Internet
Shares of iRobot tank 30% after Roomba maker raises doubt about its survival
Roomba vacuums by iRobot are displayed at Best Buy store on January 19, 2024 in San Rafael, California. Justin Sullivan | Getty Images Shares of iRobot plunged more than 30% on Wednesday after it said there’s “substantial doubt” about its ability to stay in business. The Roomba-maker’s financial outlook has darkened since Amazon abandoned its […]
Read More
Spotify says it paid nearly 1,500 artists $1 million or more in royalties for 2024 streams
In this photo illustration, the Spotify music app is seen on a phone on June 04, 2024 in New York City. Michael M. Santiago | Getty Images Spotify is minting music millionaires. Nearly 1,500 artists generated over $1 million in royalties from Spotify in 2024, the company said Wednesday in its annual Loud and Clear […]
Read More
Reddit rallies after three-day slump as analyst calls selloff ‘excessive’
Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange (NYSE) after ringing a bell on the floor setting the share price at $47 in its initial public offering (IPO) on March 21, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images Reddit shares rose more […]
Read More
Digital physical therapy provider Hinge Health files for IPO
Hinge Health’s Enso product. Courtesy: Hinge Health Hinge Health, a provider of digital physical therapy services, filed to go public on Monday, the latest sign that the IPO market is starting to crack open. Hinge Health uses software to help patients treat musculoskeletal injuries, chronic pain and carry out post-surgery rehabilitation remotely. The company’s revenue last […]
Read More
Oracle misses on earnings but touts data center growth from AI
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle issued quarterly results on Monday that trailed analysts’ estimates, but the company offered bullish comments on its cloud infrastructure segment. Here is how Oracle […]
Read More
Asana CEO Dustin Moskovitz announces retirement, stock price drops 25%
Asana CEO and Facebook co-founder Dustin Moskovitz PATRICIA DE MELO MOREIRA | AFP | Getty Images Dustin Moskovitz, the CEO of Asana and one of the original co-founders of Facebook, will retire from the enterprise software company. Asana announced Moskovitz’s retirement on Monday as part of the company’s fourth-quarter earnings report, and its board has […]
Read More
Elon Musk’s social platform X is down for some users
Elon Musk’s social media platform X experienced several outages on Monday morning, leaving some users unable to load the site. Nearly 40,000 users reported problems with the platform around 10 a.m. ET, according to the analytics platform Downdetector, which gathers data from users who spot glitches and report them to the service. Around 28,000 people […]
Read More
Meet the 21-year-old helping coders use AI to cheat in Google and other tech job interviews
A person walks past the entrance to a Google building in Dublin, Feb. 15, 2023. Artur Widak | Anadolu | Getty Images After landing internship offers from Amazon, Meta and TikTok, computer science student Chungin “Roy” Lee has decided to move to San Francisco. But he won’t be joining any of those companies. Instead, Lee will […]
Read More
Hinge Health to go public as soon as April, source says
Hinge Health’s TrueMotion feature. Courtesy: Hinge Health Digital physical therapy startup Hinge Health is gearing up to file for an initial public offering, potentially as soon as next week, CNBC has learned. Hinge Health helps patients with musculoskeletal injuries ranging from minor sprains to chronic pain recover from the comfort of their own homes. Its IPO […]
Read More
AppLovin short-seller urges exclusion of the stock from S&P 500 index
The short-seller assault on AppLovin is getting ratcheted up a notch. A week after Fuzzy Panda Research put out a report alleging that AppLovin’s ad-tech software is the “nexus of a house of cards,” and accusing the company of violating Google and Apple’s app store policies, the short-seller firm is urging the S&P Index Committee […]
Read More