World's Most Valuable Startup? Uber Could Soon Be Worth $50 Billion
Uber is reportedly seeking a new round of financing that could make the San Francisco-based ridesharing startup worth $50 billion, before offering publicly traded stock.
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Uber is reportedly seeking a new round of financing that could make the San Francisco-based ridesharing startup worth $50 billion, before offering publicly traded stock.
Twitter's stock is falling sharply after the company's earnings — due to be released after the stock market closes — came out ahead of time.
Cash rained down on startups in 2014 but with valuations so high, critics suggest some investors may be setting themselves up for a major fall.
Uber's $40 billion valuation had investors from Wall Street to Silicon Valley abuzz a day after the ride-sharing company announced it had received more money from venture capitalists than any private company this year.
On Thursday nights at San Quentin, inmates pack a classroom to hear from a man they call "The Oracle."
U.S. stocks tumbled across indexes Wednesday as fears of a global economic slowdown intensified, with the Dow Jones industrial average in its fourth day of consecutive losses - plunging more than 400 points.
Investors sent shares of San Mateo-based GoPro Inc. (GPRO) up more than 30 percent in their stock market debut Thursday, following an initial public offering that valued the sports camera maker at about $3 billion.
Yahoo is still prospering from its lucrative investments in Asia while the Internet company's listless advertising sales are picking up, if ever so slightly, under CEO Marissa Mayer.
Intel's earnings fell in the first three months of the year amid a continued slump in the worldwide PC market, but revenue grew slightly because of solid demand for tablet processors and its data center services.
Stung by the abrupt change in sentiment, the stocks of recent stars such as Netflix, Facebook, Twitter and LinkedIn are 20 percent to 45 percent below their recent peaks. The steep downfall is raising questions about whether this is just a fleeting fit of fickleness or the foreshadowing of another market bubble about to burst.
Investors are worried about slower economic growth in China, a gloomier outlook for U.S. corporate profits and an end to easy money policies in the United States and Europe. They're also fretting over country-specific troubles around the world—from economic mismanagement in Argentina to political instability in Turkey.
Twitter's stock slid more than 7 percent on its second trading day Friday, after the popular short messaging service saw a huge first-day pop in what turned out to be a smooth public debut.
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As Twitter prepares to complete its initial public offering of stock this week, the San Francisco company's history of losses totaling nearly $500 million is raising questions about its ability to turn a cultural phenomenon into a sustainable business.
Twitter says it will sell more than 70M shares between $17 and $20 per share in its IPO .
Twitter, a privately held company built on blurbs, has finally laid itself bare in documents that read more like a treatise than a tweet.
The personal fortune of Twitter co-founder Evan Williams probably will take up 10 characters once the online communications company goes public.
A bankrupt electronics retailer appears to have gotten caught up in the investor fervor for Twitter.
A mysterious glitch halted trading on the Nasdaq for three hours Thursday in the latest major electronic breakdown on Wall Street, embarrassing the stock exchange that hosts the biggest names in technology, including Apple and Google.
Tesla will be joining the Nasdaq-100 Index on Monday as software maker Oracle Corp. heads to the New York Stock Exchange.
Several Bay Area stocks were among those losing ground Thursday. Apple Inc. was down more than $6 on the day, while Google stock was off more than $10 and Chevron slid some 2.5 percent.
Technology companies led the Standard & Poor's 500 index to an all-time closing high Monday. Apple surged 3 percent, or $12.92, to $430.12.
Los Gatos-based Netflix, which streams TV shows and movies over the Internet, was among the winners after announcing profits that impressed investors. Netflix soared $42.62, or 24 percent, to $216.99 after reporting a big gain in subscribers in the first quarter.
Oracle Corp. on Wednesday reported flat earnings for its fiscal third quarter, hurt by a continued drop in sales of hardware systems and a surprise decline in sales of new software - which the company attributed to a lackluster performance by its expanding sales force rather than lack of demand.
Intel Corp., the world's largest chipmaker, on Thursday said its fourth-quarter net income fell 27 percent from the previous year, as PC sales continued to weaken.
As Super Bowl LX approaches, multiple road closures are in place near Levi's Stadium in Santa Clara and for game-related events in San Francisco and San Jose.
Super Bowl festivities continued Thursday as athletes and celebrities attended the Benson Boone concert in San Francisco.
One East Bay school district is putting a limit on the number of AP and honors classes high school students can take, saying they're trying to protect kids' mental health.
