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☆ Spotify shares fall on revenue miss and weak guidance
▼ + stars: | 2023-07-25 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Shares of Spotify fell 7% in premarket trading Tuesday after the company released second-quarter results that missed analysts' estimates for revenue and offered weaker-than-expected guidance. The company said it expects to report total revenue of 3.3 billion euros for its third quarter, down from the 3.4 billion euros expected by analysts according to StreetAccount. It had also expected a revenue of 3.2 billion euros and to post 217 million paid subscribers in the quarter. Spotify posted a net loss of 302 million euros, an increase from the 125 million-euro loss it posted in the year-ago quarter. Spotify said in its report Tuesday that the price increases are expected to have "minimal impact" on the company's total revenue in the third quarter.

Organizations: Spotify, Revenue Locations: U.S

☆ Spotify increases prices for its premium subscription plans
▼ + stars: | 2023-07-24 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Spotify on Monday announced it will increase the price of its Premium subscription offerings as much as $2, which translates to a 20% increase for some plans. In the U.S., Spotify's Premium Individual offering now costs $10.99, up from $9.99, and the price of its Premium Duo plan changed to $14.99, up from $12.99. The company's Premium Family plan is now priced at $16.99, up from $15.99, and the Student offering costs $5.99, up from $4.99. Spotify is also increasing prices across several other countries, including Canada, France, the U.K., Mexico and Australia. "As we continue to grow our platform, we are updating our Premium prices so that we can keep innovating in changing market conditions," the company wrote on its website.

Organizations: Spotify, Monday Locations: U.S, Canada, France, Mexico, Australia

In this photo illustration, Elon Musk's new Twitter avatar "White X on black background" is displayed on a mobile phone with Twitter little blue birds logo in the background. Twitter is undergoing a major rebrand after owner Elon Musk announced that the platform would officially become "X" over the weekend, and CEO Linda Yaccarino addressed the change in a memo Monday that applauded employees for their hard work. The transition from Twitter to X reflects a step toward Musk's goal to turn the platform into what he has called an "everything app." Going forward, she wrote, X will continue to develop experiences in video, audio, messaging, banking and payments that will "delight" users. "Please don't take this moment for granted," Yaccarino wrote.

Persons: Elon, Elon Musk, Linda Yaccarino, CNBC's Sara Eisen, Yaccarino, X Organizations: Twitter

☆ Elon Musk rebrands Twitter to 'X,' replaces iconic bird logo
▼ + stars: | 2023-07-24 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Twitter owner Elon Musk officially changed the company's famous bird logo to an "X" on Monday as part of a sweeping rebrand he announced on the social media site over the weekend. The transition from Twitter to X reflects Musk's vision to turn the platform into what he has called an "everything app." Twitter CEO Linda Yaccarino wrote in a post Sunday that X will be "centered in audio, video, messaging, payments/banking." The company first began its transition to X in April, when the name of Twitter Inc. changed to X Corp., according to court filings. He shared a photo of the X logo projected onto the company's headquarters Monday.

Persons: Elon Musk, adieu, Linda Yaccarino, Musk Organizations: Twitter, Twitter Inc, X Corp, SpaceX, Musk's, Confinity, PayPal Locations: Warsaw, Poland

☆ Shutterstock shares pop as company expands partnership with OpenAI
▼ + stars: | 2023-07-11 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Shutterstock chief technology officer James Chou (C) rings the opening bell at the New York Stock Exchange on February 14, 2014 in New York City. Shares of Shutterstock popped 10% Tuesday after the company announced an expanded, six-year partnership with ChatGPT-maker OpenAI. Shutterstock will continue to leverage OpenAI's text-to-image generation and allow customers to use "synthetic editing capabilities" to alter any image in the Shutterstock library. Shutterstock began its strategic partnership with OpenAI in 2021. In October 2022, the company announced it would begin to bring OpenAI's image generation capabilities to its customers.

