Internet / online services

Airbnb stock fell sharply despite outperforming earnings, and plans to buy back $2 billion in stock

Airbnb said Tuesday that it made a second-quarter profit as a public company, and that it’s so confident in its business that it’s buying back $2 billion of its stock. “Our results for the second quarter show that Airbnb has achieved broad-based growth and profitability,” CEO Brian Chesky said during prepared remarks on the company’s …

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PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat

After seeing its shares lose nearly two-thirds of their value in the past year, PayPal Holdings Inc delivered a profit-heavy report on Tuesday, announcing a new CFO, buy-back authorization program and cost savings, while also confirming that activists at Elliott Management Inc. Corp. a stake in the company. Additionally, the company beat expectations with its …

PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat Read More »

PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat

After seeing its shares lose nearly two-thirds of their value in the past year, PayPal Holdings Inc delivered a profit-heavy report on Tuesday, announcing a new CFO, buy-back authorization program and cost savings, while also confirming that activists at Elliott Management Inc. Corp. a stake in the company. Additionally, the company beat expectations with its …

PayPal stock jumps 12% as company confirms Elliott stake and appoints EA exec as new CFO amid profit beat Read More »

Pinterest stock jumps more than 20% despite profit loss, as Elliott confirms stake and users remain

Pinterest Inc missed forecasts on earnings and directed lower revenue than analysts had expected in the current quarter, but shares continued to rally in after-hours trading as users paused in a quarter that prompted a sudden turnaround and attracted an active investor. pinterest pins, + 2.62% On Monday, it reported a second-quarter loss of $43.1 …

Pinterest stock jumps more than 20% despite profit loss, as Elliott confirms stake and users remain 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 »

Opinion: Is Mark Zuckerberg taking the first step towards converting Facebook to Yahoo 2.0?

Yahoo was once the most popular website on the planet, and the one place everyone on the internet seems to have touched at least once in an online session. After a shameful slip, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Did Mark Zuckerberg …

Opinion: Is Mark Zuckerberg taking the first step towards converting Facebook to Yahoo 2.0? Read More »

Tilladock loses $3 billion in three months, and shares are down 24%

Teladoc Health Inc. shares fell. By more than 24% in after-hours trading Thursday after the telehealth company received another multi-billion dollar vulnerability fee, helping bring its total losses for the first six months of the year to nearly $10 billion. Teladoc TDOC, + 7.59% Executives disclosed a $3.0 billion impairment charge on goodwill during the …

Tilladock loses $3 billion in three months, and shares are down 24% Read More »

Opinion: Is Mark Zuckerberg taking the first step towards converting Facebook to Yahoo 2.0?

Yahoo was once the most popular website on the planet, and the one place everyone on the internet seems to have touched at least once in an online session. After a shameful slip, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Did Mark Zuckerberg …

Opinion: Is Mark Zuckerberg taking the first step towards converting Facebook to Yahoo 2.0? Read More »

Opinion: Google and Microsoft earnings show that the bar has been lowered for Big Tech

Both Alphabet Inc and Microsoft Corp reported results that missed Wall Street expectations on Tuesday, but not only did investors not melt, they both saw their shares rise in after-hours trading. Amid worrying economic signs, tech stocks have taken a hit so far this year, and fears of a slowdown among the names of major …

Opinion: Google and Microsoft earnings show that the bar has been lowered for Big Tech Read More »