CNBC Tech - Gaming

Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.

  1. Meta plunges 16% on weak revenue guidance even as first-quarter results top estimates

    Meta beat on the top and bottom lines in its earnings report on Wednesday, but the stock sank on disappointing guidance.

  2. Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions

    AI startup Synthesia on Thursday announced the launch of its "Expressive Avatars," AI-generated digital avatars that can convey human emotions.

  3. Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand

    This comes after SK Hynix posted net losses for five consecutive quarters from a slump in the memory chip market.

  4. Amazon aggregator Thrasio loses CEO, other top execs as company works through bankruptcy

    Thrasio, an early leader in the Amazon aggregator space, is undergoing an overhaul of its C-Suite two months after the company entered bankruptcy.

  5. Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash

    Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.

  6. Rubrik prices IPO at $32 per share, above the expected range

    Rubrik is hitting the market at a historically slow time for venture-backed tech IPOs.

  7. Meta's Reality Labs posts $3.85 billion loss in first quarter

    Mark Zuckerberg's bet on the metaverse continues to be a money-bleeding endeavor, with the unit reporting billions of dollars in losses every quarter.

  8. IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss

    IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.

  9. TikTok creators fear for their livelihoods after U.S. lawmakers pass bill that could lead to ban

    A TikTok ban could take years due to potential legal challenges, but creators worry about how they'll make a living if it goes away.

  10. Tesla surges after Elon Musk says new affordable EV models coming

    Tesla shares surged 12% on Wednesday after CEO Elon Musk said the company plans to produce new affordable EV models by early 2025.

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