rivian Rivian Posts $1.7 Billion Q2 Loss Amid Supply Chain Headwinds Rivian confirms a $1.7 billion net loss for the second quarter while raising its full-year loss outlook to $5.4 billion. Despite rising costs and layoffs, the EV maker shows strong demand and significant production growth.
rivian Rivian Beats Revenue Expectations Despite Raising Annual Loss Forecast Rivian reports stronger than expected Q2 revenue and growing vehicle demand, but increases its 2022 loss projection to $5.45 billion due to supply chain issues and inflation.
rivian Rivian Boosts 2022 Loss Forecast to $5.45 Billion Amid Supply Chain Woes Rivian maintains its target of delivering 25,000 electric vehicles this year despite expecting an extra $700 million in cash burn. The automaker reports rising preorders and a Q2 revenue beat as it navigates inflation and recent layoffs.
disney Disney Streaming Surpasses Netflix With 221 Million Total Subscribers The Walt Disney Company beats expectations by adding 14.4 million Disney+ subscribers in the third quarter, pushing its combined streaming audience past Netflix.
disney Disney Streaming Surpasses Netflix With 221 Million Total Subscribers The Walt Disney Company beats expectations by adding 14.4 million Disney+ subscribers in the third quarter, pushing its combined streaming audience past Netflix.
robinhood Robinhood Cuts 23% of Staff as CEO Admits 2021 Over-Hiring Mistake Robinhood lays off over 700 employees, just months after an initial round of job cuts. CEO Vlad Tenev takes full responsibility for over-hiring during the 2021 market boom.
tusimple TuSimple Explains Highway Crash Cause Amid Federal Safety Investigation TuSimple's CEO reveals that human error and an outdated system command cause an autonomous truck to swerve into a highway barrier. Federal regulators are currently investigating the April incident as the company upgrades its safety interface.
match group Match Group Scraps Tinder Metaverse Plans Amid Executive Shake-Up Match Group is abandoning Tinder's crypto and metaverse dating ambitions following disappointing quarterly earnings and the sudden departure of CEO Renate Nyborg.
tusimple TuSimple Blames Human Error for April Autonomous Truck Highway Crash TuSimple's CEO explains that a sudden highway crash involving one of its autonomous trucks stems from a driver attempting to engage the system prematurely. Federal regulators are actively investigating the incident while the company overhauls its safety software.
pinterest Pinterest Stock Surges 20% Despite Disappointing Q2 Earnings Pinterest sees its stock jump over 20% after reporting flat user growth and lower-than-expected profits, as investors find relief in results that are not as terrible as feared.
apple Apple Posts $83 Billion in Q3 2022 Revenue Amid Mixed Product Sales Apple generates $83 billion in revenue and $19.4 billion in profit for the third fiscal quarter of 2022. While iPhone and Services categories hit record highs, Mac and Wearables experience slight declines.
amazon Amazon Posts Strong Q2 Revenue Despite Ongoing Cost Pressures Amazon surpasses second-quarter revenue expectations and provides an optimistic third-quarter forecast, causing shares to jump over 13%. The tech giant reduces its massive workforce by 99,000 employees as it navigates inflation and pandemic-era overexpansion.
meta Meta Posts Disappointing Q2 Earnings Amid Plummeting Ad Revenue Facebook parent Meta misses earnings expectations and issues a weak third-quarter forecast due to slowing advertising demand. The tech giant's stock loses half its value this year as marketers drastically reduce spending.
alphabet Alphabet Reports $69.7 Billion Q2 Revenue Driven by Search and Cloud Alphabet achieves $69.7 billion in Q2 2022 revenue, marking a 13 percent increase from the previous year. Search and Cloud lead the growth, while Other Bets continues to post significant losses.
big tech Big Tech Faces Turbulent Earnings Season Amid Economic Headwinds Major technology companies prepare to report second-quarter earnings this week under the shadow of inflation and recession fears. Despite the gloomy macroeconomic backdrop, early signs from Samsung and Amazon offer cautious hope for the sector.