Persons: James Chou, Shutterstock Organizations: New York Stock Exchange, ChatGPT, Meta, OpenAI Locations: New York City

☆ Activision Blizzard stock surges 10% after judge rules on Microsoft deal
▼ + stars: | 2023-07-11 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Shares of Activision Blizzard closed up 10% on Tuesday after a judge denied the Federal Trade Commission's motion for a preliminary injunction to stop Microsoft from acquiring the video game maker. Activision Blizzard's stock reached a 52-week high of $92.91 per share, and the move reflects the biggest jump for the video game publisher since the deal was first announced on Jan. 18, 2022. Activision Blizzard shares hit their highest close since July 2021. Microsoft agreed to buy Activision Blizzard for $68.7 billion, or $95 per share, but the acquisition has faced opposition in the U.S. and abroad over concerns that it could stifle competition. The FTC can now bring the decision to the U.S. Court of Appeals for the 9th Circuit, and Microsoft and Activision Blizzard must find a way forward to resolve opposition from the Competition and Markets Authority in the United Kingdom.

Persons: Jacqueline Scott Corley, Bobby Kotick, — CNBC's Jordan Novet Organizations: Activision Blizzard, Federal, Microsoft, Activision, Jan, U.S, Northern, Northern District of, Court, FTC, U.S ., Appeals, Circuit, Competition, Markets Authority Locations: U.S, Northern District, Northern District of California, United Kingdom

☆ Twitter traffic is 'tanking' as Meta's Threads hits 100 million users
▼ + stars: | 2023-07-10 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

In this photo illustration, the Threads logo by META is displayed on a smartphone with Twitter logo in the background. User traffic on Twitter has slowed since the launch of Meta 's text-based platform Threads, which has already surpassed 100 million sign-ups since its debut last week. "Threads reached 100 million sign ups over the weekend. The company said Twitter's web traffic is down 11% compared with the same days in 2022. Threads reached the 100 million milestone even faster than OpenAI's generative chatbot ChatGPT, which surpassed 100 million monthly users in two months.

Persons: Adam Mosseri, Mark Zuckerberg, Twitter, Matthew Prince, Similarweb, Mosseri, Elon Musk, Alex Spiro, Zuckerberg Organizations: Meta, Twitter Locations: U.S, Europe

☆ Yellen had a 'constructive visit' to China with opportunities for 'more frequent contacts' in the future, she says
▼ + stars: | 2023-07-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

U.S. Treasury Secretary Janet Yellen arrived in Beijing on July 6, 2023, for her first visit under the Biden administration. For instance, just days before Yellen's visit, Beijing slapped export curbs on chipmaking metals and compounds. Yellen said China is also taking steps to address concerns about a slowing economy, and that there are opportunities for American businesses to profit. But even so, she said national security remains a priority for the U.S."China has an enormous market. "But there are areas where national security really demands that the most advanced technologies with military applications, we need to withhold to protect our own national security.

Persons: Janet Yellen, Biden, Antony Blinken's, Joe Biden, Xi Jinping, Yellen, Yellen's, who've, — CNBC's Clement Tan Organizations: Treasury, APEC, CBS, China's Ministry of Commerce, U.S Locations: Beijing, China, U.S, New Delhi, San Francisco, Bali, Europe

☆ U.S. soccer star Megan Rapinoe announces retirement
▼ + stars: | 2023-07-08 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

United States soccer player Megan Rapinoe announced Saturday she will retire from the sport at the end of the 2023 National Women's Soccer League season. A decorated and beloved player, Rapinoe has scored 63 career goals with 73 assists. She won gold at the Olympic Games in 2012 and is a two-time World Cup champion. Her performance at the 2019 World Cup earned her the Best FIFA Women's Player 2019 and the 2019 Ballon d'Or Féminin. Rapinoe will play in her final World Cup this summer and finish the season with her long-time club OL Reign.

