A new report by the New York City Comptroller directly links the explosion of Airbnb rentals to rising rents in the Big Apple. The report charges Airbnb with costing renters $616 million in additional rent in 2016 alone, and disproportionately burdening neighborhoods with higher concentrations of Airbnb rentals. “For years, New Yorkers have felt the […]
Read moreFacebook has been hammered by investors, politicians and consumer groups over its handling of user data in the seven weeks since the Cambridge Analytica scandal surfaced. In response, the company has placed greater restrictions on partners, taking away their ability to access information on where photos were tagged as well as the names and biographies […]
Read moreTwitter said on Thursday that it found a bug in how it stores passwords, which meant they weren’t scrambled to protect them from attack. tweet Twitter said it hashes passwords so that they’re stored as a random mix of numbers and letters. It discovered password logs where the passwords hadn’t been hashed, however. “Due to […]
Read moreShort-seller Mark Spiegel believes Tesla will suffer from new competition in the electric car market. The noted skeptic of the electric car maker reiterated his bearish stance on the company saying his speech “almost seems redundant” after Musk’s bizarre conference call performance last night. “Tesla is still a zero,” he said at the Kase Learning: […]
Read moreElon Musk is acting like he’ll never need to raise capital again. Musk’s behavior on a Tesla conference call on Wednesday raises questions about Musk’s relationship with the investors who have bought equity from the company year after year, including those who think Tesla may need to return to markets in the not-so-distant future. Musk […]
Read moreYou can now store payment information and buy products directly inside the Instagram app, the company confirmed to CNBC Thursday. The payment feature appears under Settings in the app, with an option to add debit or credit card information, track previous payments and set a pin for extra security. (TechCrunch first reported the Instagram update […]
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Activision Blizzard shares suddenly fell 5 percent early Thursday afternoon before trading was halted. The stock resumed trading around 3:30 p.m. ET and initially spiked more than 1 percent, but subsequently dropped 2 percent. At 1:05 p.m. ET, Dow Jones ran a few headlines about the gaming company’s earnings. The stock initially popped before turning […]
Read moreThe technology sector is an area of risk in the stock market despite it drawing strong interest on Wall Street, an RBC Capital Markets investment strategist told CNBC on Thursday. “And I do think you’ve got to see some other major sectors take over the leadership,” said Lori Calvasina, head of U.S. equity strategy at […]
Read moreBernstein analyst Toni Sacconaghi, one of the analysts Elon Musk cut off on a Tesla earnings call Wednesday night, said the CEO’s behavior could be seen as a “worrisome sign.” “This is a financial analyst call, this is not a TED talk,” Sacconaghi told CNBC on “Halftime Report” on Thursday. Musk interrupted a question Sacconaghi […]
Read moreI reviewed the iPhone X for CNBC on Oct. 31 and then bought one when it hit store shelves on three days later. It’s been exactly six months since then and, while the Apple iPhone X bothers me sometimes, it’s still the best phone you can buy. In my review I praised the screen as […]
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