Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty ImagesReddit shares dropped more than 6% Thursday after the social media...
Lyft shares shed more than 9% after the ride-sharing app reported lackluster fourth-quarter results and offered weak bookings guidance as it lowers prices to keep up with competition.The company reported revenues of $1.55 billion, versus the $1.56 billion expected by analysts polled by LSEG. Bookings, which measures the charges...
Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer gave optimistic commentary for its fiscal 2026 and delayed annual report that overshadowed its slashed fiscal 2025 revenue guidance in Tuesday's preliminary second-quarter results....
Megacap technology companies funneled billions of dollars into artificial intelligence last year to try and keep up with unfettered demand. The hype isn't dying down in 2025.Meta, Amazon, Alphabet and Microsoft intend to spend as much as $320 billion combined on AI technologies and datacenter buildouts in 2025, based...
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho.Drew Angerer | Getty ImagesAffirm shares jumped 16% Friday after the buy now, pay later company topped...
Sopa Images | Lightrocket | Getty ImagesPinterest shares surged 20% after beating Wall Street's fourth-quarter sales estimates and showing robust user growth from a year ago.The image-sharing company reported revenues of $1.15 billion, ahead of a $1.14 billion estimate from analysts surveyed by LSEG. The figure represented 18% year-over-year...
Roblox shares plunged more than 12% after the gaming platform fell short of Wall Street's bookings and daily active user estimates.Roblox reported bookings of $1.36 billion for the fourth quarter, versus the $1.37 billion expected by analysts polled by LSEG. Daily active users came in at 85.3 million, reflecting...
Roblox shares plunged 11.1% after the gaming platform fell short of Wall Street's bookings and daily active user estimates.The stock posted its worst day since May 2024.Roblox reported bookings of $1.36 billion for the fourth quarter, versus the $1.37 billion expected by analysts polled by LSEG. Daily active users...
CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022.Mateusz Wlodarczyk | Nurphoto | Getty ImagesAlphabet shares dropped more than 7% on Wednesday after the search giant fell short of Wall Street's fourth-quarter revenue expectations and announced big spending plans for its ongoing artificial intelligence...
FILE PHOTO: Spencer Rascoff, co-founder and executive chairman of dot.LA, speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 4, 2020.Patrick T. Fallon | Bloomberg | Getty ImagesMatch Group announced on Tuesday that Zillow co-founder Spencer Rascoff will serve as its new CEO.Rascoff, who has...