Tag Archives: technology
Robinhood cutting workforce by 23%
By Hannah Lang (Reuters) -Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 23% of its employees, sending its shares down more than 3% in extended trading. The compa...
Aug 02, 2022
AMD forecasts current-quarter revenue largely below estimates
By Yuvraj Malik and Jane Lanhee Lee (Reuters) -Advanced Micro Devices Inc on Tuesday forecast third-quarter revenue slightly below Wall Street estimates, and the chip designer's shares fell 5%. The co...
Aug 02, 2022
PayPal reveals $2 billion stake held by Elliott, announces new CFO
(Reuters) - PayPal Holdings said on Tuesday Elliott Investment Management has an over $2 billion investment in the company, making the activist investor one of the largest shareholders in the fintech ...
Aug 02, 2022
Electronic Arts sales forecast disappoints as gaming craze cools
(Reuters) - Electronic Arts Inc on Tuesday forecast quarterly adjusted sales below estimates as easing COVID-19 curbs cool the pandemic-era gaming rage by unlocking other avenues for entertainment. Th...
Aug 02, 2022
Michigan working to attract chip manufacturers under new U.S. bill – governor
By David Shepardson WASHINGTON (Reuters) - Michigan Governor Gretchen Whitmer said the state is well positioned to attract new investment in semiconductor chips manufacturing after Congress passed $52...
Aug 02, 2022
Exclusive: U.S. game software developer Unity to spin off China unit to fuel expansion – sources
By Josh Ye, Julie Zhu and Kane Wu HONG KONG (Reuters) - Unity Software Inc, the U.S. developer best known for software used to design video games, is in talks to spin off its China unit to help it exp...
Aug 02, 2022
Robinhood’s crypto arm fined $30 million by New York State’s financial regulator
(Reuters) - New York State's financial regulator has fined the crypto arm of Robinhood Markets Inc $30 million for alleged violations of anti-money-laundering, cybersecurity and consumer protection ru...
Aug 02, 2022
Italy’s communication authority fines Google over gambling advertising
MILAN (Reuters) - Italy's communication authority said on Tuesday it had fined tech giant Google, owned by parent company Alphabet, 750,000 euros ($766,350) for allegedly breaching a ban on gambling a...
Aug 02, 2022
Uber likely to sell 7.8% stake India’s Zomato – source, document
NEW DELHI (Reuters) - Uber Technologies is likely to sell a 7.8% stake in Indian food delivery firm Zomato through a $373 million block deal on Wednesday, according to a source familiar with the matte...
Aug 02, 2022
Lidar maker Innoviz signs $4 billion supply deal with Volkswagen
By Paul Lienert (Reuters) - Innoviz Technologies will supply hardware and software to Volkswagen AG's Cariad unit in a deal valued at $4 billion, the Israeli company said on Tuesday. The components, i...
Aug 02, 2022
