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Doximity at the New York Stock Exchange for their IPO, June 24, 2021.

Source: NYSE

Doximity, the medical website that’s used by more than 80% of U.S. doctors, is now trying to protect its millions of members after a spike in harassment that started during the Covid pandemic.

The 13-year-old company has introduced a free service called DocDefender that can scrub a physician’s personal contact information from the internet. The technology scans dozens of the most common websites where a doctor’s information might reside and automatically initiates the removal process.

Doximity’s platform, which for years was described as LinkedIn for doctors, allows health-care workers to stay current on medical news, manage paperwork, find referrals and carry out telehealth appointments with patients. Since the Covid pandemic broke out in 2020, health-care workers have faced elevated levels of harassment and violence due largely to the politicization of masking, social distancing and vaccine requirements.

Doximity says the new feature is all about giving peace of mind to doctors so they can feel safer in their personal and professional lives and can focus on providing better care.

Dr. Amit Phull, chief physician experience officer at Doximity, said the feature is a service that users wanted. In March, more than 200 doctors traveled to Doximity’s headquarters in San Francisco to help the company workshop new ideas for its platform. When executives presented DocDefender, they received a resounding standing ovation. 

“We’ve gotten positive feedback before,” Phull told CNBC in an interview. “That was a first for us.” 

Two months after the workshopping event, Doximity conducted a survey of more than 2,000 doctors and found that 85% of them worry about whether patients will access their personal information online. That number is higher within certain high-stress specialties like physical medicine and rehabilitation, neurology, emergency medicine and psychiatry.

Jeff Tangney, CEO, of Doximity at the New York Stock Exchange for their IPO, June 24, 2021.

Source: NYSE

Phull, who practices as a physician in emergency medicine, said he’s felt concerned about his safety many times throughout his career. He carried out his trauma training in Chicago, where he treated several victims of gang-related violence. Phull said he was often thrust in the middle of complex conflicts that were out of his control, and he worried that people would find him online and retaliate.  

“If you find yourself in one of those high-intensity situations, and outside of the scope of your practice that conflict still persists, that online element can be kind of scary,” he said.  

Since the onset of the pandemic, many patients have a shorter fuse. 

“I’ve been swung at by patients,” he said. “We certainly deal with a lot of hostility.”

Phull said that in testing the technology, he found details like his phone number, his relatives, his past and current addresses — and even a map to his old home on more than 25 websites. Now that he knows that information is being removed, Phull said he and his wife feel a little more comfortable.  

DocDefender users can monitor the removal process directly through Doximity’s interface, and they will receive regular follow-up reports about the status of their online presence. Additional scans will also be carried out periodically to identify any new listings. 

The service will be available to all doctors on Doximity starting Wednesday, and will expand to nurse practitioners and others over time. 

‘Opportunity to think very long term’

In addition to reaching more than 80% of U.S. doctors, Doximity says it’s also used by 50% of nurse practitioners and physician assistants. 

The platform verifies members to ensure that they’re practicing health-care professionals. Approved clinicians can use Doximity for free, as the company primarily generates revenue through its hiring, marketing and telehealth solutions.  

Doximity debuted on the New York Stock Exchange in June 2021, during the peak of the tech bull market. Its market cap climbed to $9.4 billion in its first day of trading, but has since fallen below $4 billion.

CEO Jeff Tangney, who co-founded Doximity in 2010, told CNBC the company is able to offer DocDefender for free in part because of its strong profit margins. 

“We just have the opportunity to think very long term and to invest in things that doctors really want, and that’s what we’re doing here,” he said.

Dr. Azlan Tariq, a physical medicine and rehabilitation doctor and the chief clinical officer at a  physiatry organization called Medrina, had early access to DocDefender.

Doximity CEO on physician social network going public: "Our mission is to help doctors be more productive"

PM&R physicians often deal with patients suffering chronic pain and are responsible for prescribing — and denying — medications like opioids. Around 96% of PM&R doctors reported feeling concerned about their online privacy in Doximity’s May survey.

Tariq said he’s taken steps to try and protect both his online identity and his physical safety, leaving social media sites like Facebook and taking down personal information elsewhere. He tries not to shop near his clinic to avoid disgruntled patients, and he said he’s always paying attention to his environment.

On one occasion, a patient was waiting for Tariq in the parking lot outside of his clinic. While the patient ultimately meant no harm, Tariq said he had to assume the worst. 

