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Amazon cuts more than 180 jobs in gaming division
  + stars: | 2023-11-13 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +2 min
Amazon on Monday announced it will cut more than 180 jobs in its Amazon Games division as it refocuses its efforts on Prime Gaming, according to an internal company memo viewed by CNBC. The company will close its Game Growth and Crown Channel initiatives as part of the restructuring. Now, Amazon will focus on upcoming launches such as "Throne and Liberty" and "Blue Protocol," as well as future initiatives such as "Tomb Raider" and "The Lord of the Rings" games, Christoph Hartmann, vice president of Amazon Games, wrote in the memo to employees. The latest job cuts at Amazon come as CEO Andy Jassy has been in cost-cutting mode over the past year as the company has battled high interest rates and inflation. As a result, Amazon has carried out the largest layoffs in its history, cutting 27,000 jobs since last fall.
Persons: Christoph Hartmann, Hartmann, Andy Jassy, Jassy, , Annie Palmer Organizations: Amazon Games, Prime Gaming, CNBC, Crown, Amazon, CNBC PRO
Prenuvo MRI machine Courtesy of PrenuvoWhile celebrating the July Fourth holiday last year on a boat in Tyler, Texas, Dr. Julianne Santarosa received the results from her full-body MRI scan. In addition to full-body scans, Prenuvo offers a head and torso scan for $1,800 and a scan of just the torso for $1,000. Some companies have started offering Prenuvo scans as a perk for employees, which has helped increase access to the technology. Medical experts caution that, in addition to the steep price, full-body MRI scans won't catch everything and aren't meant to replace targeted screenings like colonoscopies and mammograms. He found a radiologist who was offering an early version of a full-body MRI scan.
Persons: Julianne Santarosa, hadn't, she'd, Santarosa, Kim Kardashian, Cindy Crawford, Eric Schmidt, 23andMe, Anne Wojcicki, Tony Fadell, Andrew Lacy, Lacy, it's, Prenuvo, Jasnit, Dr, Kimberly Amrami, Amrami, It's, Prenuvo Lacy, Eduardo Dolhun, Dolhun Organizations: CNBC, Facebook, Google, Nest Labs, Felicis Ventures, U.S . Food, Drug Administration, Association of American Medical Colleges, Columbia University Medical Center, Mayo Clinic Rochester, Mayo Clinic Locations: Tyler , Texas, Prenuvo, Dallas, U.S, Canada, London, Sydney, New York, Los Angeles, Irving, New York City , New York, York, San Francisco, Vancouver, British Columbia
A new health tech startup called Cercle launched Wednesday and announced major global partners and investors, including Meta 's former COO Sheryl Sandberg. Cercle uses artificial intelligence to try and advance women's health, particularly within fertility care. "That's the founding mission behind Cercle, to personalize and contextualize biomedical and genomics information so women can make better, more informed health decisions," Cercle CEO and co-founder Juan Carlos Riveiro said in a release Wednesday. Cercle's lead investors include Sandberg and her husband Tom Bernthal through their new venture fund, Sandberg Bernthal Venture Partners, Cercle announced. Cercle said it will initially focus on fertility care but plans to expand to other areas within women's health.
Persons: Sheryl Sandberg, Juan Carlos Riveiro, Cercle's, Sandberg, Tom Bernthal Organizations: Meta, Sandberg, Venture Partners Locations: personalize
Shares of Roblox popped 17% in premarket trading Wednesday after the company released third-quarter results that beat on top and bottom lines and showed strong user growth. Roblox reported $702 million in bookings in the year-ago quarter. Roblox reported 70.2 million average daily active users, up 20% from a year earlier. The company reported a net loss of $277.2 million for the quarter, which ended Sept. 30. Roblox reported a net loss of $297.8 million for the same period in 2022.
Persons: Roblox Organizations: LSEG Locations: East Asia, Europe
Uber reported third-quarter results Tuesday that missed analysts' expectations on top and bottom lines but showed strength in other areas, like gross bookings, which exceeded the company's guidance from the second quarter. Here's how the company did:Earnings per share: 10 cents vs. 12 cents expected by LSEG, formerly known as Refinitiv. Uber reported adjusted EBITDA of $1.09 billion, up $576 million year-over-year and above the $1.02 billion expected by analysts polled by StreetAccount. Gross bookings for the quarter came in at $35.3 billion, up 21% year over year and above the company's guidance last quarter. The figure is also in line with the $1.28 billion Uber reported last quarter when Khosrowshahi told CNBC freight has remained a challenging spot for the company.
