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 […]
AppLovin short-seller urges exclusion of the stock from S&P 500 index Read More »
Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. Justin Sullivan | Getty Images When unveiling Apple Intelligence last summer, one of Apple’s flashiest demos showed the Siri voice assistant juggling several apps to help a user plan a lunch
Apple delays Siri AI improvements to 2026 Read More »
Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares climbed about 5% after the company posted strong first-quarter earnings and guidance that signaled ongoing artificial intelligence demand. The chipmaker posted adjusted earnings of $1.60 per share on $14.92 billion in revenue. That surpassed the adjusted earnings of $1.49 per
Broadcom shares rise as AI growth powers strong guidance Read More »
Nvidia CEO Jensen Huang delivering a keynote address at the Consumer Electronics Show in Las Vegas, Nevada on Jan. 6, 2025. Patrick T. Fallon | Afp | Getty Images More than two years into the generative artificial intelligence boom, Wall Street is setting an increasingly high bar for chipmakers. When it comes to earnings reports
Chipmakers are finding that good earnings aren’t enough to please Wall Street Read More »
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S. Carlos Jasso | Bloomberg | Getty Images Now that President Trump has announced plans for a Strategic Bitcoin Reserve, crypto industry leaders can focus on what else they
Trump’s first White House Crypto Summit has VIPs pushing for favorable laws Read More »
AI and Crypto Czar David Sacks speaks with President Donald J Trump as he signs executive orders in the Oval Office at the White House on Jan. 23, 2025 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images President Donald Trump signed an executive order on Thursday creating a Strategic Bitcoin Reserve,
Trump signs executive order establishing U.S. strategic bitcoin reserve Read More »
Jaque Silva | Nurphoto | Getty Images Oracle’s Federal Electronic Health Record experienced a nation-wide outage on Tuesday, the Department of Veterans Affairs confirmed to CNBC. The agency said “all users” of the company’s Federal EHR, including the VA, the Department of Defense, the U.S. Coast Guard and the National Oceanic and Atmospheric Administration, were
Oracle’s Federal Electronic Health Record experienced a nation-wide outage Read More »
Antonio Neri, CEO of Hewlett Packard Enterprise, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, October 20, 2023. Brendan McDermid | Reuters Hewlett Packard Enterprise shares slid 16% in extended trading on Thursday as the data center equipment maker issued quarterly and full-year
HPE to cut 2,500 employees as stock slides 16% on weak earnings outlook Read More »
Alexis Ohanian David A. Grogan | CNBC Content aggregator Digg is making a comeback with the help of an unlikely partner: Reddit co-founder and rival Alexis Ohanian. Ohanian and Digg founder Kevin Rose acquired the platform for an undisclosed sum. The deal is backed by venture capital firms True Ventures, where Rose is a partner,
Digg founder teams up with former Reddit rival to buy and revive website Read More »
A sign is posted in front of a One Medical office on July 21, 2022 in San Rafael, California. Justin Sullivan | Getty Images One Medical CEO Trent Green will step down from the Amazon-owned primary care provider after less than two years in the role. Green is leaving One Medical to become CEO of
Amazon’s One Medical CEO stepping down after less than two years at helm Read More »
