBC’s Jim Cramer like it was riddled with fear and volatility. But three recent earnings reports changed the whole landscape. “It all started with three days in tech,” the “Mad Money” host said on Thursday. “Facebook, Amazon and Apple reported and everything began to turn around.” Before earnings […]

Working with competitors has helped Dropbox grow, said Drew Houston, co-founder and CEO of the company. “Some of our larger competitors have become partners,” Houston told Deirdre Bosa on “Closing Bell” Thursday. He listed partnerships with Microsoft, Google and Salesforce. “A lot of these competitors have become partners because their customers have their information in […]

[The stream is slated to start at about 5:25 p.m. ET. Please refresh the page if you do not see a player above at that time.] SpaceX is set to launch Thursday evening from Florida, flying an enhanced version of its Falcon 9 rocket for the first time. Elon Musk‘s rocket company will begin the […]

The nucleus of Amazon’s effort to upend the health-care market may very well be the Echo device in your living room. According to an internal document obtained by CNBC, Amazon has built a team within its Alexa voice-assistant division called “health & wellness,” which includes over a dozen people and is being led by Rachel […]

Tech investor Tim Draper called Facebook founder and CEO Mark Zuckerberg a “total hero” Thursday and said the government is “trying to beat [Facebook] down.” “I think it’s a huge mistake because Zuckerberg should be a model, an icon, somebody that we should all be looking up to and aspiring to be,” Draper told CNBC’s […]

Google’s former design ethicist Tristan Harris developed a presentation five years ago that warned people inside Google of five human psychology vulnerabilities that tech products were too often exploiting. The presentation is called “A Call to Minimize Distraction & Respect Users’ Attention” and it suggests that tech firms are abusing our natural psychological weaknesses to […]

Venture capital investor Tim Draper defended Theranos CEO Elizabeth Holmes on Thursday, despite the total collapse of the formerly heralded start-up. “I feel we have taken down another great icon,” Draper said on CNBC’s “Closing Bell.” The founder and managing director of Draper Fisher Jurvetson, who was an early investor in Theranos, called the start-up […]