Amazon CEO of Worldwide Consumer Dave Clark resigns

Dave Clark, Amazon’s senior vice president of worldwide operations. Lindsey Wasson | Reuters Dave Clark, CEO of Amazon‘s worldwide consumer business and a top lieutenant of CEO Andy Jassy, ​​will resign July 1, after 23 years at the company, Amazon announced in a regulatory filing Friday. Amazon did not name a replacement for Clark. In … Read more

Musk’s Twitter deal faces backlash from advocacy groups

Pavlo Gonchar | light rocket | Getty Images A dozen advocacy groups are launching a new campaign Friday aimed at blocking You’re here CEO Elon Musk’s $44 billion purchase of Twitterwarning he will degrade important safeguards on the platform if he’s allowed to take control. The Stop the Deal campaign, shared exclusively with CNBC, includes … Read more

Sheryl Sandberg’s Facebook stock sales total $1.7 billion since 2012

Sheryl Sandberg leaves Meta as one of the highest-profile and most successful women in tech — and after more than $1.7 billion in stock sales. Sandberg announced Wednesday that she is stepping down from her role as chief operating officer after 14 years at Meta, formerly known as Facebook. Sandberg will remain on the social … Read more

Binance raises $500 million fund to invest in Web3 startups

Binance is the world’s biggest cryptocurrency exchange, handling $490 billion of spot trading volumes in March 2022. Akio Kon | Bloomberg | Getty Images Binance, the world’s largest cryptocurrency exchange, is launching its own venture capital fund. The company’s venture arm, Binance Labs, said Wednesday it has raised $500 million for its debut start-up fund, … Read more

US job market divide boosts some workers’ prospects, puts others on notice

A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt | Getty Images Cracks are forming in the US labor market as some companies look to curb hiring while others are desperate for employees. Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more … Read more

My take on Apple, Amazon, Facebook and Google after Nvidia’s rise

It’s been a great week for the portfolio. Ahead of the long holiday weekend, I know the buzz centers on Nvidia (NVDA) and how this great $465 billion company signaled a sea change when it reported a solid quarter, cut guidance — and shares rallied. That was directly contrary to the pattern before it. I … Read more

Microsoft partners with Kawasaki for industrial metaverse

Microsoft’s HoloLens 2. Andrew Ever | CNBC You may not be ready to jump into the metaverse for fun, but it could be coming to work sooner than you think. Microsoft announced Tuesday that Kawasaki is a new customer for the tech giant’s so-called “industrial metaverse” ⁠— a fancy way of saying factory floor workers … Read more

Analysts name technology stocks to buy after the sell-off

Three analysts share their outlook for tech, with one saying it’s ready for a hard rally, and another naming some “very interesting” stocks in the sector. Chris Watling, chief executive of Longview Economics, said the stock market as whole is “ready to rally.” “We just need a whiff of good news from somewhere to sort … Read more

Buy the dip or time to sell stocks? Here’s what Wall Street experts say

With the recent carnage on Wall Street, CNBC Pro asks strategists and investors what’s next for stocks and where they see pockets of opportunity in the weeks ahead. US stocks briefly fell into bear market on Friday, as the broad-based S&P 500 fell as much as 20.9% from its all-time high in January at one … Read more

Elon Musk has wrong approach to count fakes, spam on Twitter: experts

You’re here CEO Elon Musk feels Twitter shares tumbling on Friday when he said he was going to put his $44 billion acquisition of the social network “on hold” while he researches the proportion of fake and spam accounts on the platform. Though Musk later clarified that he remains committed to the deal, he continued … Read more