There are users that “misbehave” on Reddit but they a minority, the chief executive of the content sharing website said Wednesday. “Yes, there is misbehavior, but that’s generally in the minority, and it’s very important to us that we make the voices of various groups on Reddit, the volume of their voices proportionate to the […]
Read moreActivision Blizzard’s “Call of Duty: WWII” game sales are coming in significantly above last year’s iteration of the blockbuster franchise. The game publisher announced Wednesday this year’s “Call of Duty” game sold more than $500 million worldwide in its first three days of sales or double the unit sales of last year’s three-day launch weekend. […]
Read moreSnap‘s post-earnings call was “horrible,” and the stock doesn’t represent any value to investors, CNBC’s Jim Cramer said Wednesday. Cramer spoke after Snap’s stock plunged in after-hours trade Tuesday following its huge third-quarter revenue miss. The shares whipsawed Wednesday after Chinese internet giant Tencent said it has taken a roughly 10 percent stake in the […]
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Even if Qualcomm declines Broadcom’s $103 billion buyout bid, shares of the chipmaker still have plenty of ways of climbing higher over the next year, according to one Wall Street analyst. RBC Capital Markets upgraded Qualcomm shares to outperform from sector perform Tuesday, with a $70 price target, noting that Broadcom’s recent bid implied the […]
Read more[This stream is slated to begin at 10 a.m. ET. Please refresh if you do not see the feed.] The former CEOs of Yahoo and Equifax — companies which were hit with two of the biggest data breaches of all time — will be probed by senators on Wednesday about the state of America’s cybersecurity […]
Read moreSnap‘s vice president for engineering is leaving the company following weak quarterly results. Tim Sehn resigned Tuesday — the same day the company reported earnings — after more than four years as the company’s head engineer. Snap CEO Evan Spiegel said Tuesday the company would be redesigning its app to make it easier to use. […]
Read moreIf Broadcom‘s unsolicited $103 billion bid for Qualcomm succeeds, it could set up a battle with Intel for dominance in the production of the next generation of communications chips, which will play a vital role in so-called connected cars. Vehicles of every sort already are starting to add wireless chips to download everything from maps […]
Read moreSnap reported disappointing financials on Tuesday, not only on the top and bottom lines but also on expected daily active users. The stock plunged 17 percent in extended trading after the report. To Wall Street, the company looks like a mess, and here are a few reasons why. Instagram has more than 500 million daily […]
Read moreClosely followed tech analyst Mark Mahaney told CNBC on Wednesday he was wrong about Snap after the social network company’s huge third-quarter revenue miss. “We downgraded the stock to a hold last night,” said Mahaney, RBC Capital Markets’ lead internet analyst. “We’ve had a buy on it since $24. We’ve had the wrong call on […]
Read moreOne year after the U.S. elected Donald Trump as president, stocks are at a record. While Trump frequently claims that the former caused the latter, the technology industry might beg to differ. Tech giants Apple, Alphabet, Microsoft, Facebook and Amazon are the five top contributors to the S&P 500’s advance in 2017, accounting for 28 […]
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