Jack Dorsey says Square may build a bitcoin mining system, adding to bitcoin price surge

Square CEO Jack Dorsey said late on Friday the company might jump into the bitcoin mining business. Dorsey tweeted that the company is considering a “bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.” The price of bitcoin rose above $62,000 following Dorsey’s string of tweets, as the world’s … Read more

Amazon will let managers decide how often employees come into the office

The Amazon headquarters sits virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon recommended all employees in its Seattle office to work from home, leaving much of downtown nearly void of people. John Moore | Getty Images Amazon is giving its employees more flexibility to work from … Read more

Facebook’s outage has people rethinking how they make money online

Lakinya Francis is building a LinkedIn account, Haley Sanchez is expanding her email list and Michael Elefante plans to build out his website. “We get so fixated on what’s working and that’s fine but we need to have a backup plan, especially when we’re relying so much on technology,” said Francis, who runs a consulting … Read more

Twitter sells MoPub mobile ad network to AppLovin for $1.05 billion

Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Twitter on Wednesday announced the sale of its MoPub mobile advertising network to AppLovin, a game developer … Read more

Facebook whistleblower reveals identity, accuses the platform of a ‘betrayal of democracy’

A Facebook whistleblower who brought internal documents detailing the company’s research to The Wall Street Journal and the U.S. Congress unmasked herself ahead of an interview she gave to “60 Minutes,” which aired Sunday night. Frances Haugen, a former product manager on Facebook’s civic misinformation team, according to her website, revealed herself as the source … Read more

Stocks making the biggest moves midday: Microsoft, Applied Materials, Moderna and more

Internet company Microsoft’s China office building is seen in Shanghai, China, Dec. 8, 2020. Costfoto | Barcroft Media | Getty Images Check out the companies making headlines in midday trading. Tech stocks — Tech stocks dropped as the benchmark 10-year Treasury yield touched a high of 1.567% Tuesday. Twitter fell 4.7%, Microsoft and Google lost … Read more

Facebook exec will testify at Senate hearing after report finds Instagram harms teen mental health

Facebook Head of Global Safety Antigone Davis speaks during a roundtable discussion on cyber safety and technology at the White House March 20, 2018 in Washington, DC. Chip Somodevilla | Getty Images Facebook agreed to send Antigone Davis, global head of safety, to testify before the Senate Commerce subcommittee on consumer protection on Sept. 30, … Read more

Senate will grill tech execs after report that Instagram can harm teens’ mental health

A Senate panel plans to bring tech executives back to Capitol Hill following a revealing report from The Wall Street Journal about the impact of Facebook’s Instagram platform on teens’ mental health. Sen. Marsha Blackburn, R-Tenn., ranking member of the Senate Commerce subcommittee on consumer protection, announced the hearing in an interview on CNBC’s “Closing … Read more

Savings app Acorns hires former Amazon executive as president, says crypto investing is coming

Acorns president David Hijirida Courtesy: Mo Osborne | Acorns Investing and savings app Acorns has hired a former Amazon executive and fintech CEO to lead day-to-day operations ahead of the start-up’s debut as a public company, CNBC has learned. The company is set to announce Wednesday that it named David Hijirida as president, according to … Read more

Goldman Sachs is cautiously optimistic on internet stocks. Here are its favorite picks

The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images There is still room to run for internet stocks that have dominated the market in recent years, but investors should get more selective, according to Goldman Sachs. Source link