UK minister tells Meta ‘rebranding doesn’t work,’ vows to fast-track criminal sanctions for Big Tech execs

LONDON — A top U.K. official has slammed Meta, the company formerly known as Facebook, for its rebrand, and promised to bring forward criminal sanctions for social media bosses under new laws tackling harmful content on the web. “Rebranding doesn’t work,” Nadine Dorries, Britain’s minister for digital, culture, media and sport, told lawmakers Thursday at… Continue reading UK minister tells Meta ‘rebranding doesn’t work,’ vows to fast-track criminal sanctions for Big Tech execs

SunPower falls short on revenue, still weighing options for commercial solar business

SunPower shares dipped as much as 6% after the company reported third-quarter revenues that came shy of expectations and did not announce a buyer for its commercial and industrial business. Wednesday’s results come after the company announced restructuring plans in October aimed at doubling down on the residential market. As part of that, SunPower acquired… Continue reading SunPower falls short on revenue, still weighing options for commercial solar business

This 29-year-old book predicted the ‘metaverse’ — and some of Facebook’s plans are eerily similar

By changing Facebook’s name to Meta, Mark Zuckerberg has made it clear he thinks the future of the internet lies in something called the “metaverse,” a virtual world where people will live, work and play. It’s a futuristic idea — but the term’s origin actually comes from the past. Almost 30 years ago, in fact.… Continue reading This 29-year-old book predicted the ‘metaverse’ — and some of Facebook’s plans are eerily similar

BMW’s fully electric car sales on track to double this year, but still way short of Tesla

The BMW Group’s sales of fully electric vehicles grew by 121.4% in the first nine months of 2021, hitting 59,688 units, with the German carmaker stating Wednesday that electric mobility was “becoming an increasingly vital growth driver and success factor” for the company. In total, the Munich-headquartered firm sold 231,575 all-electric and plug-in hybrid vehicles… Continue reading BMW’s fully electric car sales on track to double this year, but still way short of Tesla

The chip industry has a colossal carbon footprint that needs to be tamed

Computer chips may be in short supply, but the semiconductor industry’s carbon emissions are plentiful. The little pieces of silicon are vital in today’s technology-driven economies, but their impact on the planet isn’t always positive. Vast amounts of energy are required to manufacture the chips that lie beneath the hood of a whole manner of… Continue reading The chip industry has a colossal carbon footprint that needs to be tamed

Squid Game’ crypto token cost one Shanghai investor his life savings of $28,000 after coin plunged to near zero

When Bernard heard about a token named after the popular South Korean Netflix series “Squid Game,” which chronicles the lives of cash-strapped adults who play in a deadly tournament for a big jackpot, he did a quick scan on Google to see if the coin was legit. After catching headlines – but before reading the… Continue reading Squid Game’ crypto token cost one Shanghai investor his life savings of $28,000 after coin plunged to near zero

Founder of TikTok owner ByteDance steps down as chairman as Chinese tech execs quit day-to-day roles

GUANGZHOU, China — ByteDance founder Zhang Yiming has stepped down as chairman, as the company continues to reorganize its business, a person with direct knowledge of the matter told CNBC. ByteDance owns TikTok, the wildly popular short-video app. Zhang announced his resignation as the CEO of ByteDance in May and said he would move into… Continue reading Founder of TikTok owner ByteDance steps down as chairman as Chinese tech execs quit day-to-day roles

Former Google CEO sounds skeptical that Facebook will build the metaverse

Former Google CEO Eric Schmidt sounded skeptical on Tuesday that Meta, formerly known as Facebook, will succeed at building the metaverse. “I look forward to excellent innovation in the metaverse,” Schmidt told “Squawk Box” on Tuesday. “I’ve been waiting for about thirty years … As to whether Facebook will build that, I don’t know.” Schmidt… Continue reading Former Google CEO sounds skeptical that Facebook will build the metaverse

ByteDance CFO steps down to focus on role as TikTok CEO as part of major reorganization

GUANGZHOU, China — TikTok owner ByteDance’s finance chief will step down to focus on his role as CEO of the short video app, according to an internal memo obtained by CNBC. Shou Zi Chew joined ByteDance as CFO from smartphone maker Xiaomi in March, sparking speculation the company could be on track for an initial… Continue reading ByteDance CFO steps down to focus on role as TikTok CEO as part of major reorganization

Amazon lifts mask mandate for fully vaccinated warehouse workers

Amazon is rolling back its mask requirement for fully vaccinated warehouse workers. Starting Tuesday, fully vaccinated operations employees in the U.S. will no longer be required to wear a face covering at work, unless mandated by state or local law, according to a notice Amazon sent to workers Friday that was viewed by CNBC. “Vaccines… Continue reading Amazon lifts mask mandate for fully vaccinated warehouse workers