microsoft Microsoft Cloud Services Drive Strong Quarterly Revenue Growth Microsoft reports higher-than-expected quarterly sales and earnings, fueled primarily by rapid expansion in its cloud computing division. The strong performance highlights continued corporate demand for cloud infrastructure and software services.
twitter Twitter Adopts Poison Pill Strategy to Thwart Elon Musk Buyout Twitter's board implements a shareholder rights plan to prevent Elon Musk from acquiring a controlling stake in the company. The strategy dilutes the ownership of anyone who attempts to purchase more than 15% of the social network without board approval.
nvidia Nvidia Beats Q4 Expectations as AI and Gaming Sales Surge Nvidia reports strong fourth-quarter earnings that exceed analyst expectations, driven by massive growth in its data center and gaming divisions. The chipmaker also provides an optimistic forecast for the current quarter as supply constraints begin to ease.
meta Meta Plunges in Historic Market Cap Loss After Facebook User Drop Meta experiences a record-breaking market value decline as Facebook reports its first-ever drop in daily active users. The historic loss raises serious concerns about the company's future growth and its expensive metaverse pivot.
microsoft Microsoft Beats Q4 Earnings Expectations as Azure Growth Hits 51% Microsoft reports strong fiscal Q4 earnings with $46.2 billion in revenue, driven by a 51% surge in Azure growth. Despite beating analyst expectations, the company's shares fall slightly in after-hours trading.
ipo Five Tech Unicorns Cap Off Record 2020 IPO Wave Airbnb, Affirm, C3.ai, Roblox, and Wish officially file for IPOs to close out a historic year for public offerings. The wave signals a broader shift in how tech companies approach going public.
wall street Wall Street's Tech Fever Breaks as Major Stocks Suffer Weekly Decline After months of public market valuations outpacing private investor expectations, a major selloff hits big tech and SaaS stocks. This sudden shift potentially threatens the high startup valuations that venture capitalists recently feel forced to accept.
facebook Facebook Smashes Q3 Revenue Expectations as Pandemic Boosts Digital Ads Facebook reports $21.5 billion in Q3 revenue, easily beating analyst estimates thanks to a pandemic-driven shift to online commerce. The social giant also anticipates strong Q4 growth driven by holiday advertising and Oculus Quest 2 sales.
intel Intel Stock Drops 10% Despite Beating Q3 Earnings Expectations Intel shares fall sharply in after-hours trading as investors react to a major revenue miss in the company's Data Center Group. Despite meeting overall profit and revenue expectations, a 47% decline in enterprise sales sparks pandemic-related growth fears.
nasdaq Nasdaq Drops as Disney Earnings Disappoint While Cisco Surges The Nasdaq opens sharply lower as weak Disney earnings weigh on market sentiment, though strong results from Cisco provide a bright spot for investors.
palantir Palantir and Asana Test Direct Listing Method as Alternative to Traditional IPOs Tech companies Palantir and Asana are going public this week through direct listings, doubling the number of tech firms that used this method in the past two years. The move bypasses Wall Street underwriters and avoids traditional IPO fees.
unity software Video Game Developer Unity Software Debuts on Wall Street Unity Software, the company behind the popular game development engine used to create hits like Fall Guys, goes public on the New York Stock Exchange under the ticker symbol "U."
snowflake Cloud Data Firm Snowflake Prices Record $33.3 Billion IPO Snowflake prices its initial public offering above an increased range, valuing the cloud data company at $33.3 billion. Major investors like Berkshire Hathaway and Salesforce back the highly anticipated offering as the cloud software market surges.
softbank SoftBank Stock Drops After Report Exposes Massive Tech Derivatives Bets SoftBank shares fall sharply as reports identify the Japanese conglomerate as the mysterious "Nasdaq whale" making billion-dollar options bets on technology stocks.
softbank SoftBank Revealed as Massive Tech Options Buyer Fueling Market Frenzy SoftBank reportedly acts as the mysterious "Nasdaq whale" by purchasing billions of dollars in big tech call options. This massive derivatives strategy drives extraordinary trading volumes before the market experiences a sharp reversal.