Persons: Uber, Dara Khosrowshahi, StreetAccount, Gross, Khosrowshahi Organizations: GE, Chelsea Industrial, LSEG, Uber, Mobility, CNBC Locations: New York City
DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media)Whitney Wolfe Herd, founder and CEO of the dating app Bumble , is stepping down from her role at the helm of the company early next year. She will be succeeded by Lidiane Jones, CEO of Salesforce's cloud-based messaging platform Slack, on Jan. 2, 2024, according to a company release Monday. She will transition to a new role as executive chair when Jones takes over as CEO. She added that she is "grateful to have the support of my colleagues at Slack and Salesforce."
Persons: POINT, Whitney Wolfe Herd, Bumble, Vox, Jerod Harris, Wolfe Herd, Lidiane Jones, Jones, Slack, Salesforce Organizations: The Ritz, Carlton, Getty, Vox Media, Microsoft, CNBC PRO Locations: CALIFORNIA, Laguna Niguel, Dana Point , California
Apple now has $162.1 billion in cash on hand, according to the company's fiscal fourth-quarter earnings report released Thursday. The figure is below the company's cash pile from its fiscal third quarter of 2023, when it reported $166.5 billion. Apple had around $166.3 billion in cash during its fiscal second quarter in 2023. The company regularly maintains one of the largest cash piles in the U.S.Analysts expected Apple to post its fourth-consecutive quarter of revenue decline Thursday. The company reported $89.50 billion in revenue and $1.46 in earnings per share for its fiscal fourth quarter.
Persons: Tim Cook, Apple, Kif Leswing Organizations: Apple Inc, Apple, U.S, Wall Locations: Cupertino , California
Alex Karp, co-founder and CEO of Palantir arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. Shares of Palantir popped 14% in premarket trading Thursday, after the company released third-quarter earnings that beat analysts' expectations and raised full-year revenue guidance. The company reported a net income of $72 million, or 3 cents per share, compared with a net loss of $123.9 million in the year-ago quarter. Palantir, which is known for its work with the government, said its U.S. commercial customer count increased 37% year over year, growing from 132 customers to 181. In its second quarter, Palantir said it expected $2.212 billion for the full year, above the midpoint of its forecast from May.
Persons: Alex Karp, Palantir, LSEG Organizations: Artificial Intelligence, LSEG Locations: Washington ,
An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn. Shares of Etsy fell more than 4% in extended trading Wednesday after the company released third-quarter results that missed analysts' estimates for revenue, and forecast a decline in gross merchandise sales, or GMS. Etsy reported a net income of $87.9 million, or 64 cents per share, while it reported a net loss of $963.1 million during the same period last year. Etsy said it expects GMS to decline slightly on a year-over-year basis for its fourth quarter. The segment also served as a major sales catalyst during the company's second quarter, as it grew roughly 21% year over year.
Persons: Etsy, Josh Silverman Organizations: LSEG, LSEG Revenue, GMS, Services, Nasdaq, CNBC PRO Locations: Brooklyn, Etsy's, Etsy
The 13-year-old company has introduced a free service called DocDefender that can scrub a physician's personal contact information from the internet. The technology scans dozens of the most common websites where a doctor's information might reside and automatically initiates the removal process. Two months after the workshopping event, Doximity conducted a survey of more than 2,000 doctors and found that 85% of them worry about whether patients will access their personal information online. The service will be available to all doctors on Doximity starting Wednesday, and will expand to nurse practitioners and others over time. 'Opportunity to think very long term' In addition to reaching more than 80% of U.S. doctors, Doximity says it's also used by 50% of nurse practitioners and physician assistants.
