Steve Huffman, co-founder and CEO of Reddit, speaks during the WSJ Tech Live conference hosted by The Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on Oct. 21, 2024.Frederic J. Brown | Afp | Getty ImagesReddit shares fell more than 15% on Wednesday after the company...
Adam Foroughi, CEO of AppLovin.CNBCAppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts' estimates and issued better-than-expected guidance.Here's how the company performed compared with analysts' expectations, according to LSEG:Earnings per share: $1.73 vs. $1.24 expectedRevenue: $1.37 billion...
Check out the companies making headlines in postmarket trading: Reddit — The social media platform slid 17% after Reddit's user numbers fell short of Wall Street's expectations. Daily active uniques averaged 101.7 million for the fourth quarter, reflecting growth of 39% year over year but missing analysts' call for...
Avishek Das | SOPA Images | Lightrocket | Getty ImagesTrading platform Robinhood reported a surge in fourth-quarter profit on Wednesday, fueled by frenetic activity in equity and crypto markets following Donald Trump's presidential election victory.Shares of the company surged more than 11% in extended trading.Robinhood's transaction-based revenue, or income...
Cisco CEO Chuck Robbins speaking on CNBC's "Squawk Box" outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Gerry Miller | CNBCCisco shares climbed about 6% in extended trading on Wednesday after the networking hardware maker reported fiscal second-quarter results and guidance that topped Wall Street's expectations.Here's...
In an aerial view, Chevrolet cars and trucks are on display at Novato Chevrolet on Jan. 28, 2025 in Novato, California.Justin Sullivan | Getty ImagesAmericans shopping for cars may need to fork over thousands more if President Donald Trump's proposed tariffs go into effect, according to data from investment...
Check out the companies making headlines in midday trading: Baidu — The Chinese tech stock added 4% after a source familiar with the matter revealed that Baidu plans to release the next generation of its artificial intelligence model later this year. The source said that "foundational model" Ernie 5.0...
Cartons of eggs are displayed at a grocery store with a warning that limits will be placed on purchases as bird flu continues to affect the egg industry on Feb. 10, 2025 in New York City. Spencer Platt | Getty ImagesA Federal Reserve interest rate cut won't be coming until...
If you follow fintech on X, it’s very likely that you have come across the account of Sheel Mohnot, co-founder and general partner of Better Tomorrow Ventures. With over 150,000 followers, Mohnot has built an impressive presence on the social media site. Interestingly, many of his posts have nothing to...
“The fintech market is hot again,” said Sheel Mohnot, fintech investor and founder of Better Tomorrow Ventures (BTV). “And we are going to see some more exits in the near future.” According to recent reports, fintech funding is on the rise, with global investment hitting $60 billion in the first...