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Hims & Hers gives weak outlook but says more collaborations are coming
Shares of Hims & Hers Health fell in extended trading on Monday after the company reported first-quarter earnings that beat analysts’ expectations but offered weaker-than-expected guidance. Here’s how the company did based on average analysts’ estimates compiled by LSEG: Earnings per share: 20 cents vs. 12 cents Revenue: $586 million vs. $538 million Revenue at […]
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Function Health buys Ezra, launches full-body scan for a third of the price
Jonathan Swerdlin, co-founder and CEO of Function Health. Courtesy of Function Health. Blood testing startup Function Health on Monday announced the acquisition of full-body MRI scanning company Ezra and launched a new, 22-minute scan for $499. Function offers a $499 annual subscription where members complete more than 160 blood tests and track their results over […]
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Hims & Hers brings former Amazon executive into C-suite
Bringing nearly 20 years of global experience at Amazon, Nader Kabbani is joining the executive leadership team to help the company further innovate on the delivery of affordable, seamless personalized care in the U.S. and globally. Courtesy: Hims & Hers Hims & Hers Health on Monday announced Nader Kabbani, a former Amazon executive who helped […]
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From ‘Cockroach Award’ to the Big Board: Hinge Health’s unlikely path to IPO
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right). Courtesy of Hinge Health At digital physical therapy startup Hinge Health, CEO Daniel Perez used to recognize hard-working employees with the “Cockroach Award,” a distinction that brought with it a “cockroach squad” t-shirt and a cash payout. References to the insect were abundant at the […]
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Temu halts shipping direct from China as de minimis tariff loophole is cut off
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Bargain Chinese retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect on Friday. In recent days, […]
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Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock
Jeff Bezos, founder and executive chairman of Amazon and owner of The Washington Post, takes the stage during The New York Times’ annual DealBook Summit, at Jazz at Lincoln Center in New York City, Dec. 4, 2024. Michael M. Santiago | Getty Images Amazon founder Jeff Bezos plans to sell up to 25 million shares […]
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Apple clears Spotify update under new rules allowing purchases within apps
Daniel Ek, co-founder and chief executive officer of Spotify Technology SA, during the Acquired LIVE event at the Chase Center in San Francisco, California, US, on Tuesday, Sept. 10, 2024. David Paul Morris | Bloomberg | Getty Images Spotify on Friday said Apple has approved the company’s U.S. app update, which will allow users to […]
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Nvidia CEO Jensen Huang gets first salary raise in a decade
Nvidia’s CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty Images Nvidia CEO Jensen Huang has made tens of billions of dollars in recent years from his stake in the chipmaker, but he’s getting his first salary increase in a decade. […]
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Reddit reports strong sales and issues optimistic guidance
Reddit reported first-quarter revenue on Thursday that beat Wall Street expectations, and issued better-than-expected guidance. The stock initially soared by as much as 19% in after-hours trading, but receded to around 5% when executives discussed the shaky economy and Google search-related challenges. Here’s how the company did compared with LSEG estimates: Earnings per share: 13 cents […]
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Amazon’s ad business grew 19% in first quarter, topping estimates
A woman cleans the store window of the Amazon house after activists sprayed paint on its logo during a protest on the opening day of the 55th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 20, 2025. Yves Herman | Reuters Amazon reported a 19% increase in online ad revenue in […]
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