Meta, Alphabet, and Snap beat analysts' estimates in their Q1 results, showing acceleration in advertising growth after struggling to rebound from a dismal 2022 — A view of Google Headquarters in Mountain View, California, United States on…
As Intel reports disappointing earnings and guidance, and becomes S&P 500's worst performing stock in 2024, a look at the long history of company's missteps — Intel CEO Pat Gelsinger speaks while showing silicon wafers during an event…
Microsoft reports Q3 Intelligent Cloud revenue up 21% YoY to $26.71B, vs. $26.26B est., with Azure and other cloud services revenue up 31% YoY — WATCH NOW — Microsoft beats on top and bottom line, Azure continues to accelerate — Microsoft…
Snap reports Q1 revenue up 21% YoY to $1.19B, vs. $1.12B est., DAUs up 10% YoY to 422M, a net loss of $305M, compared to $329M YoY; SNAP jumps 24%+ after hours — WATCH NOW — Snap stock soars following beat on revenue, earnings and daily…
Cloud data management startup Rubrik opens up 20% at $38.60 per share in its NYSE debut, after raising $752M at a $5.6B valuation — In this photo illustration, the Rubrik, Inc. logo is displayed on a smartphone screen. — Data management…
Memo: Thrasio CEO Greg Greeley plans to resign and five other senior executives will “step down when Thrasio emerges from Chapter 11 in the coming weeks” — Thrasio, an early leader in the big business of Amazon aggregators, had a booth at…
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.…