Persons: that's, Doximity, Amit Phull, We've, Phull, Jeff Tangney, he's, I've, it's, Azlan Tariq Organizations: New York Stock Exchange, NYSE, CNBC Locations: San Francisco, Doximity, Chicago
Apple plans to introduce a new paid health service alongside a blood pressure sensor and a system for detecting sleep apnea in the Apple Watch next year, according to a report from Bloomberg Wednesday. The paid health coaching service could provide a new area for Apple to develop recurring subscription revenues. Apple's blood pressure sensor will reportedly detect when a user's blood pressure is elevated, though it won't show their exact measurements. There's been speculation for years that Apple will eventually add blood pressure sensing to the Apple Watch. Healthcare companies like Omron also already offer watches that can monitor blood pressure.
Persons: There's, Omron Organizations: Apple Watch, Bloomberg, Apple, Samsung
Shares of ON Semiconductor closed down more than 21% Monday after the company's third-quarter report beat expectations but offered weak guidance for the rest of the year. ON Semiconductor said it expects to report fourth-quarter earnings between $1.13 and $1.27 per share, excluding certain items, which is short of the $1.36 analysts had anticipated. Similarly, the company said revenue will come in between $1.95 billion and $2.05 billion, while Wall Street was expecting $2.18 billion. Analysts at Deutsche Bank said ON Semiconductor's guidance suggests the company has "finally succumbed to macro pressures" such as softening demand for cars. Craig-Hallum analysts said they believe weakening demand for electric vehicles will adversely affect ON Semiconductor in the near term.
Persons: Michael Bloom Organizations: ON Semiconductor, Deutsche Bank, Semiconductor, UAW, Wolfe Research, CNBC
Members of Gen Z take .5 selfies. On platforms like Instagram , for instance, Gen Z users don't favor a perfectly curated feed full of posed and filtered photos. Members of Gen Z take .5 selfies. "I think that's why Gen Z goes insane over the Tube Girl." How to take a .5 selfieA member of Gen Z takes a .5 selfie.
Persons: Gen, Duncan Grant, Rebecca Smith, Rachel Aquino, Gabriel Lesser, Riley Galfi, Galfi, Aidan Bissett, Gen Z, Aquino, it's, I'm, Lesser, Emma Kelly, Annika Kim Constantino, Alix Earle, Emma Chamberlain, Louis Vuitton, Sabrina Bahsoon, Bahsoon Organizations: CNBC, Apple, Pew Research Center, Spotify Locations: New York, London
Shares of Amazon jumped more than 6% Friday after the company released third-quarter earnings that beat analysts' estimates and showed the company's cost-cutting efforts are working. The company's net income more than tripled to $9.9 billion, or 94 cents a share, from $2.9 billion, or 28 cents a share, a year earlier. Amazon reported an operating margin of 7.8%, the highest since it reached a record of 8.2% in the first quarter of 2021. The company's operating margin for the third quarter marks a significant increase over the 2% margin it reported a year ago. Blair analysts said Amazon "handily" beat expectations for the quarter and saw real improvement in operating income growth.
Persons: Andy Jassy, Jassy, Blair, Amazon, Goldman Sachs, — CNBC's Michael Bloom, Annie Palmer Organizations: Amazon, Wall Street, Jefferies, AWS, CNBC
Shares of Meta initially rose after the report but the gains were erased when Meta's finance chief Susan Li warned analysts about unpredictability in the Middle East. As a result of the conflict in Israel, Meta gave fourth-quarter guidance between $36.5 billion to $40 billion. Meta reported $34.15 billion in revenue for the quarter, up 23%, and the fastest rate of growth since 2021. Evercore analysts said "the BIG negative" from the call was that brand advertising demand has slowed as a result of the war. Despite the slowing brand advertising demand, the Evercore analysts said a lot is "working" at Meta.
Persons: Li, Susan Li, Meta, Mark Zuckerberg, Morgan Stanley Organizations: Meta, Facebook, Paley Center For Media, Deutsche Bank Locations: Israel, New York, Ukraine, Meta
Customers ordering an Uber in Phoenix, Arizona, now have the option to take their ride in a fully autonomous vehicle, the company announced in a blog post Thursday. The autonomous Uber rides will be serviced by Waymo vehicles, and rides will be the same price as the traditional car rides Uber offers, an Uber spokesperson told CNBC. Customers who request a ride in an UberX, Uber Comfort, Uber Comfort Electric or Uber Green within Waymo's operating territory could be paired with one of its autonomous cars. People who are eager to try the autonomous rides can also increase the chances of being matched with one if they update their preferences in the app. Uber declined to share how many Waymo cars are being serviced in Pheonix or when it plans to roll out the feature in other cities.
