Cloud file syncing and sharing company Box on Wednesday saw its stock fall by as much as 7 percent after the company released better-than-expected earnings for the second quarter of its 2018 fiscal year, which ended on July 31. EPS: Excluding certain items, a loss of 11 cents per share vs. a loss of 13 […]
Read moreBroadSoft, a U.S. provider of software that helps companies offer cloud-based communications services, is exploring its options, including the potential sale of the company, according to people familiar with the matter. Shares of BroadSoft jumped more than 10 percent in afternoon trade. The move comes as BroadSoft faces increasing competition from larger technology companies such […]
Read moreApple is getting closer to the $1 trillion mark. Shares of the iPhone maker hit another all-time high Wednesday. At $163.89, they are just $30 a share away from making Apple the first U.S. company to cross the $1 trillion threshold in terms of market capitalization. That would put Apple’s size slightly less than the […]
Read moreUber’s new CEO will start on Tuesday next week, he told staffers on Wednesday, leaving his post as the CEO of Expedia. In an all-hands meeting with employees, Dara Khosrowshahi also said something that will be music to the ears of shareholders and retail investors looking to get in on the most valuable venture-backed company […]
Read moreSenator Dianne Feinstein on Tuesday reminded her hometown of San Francisco how far women’s rights in the U.S. have come over the last 60 years. Speaking just blocks away from the headquarters of Uber, which has been plagued this year by complaints of sexual harassment, the senior Democratic senator from California told hundreds of supporters […]
Read moreUber now officially has a new CEO. But that doesn’t mean the drama is over for former boss Travis Kalanick. Some shareholders and board members are still fighting over the role of board member Kalanick in a nasty lawsuit. That suit could stymie a “major” investment round for Uber, an early personal investor in Uber […]
Read moreBernstein is downplaying the significance of the recent announcement that Disney intends to pull its movies from Netflix. The firm reiterated its overweight rating on the video streaming company’s shares, predicting Netflix’s international growth will continue to surge. Disney’s movies are shown on Netflix in the U.S. and Canada but only in two other countries, […]
Read moreBillionaire investor Warren Buffett told CNBC on Wednesday that he’s never sold a share of his Apple stock. “I’ve never sold a share,” the chairman and CEO of Berkshire Hathaway said on “Squawk Alley.” But Buffett declined to answer whether he is buying more. “I certainly was buying last quarter and I don’t pay attention […]
Read moreTech companies are already counting the cost of sweeping EU rules on data protection that will not be introduced until next year. A Financial Times survey has revealed that he sector is scrambling to hire new staff and redesign products as it faces millions of dollars in higher costs and lost revenues. The FT contacted […]
Read more“I have to tell you, I am scared.” So says Uber’s new CEO pick, Dara Khosrowshahi, in a note he sent to his staff at Expedia, where he was CEO for more than a decade. Of course he’s scared. Who wouldn’t be? Uber is one of the most fabled start-up stories of all time and, […]
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