Persons: Megan Rapinoe, Rapinoe, I've, we've Organizations: Auguste, Women's Soccer League, Olympic Games, FIFA, . Soccer Locations: United States, France, Spain, USA, Delaune, Reims

☆ How to sign up for Threads, Meta's new Twitter competitor
▼ + stars: | 2023-07-05 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

The logo of Threads is displayed on a mobile phone screen in front of a computer screen displaying the logo of Instagram in Ankara, Turkiye on July 04, 2023. Meta will officially release Threads, its text-based Twitter competitor, on Thursday, but for those who want to get ahead of the launch, there's a way to access your invitation now. The rate limits drove users to competing apps like Bluesky, the app backed by Twitter co-founder Jack Dorsey, which experienced "record-high traffic" on Saturday. Although the app is set to launch in the U.S. on Thursday, users based in the EU will reportedly have to wait. Open the Instagram app, search "Threads"Open the Instagram app and open the Explore page by clicking the magnifying glass icon in the bottom left.

Persons: Elon Musk, Jack Dorsey Organizations: Meta, Facebook, Twitter, EU Locations: Ankara, Turkiye, U.S

☆ Authors sue OpenAI, allege their books were used to train ChatGPT without their consent
▼ + stars: | 2023-07-05 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Two authors filed a lawsuit against OpenAI last week alleging that their copyrighted books were used to train the company's artificial intelligence chatbot, ChatGPT, without their consent. They allege the summaries are "only possible" if ChatGPT was trained on their books, which would be a violation of copyright law. OpenAI doesn't reveal what precise data was used for training ChatGPT, but the company said it generally crawled the web, including the use of archived books and Wikipedia. The complaint references exhibits of the summaries that ChatGPT generated, and it notes that the chatbot gets some things wrong. "At no point did ChatGPT reproduce any of the copyright management information Plaintiffs included with their published works," the complaint said.

Persons: OpenAI, Paul Tremblay, Mona Awad, ChatGPT, Tremblay, Awad, Sam Altman Organizations: Microsoft, San Locations: San Francisco, San Francisco federal

☆ Bluesky experiences 'record-high traffic' after Elon Musk imposes rate limits on Twitter
▼ + stars: | 2023-07-03 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Twitter competitor Bluesky said it experienced "record-high traffic" Saturday after Elon Musk, Twitter's executive chairman and CTO, said the site will temporarily limit the number of posts users can read per day. Musk wrote in a tweet that due to "extreme levels of data scraping" and "system manipulation," verified accounts, unverified accounts and new unverified accounts will be subject to limits on the social media site. Musk changed the limits several times on Saturday, at one point announcing that verified accounts could view 10,000 posts a day, while unverified accounts could view 1,000 and new unverified accounts could view 500. As a result, people have been turning to Bluesky, an emerging text-based social media site backed by Twitter co-founder Jack Dorsey. The decentralized messaging app Mastodon attracted significant interest in November, and social media giant Meta previously confirmed to CNBC that it was "exploring a standalone decentralized social network for sharing text updates."

Persons: Bluesky, Elon Musk, Musk, Jack Dorsey, Twitter, Dorsey, Jay Graber, —, Jonathan Vanian Organizations: Twitter, CNBC, Google, Meta

☆ Tesla reported 466,140 deliveries for the second quarter, and production of 479,700 vehicles
▼ + stars: | 2023-07-02 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

The second quarter of 2023 marked the fifth period in a row when Tesla reported a higher level of vehicles produced compared to deliveries. During the second quarter of last year, Tesla reported 254,695 deliveries, and in the first quarter of 2023, Tesla reported 422,875 deliveries. During the second quarter of 2022, Tesla produced 258,580 vehicles and last quarter it produced 440,808 vehicles. About 96% of the deliveries Tesla reported in the second quarter of 2023 were of its Model Y crossover, and Model 3 entry-level sedan in this quarter. The company said, in a statement, it will post financial results for the second quarter after the market close on Wednesday, July 19, 2023.

