Pinterest CEO Ben Silbermann is stepping down and the stock is up

Ben Silbermann, CEO and Co-Founder of Pinterest. Horacio Villalobos | Getty Images Longtime Pinterest CEO Ben Silbermann is stepping down, the company announced Tuesday. Shares jumped more than 5% in after-hours trading. Bill Ready, who was previously in charge of Google’s commerce business, is taking over the helm, effective Wednesday. Prior to joining Google, Ready was executive vice president and chief operating officer of PayPal. Pinterest has more than 400 million monthly active users and has long placed its focus on its advertising business. But in recent years, it has…

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Qualcomm stock jumps after analyst predicts Apple will use its modems for 2023 iPhone

Qualcomm president and CEO Cristiano Amon speaks about Qualcomm’s technology for automakers at a news conference during CES 2022 in Las Vegas, Nevada, January 4, 2022. Steve Marcus | Reuters Qualcomm shares climbed more than 5% on Tuesday after a prominent analyst said Apple is likely to use the company’s 5G modems for its 2023 iPhones rather that relying on technology built in-house. “My latest survey indicates that Apple’s own iPhone 5G modem chip development may have failed, so Qualcomm will remain exclusive supplier for 5G chips of 2H23 new…

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Airbnb makes its party ban permanent

CEO, Co-Founder – Airbnb Brian Chesky attends The Cannes Lions 2016 on June 20, 2016 in Cannes, France. (Photo by Richard Bord/Getty Images) Richard Bord | Getty Images Entertainment | Getty Images Airbnb on Tuesday announced a global ban on parties, following a temporary restriction it put in place two years ago. The company is permanently banning “disruptive parties and events,” which include open-invite gatherings. “Party houses,” which people book to throw a large event for just one night, will stay banned as well. Airbnb and other short-term rental platforms,…

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NASA begins return to the moon with low-cost CAPSTONE mission, launched by Rocket Lab

The company’s Electron rocket carrying the CAPSTONE mission lifts off from New Zealand on June 28, 2022. Rocket Lab Rocket Lab launched a small spacecraft bound for the moon from its New Zealand facility early Tuesday, a mission that represents firsts for both the company and the National Aeronautics and Space Administration. The company’s Electron rocket carried a special version of its Photon satellite platform, which is carrying a 55-pound, microwave oven-sized spacecraft called CAPSTONE. “Perfect Electron launch!” Rocket Lab CEO Peter Beck tweeted Tuesday. CAPSTONE, an acronym for “Cislunar…

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Recruiters say the tech job market is still red-hot, despite isolated layoffs and cautious words from execs

A ‘We’re Hiring!’ sign is displayed at a Starbucks Mario Tama | Getty Images News | Getty Images Last week, senior product manager for Coinbase David Hong wrote on LinkedIn that he was up at 4am to prepare for a meeting when his company MacBook abruptly shut down. He later found out he was part of the nearly 20% of the company was being laid off from what the company’s CEO called a looming recession. “When I joined Coinbase, I accepted that working in this industry would be risky,” Hong…

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Google memo on end of Roe v. Wade says employees may apply to relocate ‘without justification’

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Google sent a companywide email Friday about the historic Supreme Court ruling overturning Roe v. Wade, explaining employees in affected states can apply for relocation without explaining why. “This is a profound change for the country that deeply effects so many of us, especially women,” wrote Google Chief People officer Fiona Cicconi in an email…

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Apple responds to Roe v. Wade rollback, company benefits cover out-of-state travel for reproductive care

An aerial view of Apple Park is seen in Cupertino, California, United States on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Apple employees can use their company benefits to travel out-of-state to receive medical care, the company confirmed on Friday. The benefit has been available to employees for over 10 years, the company said. The statement comes as corporations around the country, including Alphabet, Amazon, and Meta are committing to pay for employees to travel to receive abortions if they are in states where it is…

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Roe v. Wade overturned: Here’s how tech companies and internet users can protect privacy

SENSITIVE MATERIAL. THIS IMAGE MAY OFFEND OR DISTURB Abortion rights protesters participate in nationwide demonstrations following the leaked Supreme Court opinion suggesting the possibility of overturning the Roe v. Wade abortion rights decision, in New York City, U.S., May 14, 2022. Caitlin Ochs | Reuters The Supreme Court’s decision on Friday to roll back the right to receive an abortion raises new questions about whether and how tech companies should protect the information of users seeking reproductive healthcare. Tech companies may have to contend with issues about user privacy related…

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Zendesk to be acquired by investor group for $10.2 billion

Zendesk co-founder and CEO Mikkel Svane Eric Piermont | AFP | Getty Images Customer experience software company Zendesk agreed to be acquired by an investor group in an all-cash transaction valuing it around $10.2 billion, the company announced on Friday. The deal, led by investment firms Permira and Hellman & Friedman, will give shareholders $77.50 per share, a premium of about 34% over the company’s closing stock price on Thursday, according to the release. Shares were up about 30% during premarket trading. The investment firms plan to take Zendesk private…

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Intel warns Ohio factory could be delayed because Congress is dragging its feet on funding

Patrick Gelsinger, Intel CEO, at the WEF in Davos, Switzerland on May 23rd. 2022. Adam Galica | CNBC A large chip factory currently in the early stages of being built outside of Columbus, Ohio, could see its scope scaled back or construction delayed depending on what Congress does with the CHIPS Act, Intel said in a statement on Thursday. The facility was announced in January and would be the most significant expansion of U.S.-based semiconductor manufacturing in years. Intel estimated the plant could cost as much as $100 billion and…

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