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Technology

Twitter finally has a paid subscription product — but it’s only for advertisers

David Paul Morris | Bloomberg | Getty Images Jack Dorsey, co-founder and chief executive officer of Twitter Inc., Twitter has a new business idea: It wants to charge advertisers a monthly fee for the company to handle all of their promoted tweets. That means a business would pay Twitter $99 …

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Apple’s new patent application could move it one step closer to AR glasses

David Paul Morris | Bloomberg | Getty Images Apple CEO Tim Cook speaks during the Worldwide Developers Conference in California, U.S., on June 5, 2017. Yet another patent application by Apple in the buzzing field of augmented reality (AR) came to light Thursday. But according to analysts CNBC spoke to, …

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The back-and-forth trade between bank and tech stocks

Now playing on a quote screen near you: “The Divergent Series: Financials vs. Technology.” Financial and tech stocks – the two largest segments of the market – have been moving in opposition to one another lately to an unusual degree. On a day-by-day basis, when Big Tech has been rallying …

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‘China is everywhere’ in Africa’s rising technology industry

Jose Cendon | Bloomberg | Getty Images Customers sit and use their mobile phones while waiting to board a ferry in Abidjan, Ivory Coast, on August 31, 2015. It’s a match made in business heaven: Chinese technology companies hungry for expansion are diving into the less-developed African continent, where several …

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Amazon Prime Now delivery service appears unavailable in Singapore

Amazon’s first foray into the Southeast Asian market appears to have hit a roadblock. The e-commerce giant launched its express, same-day delivery service, Prime Now, on Thursday morning in Singapore, but by that afternoon the service seemed to have become unusable. Many users in Singapore were unable to select a …

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SpaceX is now one of the world’s most valuable privately held companies

Getty Images | Robyn Beck Elon Musk, founder and CEO of SpaceX The two other closely held companies valued at more than $20 billion are both in China — ride-hailing company Didi Chuxing and consumer electronics maker Xiaomi. SpaceX’s latest funding nearly doubles the valuation of the company, which was …

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Widely followed signal on Street shows tech stocks are rising too fast

We have seen a classic midday dip in the markets Thursday because certain sectors are absurdly overbought, and the volumes have been thin. When bids are very light because there is not a lot of interest in bidding up the market at these prices, very small drops can cascade into …

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Bill Gates’ BEN does product placement in Netflix and Amazon shows

Paul Morigi | Getty Images Kevin Spacey speaks on stage at the portrait unveiling and season 4 premiere of Netflix’s ‘House Of Cards’ at the National Portrait Gallery. Netflix and Amazon shows may not have commercials, but that doesn’t mean they don’t have advertising. Almost all Amazon shows have at …

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Facebook vs Alphabet operating margin

Asa Mathat | ReCode Ruth Porat, CFO of Alphabet, at the 2017 Code Conference on May 31, 2017. Wehner warned analysts on a conference call late Wednesday that the company’s expenses would be higher later this year — even as he lowered the full-year expense forecast range to 40 to …

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Mark Zuckerberg has next 5 years figured out and Facebook stock is cheap

David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Facebook’s co-founder and chief executive, Mark Zuckerberg, looks like he has the next five years planned out, and as a result shares of the social network are cheap, CNBC’s Jim Cramer said Thursday. …

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