Technology

Bret Taylor will be co-CEO alongside Marc Benioff, who built Salesforce into one of the world’s largest enterprise software companies. Taylor was quickly promoted at Salesforce after the company acquired his productivity software start-up Quip in 2019. Taylor has been a prominent voice on earnings calls and played a key role in Salesforce’s Slack acquisition.
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Salesforce reported fiscal third-quarter earnings on Tuesday. Salesforce named Bret Taylor to be co-CEO alongside current CEO Mark Benioff. Salesforce said earnings per share for the December quarter would be between 72 and 73 cents, lower than Refinitiv analyst expectations of 81 cents. Salesforce reported fiscal third-quarter earnings on Tuesday for the period ending Oct.
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Microsoft shareholders voted for the proposal, backed by Arjuna Capital, at the company’s annual general meeting. The move comes after a board-level investigation into co-founder Bill Gates’ activities almost two decades earlier. Microsoft shareholders on Tuesday approved a proposal asking the board to publish a report on the effectiveness of its workplace sexual harassment policies
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Elon Musk described a dire situation with SpaceX’s development of Raptor rocket engines the day after Thanksgiving in a company-wide email, a copy of which was obtained by CNBC. “The Raptor production crisis is much worse than it seemed a few weeks ago,” Musk wrote. Raptor engines power the company’s Starship rocket, with Musk adding
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Defense attorneys wrapped up their questioning of Theranos founder Elizabeth Holmes on Monday, her fourth day on the stand. Holmes gave emotional testimony, accusing Theranos ex-president Ramesh “Sunny” Balwani of physical and psychological abuse. Prosecutors now get their opportunity to cross-examine Holmes, who is facing 11 counts of wire fraud and conspiracy to commit wire
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Parag Agrawal, Twitter’s incoming CEO, is an engineer who worked his way up over the past decade to become the company’s technology chief. Agrawal has been Jack Dorsey’s closest partner in thinking about the future of the Twitter platform and decentralizing social media, a former company executive told CNBC. “He’s been my choice for some
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On Friday, Tesla CEO Elon Musk urged employees to focus on “minimizing cost of deliveries,” rather than expediting deliveries of cars to customers to hit end-of-quarter goals. Tesla has generally ramped up deliveries of cars to customers at the end of each quarter. Now, Tesla and other automakers are facing parts shortages, port constraints and
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Scores of activists from Extinction Rebellion locked themselves to one another and assembled structures outside Amazon’s distribution sites. Their aim is to disrupt Amazon on one of the busiest shopping days of the year. Protests also took place outside Amazon warehouses in the Netherlands and Germany. Protestors from the Extinction Rebellion movement blockaded Amazon distribution
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ASML is the only firm in the world capable of making the highly-complex machines that are needed to manufacture the most advanced chips. These EUV machines, which cost approximately $140 million each, are sold to a handful chipmakers giants including TSMC, Samsung and Intel. The machines shine exceptionally narrow beams of light onto silicon wafers
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HP shares jumped 8% in extended trading Tuesday after the computer hardware maker reported better-than-expected quarterly results. HP CEO Enrique Lores told CNBC’s Jim Cramer the company is prioritizing its commercial clients due to better margins. Shares of HP were up more than 8% in extended trading Tuesday after the computer hardware maker reported better-than-expected
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Tesla will spend at least $1.06 billion on a new vehicle factory in Austin, Texas, according to public filings. Construction on facilities intended for body work, stamping, casting, painting, and full vehicle assembly are scheduled to be completed by Dec. 31. The permits show that Tesla’s previously announced expansion on the edge of the Colorado
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Rocket Lab CEO Peter Beck has dramatically changed his tune on reusing rockets, a practice made increasingly popular by Elon Musk’s SpaceX. “I think anybody who’s not developing a reusable launch vehicle at this point in time is developing a dead-end product because it’s just so obvious that this is a fundamental approach that has
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Elon Musk’s SpaceX is set to launch a first-of-its-kind planetary defense mission for NASA in the early hours of Wednesday morning. “We’re smashing into an asteroid,” NASA’s Launch Services Program senior launch director Omar Baez said. The mission is known as the Double Asteroid Redirection Test (or DART). NASA is trying to learn how to
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Technology companies doing business with China or U.S. adversaries need to reveal why, Palantir CEO Alex Karp told CNBC’s “Squawk Box” on Tuesday. The comments from Karp come as more tech companies pull out of the country amid harsher internet censorship. Technology companies doing business with China or U.S. adversaries need to justify their position,
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The Match, a made-for-TV golf game, will pit PGA Tour rivals Bryson DeChambeau and Brooks Koepka against one another. Turner Sports has been playing up the feud between the golfers that began in 2019 and escalated earlier this year. “I think they’ve leaned into the idea of having some fun with this,” said Craig Barry,
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WatchBox, a secondary marketplace for watches, attracted Michael Jordan and Giannis Antetokounmpo, as well as other athletes, in a financing round that values the company at close to $1 billion. The company said it’s on track to generate $300 million in revenue in 2021. Demand is soaring for luxury watches from companies including Rolex, Patek,
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