Cloud data management startup Rubrik priced its NYSE IPO at $32 a share, above its expected $28-$31 range, raising $752M and valuing the company at $5.6B — Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha…
Meta's stock drops 15%+ after hours on weak Q2 revenue guidance and higher FY 2024 capital expenditures due to increased AI infrastructure investments — Meta shares plunged in extended trading on Wednesday after the company issued a light…
Meta's Reality Labs Q1: revenue up 30% YoY to $440M, vs. $512.5M est., a $3.85B operating loss, vs. $4.31B est.; Reality Labs lost $45B+ since the end of 2020 — Facebook co-founder and chief executive, Mark Zuckerberg, speaks at an Oculus…
IBM reports Q1 revenue up 1% YoY to $14.46B, vs. $14.55B est., software revenue up 5.5% YoY to $5.9B, and net income of $1.6B, up from $927M YoY; IBM drops 5%+ — IBM CEO Arvind Krishna appears at the World Economic Forum in Davos,…
Klarna partners with Uber to power Uber and Uber Eats payments, adding its Pay Now option in the US, Germany, and Sweden, but not installment-based payments — The Swedish “buy now, pay later” pioneer said Tuesday that its new design would…
Block says it has finished the development of its own 3nm bitcoin mining chip and is working through the design with a “leading global semiconductor foundry” — Jack Dorsey says that his payments company, Block (formerly Square), is…
Larry Ellison says Oracle is moving its world headquarters from Austin to Nashville to be closer to a major healthcare epicenter — Larry Ellison, co-founder and chairman of Oracle, speaks during the Oracle OpenWorld 2017 conference in San…
Amazon ends drone deliveries in Lockeford, California, which began in 2022, and plans to expand them to Tolleson, Arizona, in 2024 and other US regions in 2025 — An Amazon delivery drone is on display at Amazon's BOS27 Robotics Innovation…
Cloud data management company Informatica says it is not currently in acquisition talks, after Salesforce's reported interest in a ~$10B deal; INFA falls 8%+ — Amit Walia, CEO, Informatica at the New York Stock Exchange, October 27, 2021.…
On CNBC's “Halftime Report Final Trades,” Bill Baruch of Blue Line Capital named Micron Technology, Inc. (NASDAQ:MU), which received a $6 billion grant to build a chip factory.
A look at Block-funded Gridless, which operates bitcoin mines in Kenya, Malawi, and Zambia, powered through solar power and wasted energy from a geothermal site — WATCH NOW — Jack Dorsey backed start-up taps into geothermal, hydro and…
A look at Los Angeles' Homelessness Prevention pilot program, which uses AI to identify those at risk of becoming homeless, offering aid to keep them housed — A woman walks past tents for the homeless lining a street in Los Angeles, Calif.…
Telegram partners with Tether to let the messaging app's ~900M users send USDT to each other through The Open Network blockchain — Stablecoin Tether and Circle's USDC dominate the market. — Telegram users can now start making stablecoin…
Netflix reports Q1 revenue up 15% YoY to $9.37B, vs. $9.28B est., paid users up 16% YoY to 269.6M, vs. 264.2M est., and net income $2.3B, up from $1.3B YoY — LOS ANGELES — Netflix reported earnings that beat on the top and bottom line…
On CNBC’s "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management named Pacer US Cash Cows 100 ETF (CBOE: COWZ), which focuses on the companies in the Russell 1,000 with the highest read more
AWS discontinues its Snowmobile service, an 18-wheeler truck introduced in 2016 to help customers transport large amounts of on-premises data to AWS facilities — Amazon Web Services Snowmobile Truck — At Amazon's annual cloud conference in…