SINGAPORE — Southeast Asia’s online marketplace Carousell will explore all options to grow the business, which includes a likely initial public offering, co-founder and CEO Quek Siu Rui told CNBC on Monday. Last week, Carousell said it raised $100 million in fresh funds that valued the company at more than a billion dollars, making it
Technology
SpaceX CEO Elon Musk poses with the crew before launch on September 15, 2021. John Kraus / Inspiration4 After SpaceX completed a historic, private spaceflight on Saturday, CEO Elon Musk took a pot shot at President Joe Biden who had yet to remark on the company’s and the civilian flight crew’s accomplishments. One of Musk’s
In this article TSLA Electric vehicle maker Tesla is poised to expand its controversial FSD Beta program with a long-awaited download button that would allow customers to get new, unfinished versions of the company’s driver assistance software to test on public roads even though that software hasn’t been debugged yet. Tesla CEO Elon Musk, who
In this article T VZ TMUS Rafael Abdrakhmanov | iStock | Getty Images From fake social security calls to scammers impersonating Apple or Amazon, anyone with a cellphone or landline is no stranger to robocalls. For decades, robocall scammers have graced phones and voicemails across the nation. Between June 2020 and 2021 these scams affected
Elizabeth Holmes, CEO of Theranos, attends a panel discussion during the Clinton Global Initiative’s annual meeting in New York, September 29, 2015. Brendan McDermid | Reuters SAN JOSE, CALIF. – A former Theranos scientist testified Friday that Elizabeth Holmes pressured her to validate blood test results from the company’s Edison machine to speed up a
In this article FB A Senate panel plans to bring tech executives back to Capitol Hill following a revealing report from The Wall Street Journal about the impact of Facebook’s Instagram platform on teens’ mental health. Sen. Marsha Blackburn, R-Tenn., ranking member of the Senate Commerce subcommittee on consumer protection, announced the hearing in an
In this article GOOGL 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 As a part of a recent reorganization within Google Cloud, CEO Thomas Kurian sidelined multiple tenured company veterans — one way he’s is
Apple CEO Tim Cook attends the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images At Apple’s annual launch event this week, it revealed new iPhones, iPads and Apple Watches, all of which were refinements of previous models. What Apple didn’t release, however, was a
In this article GOOGL Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. The conference brings together industry experts to discuss the future of cloud computing. Michael Short | Bloomberg | Getty Images Google Cloud
In this article AMZN Amazon employees load boxes with orders at the company’s fulfillment center ahead of Cyber Monday in Tracy, Calif. David Paul Morris | Bloomberg | Getty Images Amazon plans to hold a beauty products event in October in an effort to lure early holiday shoppers and boost the company’s position in a
In this article AMZN Deliveroo LONDON – Amazon announced Wednesday its first major tie up with U.K. food delivery firm Deliveroo since it invested in the company two years ago, offering Prime customers free delivery on takeout orders over a certain amount for a year. Millions of Amazon Prime members in the U.K. and Ireland
Elizabeth Holmes, founder and CEO of Theranos, arrives at the federal courthouse for jury selection in her trial, Tuesday, Aug. 31, 2021, in San Jose, Calif. Nic Coury | AP SAN JOSE, Calif. — In public, Elizabeth Holmes was dubbed the next Steve Jobs on the cover of Inc. magazine in 2015, but in private
In this article 9984.T-JP WeWork Executive Chairman Marcelo Claure during an interview with Andrew Ross Sorkin at WeWork headquarters in New York City on February 10, 2020. David A. Grogan | CNBC SoftBank Group is committing $3 billion to kickstart a second fund focused on investing in start-ups in Latin America, the Japanese tech conglomerate
In this article GOOGL The logo of Google Play is seen on a screen. Alexander Pohl | NurPhoto | Getty Images Wall Street analysts on Monday began to provide early reactions into how a recent ruling in Epic’s lawsuit against Apple might impact Google. On Sept. 10, a judge ruled Apple can’t prohibit developers from
In this article BABA The Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Jan. 20, 2021. Qilai Shen | Bloomberg | Getty Images Beijing plans to break up Ant Group’s Alipay and create a separate app for the fintech giant’s loans business, according to a Financial Times report on Monday. Regulators previously ordered Ant
In this article FB Facebook CEO Mark Zuckerberg Chesnot | Getty Images News | Getty Images Facebook this week announced a $100 million commitment to a program that supports small businesses owned by women and minorities by buying up their outstanding invoices. By buying up outstanding invoices, the Facebook Invoice Fast Track program puts money
In this article CRM Marc Benioff, Chairman and CEO of Salesforce.com speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galica | CNBC Salesforce told thousands of employees in a Slack message on Friday that if they and their families are concerned about the ability to access reproductive care in the
In this article AAPL Tim Cook, chief executive officer of Apple Inc., center, arrives at U.S. district court in Oakland, California, on Friday, May 21, 2021. Nina Riggio | Bloomberg | Getty Images Apple prevailed on nine of 10 counts in its trial against Epic Games on Friday, but federal Judge Yvonne Gonzalez Rogers issued
Judge Yvonne Gonzalez Rogers handed down a decision in a closely-watched trial between Apple and Epic Games on Friday. Rogers issued an injunction that said that Apple will no longer be allowed to prohibit developers from providing links or other communications that direct users away from Apple in-app purchasing, of which it takes 15% to
In this article AMZN Dallas Cowboys wide receiver Brandon Smith during the game between the Dallas Cowboys and the Jacksonville Jaguars Matthew Pearce | Icon Sportswire | Getty Images Amazon is in talks to acquire the rights for the National Football League’s “Sunday Ticket” package and is seen as the front-runner by others involved in