Trending Stories from cnbc.com
Marketplace Pulse: Shopify is warning its merchants not to use Amazon's checkout service Buy with Prime, saying it is a security risk and violates Shopify's ToS
Techmeme · 3 months ago
Royal Caribbean Cruises partners with SpaceX's Starlink to offer onboard internet across all its ships, with installation scheduled to be completed early 2023
YouTube appoints Mary Ellen Coe as Chief Business Officer, following departure of Robert Kyncl
Some Google staff say they are getting a lot of COVID-19 exposure notifications after returning to office; unvaccinated staff ask Google to drop vaccine mandate
Meta's VP of Horizon, Vivek Sharma, is leaving the company after six years; the Horizon team will report directly to Meta's VP of Metaverse, Vishal Shah
Mark Zuckerberg says Meta's next VR headset will debut in October with improved eye- and facial-tracking features to bolster users' feeling of "social presence"
Salesforce reports Q2 revenue up 22% YoY to $7.72B vs. $7.69B est., net income of $68M, down from $535M YoY, and authorizes a $10B share buyback program
Nvidia reports Q2 revenue up 3% YoY to $6.7B vs. $8.1B est., gaming department revenue down 33% YoY to $2.04B, and Q3 revenue guidance of $5.9B, vs. $6.95B est.
Snowflake reports Q2 revenue of $497M vs. $467M est., up 83% YoY, and anticipates product revenue to be between $500M and $505M in Q3; stock up 17%+ after hours
Apple announces an event on September 7 at 10am PT, called "Far Out", where it is expected to announce the iPhone 14 lineup, Watch Series 8, and more
Xiaolang Zhang, a former Apple employee accused of stealing Apple's car project trade secrets, pleads guilty and faces up to 10 years in prison and a $250K fine
Zoom reports Q2 revenue up 8% YoY to $1.1B, vs. $1.12B est., Enterprise customers up 18% YoY to 204.1K, and Q3 guidance below estimates; stock is down 7%+
Elon Musk says price of FSD will rise from $12K to $15K in September when Tesla rolls out Beta 10.69.2, which lets drivers test new features on public roads
Leaked financials: FTX had revenue of $1.02B in 2021, up from $89M in 2020; operating income grew from $14M to $272M; US accounted for less than 5% of revenue
Cisco beats estimates with Q4 revenue flat YoY at $13.1B, vs. $12.8B est., and a fiscal year 2023 guidance of 4% to 6% revenue growth YoY, vs. 2.3% est.
Tencent misses with Q2 revenue down 3% YoY to ~$19.78B, its first-ever quarterly decline, due to China's COVID-19 lockdowns and strict gaming regulations
Amazon tells merchants using Fulfillment by Amazon to pay a fee of 35¢ per item sold in the US and Canada from October 15 to January 22, citing rising expenses
Techmeme · 3 months ago
Ethereum Goerli testnet merge goes live before move to proof-of-stake
Elliptic: cross-chain bridge RenBridge has been used to launder $540M in crime-related crypto cash since 2020; Conti ransomware group used it to launder $53M+
Court and financial docs show a complex relationship between Voyager and Sam Bankman-Fried's Alameda, including a possible $1.6B crypto asset loan from Voyager
Coinbase misses with Q2 revenue down 64% YoY to $808.3M, vs. $832.2M est., a $1.1B net loss, trading volume down 53% YoY to $217B, and 9M MTUs; stock falls ~5%
President Biden signs the CHIPS and Science Act into law, including $52B+ for US companies producing semiconductors, as well as billions more in tax credits
Palantir reports Q2 revenue rose 26% YoY to $473M and customers rose 250% YoY to 119; stock drops 10%+ on weak Q3 guidance and uncertainty over government deals
Apptopia: Netflix's games have 23.3M downloads and average 1.7M DAUs, under 1% of Netflix's 221M subscribers; Netflix plans to have 50 games by the end of 2022
Nvidia reports Q2 preliminary earnings, showing $6.7B revenue, down 19% from Q1 and below its $8.1B guidance, driven by lagging gaming revenue; stock drops 7%+
Amazon to acquire maker of Roomba vacuum for roughly $1.7B
Hacker News · 4 months ago
Visa suspends card payments for ad purchases on Pornhub and MindGeek
Alibaba beats with Q1 revenue flat YoY at $30.68B, its first-ever flat growth, and $3.3B net income; Cloud revenue rose 10% YoY to $2.6B; stock rises 5%+
AMTD Digital, a Hong Kong-based fintech popular on WallStreetBets, briefly sees its market cap top $300B and its stock jump 21,400% after its July 2022 IPO
Airbnb reports Q2 revenue up 58% YoY to $2.1B, vs $2.11B est., $379M net income, up from a loss of $68M YoY, and a $2B stock buyback program
AMD reports Q2 revenue up 70% YoY to $6.6B, vs $6.53B est., including Data Center segment sales up 83% YoY to $1.5B and Client segment sales up 25% YoY to $2.2B
Robinhood reports Q2 revenue down 44% YoY to $318M, vs $321M est., a $295M net loss, down from $502M YoY, and MAUs down 1.9M QoQ to 14M in June 2022
Uber reports Q2 revenue rose 105% YoY to $8.1B, above $7.39B estimates, and a $2.6B net loss; mobility gross bookings rose 57% YoY to $13.4B; stock jumps 10%+
Pinterest reports Q2 revenue up 9% YoY to $666M, vs $667M est., global MAUs down 5% YoY to 433M, vs 431M est., and a net loss of $43M; the stock jumps 21%+
AMD passes Intel in market cap
Uber unveils new features for US drivers, like showing what they'll earn and destination before accepting a trip, multiple ride requests, and a Pro debit card
Elon Musk countersues Twitter over the merger agreement in a confidential filing in a Delaware court
Amazon reports Q2 advertising services revenue grew 18% YoY to $8.76B, vs. $8.65B est., and subscription services grew 10% YoY to $8.72B
Techmeme · 4 months ago
Intel Q2: $15.3B revenue, down 22% YoY vs. $17.92B est., Datacenter and AI Group revenue of $4.6B, down 16% YoY, and $0.5B net loss; stock down 10%+ after hours
Apple reports Services revenue grew 12% YoY to $19.6B in Q3 2022 and it has 816M paying subscribers globally across all its services, down from 825M in Q2 2022
Meta CFO David Wehner will take on a new role as Meta's first chief strategy officer, starting on November 1; VP of Finance Susan Li will take over as CFO
Etsy reports Q2 revenue up 10.6% YoY to $585M, vs. $556M est., and net income down 25.6% YoY to $73.1M; stock up 5%+ after hours
Mark Zuckerberg: the economic downturn will broadly impact the digital ad business and Meta thus plans to "steadily reduce headcount growth over the next year"
Qualcomm reports Q3 revenue of $10.93B, up 37% YoY, vs. $10.88B est., net income of $3.36B, up 53% YoY, and chip segment revenue of $9.38B, up 45% YoY
US Senate passes the Chips and Science Act, including $52B+ for US chipmakers as well as tax credits to encourage investment; the bill now heads to the House
SEC filing: Twitter schedules a shareholder meeting to vote on Elon Musk's $44B acquisition deal for September 13, 2022, at 10am PT
Microsoft misses Q2 estimates with revenue of $51.87B, vs. $52.44B estimated, citing changing exchange rates plus challenges in advertising and the PC markets
Responding to criticism, Adam Mosseri says Instagram's full-screen feed is "a test" that is "not yet good" and that the app has to lean into the shift to video
Techmeme · 4 months ago