Breaking News: Technology
Snap launches a $230 flying camera called Pixy
Snap is launching a flying camera, the company announced Thursday during its annual partners summit. The camera, called Pixy, is a “pocket sized” device with no controller. Instead, users tap a button to send Pixy into one of four preset flightpaths. The device floats, orbits, or follows a few feet above the user to capture […]
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Twitter is set to report Q1 earnings days after accepting Musk’s takeover bid
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter is set to report earnings for the first quarter of 2022, in what […]
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Facebook forecast points to possible revenue drop for the first time after decade of growth
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Prior to the first quarter of this year, Facebook’s revenue growth had never sunk into the single digits. In the second quarter, it may not grow at all. Though shares of Facebook […]
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Qualcomm revenue pops 41% driven by Android phone chip sales
Qualcomm reported second-quarter earnings Wednesday, beating Wall Street expectations for sales and earnings, and driving the stock up over 4% in extended trading. Here’s how Qualcomm did versus Refinitiv consensus expectations: EPS: $3.21, adjusted, versus $2.91 expected, up 69% year-over-year Revenue: $11.16 billion, adjusted, versus $10.60 billion expected, up 41% year-over-year QCT (chip sales): $9.55 […]
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Elon Musk wins shareholder lawsuit over Tesla’s $2.6 billion SolarCity acquisition
Elon Musk, chief executive officer of Tesla Inc., arrives at court during the SolarCity trial in Wilmington, Delaware, U.S., on Tuesday, July 13, 2021. Al Drago | Bloomberg | Getty Images A Delaware court ruled in favor of defendant Elon Musk on Wednesday in a shareholder lawsuit over Tesla’s $2.6 billion acquisition of SolarCity. Tesla […]
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Facebook shares spike on better-than-expected quarterly earnings
Mark Zuckerberg told the world last October that he was rebranding Facebook to Meta as the company pushes toward the metaverse. Facebook | via Reuters Shares of Facebook parent Meta jumped 15% in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue was disappointing. Here are the results. Earnings […]
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Pinterest jumps after earnings beat
Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Pinterest jumped in after-hours trading Wednesday after the social media company reported first quarter 2022 earnings that beat analyst expectations. The stock was up more than 6%. Here’s how Pinterest did versus Refinitiv […]
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As Microsoft rallies, Activision Blizzard sinks to lowest price since deal news
Bobby Kotick, chief executive officer of Activision Blizzard Inc., walks the grounds after the morning session during the Allen & Co. conference in Sun Valley, Idaho, U.S., on Thursday, July 13, 2017. David Paul Morris | Bloomberg | Getty Images Shares of game publisher Activision Blizzard on Wednesday fell to their lowest price since Microsoft […]
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Spotify falls 11% on first quarter earnings despite beat on top and bottom
Omar Marques | LightRocket | Getty Images Shares of Spotify dipped Wednesday after the company reported its first-quarter 2022 earnings. The stock was down 10% in the morning amid what’s been a tough earnings season for tech stocks. Here are the key numbers: Earnings per share: 21 euro cents vs an estimated loss of 24 […]
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Apple now lets you buy parts so you can fix your iPhone yourself
Apple opened its “Self Service Repair” online store on Wednesday as the right to repair movement has put pressure on U.S. regulators to give consumers more control over their products. The new program, first announced in November, will offer customers more than 200 parts and tools customers can use to repair the iPhone 12, iPhone […]
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