Persons: Uber Organizations: Google, CNBC, Uber Comfort, Uber Locations: Phoenix , Arizona, Pheonix
Weight loss has always been big business, but it's exploded of late due to surging demand for Ozempic, Wegovy and other new diabetes and obesity drugs. "Whether you have five pounds to lose or 100, we want to make sure we're able to help everybody," Sharam Fouladgar-Mercer, Signos' co-founder and CEO, told CNBC in an interview. Fouladgar-Mercer said he created the company in 2018 partly because of his own struggle to manage weight throughout his life. Users can also integrate sleep data, heart rate data, and exercise data from their Apple Watch to personalize their profile even more. Fouladgar-Mercer said Signos can work well alongside Ozempic and Wegovy from Novo Nordisk and other GLP-1 treatments.
Persons: Signos, Mercer, it's, It's, GLP Organizations: Cheyenne Ventures, GV, Google Ventures, Dexcom Ventures, CNBC, Signos, U.S . Food, Drug Administration, Apple Watch, Abbott Laboratories, U.S, Novo Nordisk, Nordisk's Locations: Mercer, Novo, Europe, Fouladgar, America
SpaceX and Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan forum on artificial intelligence at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Shares of Tesla tumbled more than 9% Thursday, a day after the electric automaker released third-quarter results that missed on top and bottom lines. It was the first time Tesla has missed on both earnings and revenue since the second quarter of 2019. "Interestingly, Elon Musk (CEO) dedicated a large amount of time to the broader macro environment and the effects of currently high interest rates," the Bank of America analysts wrote in a Thursday note. "In our opinion, 3Q23 was one of the most cautious Tesla conference calls we've heard in years," the Morgan Stanley analysts wrote.
Persons: Elon Musk, Tesla, Musk, Morgan Stanley, 3Q23, we've, — CNBC's Lora Kolodny, Michael Bloom Organizations: SpaceX, Tesla, U.S, Senate, Capitol, Washington , D.C, Bank of America, Deutsche Bank Locations: Washington ,, Mexico
Amazon begins delivering medications by drone in Texas
  + stars: | 2023-10-18 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +2 min
Amazon Pharmacy customers located in College Station, Texas can now have their prescription medications delivered by drone, the company announced in a blog post Wednesday. Amazon Pharmacy is a full-service pharmacy that patients can access online. In order to be eligible for drone delivery, customers in College Station, Texas will have to sign up for Prime Air and complete a yard survey. Amazon has worked on drone delivery for years, and its efforts have been met with mixed success. But despite internal changes at the company, Amazon said it has successfully delivered "hundreds of household items" to consumers in College Station since late last year.
Persons: Amazon, Andy Jassy Organizations: Amazon Pharmacy, Amazon, Prime Air, Station Locations: College Station, Texas, PillPack
Tim Cook, chief executive officer of Apple Inc., during an event at Apple Park campus in Cupertino, California, US, on Tuesday, Sept. 12, 2023. Top Apple analyst Ming-Chi Kuo said Wednesday that shipments for the company's MacBook computers will decline around 30% year over year, to 17 million units, during 2023. He said demand for the new 15-inch MacBook Air has slipped "significantly" in the wake of the back-to-school shopping period, and that MacBook shipments during Apple's fourth quarter will be lower than they have been in years past. Apple's fourth quarter has historically been important for the company as consumers purchase devices as part of their holiday shopping. He said shipments of the 15-inch MacBook Air are projected to be down more than 20% this year.
Persons: Tim Cook, Ming, Chi Kuo, Apple's, Kuo Organizations: Apple Inc, Apple, Top Apple Locations: Cupertino , California
It's become a popular way to send notes to friends without having to type long messages, especially among Gen Z. Not only is using a digital camera nostalgic, they have sharper flash and crisper image quality than a smartphone. As a result, some members of Gen Z are turning to flip phones. In other words, flip phones are helping Gen Z unplug without going entirely off the grid. Dark modeZoom In Icon Arrows pointing outwards Gen Z uses dark mode instead of light mode.
