Skip to Content

CNN – Social Media/Technology

Amazon stock plunges as growth slows

By Rishi Iyengar, CNN Business Amazon’s stock plummeted after the company reported on Thursday slowing growth and higher costs in its latest quarter and offered a disappointing revenue outlook. The tech giant said revenue grew 7% from the same period last year to $116.4 billion, slightly beating analyst forecasts but slower than the 9% growth

Continue Reading

Samsung profits soar 50% on chip sales

By Michelle Toh, CNN Business Samsung reported strong results on Thursday, with profits for the first quarter climbing more than 50% compared to the same time a year ago. The South Korean tech giant pulled in 77.8 trillion Korean won ($61.3 billion) in revenue and 14.1 trillion Korean won ($11.1 billion) in operating profit, roughly

Continue Reading

Twitter has been focused on ‘healthy conversations.’ Elon Musk could change that

By Sara Ashley O’Brien and Clare Duffy, CNN Business Four years ago, Twitter cofounder and then-CEO Jack Dorsey laid out four key focus areas that would propel the company’s growth. Among them: promoting “healthy conversation” on the platform. After years of criticism for Twitter’s apparent failures to prevent its platform from turning toxic, Dorsey acknowledged

Continue Reading

Elon Musk wants to make Twitter a haven for free speech. That’s raising alarms

By Sara Ashley O’Brien and Clare Duffy, CNN Business Four years ago, Twitter cofounder and then-CEO Jack Dorsey laid out four key focus areas that would propel the company’s growth. Among them: promoting “healthy conversation” on the platform. After years of criticism for Twitter’s apparent failures to prevent its platform from turning toxic, Dorsey acknowledged

Continue Reading

Twitter has been focused on ‘healthy conversations.’ Elon Musk could change that

By Sara Ashley O’Brien and Clare Duffy, CNN Business Four years ago, Twitter cofounder and then-CEO Jack Dorsey laid out four key focus areas that would propel the company’s growth. Among them: promoting “healthy conversation” on the platform. After years of criticism for Twitter’s apparent failures to prevent its platform from turning toxic, Dorsey acknowledged

Continue Reading

Twitter bans ‘misleading’ climate change ads

By Ramishah Maruf, CNN Twitter is banning misleading advertisements that go against the scientific consensus of climate change, the company announced on Friday, which was Earth Day. “We believe that climate denialism shouldn’t be monetized on Twitter, and that misrepresentative ads shouldn’t detract from important conversations about the climate crisis,” Twitter said in a blog

Continue Reading

Amazon to let other online retailers offer Prime delivery service directly on their sites

By Catherine Thorbecke, CNN Business Amazon announced Thursday that it will let third-party merchants offer Prime membership benefits such as free and fast shipping directly to Prime customers through their own online stores rather than solely through the e-commerce giant’s platform. The option, called Buy with Prime, will initially be available by invitation only for

Continue Reading

Amazon to let other online retailers offer Prime delivery service directly on their sites

By Catherine Thorbecke, CNN Business Amazon announced Thursday that it will let third-party merchants offer Prime membership benefits such as free and fast shipping directly to Prime customers through their own online stores rather than solely through the e-commerce giant’s platform. The option, called Buy with Prime, will initially be available by invitation only for

Continue Reading

EU says Apple Pay restrictions may harm competitors

By Brian Fung, CNN Business The European Union is warning Apple about possible antitrust violations after an investigation into the iPhone maker’s dominance in mobile retail payments. The European Commission said Monday that it believes Apple has unfairly blocked competitors from using the wireless communications technology behind Apple Pay’s tap-to-pay capabilities. According to a statement

Continue Reading

Elon Musk offers to buy Twitter

By Chris Isidore and Mark Thompson, CNN Business Elon Musk has made an offer to buy Twitter and take it private, saying he believes the company needs to be “transformed.” According to an SEC filing, Musk has offered to acquire all the shares in Twitter he does not own for $54.20 per share, valuing the

Continue Reading

Elon Musk will not join Twitter’s board

By Rob McLean and Clare Duffy, CNN Business Tesla CEO Elon Musk, who recently became Twitter’s largest individual shareholder, has decided not to join the social media company’s board. Twitter CEO Parag Agrawal tweeted the news Sunday night. “Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning

Continue Reading

Elon Musk offers to buy Twitter

By Chris Isidore and Mark Thompson, CNN Business Elon Musk has made an offer to buy Twitter and take it private, saying he believes the company needs to be “transformed.” According to an SEC filing, Musk has offered to acquire all the shares in Twitter he does not own for $54.20 per share, valuing the

Continue Reading

More than 8 million Cash App Investing customers potentially impacted by data breach linked to former employee

By Catherine Thorbecke, CNN Business More than 8 million Cash App Investing customers may have had personal data compromised after a former employee downloaded internal reports without permission, parent company Block Inc revealed in a regulatory filing earlier this week. The breach solely impacted Cash App Investing users, according to the filing Monday, not the

Continue Reading