microsoft Microsoft Surpasses Q3 Expectations as Cloud Revenue Reaches $38.4 Billion Microsoft beats Wall Street estimates for its third quarter with $30.6 billion in revenue driven by strong commercial cloud growth. Azure grows 73 percent as the tech giant's intelligent cloud segment brings in $9.7 billion.
pinterest Pinterest Prices IPO Above Range Despite Lyft's Weak Debut Pinterest prices its initial public offering at $19 per share, raising $1.4 billion and achieving a $12.6 billion market cap. The visual search engine moves forward despite recent market jitters caused by Lyft's underwhelming stock performance.
slack Slack Selects New York Stock Exchange for Upcoming Direct Listing Slack plans to bypass a traditional IPO and pursue a direct listing on the NYSE, mirroring the strategy Spotify used last year. The messaging giant chooses this route to provide liquidity for employees and investors without raising new capital.
slack Workplace Chat App Slack Confidentially Files for Public Listing Slack confidentially submits a draft registration statement to the SEC for a public listing. The business messaging company plans a direct listing and seeks a valuation exceeding $10 billion.
ipo Tech Companies Bypass Wall Street With Direct Listing Trend Major tech companies like Spotify, Slack, and Airbnb choose direct listings over traditional IPOs to avoid Wall Street fees and roadshows.
s&p global Wall Street's S&P Global Buys AI Startup Kensho for Record $550 Million S&P Global acquires financial AI company Kensho for a record-breaking $550 million to enhance its data analytics capabilities. The deal marks the largest AI acquisition to date, surpassing Google's purchase of DeepMind.
s&p global S&P Global Buys AI Startup Kensho in $550 Million Deal S&P Global acquires artificial intelligence firm Kensho for $550 million after previously serving as both a client and lead investor.