Persons: Tesla, TroyTeslike, Elon, Piper Sandler, Alexander E, Potter, Price, Musk, Narendra Modi, — CNBC's Ashley Capoot Organizations: Tesla, Elon, FactSet, Semi, India, Twitter, SpaceX Locations: Austin , Texas, U.S, China, Fremont , California, Shanghai, Brandenburg, Germany, Berlin, Sparks , Nevada, Monterrey, Mexico, New York, India, North America

☆ Thousands of users report problems accessing Twitter
▼ + stars: | 2023-07-01 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Thousands of users reported problems as they tried to access Twitter Saturday, marking the latest widespread outage since Tesla and SpaceX CEO Elon Musk acquired the social media site late last year. Many users who tried to access or post content on Twitter's website or mobile app were met with a "Rate limit exceeded" or "Cannot retrieve tweets" error message. ET, more than 7,300 people reported issues with Twitter to the website Downdetector. Other outages coincided with reports of a data center closure and massive layoffs at Twitter, which Musk claimed were necessary for the financial health of the company. CORRECTION: This article has been updated to show that Elon Musk is no longer CEO of Twitter.

Persons: Elon Musk, Musk Organizations: Twitter, SpaceX

☆ OpenAI-powered app from Microsoft is coming to Epic Systems to help save doctors time
▼ + stars: | 2023-06-27 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Microsoft's speech recognition subsidiary Nuance Communications on Tuesday announced its AI-powered clinical notes application is coming to Epic Systems to help reduce physicians' administrative workloads. Epic is a health care software company that helps hospitals and other health systems store, share and access electronic health records. More than 500,000 physicians and 306 million patients across the globe use Epic's offerings, and the company has long-standing partnerships with both Microsoft and Nuance. Nuance told CNBC Tuesday that integrating its latest solution, Dragon Ambient eXperience (DAX) Express, into Epic is a "major step" toward that goal. "The last thing they want to do is pajama time," Peter Durlach, chief strategy officer at Nuance told CNBC in an interview Tuesday.

Persons: DAX, Garrett Adams, Peter Durlach, Adams, Durlach Organizations: Microsoft Corp, Tuesday, Epic Systems, Microsoft, CNBC, American Medical Association, DAX Express Locations: Lisbon, Portugal, U.S, HIPAA

☆ Meta launches VR subscription service that costs $7.99 a month
▼ + stars: | 2023-06-26 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Meta on Monday announced a virtual reality subscription service called Meta Quest+ that will give users access to two new games each month. Meta Quest+ costs $7.99 a month and is compatible with the Quest 2, the Quest Pro and the upcoming Quest 3. The subscription service marks Meta's latest effort to generate recurring revenue from its Reality Labs unit, which is developing virtual reality and augmented reality technologies. New games will launch for Meta Quest+ subscribers on the first of each month. Meta Quest+ is available in the Meta Quest Store starting Monday.

Organizations: Monday, Meta, Quest Pro, Reality Labs, Meta Quest

☆ IBM to acquire software company Apptio for $4.6 billion
▼ + stars: | 2023-06-26 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

IBM CEO Arvind Krishna speaks at a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. IBM on Monday announced it will acquire the software company Apptio from Vista Equity Partners for $4.6 billion. IBM said in a release that Apptio will help it advance its application management, optimization and observability offerings. "Technology is changing business at a rate and pace we've never seen before," IBM CEO Arvind Krishna said in the release. Apptio will be acquired with cash, and IBM said the deal is expected to close in the latter half of this year.

Persons: Arvind Krishna, Apptio, we've Organizations: Economic, IBM, Monday, Vista Equity Partners, Microsoft, Google Locations: Davos, Switzerland

☆ Rebellion in Russia reveals 'cracks' in Putin's regime, Secretary Blinken says
▼ + stars: | 2023-06-25 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

U.S. Secretary of State Antony Blinken said much remains unknown about the chaos that unfolded in Russia on Saturday, but that the internal clash exposed "cracks" in the nation that "weren't there before." Prigozhin has played a central role in Russia's invasion of Ukraine, so his departure could ultimately change the course of the war. And though his rebellion was short-lived, it marked the most serious challenge to Putin's regime in decades. "This is just an added chapter to a very, very bad book that Putin has written for Russia," Blinken told CNN's "State of the Union" Sunday. Blinken said Prigozhin has been responsible for "horrible brutality" in Ukraine, and that in many ways, Prigozhin is Putin's direct creation.

