Internet
Roblox misses on top and bottom, shares dip 12%
The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Roblox reported results on Tuesday that missed analyst estimates on the top and bottom lines. Here’s how the company did: Loss per share: 30 cents vs. 21 cents expected, according […]
Read More
WhatsApp will soon let you slip out of group chats undetected
Chris Ratcliffe | Bloomberg | Getty Images WhatsApp is launching a new feature that will allow users to leave lengthy group chats without alerting others to their exit. Currently, pulling out of a WhatsApp group chat can be an awkward affair as everyone in the chat is informed when you leave. In larger groups, it […]
Read More
Google outage reported by thousands of users around the world
The entrance to Google’s U.K. offices in London. Olly Curtis | Future Publishing | via Getty Images Users around the world are reporting outages on Google’s search engine, according to DownDetector.com. In the U.S., more than 40,000 people reported that Google was down for them around 9.20 p.m. ET, though the figure has since fallen. […]
Read More
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 […]
Read More
SoftBank posts a $21.6 billion quarterly loss on its Vision Fund, one of the highest in its history
SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted one of its biggest losses at its Vision Fund investment […]
Read More
Twitter-Musk drama escalates as both sides hurl claims of bad behavior in new filings
The Twitter-Elon Musk saga continued this week, as the two parties traded barbs in legal filings ahead of a five-day trial that’s scheduled to start Oct. 17. Newly released legal documents from lawyers representing Musk in a countersuit against Twitter claim the social media company engaged in a scheme to “mislead investors” by providing false […]
Read More
Hacked crypto startup Nomad offers a 10% bounty for return of funds after $190 million attack
Over $2 billion has been stolen from cross-chain bridges so far this year, according to crypto analysis firm Chainalysis Jakub Porzycki | Nurphoto via Getty Images Crypto company Nomad said it’s offering hackers a bounty of up to 10% to retrieve user funds after losing nearly $200 million in a devastating security exploit. Nomad pleaded […]
Read More
DoorDash stock pops 18% after posting record orders
DoorDash delivery person Source: DoorDash DoorDash reported second-quarter results after the bell on Thursday that beat Wall Street’s revenue expectations but showed a greater loss per share than anticipated. Shares of DoorDash popped 18% in after-hours trading. Here’s how the company did: Loss per share: 72 cents vs. 41 cents expected by analysts, according to […]
Read More
Alibaba shares jump 7% after quarterly earnings beat expectations
Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba reported fiscal first-quarter earnings on Thursday that beat […]
Read More
Pelosi’s Taiwan trip puts the world’s biggest chipmaker back in the spotlight of U.S.-China rivalry
Taiwan Semiconductor Manufacturing Company (TSMC) is the biggest contract chipmaker in the world. But it has been thrust in the middle of U.S.-China geopolitical tensions. logo displayed on the screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images U.S. House Speaker Nancy Pelosi may have left Taiwan but the visit has cast a spotlight […]
Read More