big tech

Microsoft Corp (NASDAQ: MSFT) has roped in rival Amazon.com Inc’s (NASDAQ: AMZN) top cloud executive Charlie Bell weeks after the industry veteran left his position at the e-commerce company.  What Happened: Bell, who left Amazon recently, is now listed by Microsoft as a...

Privacy whistleblower Edward Snowden has criticized Apple Inc.’s (NASDAQ: AAPL) controversial plan to scan users’ iPhones for child sexual abuse material (CSAM), saying that the tech giant has “declared war” on users’ privacy. What Happened: “Apple’s new...

Apple Inc (NASDAQ: AAPL) is set to create a program focused on making security improvements across its technology supply chains as the iPhone maker and fellow tech giants double down on cybersecurity, CNBC reported Wednesday. What Happened: The increased commitment of tech giants comes after they...

Shares of Alibaba Group Holding Limited (NYSE: BABA) pared early gains and traded lower in Hong Kong on Wednesday, while Chinese electric vehicle makers Li Auto Inc. (NASDAQ: LI) and Xpeng Inc. (NYSE: XPEV), as well as e-commerce company JD.com Inc. (NASDAQ: JD), extended gains from the...

Apple Inc. (NASDAQ: AAPL) CEO Tim Cook has donated more than $10 million in the iPhone maker’s stock to an undisclosed charity. What Happened: Cook has donated a total of 70,000 shares in Apple on Friday, worth $10.4 million, based on Apple’s closing stock price of $...

Facebook Inc.’s (NASDAQ: FB) recent launch of the Horizon Workrooms app appears to be part of the social media giant’s efforts to “own the next generation of internet experiences,” according to Cathie Wood-led Ark Invest. What Happened: Ark analyst Nick Grous noted...

Employees of Apple Inc (NASDAQ: AAPL) have launched a website to collate stories from fellow workers who may have experienced harassment or discrimination. What Happened: The website — AppleToo, first noted on the Verge — was launched by the workers who want to organize and...

Amazon.com Inc (NASDAQ: AMZN) CEO Andy Jassy is among key Big Tech executives who will meet President Joe Biden at a White House meeting on Wednesday to discuss efforts to boost the country’s critical defenses against cyber threats, Reuters reported on Tuesday, citing a source.  What...

Alibaba Group Holding Ltd’s (NYSE: BABA) shares traded 5% higher at press time in Hong Kong. What’s Moving: Shares of the Jack Ma-led e-commerce to data center conglomerate traded 5% higher at HKD 159.70 )($20.50) in Hong Kong. Alibaba shares hit an intraday high of HKD 160.70 ($20.63)...

The Qraft AI-Enhanced US Large Cap ETF (NYSE: QRFT) has revealed that it has less holdings in “big tech” companies such as Microsoft Corp. (NASDAQ: MSFT), Apple Inc. (NASDAQ: AAPL), Amazon.com Inc. (NASDAQ: AMZN) and Facebook Inc. (NASDAQ: FB), in comparison to the SDPDR S&P 500 ETF...

Elliott Investment Management sold Tesla Inc (NASDAQ: TSLA) convertible notes worth $620 million, bought more than $240 million in Twitter Inc (NYSE: TWTR) and exited Facebook Inc (NASDAQ: FB) during the second quarter, regulatory filings revealed on Tuesday. The Trades: The New York-...

Tokyo-based SoftBank Group (OTC: SFTBY) sold nearly $14 billion worth of listed stocks last quarter. What Happened: The investment group shed nearly $3.5 billion in Facebook Inc (NASDAQ: FB) and $2.9 billion in Uber Technologies Inc (NYSE: UBER). The Masayoshi Son-founded SoftBank Group also...

Ontario Teachers’ Pension Plan has significantly raised its exposure in Netflix Inc (NASDAQ: NFLX), Microsoft Corp (NASDAQ: MSFT) and Walt Disney Co (NYSE: DIS), regulatory filings revealed on Friday. What Happened: The largest Canadian investment management firm with $221.2 billion in...

Investment management firm Primecap Management that manages assets worth over $148.84 billion, significantly raised its exposure in the Chinese electric vehicle maker Xpeng Inc (NYSE: XPEV) and also added Alibaba Holdings (NYSE: BABA) during the second quarter, regulatory filings revealed on...

Will Cathcart, the head of Facebook Inc.’s (NASDAQ: FB) WhatsApp instant messaging app, said that Apple Inc.’s (NASDAQ: AAPL) approach to tackling child sexual abuse is “wrong” and “very concerning.” What Happened: Cathcart took to Twitter to criticize Apple...