Tesla can continue executing on its plans even if Elon Musk ends up buying Twitter, Jefferies autos analyst Philippe Houchois says.
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‘Tesla is bigger than Musk’: Jefferies says investors shouldn’t be shaken by Twitter ‘distraction’
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Doordash stock drops 15%, heads for worst day ever on spending concerns
Doordash‘s stock plummeted toward its worst session ever as investors rejected the company’s aggressive spending strategy. The food delivery platform said it plans to shell out “several hundred million dollars” next year on new product initiatives like autonomous delivery and a new global tech stack. These plans will improve its product globally, but involve “direct […]
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Duolingo stock plunges 27% on light guidance as company prioritizes user growth
Duolingo‘s stock cratered 27% on lighter-than-expected guidance as the language learning platform zeroed in on user growth in lieu of near-term monetization. “We have made a slight shift over the last quarter in how we invest, and we’re investing a lot more in long-term things because we see that as such a big opportunity ahead […]
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Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue
Scott Olson | Getty Images Snap stock surged 13% on Thursday after announcing a $400 million deal with Perplexity AI and releasing its third-quarter financial results. The company said that it will be integrating Perplexity’s artificial intelligence-powered search engine directly into the Snapchat app. As part of the agreement, Perplexity is set to pay the […]
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