Tech

Snowflake shares surged more than 110% in its market debut on the New York Stock Exchange on Wednesday, in the largest ever software IPO.  Stock began trading at $245 per share, before being briefly halted due to volatility. Snowflake on Tuesday priced shares at $120, higher than the $100 to $110 range it estimated on Monday, and a huge bump from

CEO Tim Cook waves while arriving on stage during a previous Apple Worldwide Developers Conference (WWDC) in San Jose, California. David Paul Morris | Bloomberg | Getty Images Apple will launch new products during a streamed event from its Cupertino, California, campus on Tuesday. Apple’s product launch event starts at 1 p.m. ET and CNBC

Snowflake CEO Frank Slootman Snowflake Snowflake, a provider of cloud-based data storage and analysis software, priced its IPO above its increased range in an offering that values the company at $33.3 billion. Snowflake is selling 28 million shares at $120 a piece, according to a person familiar with the matter who asked not to be

Oracle Executive Chairman of the Board and Chief Technology Officer, Larry Ellison Kimberly White | Getty Images Approval of Oracle’s deal to become a “trusted technology provider” for ByteDance’s TikTok will be announced on Tuesday afternoon, CNBC’s Jim Cramer reported. A source familiar with the matter later confirmed to CNBC’s Eamon Javers that a decision could

TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Dado Ruvic | Reuters SINGAPORE — Douyin, the Chinese version of the popular short-video sharing app TikTok, hit 600 million daily active users as of August, parent-company ByteDance said Tuesday.  Over 22 million creators made

Snowflake CEO Frank Slootman, far right, addresses the team at an all-hands meeting. Courtesy of Snowflake Data storage software company Snowflake has raised its estimated IPO price by around 30% since last week, according to an updated S-1 filing Monday. Snowflake’s IPO is on track to be one of the most popular debuts in a flurry of

Oracle on Monday confirmed it has struck a deal with ByteDance, the Chinese owner of trendy video-sharing app TikTok, weeks after the Trump administration ordered a TikTok divestiture in the U.S. The deal proposal still needs approval from the U.S. government. “Oracle confirms Secretary Mnuchin’s statement that it is part of the proposal submitted by ByteDance

Satya Nadella, chief executive officer of Microsoft Corp., pauses during a Bloomberg event on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 21, 2020. Simon Dawson | Bloomberg | Getty Images Microsoft said Sunday that the Chinese owner of social video app TikTok had chosen not to sell

Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference (WWDC) at Steve Jobs Theater in Cupertino, California. Brooks Kraft/Apple Inc/Handout via Reuters For Apple investors, the most exciting product the company could release this fall isn’t a new version of the iPhone or Apple Watch: It’s a bundle that

Police and local officials on the West Coast are battling multiple raging fires. They’re also fighting a wave of misinformation from false rumors spread in neighborhood Facebook groups and on far-right websites that antifa activists were setting the blazes. At least six groups have issued warnings about the false rumors, including some pleading with the

BALTIMORE, MARYLAND – NOVEMBER 17: Quarterback Lamar Jackson #8 of the Baltimore Ravens reacts after throwing a touchdown pass to tight end Mark Andrews #89 of the Baltimore Ravens (not pictured) against the Houston Texans during the second quarter at M&T Bank Stadium on November 17, 2019 in Baltimore, Maryland. (Photo by Patrick Smith/Getty Images)

The Purple Air air-quality map on Friday Sept. 11, 2020, shows most of the west coast with hazardous levels of pollution from wildfire smoke. Screenshot As record-breaking fires wreak havoc on the Western United States, they’re also releasing massive amounts of smoke and ash into the atmosphere, adding to the region’s health woes. To find

An antenna for a satellite ground station Amazon Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications Commission last month The effort shows how the two largest providers of cloud infrastructure — data centers in

Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Josh Edelson | AFP | Getty Images Apple revised its App Store guidelines on Friday ahead of the release of iOS 14, the latest version of the iPhone operating

Unity CEO John Riccitiello speaks onstage during Day 1 of TechCrunch Disrupt SF 2018 at Moscone Center on September 5, 2018 in San Francisco, California. Steve Jennings | TechCrunch | Getty Images With Silicon Valley’s tech workers stuck inside amid the dueling crises of the coronavirus pandemic and raging wildfires across California, the industry is

Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to workout from home during the coronavirus pandemic.  The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its bikes

Oracle CEO Safra Catz delivers a keynote address during the Oracle OpenWorld conference on September 17, 2019 in San Francisco. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. Justin Sullivan | Getty Images News | Getty Images Oracle shares rose as much as 6% in extended

You get two big screen inside the Surface Duo. Todd Haselton | CNBC Microsoft and Samsung are betting that future phones look different than they do now. Samsung’s betting on foldable screens inside phones that can open up to work like a tablet. Microsoft’s testing the waters with the Surface Duo, which looks like a

Alexander Karp, CEO of Palantir Technologies Inc. Getty Images As Palantir gears up for its stock market debut, the company has a long way to go to convince potential shareholders that it’s worth the $20 billion price tag that investors gave it almost five years ago. Palantir held a virtual event for investors on Wednesday.

Nikol Szymul staffs a reception desk at Amazon offices discretely tucked into a building called Fiona in downtown Seattle, Washington on May 11, 2017. Getty Images The coronavirus pandemic has wreaked havoc on the U.S. jobs market, spurring layoffs, hiring slowdowns and record unemployment rates, but Amazon‘s latest hiring announcement tells a different story.   Amazon