This photo of a production version of Tesla’s Model Y was included in the company’s Q4 2019 earnings report. Tesla Tesla has refunded customers who they charged twice for new vehicle purchases made at the end of the first quarter, CNBC has learned. The refunds followed CNBC’s reporting on the […]
TECHONOLOGY
Uber announces $250 million stimulus to bring back drivers
Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber said Wednesday it will spend $250 million on a one-time stimulus aimed at getting drivers back on the road, as states begin to pull […]
Apple Find My network opens to third-party accessories
Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference (WWDC) at Steve Jobs Theater in Cupertino, California. Brooks Kraft/Apple Inc/Handout via Reuters iPhones will soon be able to track lost items using a built-in app called Find My, Apple announced on Wednesday. The first […]
AmEx acquisition of online lender Kabbage hurt PPP borrowers
Close-up of logo for finance company Kabbage on paper on a light wooden surface, June 13, 2019. Smith Collection/Gado | Archive Photos | Getty Images When the pandemic shut down Dawn Lindsay’s family carpet cleaning business last year, the U.S. government’s paycheck protection program provided a brief but essential lifeline. […]
Amazon’s Twitch says it will now punish users for certain harmful offline behavior
Attendees walk past televisions showing live streams of Twitch Interactive’s video service during the E3 Electronic Entertainment Expo in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images Twitch, the Amazon-owned video streaming platform primarily used by gamers to livestream their games, announced a new policy Wednesday empowering the […]
YouTube is social media’s big winner during the pandemic
Susan Wojcicki, chief executive officer of YouTube. David Paul Morris | Bloomberg | Getty Images YouTube saw the most significant growth of any social media app among American users during the pandemic, the Pew Research Center reported Wednesday. The Google-owned video service saw usage grow from 73% of U.S. adults […]
Digital ad spend grew 12% in 2020 despite hit from pandemic
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Despite an initial falloff due to the Covid pandemic, digital advertising spending grew 12.2% year over year in 2020, according to a new report commissioned by the Interactive […]
Budweiser urges people to get Covid vaccine in new ad
Budweiser’s “Good Times are Coming” ad. YouTube Several brands are pushing consumers to get the Covid-19 vaccine with ads touting a similar message: Get the shot, so we can get back to normal. Most recently, Budweiser released an ad Wednesday called “Good Times are Coming.” It features still photographs of […]
Deliveroo shares push higher as retail investors start trading
A Deliveroo courier rides along Regent Street delivering takeaway food in central London during Covid-19 Tier 4 restrictions. Pietro Recchia | SOPA Images | LightRocket via Getty Images LONDON — Shares of Amazon-backed food delivery firm Deliveroo climbed by around 3% on Wednesday morning as retail investors started trading the […]
Warren Buffett-backed BYD sells more electric cars March vs Nio Xpeng
Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Chinese automaker BYD sold more than twice as many battery-powered electric cars as start-up Nio delivered in March. BYD, which is backed […]