amazon Amazon's Q3 Profit Drops as Inflation and E-Commerce Slowdown Bite Amazon reports a sharp decline in Q3 2022 operating and net income due to shifting shopping habits and inflation, while its cloud division remains profitable. The company's stock plunges after issuing a shockingly vague financial forecast for the upcoming holiday quarter.
elon musk Elon Musk Closes $44 Billion Twitter Takeover and Ousts Top Executives Elon Musk officially acquires Twitter for $44 billion, immediately taking the company private and firing several top executives including the CEO. The deal concludes months of chaotic legal battles and public uncertainty.
elon musk Elon Musk Seizes Control of Twitter, Fires Top Executives Elon Musk takes over Twitter and immediately dismisses the CEO, CFO, and top legal counsel. The move comes just ahead of a court-ordered deadline to finalize the $44 billion acquisition.
apple Apple Posts Record Q4 Revenue Amid Economic Uncertainty Apple reports $90.1 billion in quarterly revenue for Q4 2022, narrowly beating earnings expectations despite missing revenue targets for the iPhone, iPad, and services divisions.
elon musk Elon Musk Ousts Twitter's Top Executives After Taking Ownership Elon Musk fires Twitter's CEO, CFO, and other top leaders as his first major move as the social media platform's new owner. The sudden leadership purge creates uncertainty for the remaining employees.
amazon Amazon Stock Drops 13% on Weak Holiday Forecast and Missed Revenue Amazon shares fall sharply after the company issues a disappointing fourth-quarter revenue forecast and misses third-quarter expectations. The tech giant faces ongoing macroeconomic headwinds and a slowing retail business.
mobileye Self-Driving Tech Firm Mobileye Surges 37% in Nasdaq Debut Mobileye jumps over 37% on its first day of trading after Intel spins off the self-driving car technology company. The successful debut marks a rare significant tech IPO in a sluggish market.
argo ai Ford and VW Absorb Argo AI as Autonomous Startup Shuts Down Backed by Ford and Volkswagen, autonomous vehicle startup Argo AI closes its doors after failing to attract new investors. The automakers are absorbing the company's technology and offering positions to some of its 2,000 employees.
big tech Big Tech Stumbles as Alphabet and Microsoft Kick Off Q3 Earnings Major tech companies face disappointing results early in the Q3 earnings cycle, with Alphabet reporting particularly weak advertising revenue growth.
seagate Seagate Eliminates 3,000 Jobs Amid Slowing Tech Demand Seagate Technology is cutting 3,000 jobs as global economic uncertainties and inventory corrections reduce demand for computer hard drives. The company also faces US allegations of illegally selling drives to sanctioned Chinese telecom giant Huawei.
elon musk Elon Musk Arrives at Twitter Headquarters Ahead of Friday Acquisition Deadline Elon Musk visits Twitter's San Francisco office carrying a kitchen sink as he faces a Friday deadline to finalize his $44 billion purchase. The visit indicates the billionaire is moving forward with the acquisition after months of legal disputes.
elon musk Elon Musk Poised to Seize Control of Twitter This Week Elon Musk prepares to finalize his $44 billion acquisition of Twitter by Friday, driven by an impending court trial deadline.
alphabet Alphabet Reports $69.1 Billion Q3 Revenue Amid Economic Realignments Alphabet generates $69.1 billion in Q3 2022 revenue, showing a 6% increase year-over-year. The tech giant focuses on AI advancements and resource realignment to navigate current economic headwinds.
microsoft Microsoft Tops Earnings Expectations But Faces Slowing Cloud Growth Microsoft beats quarterly profit and revenue estimates, but its stock drops as Azure cloud growth slows and the company issues weak forward guidance.
amazon Amazon Claims Google Intimidation Stops TV Partnerships Amazon reports that hardware vendors avoid smart TV partnerships due to fears of Google retaliation. Additionally, YouTube Premium announces significant price increases across several major markets.