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Snap shares soar on better-than-expected profit and revenue

Snap shares soar on better-than-expected profit and revenue

The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles. Andrej Sokolow | Picture Alliance | Getty Images Snap shares jumped rallied in extended trading on Tuesday after the company reported better-than-expected fourth-quarter results. Here is how the company did compared with Wall Street’s expectations. Earnings per share: 16 cents adjusted vs. […]

Snap shares soar on better-than-expected profit and revenue Read More »

Amazon to face legal action after Quebec warehouse closures trigger mass layoffs

Amazon to face legal action after Quebec warehouse closures trigger mass layoffs

An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022.  Graham Hughes | Bloomberg | Getty Images Amazon is set to face legal action from a Canadian union after the company’s decision to wind down warehouse operations in Quebec. The Federation of National Trade Unions, known

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Apple launches app for party invitations in recurring revenue push

Apple launches app for party invitations in recurring revenue push

Apple CEO Tim Cook gestures as he poses on the red carpet during arrivals for the screening of the mini-series “Disclaimer”, out of competition, at the 81st Venice Film Festival, in Venice, Italy August 29, 2024.  Louisa Gouliamaki | Reuters Apple on Tuesday released a new app for creating invitations and sending them to contacts.

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Spotify shares pop 10% after company reports first profitable year

Spotify shares pop 10% after company reports first profitable year

Spotify’s Co-founder and CEO Daniel Ek attends a live recording panel at Acquired, a technology podcast, at the Chase Center in San Francisco, California, U.S., Sept. 10, 2024. Laure Andrillon | Reuters Spotify shares climbed 10% Tuesday after the music streaming company recorded its first full year of profitability, closing the fiscal year with 1.14

Spotify shares pop 10% after company reports first profitable year Read More »

Palantir soars 27% to record high as AI powers strong earnings and guidance

Palantir soars 27% to record high as AI powers strong earnings and guidance

Palantir surged more than 27% on Tuesday to a record high after reporting stronger-than-expected fourth-quarter results and guidance driven by ongoing artificial intelligence gains. The Denver-based software company posted adjusted earnings of 14 cents per share and $828 million in revenue. That topped the 11 cents per share and revenues of $776 million expected by

Palantir soars 27% to record high as AI powers strong earnings and guidance Read More »

PayPal reports fourth-quarter earnings beat as growth picks up at Venmo

PayPal reports fourth-quarter earnings beat as growth picks up at Venmo

Alex Chriss, CEO of PayPal Inc. Courtesy: PayPal PayPal reported better-than-expected fourth-quarter results on Tuesday and issued guidance that also topped analysts’ expectations. Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.19, adjusted vs. $1.12 expected Revenue: $8.37 billion vs. $8.26 billion expected For

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Asia tech stocks rise after Trump pauses tariffs on China and Mexico

Asia tech stocks rise after Trump pauses tariffs on China and Mexico

Meituan Dianping application icons are displayed on an Apple Inc. iPhone in Hong Kong, China, on Friday, March 23, 2018. Justin Chin | Bloomberg | Getty Images Asian tech stocks rose Tuesday, following news that U.S. president Donald Trump had paused tariffs on Mexico for a month, while also postponing tariffs on Canadian exports. Gains

Asia tech stocks rise after Trump pauses tariffs on China and Mexico Read More »

Silicon Valley venture capital pioneer Dick Kramlich, an early investor in Apple, dies at 89

Silicon Valley venture capital pioneer Dick Kramlich, an early investor in Apple, dies at 89

Dick Kramlich, founder of New Enterprise Associates, discusses on “Sexism in the valley” during the third day of Web Summit in Altice Arena on Nov. 8, 2017 in Lisbon, Portugal.  Horacio Villalobos | Corbis News | Getty Images Dick Kramlich, the venture capital pioneer who co-founded New Enterprise Associates almost 50 years ago and built

Silicon Valley venture capital pioneer Dick Kramlich, an early investor in Apple, dies at 89 Read More »

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