Former San Francisco 49ers running back Roger Craig, a record-setting dual-threat player as a runner and receiver, was elected as one of the newest members of the Pro Football Hall of Fame on Thursday.
San Francisco 49ers running back Christian McCaffrey was awarded the league's Comeback Player of the Year at the NFL Honors event on Thursday evening.
As Super Bowl LX approaches, multiple road closures are in place near Levi's Stadium in Santa Clara and for game-related events in San Francisco and San Jose.
Super Bowl festivities continued Thursday as athletes and celebrities attended the Benson Boone concert in San Francisco.
One East Bay school district is putting a limit on the number of AP and honors classes high school students can take, saying they're trying to protect kids' mental health.
Former San Francisco 49ers running back Roger Craig, a record-setting dual-threat player as a runner and receiver, was elected as one of the newest members of the Pro Football Hall of Fame on Thursday.
San Francisco 49ers running back Christian McCaffrey was awarded the league's Comeback Player of the Year at the NFL Honors event on Thursday evening.
As Super Bowl LX approaches, multiple road closures are in place near Levi's Stadium in Santa Clara and for game-related events in San Francisco and San Jose.
Super Bowl festivities continued Thursday as athletes and celebrities attended the Benson Boone concert in San Francisco.
The union representing San Francisco Unified School District teachers announced Thursday that a strike would take place early next week if an agreement with the district is not reached.
An electronic billboard at Fisherman's Wharf in San Francisco promoting U.S. Immigration and Customs Enforcement with a football theme for Super Bowl week was removed following criticism from residents and local lawmakers.
People enjoyed the food with numerous vendors lining Grant Avenue. The main attraction, though, was on the stage as legends from the sports world talked about why representation matters to them.
One East Bay school district is putting a limit on the number of AP and honors classes high school students can take, saying they're trying to protect kids' mental health.
A 90-year-old man has been charged in connection with a vehicle collision with a pedestrian in November that resulted in her death in December, authorities said.
Sponsored by the USAA insurance company, Rich and his wife Alexia, who live in Richmond, will get tickets to the game, a hotel on Union Square, and attend other weekend events.
A total of 19 people were arrested in separate anti-human trafficking operations conducted by the Oakland Police Department and the Contra Costa Human Trafficking Task Force.
In addition to the market, there's also a restaurant inside. The "Hand Roll Factory" specializes in sushi rolls, rice and sashimi. It's only the second Tokyo Central in Northern California.
As Super Bowl LX approaches, multiple road closures are in place near Levi's Stadium in Santa Clara and for game-related events in San Francisco and San Jose.
Authorities in Monterey County have launched investigations following the recent discoveries of two skulls and other human remains.
Police in San Jose are searching for a driver following a hit-and-run collision that killed a pedestrian last week.
Sponsored by the USAA insurance company, Rich and his wife Alexia, who live in Richmond, will get tickets to the game, a hotel on Union Square, and attend other weekend events.
Authorities in Monterey County are investigating after a body was found in an agricultural field near Salinas on Wednesday morning.
A man who was arrested on child sexual abuse charges in Illinois is facing additional charges in the San Francisco Bay Area in connection with the alleged sexual assault of a child, police said.
Four suspects remain at large and two were arrested after an armed robbery at a Petaluma jewelry store on Saturday, police said.
A Bay Area environmental group is pushing for more restrictions and protection at one of the largest shale reefs in North America. As part of its proposal to the state, all fishing would be banned.
Yountville Commons will be located adjacent to City Hall at the site of the old Yountville Elementary School, which closed in 2000 because there weren't enough children in the town to keep it open. It will include about 120 affordable homes inside a large new public park.
The federal government said that unless homeowners downstream consent to it, the removal of the bridge cannot go forward. Meanwhile, residents opposed to the demolition say it's time to stop trying to fight Mother Nature.
As Super Bowl LX approaches, multiple road closures are in place near Levi's Stadium in Santa Clara and for game-related events in San Francisco and San Jose.
Former San Francisco 49ers running back Roger Craig, a record-setting dual-threat player as a runner and receiver, was elected as one of the newest members of the Pro Football Hall of Fame on Thursday.
San Francisco 49ers running back Christian McCaffrey was awarded the league's Comeback Player of the Year at the NFL Honors event on Thursday evening.
Bad Bunny says he wants to bring his culture to his 2026 Super Bowl halftime show Sunday.
An electronic billboard at Fisherman's Wharf in San Francisco promoting U.S. Immigration and Customs Enforcement with a football theme for Super Bowl week was removed following criticism from residents and local lawmakers.
