Microsoft Corp

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021.David Ryder | Bloomberg | Getty ImagesCloud companies, e-retailers and household tech names got hammered on Thursday, wiping out hundreds of billions of dollars in market value and pushing the Nasdaq Composite to its worst one-day plunge since June 2020.A day after the Federal Reserve raised its benchmark interest rate by a half point in a bid to stem rising inflation, investors sold out of the part of the market that's generally viewed as…

R.J. Scaringe, Rivian's 35-year-old CEO, introduces his company's R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018.Mike Blake | ReutersAmazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing but red.In its earnings report on Thursday, Amazon took a $7.6 billion loss on its stake in Rivian. Shares of the EV manufacturer plummeted by more than 50% in the first three months of 2022,…

Bill Gates attends the World Leaders' Summit "Accelerating Clean Technology Innovation and Deployment" session on day three of COP26 on November 02, 2021 in Glasgow, Scotland.Jeff J Mitchell | Getty Images News | Getty ImagesBill Gates has warned that Elon Musk could make Twitter "worse" after the Tesla CEO pledged to buy the social media firm for $44 billion.Speaking at the Wall Street Journal's CEO Summit Wednesday, Gates said it's unclear how Musk will change Twitter if he takes ownership while also raising concerns…

Many of the largest U.S. tech firms hold their European headquarters in Dublin.Artur Widak | Nurphoto | Getty ImagesIncoming EU rules forcing Big Tech to police content on the internet more aggressively will be enforced directly by the European Commission, a move experts say will diminish the role Ireland has played so far in supervising digital giants in the region.Since 2018, Ireland's Data Protection Commission has been the main privacy watchdog supervising the likes of Facebook parent company Meta and Google under the…

Some of the biggest names in bitcoin — including Jack Dorsey, Tom Lee, and Michael Saylor — have banded together to refute claims made by House Democrats calling on the Environmental Protection Agency to investigate the environmental effects of crypto mining.Bitcoin operates on a proof-of-work (PoW) mining model, meaning that miners around the world run high-powered computers to simultaneously create new bitcoin and validate transactions. Proof-of-work mining, which requires sophisticated gear and a whole lot of…