Tag Archives: technology
Elon Musk plans to cut half of Twitter employees’ jobs – Bloomberg News reporter tweet
(Reuters) - Elon Musk plans to cut about 3,700 jobs at Twitter Inc or half of the company's workforce, Bloomberg News' reporter tweeted on Wednesday. (Reporting by Sneha Bhowmik in Bengaluru; Editing ...
Syndicated Content Nov 02, 2022
Uber whistleblower says current business model ‘absolutely’ unsustainable
By Sergio Goncalves LISBON (Reuters) - Mark MacGann, the whistleblower behind the so-called Uber Files, said on Wednesday that the ride-hailing company seemed to be taking steps toward improving its w...
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U.S. DOJ preparing to probe Adobe’s $20 billion Figma deal – Politico
(Reuters) - The U.S. Department of Justice is preparing to open an investigation into Adobe Inc's $20 billion takeover of Figma, Politico reported on Wednesday, citing four people with knowledge of th...
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L’Oréal suspends advertising spending on Twitter -FT
(Reuters) - Cosmetics maker L'Oral SA has suspended advertising spending on Twitter, the Financial Times reported on Wednesday, citing sources familiar with the matter. The social media platform was a...
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Aurora says it has enough cash to sustain through mid-2024
(Reuters) -Aurora Innovation Inc has enough cash to sustain its operations through mid-2024, the company said on Wednesday, even as it grapples with an uncertain market for autonomous driving. Shares ...
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Roku falls on bleak revenue forecast
(Reuters) - Shares of Roku Inc fell more than 20% in the extended trade on Wednesday after the streaming platform forecast its current quarter player and platform revenue lower than that in the last y...
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Robinhood revenue drops marginally on crypto weakness
(Reuters) - Robinhood Inc posted a small drop in third-quarter revenue on Wednesday as the online brokerage, which was at the center of last year's meme stock trading frenzy, took a hit from a fall in...
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EBay beats third-quarter revenue estimates, shares rise
(Reuters) - Ecommerce company eBay Inc on Wednesday beat Wall Street targets for third-quarter revenue as consumers snapped up luxury souvenirs and quirky gifts on its platform. Shares of the company ...
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Qualcomm forecasts earnings below estimates as smartphone market weakens
(Reuters) - Smartphone chipmaker Qualcomm Inc forecast first-quarter revenue and profit below Wall Street estimates on Wednesday as its chip business was slammed by slowing demand for mobile phones in...
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Digital bank Chime cuts 12% of workforce as stormy markets hurt fintechs
(Reuters) - Online banking company Chime has laid off 12% of its employees, a spokesperson said on Wednesday, blaming "current market dynamics" as this year's tech rout slams the once-high valuations ...
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