A 90-year-old man has been charged in connection with a vehicle collision with a pedestrian in November that resulted in her death in December, authorities said.
Authorities in Monterey County have launched investigations following the recent discoveries of two skulls and other human remains.
Investigators have no proof that the missing mother of "Today" show host Savannah Guthrie is still alive but are holding out hope she is "still out there," the sheriff said.
Police in San Jose are searching for a driver following a hit-and-run collision that killed a pedestrian last week.
A total of 19 people were arrested in separate anti-human trafficking operations conducted by the Oakland Police Department and the Contra Costa Human Trafficking Task Force.
"Right now we have the Wild West. I want to see some rules of the road," said Democratic Sen. Richard Blumenthal.
The Northern California Regional Intelligence Center said suspicious conduct or criminal activity flagged by law enforcement will be entered into its database, where it "can link the locations to the information and really tie it all together in near-real time."
A former Google engineer has been convicted on multiple federal charges for stealing the tech giant's trade secrets on artificial intelligence to benefit Chinese companies he secretly worked for, federal prosecutors said.
The rideshare company is getting into the business of providing real-world driving data to autonomous vehicle developers. Here's why.
Waymo announced Thursday that its robotaxi service is now available to and from San Francisco International Airport, ahead of upcoming major events in the Bay Area including the Super Bowl and World Cup.
Health officials in the East Bay said a man has died from consuming toxic wild mushrooms, amid an ongoing spike in mushroom-related poisonings throughout California.
Health officials in Napa County confirmed Wednesday that a child has been diagnosed with measles in the county's first case in nearly 15 years.
Over the years, Dr. Rachel Forer has found plenty of ways to take the sting out of going to the dentist. But no matter how hard she tried, fear had a way of creeping in.
Officials in San Mateo County are the latest in the Bay Area to warn residents to not forage for wild mushrooms, amid a rise in mushroom poisonings that have led to illnesses and even deaths.
The Bay Area's Spare the Air alert has been extended to at least Saturday as a high-pressure system is expected to hang around and impact air quality.
President Trump said he is directing all federal law enforcement to be at the "complete disposal" of Savannah Guthrie's family as the search continues for her mother, Nancy Guthrie.
The Supreme Court declined to block California's new congressional map that could net Democrats five seats in the upcoming midterm elections.
Voters in San Francisco are set to decide on a proposed charter amendment that would restrict lawmakers to serving two terms for life, following a decision by the Board of Supervisors.
"Right now we have the Wild West. I want to see some rules of the road," said Democratic Sen. Richard Blumenthal.
President Trump is expected to sign an executive order putting JD Vance and Andrew Ferguson in charge of the group.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
Oasis nightclub announced plans to close six months ago. New Year's Eve was slated for the final performance. A last-minute, multi-million dollar donation turned the final curtain call into an encore performance.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
A group of transgender members of the U.S. Air Force and Space Force forced to leave active duty under the Trump administration's policies say their benefits were revoked in a rare move.
California state Sen. Scott Wiener of San Francisco announced Wednesday that he is running for Nancy Pelosi's congressional seat next year.
Bad Bunny says he wants to bring his culture to his 2026 Super Bowl halftime show Sunday.
People enjoyed the food with numerous vendors lining Grant Avenue. The main attraction, though, was on the stage as legends from the sports world talked about why representation matters to them.
While Bad Bunny's halftime show is expected to be the marquee attraction, dozens of performances across San Francisco and the South Bay are set to draw music lovers in the days leading up to kickoff.
Many Super Bowl 60 ads are already online, along with teasers for commercials that will be unveiled during the NFL championship on Feb. 8.
NPU Live, the company behind The Midway and Portola Festival, is hosting several concerts and parties in one of the city's unique spaces, Pier 80.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Super Bowl festivities continued Thursday as athletes and celebrities attended the Benson Boone concert in San Francisco.
The NFL says it is committed to growing the sport of flag football. Team USA takes center stage when they play Mexico as part of this week’s Super Bowl festivities in San Francisco. Kenny Choi has the story of one member of the team and why this week’s game is more than just a contest.
Watsonville Municipal Airport hopes people will land at the airport and spend money, before taking off for the Super Bowl in Santa Clara.
Dublin Unified School District is limiting the number of AP and honors classes students can take to four per year.
As Len Ramirez reports, dozens of employees are out of the office and onto the platforms serving as ambassadors to help visitors navigate the system on one of the busiest days ever.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.