Enterprise
Tech companies most threatened by Trump are donating to his inauguration fund
U.S. President-elect Donald Trump smiles at the crowd during the National Guard Association of the United States’ 146th General Conference & Exhibition at Huntington Place Convention Center on Aug. 26, 2024 in Detroit, Michigan. Emily Elconin | Getty Images News | Getty Images Meta CEO Mark Zuckerberg and Amazon founder Jeff Bezos have a particularly […]
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Broadcom stock jumps 21%, pushing company past $1 trillion market cap for the first time
A sign is posted in front of a Broadcom office in San Jose, California, on Dec. 12, 2024. Justin Sullivan | Getty Images Shares of Broadcom popped more than 21% Friday morning, pushing the company’s market cap beyond $1 trillion for the first time. It will be Broadcom’s best trading day on record if the move […]
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Adobe shares plunge 13% on disappointing revenue guidance
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. Brendan Mcdermid | Reuters Adobe shares fell 13% on Thursday and headed for their steepest drop since March after the software vendor issued disappointing revenue guidance. Sales in the fiscal first quarter […]
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ServiceTitan pops to $101 in cloud software vendor’s Nasdaq debut after selling shares at $71
Vahe Kuzoyan, president & co-founder of ServiceTitan, poses for photos after ringing the opening bell at the Nasdaq MarketSite on Dec. 12, 2024. Michael M. Santiago | Getty Images News | Getty Images ServiceTitan shares popped 42% in their Nasdaq debut on Thursday after the provider of cloud software to contractors raised around $625 million […]
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Venture capitalists bet on Sublime, a startup bringing AI to email security
Across the world, companies rely on Microsoft and Google to administer email accounts for employees. Keeping all those mailboxes secure, however, is a business opportunity. Proofpoint went public in 2012, and as enterprises migrated to the cloud, many adopted the company’s secure email gateway software as a precautionary measure. But private equity firm Thoma Bravo […]
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OpenAI says ChatGPT suffers outage, company working on fix
OpenAI CEO Sam Altman visits “Making Money With Charles Payne” at Fox Business Network Studios in New York on Dec. 4, 2024. Mike Coppola | Getty Images OpenAI said Wednesday it was working to fix an outage after its popular ChatGPT assistant and Sora video generator were left inaccessible. “We have identified the issue and […]
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ServiceTitan prices IPO at $71, above expected range, after slow stretch for tech offerings
Vahe Kuzoyan, left, and Ara Mahdessian, the founders of ServiceTitan. ServiceTitan ServiceTitan, a provider of cloud software to contractors, priced its IPO at $71 a share on Wednesday, above the expected range. The company is set to debut on the Nasdaq on Thursday under ticker symbol “TTAN.” ServiceTitan previously raised its price range to between […]
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Michael Saylor’s case for Microsoft buying Bitcoin gets rejected by shareholders
Michael Saylor, the billionaire bitcoin investor whose turned his company, MicroStrategy, into a high-risk proxy for the cryptocurrency, has been encouraging Microsoft to use some of its massive cash pile to follow his lead. But shareholders on Tuesday said no. In October, Microsoft told investors that the National Center for Public Policy Research, a conservative […]
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Super Micro gets Nasdaq listing extension, says it can file financials by February
The Super Micro Computer headquarters in San Jose, California, on Dec. 3, 2024. David Paul Morris | Bloomberg | Getty Images Embattled server maker Super Micro Computer said on Friday that it received an extension from Nasdaq, giving the company until February to maintain its listing on the stock exchange. The stock rose 7% in […]
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Amazon rolls out Buy with AWS button to let software vendors more easily sell to its cloud customers
Amazon Web Services (AWS) CEO Matt Garman delivers a keynote address during the AWS re:Invent conference in Las Vegas on Dec. 3, 2024. Noah Berger | Getty Images In 2022, Amazon introduced the Buy with Prime button, allowing premium subscribers to make purchases using their Amazon account even when shopping on other websites. Now the […]
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