Persons: Antony Blinken, Vladimir Putin, Yevgeny Prigozhin, Putin, Wagner, Prigozhin, Dmitry Peskov, Peskov, Blinken, CNN's, Prigozhin's Organizations: Wagner, Union Locations: Russia, Rostov, Moscow, Belarus, Ukraine, U.S

☆ Neuralink competitor Precision Neuroscience conducts its first clinical study to map human brain signals
▼ + stars: | 2023-06-23 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

He was standing in a busy operating room in West Virginia, waiting for a surgeon to place Precision Neuroscience's neural implant system onto a conscious patient's brain for the first time. In seconds, a real-time, high-resolution rendering of the patient's brain activity washed over a screen. According to Precision, the system had provided the highest resolution picture of human thought ever recorded. The company's flagship BCI system, the Layer 7 Cortical Interface, is an electrode array resembling a piece of scotch tape. Since the technology worked as expected, future studies will explore further applications in clinical and behavioral contexts, Mermel said.

Persons: Craig Mermel, Mermel, Elon, Blackrock Neurotech Organizations: Precision, CNBC, Neuralink, Neuroscience, BCI, Blackrock Locations: West Virginia, Paradromics

☆ Mature content comes to Roblox for users aged 17 and up
▼ + stars: | 2023-06-20 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Roblox on Tuesday announced eligible creators can build experiences featuring some mature content and storylines for users 17 and older. Roblox previously supported experiences for users aged nine and up, users aged 13 and up and some with no age restrictions. The company said the new offerings for users aged 17 and up will become available to eligible users in the coming weeks. Users will only be able to create or view the new content if they verify their age on Roblox by uploading both a selfie and a photo of their government-issued ID. Shares of Roblox are up around 44% year to date, while the Nasdaq is up around 31% for the same period.

Persons: Roblox Organizations: New York Stock Exchange, Tuesday, Nasdaq Locations: New York

Several Republican 2024 presidential hopefuls criticized Donald Trump Sunday as the former president faces 37 federal counts for allegedly hoarding documents after he left the White House. "He's a petulant child when someone disagrees with him," Christie told CNN's "State of the Union" Sunday. Presidential hopeful and former Vice President Mike Pence said it is "premature" to say whether or not he would pardon Trump were he to be convicted. "All we know is what the president has been accused of in the indictment," Pence told NBC's "Meet the Press" Sunday. But Trump had a supporter on Sunday in Republican presidential candidate Vivek Ramaswamy who has said the former president should be pardoned if convicted.

Persons: Mike Pence, Donald Trump, Trump, —, Bill Barr, John Kelly, Chris Christie, Christie, CNN's, Pence, NBC's, Joe Biden, Asa Hutchinson, Hutchinson, I'm, Vivek Ramaswamy, Ramaswamy, Martin Luther King Jr Organizations: Republican, Donald Trump Sunday, White, Former New Jersey Gov, Union, Sunday, Press, Republican National, Arkansas Republican, Federal Bureau of, Fox, Civil Locations: Ankeny , Iowa, United States, Arkansas

☆ How Palantir is helping hospitals with tasks that used to require spreadsheets and whiteboards
▼ + stars: | 2023-06-17 | by ( Ashley Capoot | ) www.cnbc.com time to read: +11 min

In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNTThe Cleveland Clinic in Cleveland, Ohio, U.S., on Saturday, Nov. 14, 2020. The Cleveland Clinic was in the midst of trying new AI-powered software from Palantir . But by accurately predicting patient discharges, Palantir's system saved Pappas, her team and the emergency department a lot of time and effort. Palantir partnered with two health-care systems, Cleveland Clinic and Tampa General Hospital in Florida, during the summer of 2021 to develop software called Palantir for Hospital Operations. Zoom In Icon Arrows pointing outwards Schedule review within Palantir for Hospital Operations Palantir

