Enterprise
Andreessen Horowitz announces plans to invest in Adam Neumann’s new residential real estate company
Adam Neumann, CEO of WeWork. Eduardo Munoz | Reuters Venture capital firm Andreessen Horowitz announced Monday that it plans to invest in Adam Neumann’s new residential real estate company called Flow. Neumann is the founder and former CEO of the coworking space company WeWork, but he left in 2019 after the company botched its plans […]
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Cloud stocks are rallying after a punishing start to the year as 2022 outlook brightens
Confluent Co-Founder and CEO Jay Kreps appears at the company’s sales kickoff in Las Vegas on Feb. 8, 2022. Confluent Investors looking to get into beaten-down cloud stocks at bargain basement prices may have missed their opportunity. Scanning the cloud software market, which tanked to start the year, numerous stocks have jumped 50% from their […]
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Toast shares pop as revenue beats estimates and forecast shows more restaurants are going digital
Toast shares jumped 12% Friday after the restaurant software vendor beat revenue estimates and said the number of locations it serves surged 40% in the second quarter. Toast provides technology that can serve as a restaurant’s operating system across dine-in, takeout, and delivery channels. Its products gained rapid adoption during the pandemic as restaurants moved […]
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Popular meditation app maker Calm reportedly lays off 20% of employees
Edward smith | Getty Images The popular meditation startup Calm, known for its wellness app of the same name, has laid off 20% of its staff, according to The Wall Street Journal, which viewed a memo sent by CEO David Ko to employees on Thursday. Roughly 90 out of 400 Calm employees were laid off, […]
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TikTok parent ByteDance acquires private hospital chain
TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. Dado Ruvic | Reuters TikTok parent-company ByteDance’s healthcare unit in China, Xiaohe Health, has acquired a high-end healthcare organization called Amcare Healthcare. Bloomberg said the deal is worth $1.5 billion. Amcare Healthcare was founded in […]
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Coinbase shares drop on billion-dollar loss in second quarter and revenue miss
Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022. in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Coinbase shares dropped in extended trading on Tuesday after the crypto exchange reported a loss of over $1 billion in the second quarter and missed analysts’ […]
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Nvidia warns on second quarter revenue, shares dip
Nvidia shares dipped 8% on Monday morning after the company released preliminary earnings that show second-quarter revenue of $6.70 billion, well below its initial outlook of $8.10 billion. The company said the shortfall primarily reflects weaker than forecasted gaming revenue, which is down 44% sequentially and 33% from the prior year. Nvidia said the report […]
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Palantir shares fall more than 10% following earnings report
A banner featuring the logo of Palantir Technologies (PLTR) is seen at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reuters Palantir reported second-quarter results before the bell Monday that showed a loss per share compared […]
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Cloudflare soars after beating on revenue and raising annual forecast
Cloudflare Co-Founder and CEO Matthew Prince speaks on stage at TechCrunch Disrupt Berlin on December 12, 2019 in Berlin, Germany. Noam Galai | Getty Images Entertainment | Getty Images Cloudflare shares jumped as much as 27% on Friday, after the content distribution network and security provider announced second-quarter results and full-year guidance that exceeded analysts’ […]
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Atlassian says customers unlikely to reduce spending as the software maker surpasses revenue expectations
Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar Atlassian Atlassian shares rose as much as 12% after the collaboration software maker disclosed more quarterly revenue than analysts had expected, while meeting consensus on earnings. Here’s how the company did: Earnings: 27 cents per share, adjusted, vs. 27 cents per share as expected by analysts, according to […]
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