Netflix shared its second-quarter earnings report after the bell on Wednesday, and the numbers were not as great as the analysts expected. As a result, the company’s shares have dipped more than 4% in after-hours trading.
Netflix reported revenue of $8.19 billion, which is 2.7% higher compared to the same...
New York stocks moved higher on Tuesday, with significant gains coming from tech stocks riding the artificial intelligence (AI) wave. The tech-heavy Nasdaq Composite Index rose by over 3%.
While the stock market at large has largely been hampered by waning investor optimism, an increasing volume of investors has been...
Tech giant Meta is scaling down its involvement in the cryptocurrency world; at least for now. The parent company of Facebook, WhatsApp, and Instagram is pulling the plug on the crypto-focused digital wallet Novi.
According to the statement on Novi's official website, the service will stop taking payments on July...
Tech giant Apple has lost its position as the most valuable company in the world. According to Refinitiv, a global financial market data, and infrastructure provider, Apple was surpassed by Saudi Aramco. The Saudi Arabian public petroleum and natural gas company is now worth $2.43 trillion, while Apple dropped...
Elon Musk, CEO of Tesla Motors and the wealthiest person in the world, is attempting to take his fascination with the social media platform Twitter to another level. Musk recently made public his offer to buy Twitter for $40+ billion at $54.20 per share.
https://twitter.com/elonmusk/status/1514564966564651008
Twitter is Musk's social media of...
Nvidia's plans to acquire chip designer Arm from Softbank are officially off the table. The news was confirmed by both companies via press release on Tuesday.
Nvidia previously agreed to purchase Arm for $40 billion in cash and stocks back in late 2020. The news caused Nvidia's stocks to soar,...
Technology conglomerate Alphabet, the parent company of Google and multiple former Google subsidiaries, released its quarterly earnings statement on Tuesday and revealed some big news in the process. Aside from reporting a 36 percent increase in profit in the last three months of 2021, the company also unveiled plans...
U.K.-based digital banking app Revolut has signaled its intention to enter the U.S. market by launching a commission-free stock trading platform for United States stocks, the company announced on Wednesday. This move will see the company compete with financial services companies such as Charles Schwab Corp. and fellow digital...
Self-driving tech startup Nuro announced on Wednesday that it will be launching an autonomous driving delivery service for 7-Eleven in California, the first of its kind in the state. The service will make use of Toyota Priuses that have been converted into autonomous vehicles while safety drivers will remain...
Technology conglomerate Tencent Holdings has been subjected to further scrutiny from China, with the government now instructing Tencent to submit any new apps and updates for inspections before their release. According to Chinese financial media outlet Yicai, this new requirement comes after several of Tencent's apps were found to...