Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Stocks in Asia traded lower on Thursday morning. Australia's jobs data showed the net number of jobs created was far below expectations.Asia Marketsread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
The company blamed its Q2 content slate and price increases for the subscriber miss.Technologyread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
See which stocks are posting big moves after the bell on July 17.Market Insiderread more
"It's clearly doing more harm than good," the "Mad Money" host says. Instead Facebook should buy Square for $70 billion and expand the payments network worldwide.Mad Money with Jim Cramerread more
Tesla CEO Elon Musk's controversial behavior is indicative of a larger issue facing Silicon Valley, tech investor Roger McNamee told CNBC on Friday.
"The cult of founders has become a problem," the co-founder of private equity firm Elevation Partners said on "Squawk Alley. "
"There's no question that great founders make great start-ups, but once a company is in the public market, once it begins to mature, it has other responsibilities," he added. "You need to have in the team people who can fulfill those responsibilities."
Elon Musk's recent tweet mocking the Securities and Exchange Commission has caused some investors to question whether founders can succeed as the CEO of a company.
In the tweet, Musk called the agency the "Shortseller Enrichment Commission," just days after settling fraud charges brought against him by the SEC. The tweet, and a subsequent note by short seller David Einhorn, caused Tesla shares to drop on Friday.
Another Silicon Valley darling, Facebook, has also been under scrutiny recently. The social media giant and its CEO, Mark Zuckerberg, have been dealing with fallout over several issues, including the Cambridge Analytica data scandal and its role in the spread of misinformation during the presidential campaign.
Then, last week Facebook announced a major security breach. And Thursday, the company admitted it "made mistakes" after a top executive was seen attending Judge Brett Kavanaugh's congressional hearing, reportedly prompting outrage from employees.
As an early investor in Google and Facebook, McNamee has seen firsthand the responsibility and importance of the company's board and how that organization should wield its power.
"You need to have checks somewhere in the system, but increasingly Silicon Valley companies have two classes of stocks so that the founders retain control and nobody has any leverage, " he said.
And those in control are not used to having anyone criticize them, he added.
"They are not very good at hearing constructive criticism, embracing it and making the future better than the past," he said.