E-commerce

A start-up at Stanford University worth millions, could be India’s Unicorn Tech

“When we started this 12 months ago, every conversation we had was saying ‘You’re completely out of your mind, this is never going to work,’” said teen CEO Adit Balecha. However, Palicha has been able to prove these skeptics wrong – it has now approached the case of the unicorn and it is one of …

A start-up at Stanford University worth millions, could be India’s Unicorn Tech Read More »

Opinion: Big Tech shows it’s good to be big, slowing growth leads to stock gains while smaller competitors find only pain

After charging double digit growth during the pandemic, results from the five biggest tech giants in the US this week showed a slowdown as they grapple with inflation, a looming recession and an overall slowing economy, but they were largely rewarded by Wall Street because they are the size It shows their strength. Over the …

Opinion: Big Tech shows it’s good to be big, slowing growth leads to stock gains while smaller competitors find only pain Read More »

Amazon stock jumps 12% as sales win and AWS growth beats second consecutive quarterly loss

Amazon.com decided to cut expenses after years of pumping money into growth, and the result was its second consecutive quarterly loss, but outperforming sales and continued strong growth from Amazon Web Services helped propel the stock higher in after-hours trading Thursday. Amazon AMZN, + 1.08% The company reported a loss of $2 billion, or 20 …

Amazon stock jumps 12% as sales win and AWS growth beats second consecutive quarterly loss Read More »

Cathy Wood Watch: Ark reverses course, buys Shopify

Popular investor Cathy Wood, CEO of Ark Investment Management, on Tuesday reversed its stance on two major technology companies. For months she was buying Coinbase Global (Currency) – Get the Coinbase Global Inc. reportThe country’s largest cryptocurrency exchange and e-commerce selling platform Shopify (a store) – Get Shopify Inc. Class A Subordinate Report. But Ark …

Cathy Wood Watch: Ark reverses course, buys Shopify Read More »

Visa tops profit forecast as CFO sees ‘no evidence of downturn’ in spending

Visa Inc. has surpassed. Expectations for its latest results on Tuesday gave an optimistic signal to investors about the resilience of spending volumes in the current macroeconomic climate. Amid growing concern about the state of the consumer due to factors such as rising inflation and higher interest rates, Visa V, -0.83% Join the associate card …

Visa tops profit forecast as CFO sees ‘no evidence of downturn’ in spending Read More »

Shopify stocks plunge amid layoffs as CEO admits, “I got it wrong’

At the height of the COVID-19 crisis, many companies associated with online spending predicted that the pandemic would permanently change the growth trajectory of e-commerce for the better as people build new online shopping habits. Now Shopify Inc. shopping , -14.06% He became the last to admit that his expectations might have gotten out of …

Shopify stocks plunge amid layoffs as CEO admits, “I got it wrong’ Read More »

Amazon Earnings Preview: Recession Fears May Lead to Cuts to Amazon’s Cloud Computing Services

With recession fears looming, Amazon.com’s cloud services business could come under pressure, Mizuho Securities analysts warned in a note heading into the tech giant’s second-quarter earnings announcement scheduled for Thursday. Mizuho analysts recently took a call with IT service companies and found that CIOs expect a “shallow stagnation scenario” and will reduce their spending by …

Amazon Earnings Preview: Recession Fears May Lead to Cuts to Amazon’s Cloud Computing Services Read More »