Persons: Daniel de la, Gen Z's, It's, Gen Z, WhatsApp, Emojis, Z, Gen, Jake Piazza, Zoomers Organizations: Pew Research Center, CNBC, Photodisc, Getty, Media, Walmart, Amazon Locations: TikTok
Instagram chief Adam Mosseri said in a post on Threads that the platform's "biggest safety focus" is "managing content responsibly" around the Israel-Hamas war, adding that the platform is "getting pulled in a lot of directions at once right now." The company has been facing pressure from regulators to be "vigilant" about removing disinformation during the Israel-Hamas war and ahead of upcoming elections. But Meta has also received sharp criticism over its decision to block search results for certain terms on Threads. "The biggest safety focus right now is managing content responsibly given the war in Israel in Gaza," Mosseri wrote. In a blog post published Friday, Meta described the actions it has taken to mitigate content around the Israel-Hamas war since the conflict began.
Persons: Instagram, Adam Mosseri, Meta, Mosseri Organizations: Facebook, Centers for Disease Control, CNBC Locations: Israel, Gaza, Instagram
Apple's iPhone has officially been dethroned from its position as the smartphone market share leader in China, according to a Monday report from Jefferies analysts. But Apple's iPhone has seen a significant, double-digit decline, and its volume growth year over year has been negative since the iPhone 15 launched, according to the analysts. "We believe weak demand in China would eventually lead to lower-than-expected global shipments of iPhone 15 in 2023," the analysts wrote, adding that the trend suggests the iPhone will "lose" to Huawei next year. The analysts noted that resale iPhone 15 devices are all "trading at discounts to official selling prices," which also reflects the weak demand in China. The Morgan Stanley analysts said they will be watching Apple's total revenue, services revenue growth, gross margin and revenue growth in China from its September quarter, but that the December quarter guide "is what will matter most."
Persons: Tim Cook, Morgan Stanley, Apple, Michael Bloom Organizations: Apple, Jefferies, Huawei, Xiaomi Locations: Cupertino , California, China
TikTok CEO Shou Zi Chew prepares to testify before the House Energy and Commerce Committee hearing on TikTok: How Congress Can Safeguard American Data Privacy and Protect Children from Online Harms, on Capitol Hill in Washington, D.C., on March 23, 2023. European regulator Thierry Breton shared a stern letter to TikTok CEO Shou Zi Chew on Thursday, claiming his office has "indications" that the platform is being used to distribute disinformation and illegal content around the ongoing Israel-Hamas war. Breton issued similar letters to X owner Elon Musk and Meta CEO Mark Zuckerberg this week. Under the European Union's newly enacted Digital Services Act, TikTok must monitor and remove illegal content such as terrorist content or illegal hate speech. Failure to comply with the European regulations around illegal content could result in fines worth 6% of a company's annual revenue.
Persons: Shou Zi Chew, Online Harms, Thierry Breton, Breton, Elon Musk, Mark Zuckerberg, TikTok, Chew, Musk, Linda Yaccarino, Zuckerberg Organizations: House Energy, Commerce, Safeguard, Online, Capitol, Washington , D.C, Services, Twitter, Meta, Facebook, CNBC Locations: Washington ,, Israel, Breton
Breton, European commissioner for the internal market, said the European Union has been seeing an increase in illegal content and disinformation on "certain platforms" following the Hamas attack on Israel. Under the EU's newly enacted Digital Services Act, Meta is responsible for monitoring and removing illegal content like terrorist content or illegal hate speech. Failure to comply with the European regulations around illegal content could result in fines worth 6% of a company's annual revenue. "I urgently invite you to ensure that your systems are effective," Breton wrote in the letter, asking Zuckerberg to respond within the next 24 hours. Breton wrote that his office has "indications" that groups are spreading misinformation and "violent and terrorist" content about the Israel-Hamas conflict on the platform.
Persons: Thierry Breton, Mark Zuckerberg, Breton, Zuckerberg, Elon Musk, Musk Organizations: European Union, Meta, Facebook, Twitter, Services, EU, DSA Locations: Israel, Slovakia, Poland, Romania, Austria, Belgium
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