“You just think about exits. How can I get out of this?” he said. “Can I get back in the car? Can I get the door of the clinic and go behind? Those are just the normal behaviors.”

He added that some of his colleagues seriously consider carrying a gun. 

Since testing DocDefender, Tariq said he’s already noticed some of his personal information has been removed online, adding he feels a little more at ease.

Still, DocDefender doesn’t entirely remove the risk of being found. Dr. Jasdeep Gill, a psychiatrist, said there are some databases for Medicare and Medicaid that list doctors’ information, as well as websites that use their specific provider numbers. 

“Within the last two weeks, I’ve had two different people call my cell phone and request care, and I don’t know how they found my cellphone number,” said Gill, commenting that DocDefender is a step in the right direction to guard against this. “Trying to figure out how they got that information left me feeling just kind of uncomfortable.”

Gill works with patients, including some who are incarcerated, dealing with schizophrenia, bipolar disorder, depression and substance abuse. He said he started taking the risks more seriously after a patient made threats against him while he was in residency. 

Gill said he paid $20 a month for an information-removal service, but that process was “clunky” and “cumbersome.” He called Doximity’s tool a “really easy service to use” and sees it as a way for physicians to maintain the boundary between their professional and private lives. 

“Our background history of where we live, who we’re married to, what our cellphone numbers are, are things that are personal and that should be kept separate from the public’s view,” Gill said. “By creating that separation, it allows us to just do our jobs and focus on health care instead of worrying about safety.”

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Palantir is soaring while its tech peers are sinking. Here’s why

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Palantir is soaring while its tech peers are sinking. Here's why

Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025.

David Paul Morris | Bloomberg | Getty Images

Tech stocks have struggled in 2025, as recession and trade war fears sap investor appetite for riskier assets.

Palantir is the exception.

Against a volatile market backdrop, the software maker’s stock has gained 45% and is the best performer among companies valued at $5 billion or more, according to FactSet. The closest tech names are VeriSign, up 33%, Okta, up 30%, Robinhood, up 29%, and Uber, up 29%.

President Donald Trump‘s frenzy of government department overhauls is partially to thank for the pop.

“When you think about macroeconomic concerns, you as a company need to be more efficient, and this is where Palantir thrives,” said Bank of America analyst Mariana Pérez Mora.

Palantir has set itself apart in the software world for its artificial-intelligence-enabled tools, gaining recognition for its defense and software contracts with key U.S. government agencies, including the military. In the fourth quarter, its government revenues jumped 45% year-over-year to $343 million.

Read more CNBC tech news

Companies have faced immense volatility in 2025 as tariffs threaten to jeopardize global supply chains and halt day-to-day manufacturing operations by hiking costs. Those fears have brought the broad market index down about 7% this year, while the tech-heavy Nasdaq Composite has slumped 11%.

Tech’s megacap companies — Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta and Tesla — are all down between 7% and 31% so far this year.

At the same time, the Trump administration has clamped down on government spending, giving Tesla CEO Elon Musk‘s Department of Government Efficiency freedom to slash public sector costs. Some administration officials have touted shifting dollars from consulting contracts to commercial software providers like Palantir, said William Blair analyst Louie DiPalma.

“Palantir’s business model is highly aligned with the priorities of the Trump administration in terms of increasing agility and being very quick to market,” he said.

That’s put Palantir in the league with major contractors such as Lockheed Martin and Northrop Grumman, which have outperformed in this year’s downdraft. Many companies in the space are also looking to partner with the firm and tend to flock to defense during recessionary times, DiPalma said.

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Palantir vs. the Nasdaq Composite

CEO Alex Karp has also been a vocal supporter of American innovation and the company’s central role in helping prop up what he called the “single best tech scene in the world” during an interview with CNBC earlier this year. Karp also told CNBC that the U.S. needs an “all-country effort” to compete against emerging adversaries.

But the ride for Palantir has been far from smooth, and shares have been susceptible to volatile swings. Shares sold off nearly 14% during the week that Trump first announced tariffs. Shares rocketed 22% one day in February on strong earnings.

Its inclusion in more passive and quant funds over the years and the growing attention of retail traders has added to that turbulence, DiPalma said. Last year, the company joined both the S&P and Nasdaq. Palantir trades at one of the highest price-to-earnings multiples in software and last traded at 185 times earnings over the next twelve months. That puts a steep bar on the stock.

“There really is no margin for error,” he said.

