Technology

Nextdoor’s decision to go public through a special purpose acquisition company was largely the result of favorable pricing compared with a traditional IPO, said Bill Gurley, a partner at Benchmark and an early investor in the neighborhood social network. Gurley has been among the most vocal supporters of direct listings, another IPO alternative in which
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In this article ROKU Anthony Wood Stephen Desaulniers | CNBC Roku has built a dominant position as the co-leading streaming video distribution platform in U.S. households, in a near dead-heat with Amazon. The two companies own more than 70% market share, according to research firm Parks Associates. But can Roku maintain its lead over Apple
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In this article FB Facebook CEO Mark Zuckerberg Drew Angerer | Getty Images Morgan Stanley analysts said in a Friday note that Facebook remains the top pick among large-cap social media stocks, with its investments and monetization efforts offsetting any near-term engagement drop-offs as the coronavirus pandemic nears an end. “We remain most positive on
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The Klarna logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images LONDON — Europe’s tech sector has already attracted more venture capital investment so far this year than it did throughout the whole of 2020, according to data shared with CNBC. Start-ups in the continent have raised a whopping
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David Silver, leader of the reinforcement learning research group at DeepMind, being awarded an honorary “ninth dan” professional ranking for AlphaGo. JUNG YEON-JE | AFP | Getty Images Computer scientists are questioning whether DeepMind, the Alphabet-owned U.K. firm that’s widely regarded as one of the world’s premier AI labs, will ever be able to make
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In this article TSLA Elon Musk, the CEO of Tesla. Christophe Gateau/picture alliance via Getty Images Tesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla
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House Speaker Nancy Pelosi (D-CA), holds her weekly press conference in the United States Capitol in Washington, May 13, 2021. Evelyn Hockstein | Reuters The Trump Justice Department’s reported decision to subpoena tech companies for account data of U.S. lawmakers was a step that “goes even beyond Richard Nixon,” House Speaker Nancy Pelosi, D-Calif., said
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System administrator Alexander Landmann carries a server in the computer centre of Deutsche Bahn in Berlin on Oct. 22, 2020. Britta Pedersen | picture alliance | Getty Images Microsoft employees slept in the software company’s data centers during the height of the coronavirus pandemic, an executive said on Wednesday. While many top technology companies directed
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