CNBC; Getty Images AT&T is in discussions with private-equity firms, including Apollo Management, to sell a significant minority stake in its DirecTV, AT&T Now and U-Verse pay-TV businesses in a complicated transaction that would shift legacy assets off the wireless carrier’s balance sheet, according to people familiar with the matter. Under the terms of the
Technology
Co-founder and CEO of Netflix Reed Hastings attends a red carpet for the Netflix launch at Palazzo Del Ghiaccio on October 22, 2015 in Milan, Italy. Jacopo Raule | Getty Images Tech executives, rich from an 11-year bull market that’s disproportionately benefited their industry, were among the top political donors in the 2020 cycle. The
The founder and CEO of Facebook Mark Zuckerberg speaks during the 56th Munich Security Conference in Munich, southern Germany, on February 15, 2020. Christof Stache | AFP | Getty Images Facebook is gearing up for what could be a wild election night, and this includes providing users with accurate information should any candidate attempt to
A robotic arm developed by Haddington Dynamics. Haddington Dynamics LONDON — Ocado, a British online supermarket, announced Monday that it has acquired two robotics companies in the U.S. as it seeks to make its warehouses more efficient. The company, which also raised its full-year profit forecast, said it has agreed to buy San Francisco-headquartered robotics
The logos of Amazon, Apple, Facebook and Google in a combination photo. Reuters Tech companies had more to report Thursday night than the billions in profits they generated last quarter. They also painted a dire picture of the world as we head into the winter months with Covid-19 cases spiking across the U.S. and Europe,
CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Juan Naharro Gimenez | Getty Images Netflix announced Thursday it will raise prices for U.S. customers. Don’t be surprised if you’re reading the same
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Four years ago, Facebook CEO Mark Zuckerberg called it “a pretty crazy idea” that fake news on Facebook could have influenced the election that handed Donald Trump the presidency. Today, the idea
A man shows AirPods Pro at an Apple store on East Nanjing Road on October 30, 2019 in Shanghai, China. Apple’s new AirPods Pro with active noise cancellation are on sale on October 30 in China. Wang Gang | VCG | Getty Images Apple said on Friday that it’s replacing AirPods Pro headphones that have
Thomas Kurian, CEO of Alphabet’s Google Cloud, speaks at the Google Cloud Next conference in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Google Cloud CEO Thomas Kurian told employees Friday that it received confirmation from the U.S. Customs and Border Patrol that its technology won’t be used for immigration
Apple CEO Tim Cook reveals the new iPhone 12. Source Apple reported earnings on Thursday and investors did not like the results. Apple stock dropped as much 5% in extended trading even though the company beat Wall Street expectations for both profit and revenue. The drop was likely because iPhone revenue came in at $26.4
Netflix on Thursday raised the prices of its standard and premium plans to $13.99 and $17.99 per month, respectively. Prior to Thursday, those plans were priced at $12.99 and $15.00, respectively. Current Netflix customers will see the updated prices on their bill over the next two months, Netflix told CNBC. Customers will get a warning
Brian Roberts, CEO, Comcast David A. Grogan | CNBC Comcast is set to report earnings for its third quarter of 2020 before the bell on Thursday. Here are the key numbers: Earnings per share: 52 cents expected, according to Refinitiv survey of analysts Revenue: $24.74 billion expected, according to Refinitiv High-speed internet customers: 534,000 net adds expected,
(L-R) Amazon’s chief Jeff Bezos, Larry Page of Alphabet, Facebook COO Sheryl Sandberg, Vice President-elect Mike Pence and President-elect Donald Trump at Trump Tower December 14, 2016. Timothy A. Clary | AFP | Getty Images The five most valuable U.S. tech companies all report quarterly earnings this week, marking the last time investors will see
Facebook founder and CEO Mark Zuckerberg in 2013. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images Political advertisers say they’re having trouble with ads that were already approved before Facebook began its planned blackout period for new political ads leading up to the election. Facebook announced last month that it would not accept
President Donald Trump holds a campaign rally at HoverTech International in Allentown, Pennsylvania, October 26, 2020. Saul Loeb | AFP | Getty Images Though Election Day is a week away, President Donald Trump’s campaign appears to have a victory ad ready to go on Facebook. A video in the ad shows the president’s face superimposed
Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Google-owned YouTube will add an elections results label to search queries and videos and on Election Day as a means of addressing potential misinformation surrounding the elections. In a blog
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