Chinese e-commerce giant Alibaba is back on track to be a top market player after a period of pressure, co-founder Joe Tsai told CNBC's Emily Tan in an exclusive interview Friday.Questions about Alibaba's future have mounted after a series of internal changes, a scrapped cloud computing IPO and competition for...
Year: 2024
Mark Cuban got the idea for a $5.7 billion business in a California Pizza Kitchen
Some ideas are born on Ivy League campuses. Others, at a California Pizza Kitchen.That's where Mark Cuban and his college friend Todd Wagner were in 1995, eating lunch and talking about Indiana University basketball. They lived in Dallas, and had to listen to games on the phone with someone physically...
Intuitive Machines lands on the moon in historic first for a U.S. company
The IM-1 lander "Odysseus" in lunar orbit on Feb. 21, 2024.Intuitive MachinesA U.S. company has gone to the moon – and into the history books.Intuitive Machines IM-1 mission reached the moon's surface on Thursday evening, in the first American lunar landing since the Apollo era.The company's Nova-C cargo lander, named...
Reddit will let users buy its IPO, but warns that they could make the stock riskier
Reddit logosDado Ruvic | ReutersReddit's initial public offering will include a quirk that allows some of its most active users to buy the stock. That could make the deal riskier for other investors.On Thursday afternoon, the social media company's S-1 filing revealed that some Reddit moderators and other users would...
Block shares surge as much as 14% after company announces surprise profit
Jack Dorsey, co-founder and chief executive officer of Twitter Inc. and Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesBlock stock rose as much as 14% in extended trading Thursday after the payments company reported fourth-quarter...