Persons: Dustin Franz, Rita Pappas, Pappas, —, Palantir, Shyam Sankar, Sankar, Alex Karp, Dr, Peggy Duggan, Drew Goldstein, Jeremy David, Palantir Drew Goldstein, Palantir's, I'm, David, Goldstein, whiteboards, Drew didn't, They've Organizations: Cleveland Clinic, Ohio Department of Health, Bloomberg, Getty Images Bloomberg, Getty, Cleveland, CNBC, Tampa General Hospital, Hospital Operations, U.S, Intelligence, Hospital Operations Palantir Nurses, American Medical Association . Companies, Tampa General, Cleveland Clinic's, Microsoft Locations: Cleveland , Ohio, U.S, Ohio, Tampa, Florida, Palantir, Florida and Ohio

☆ New in-ear device promises to predict fainting, help understand dizziness and brain fog
▼ + stars: | 2023-06-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Digital health startup STAT Health has designed a device to help people better understand why they're experiencing symptoms like dizziness, fainting and brain fog. STAT Health on Tuesday announced its new in-ear wearable, the STAT, which measures blood flow to the head. Users can track their metrics in an app on their cellphone and glean insights into how their lifestyle choices affect their symptoms. "This population, a lot of doctors actually can't measure that anything is necessarily wrong with them," Lee told CNBC in an interview. Lee said the STAT will help give patients access to real-time insights to help them decide when they can push themselves, and when they should take it easy.

Persons: Daniel Lee, Lee, They're, it's, there's Organizations: Tuesday, American College of Cardiology, STAT, CNBC

☆ Illumina announces CEO transition plan as Francis deSouza resigns
▼ + stars: | 2023-06-11 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Illumina on Sunday announced its board of directors has accepted the resignation of CEO Francis deSouza, just weeks after activist investor Carl Icahn failed to oust him from the biotech company. "It has been the privilege of a lifetime to serve Illumina," deSouza said in the release. Similarly, in an open letter to Illumina shareholders in April, Icahn accused deSouza of "desperately, hilariously and, most of all, unsuccessfully" trying to spin "decidedly mediocre" quarterly results during a press tour. In late May, Icahn had urged shareholders to vote off deSouza and Chairman John Thompson from the nine-member board. Shareholders booted Thompson, but deSouza held onto his role until Sunday.

Persons: Francis deSouza, Illumina, Carl Icahn, Charles Dadswell, Illumina's, DeSouza's, deSouza, Icahn, John Thompson, Thompson Organizations: Illumina Inc, Economic, Sunday Locations: Davos, Switzerland, Illumina

☆ Trump indictment is 'very, very damning,' his former attorney general says
▼ + stars: | 2023-06-11 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Former U.S. President and Republican presidential candidate Donald Trump applauds as he attends the North Carolina Republican Party convention in Greensboro, North Carolina, U.S. June 10, 2023. After a 37-count criminal indictment against Donald Trump was unsealed Friday, Trump's former Attorney General Bill Barr said there is trouble ahead for the 2024 Republican presidential hopeful. "If even half of it is true, then he's toast," Barr told "Fox News Sunday." Many Republicans, including presidential candidate Vivek Ramaswamy, have rallied around Trump in the wake of the indictment. "Former President Trump has no one to blame but himself for being federally, criminally indicted," he told ABC's "This Week."

Persons: Donald Trump applauds, Donald Trump, Trump's, Bill Barr, Barr, Trump, Vivek Ramaswamy, Ramaswamy, CNN's, Jim Jordan, CNN's Dana Bash, Jordan, Sen, Chris Coons, ABC's Organizations: U.S, Republican, North Carolina Republican Party, Fox, Lago, Mar, Trump, Union, Sunday, Ohio Republican, Democratic Locations: Greensboro , North Carolina, U.S, Florida, Miami, United States, Palm Beach , Florida, Delaware

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