Technology

Kylie Jenner Reposts Critique of Instagram: ‘Stop Trying to Be TikTok’

Kylie Jenner, the reality-show celebrity who is the most-followed woman on Instagram, reposted a critique of the app’s redesign that asked it to “stop trying to be TikTok.” “PLEASEEEEEEE,” Jenner commented. Soon after, her famous sister and co-star Kim Kardashian weighed in, sharing the same post with a “PRETTY PLEASE” comment.

Technology

Faraday Future Delays Launch of Debut EV, Warns Cash Is Short

Faraday Future Intelligent Electric Inc. is pushing back the start of production and deliveries of its long-awaited debut vehicle to the “third or fourth quarter of 2022,” and says it needs additional capital to pull off the launch. The Los Angeles-based electric vehicle startup, which went public in a July 2021 merger with a blank-check […]

Technology

Steve Jobs’s Apple-1 Computer Prototype Is on the Auction Block

A rare piece of history from Apple Inc.’s storied early days in Silicon Valley will go to the highest bidder. Steve Jobs’s Apple-1 Computer prototype is being auctioned by Boston-based RR Auction, with current bids at $278,005. Bidding ends on Aug. 18. RR Auction sold the Apple-1 computer in September 2018 for $375,000.

Technology

NXP Semiconductors Gives Bullish Forecast on Industrial and Auto Market Demand

NXP Semiconductors NV, the second-biggest supplier of chips to the automotive industry, gave a strong forecast for the current quarter driven by demand for components used in cars. Third-quarter revenue will be $3.35 billion to $3.5 billion, NXP said Monday in a statement. That compares with an average analyst estimate of $3.32 billion. Gross margin, […]

Technology

Whirlpool Cuts Full-Year Forecast Less Than Feared; Shares Gain

Whirlpool Corp. cut its full-year earnings forecast less than feared, sending shares up in late trading. The KitchenAid owner now expects ongoing earnings per share, excluding some items, to be between $22 and $24 for the current year, which is $2 lower than the previous range. Analysts had forecast $23.91 for the year, according to […]

Technology

Meta Weighs Buying Eye-Tracking Glasses Startup AdHawk

Meta Platforms Inc. is considering whether to acquire AdHawk Microsystems Inc., a Canadian developer of eye-tracking technology for augmented and virtual reality headsets, according to people familiar with the matter. AdHawk has been working with investment bank Moelis & Co. as it fields interest from Meta and other suitors, said the people, who asked not […]

Technology

Snap Loses Wall Street Fan Base as ‘Cash Bonfire’ Rages On

Snap Inc. finds itself increasingly abandoned by Wall Street, with more than a dozen brokerages downgrading the social media company’s stock in the wake of disappointing sales figures that sent shares into a tailspin. At least 14 brokerages and investment banks including Evercore ISI, KeyBanc and Oppenheimer, downgraded their recommendations and price targets since late […]