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NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down

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NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down

Kurt Sievers, chief executive officer of NXP Semiconductors NV, during the Federation of German Industries (BDI) conference in Berlin, Germany, on Monday, June 19, 2023.

Liesa Johannssen-Koppitz | Bloomberg | Getty Images

NXP Semiconductor Inc. fell about 8% on Monday after the chip company announced that CEO Kurt Sievers will step down as part of its latest earnings.

Here’s how the company did, versus LSEG consensus estimates:

  • Earnings per share: $2.64 adjusted vs. $2.58 expected
  • Revenue: $2.84 billion vs. $2.83 billion expected

Sievers will retire at the end of the year, with Rafael Sotomayor stepping in as president on April 28, 2025.

The company beat expectations on the top and bottom lines but cited a “challenging set of market conditions” looking forward.

“We are operating in a very uncertain environment influenced by tariffs with volatile direct and indirect effects,” Sievers said in an earnings release.

Sales in NXP’s first quarter declined 9% year over year.

The company posted $1.67 billion in auto sales during the first quarter, trailing analyst estimates of $1.69 billion.

Read more CNBC tech news

NXP Semi said that second-quarter sales would come in at a midpoint of $2.9 billion, ahead of the $2.87 billion that analysts were projecting. Second-quarter adjusted EPS will be $2.66, in line with analyst estimates.

The company logged first-quarter net income of $490 million, which was a 23% year-to-year drop from $639 million.

NXP’s net income per share was $1.92 compared to $2.47 during the same time a year ago. A drop of 22%.

This is breaking news. Please refresh for updates.

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Microsoft says U.S. can’t afford falling behind China in quantum computers

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Microsoft says U.S. can't afford falling behind China in quantum computers

Microsoft President Brad Smith speaks during signing ceremony of cooperation agreement between the Polish Ministry of Defence and Microsoft, in Warsaw, Poland, February 17, 2025.

Kacper Pempel | Reuters

The U.S. cannot afford to fall behind China in the race to a working quantum computer, Microsoft President Brad Smith wrote Monday.

President Donald Trump and the U.S. government need to prioritize funding for quantum research, or China could surpass the U.S., endangering economic competitiveness and security, Smith wrote.

“While most believe that the United States still holds the lead position, we cannot afford to rule out the possibility of a strategic surprise or that China may already be at parity with the United States,” Smith wrote. “Simply put, the United States cannot afford to fall behind, or worse, lose the race entirely.”

Microsoft’s position is the latest sign that research into quantum computing is starting to heat up among big tech companies and investors who are looking for the next technology that could rival the artificial intelligence boom.

Smith is calling for the Trump administration to increase funding for quantum research, renew the National Quantum Initiative Act and expand a program for testing quantum computers by the Defense Advanced Research Projects Agency, or DARPA. The Microsoft executive is also calling on the White House to expand the educational pipeline of people who have the math and science skills to work on quantum machines, fast-track immigration for Ph.D.s with quantum skills and for the government to buy more quantum-related computer parts to build a U.S. supply chain.

Microsoft did not detail how China surpassing the U.S. in quantum computing technology would endanger national security, but a National Security Agency official last year discussed what could happen if China or another adversary surprised the U.S. by building a quantum computer first.

The official, NSA Director of Research Gil Herrera, said that if such a “black swan” event happened, banks might not be able to keep transactions private because a quantum computer could crack their encryption, according to the Washington Times. A working quantum computer could also crack existing encrypted data that is usually shared publicly in a scrambled fashion, which could reveal secrets on U.S. nuclear weapon systems.

In February, Microsoft announced its latest quantum chip called Majorana, claiming that it invented a new kind of matter to develop the prototype device. Last year, Google announced Willow, a new device the company claimed was a “milestone” because it was able to correct errors and solve a math problem in five minutes that would have taken longer than the age of the universe on a traditional computer.

While the computers people are used to use bits that are either 0 or 1 to do calculations, quantum computers use “qubits,” which end up being on or off based on probability. Experts say that quantum computers will eventually be useful for problems with nearly infinite possibilities, such as simulating chemistry, or routing deliveries.

But the current quantum computers are far away from that point, and many computer industry participants say it could take decades for quantum computers to reach their potential.

Microsoft’s chip, Majorana, has eight qubits, but the company says it has a goal of least 1 million qubits for a commercially useful chip. Microsoft needs to build a device with a few hundred qubits before the company starts looking at whether it’s reliable enough for customers.

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