Tech stocks dropped sharply amid a market-wide sell-off on Friday triggered by news of a new Covid-19 variant discovered in South Africa. The S&P Global 500 fell 2.6% while the tech-heavy Nasdaq fell 2.2%. Some of the hardest hit stocks in Friday’s sell-off were ride-hailing companies Lyft and Uber, which respectively fell 5.6% and 3.7%, and rental company Airbnb, which fell 3.5%. Shares...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Test Drive e-commerce
Shein Confusion: The Fast-Fashion Giant’s New Resale Site Doesn’t Make Buying Easy
All I wanted from Shein Exchange was a plain black skirt. It was a simple enough desire, I thought, as I swiped around the fast-fashion giant’s newly launched resale platform. Scrolling through the offerings, I was bombarded with used neon crop tops, bedazzled pants and denim skirts—but my basic wardrobe staple was nowhere to be found. When it was unveiled in October, Shein Exchange...
DOJ Seeks Independent Examiner in FTX Case to Investigate Fraud Allegations
Amazon Entertainment Chief Jeff Blackburn to Exit Company
Galaxy Wins Bid to Buy Bankrupt Crypto Lender Celsius’ GK8 Unit
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Employees Aren’t the Only Ones Suffering From Burnout