Despite a flood of analyst upgrades on Wall Street, Snap shares fell 5 percent this week. And two upcoming events could send the stock to fresh lows. The social media company has already tanked 44 percent since its March 2 IPO, and with the stock’s lockup period expiring over the weekend and Q2 earnings to […]
Read moreSome see a huge miss when they look at Amazon‘s latest earnings report, but retailers see exactly why they’re struggling to compete. The internet giant is growing sales, but Amazon isn’t worried about the bottom line as it continues to invest heavily in its many businesses. The investments are hurting profits, but they’re also setting […]
Read moreA key government incentive benefiting Tesla buyers is dwindling, according to Edmunds. The online automotive research site estimates Tesla has only about 79,000 federal tax credits left, and says this could be a concern for new buyers, especially those interested in the company’s lower priced Model 3. The U.S. government offers a tax credit for […]
Read moreOn Thursday, Amazon revealed that growth of its public cloud business had slowed to the lowest point in at least three years in the second quarter: Amazon Web Services revenue, at $4.1 billion, was up 42 percent year over year. Competitors might have taken a moment to cheer immediately after the Amazon earnings release. But […]
Read moreIntel reported better-than-expected second-quarter earnings Thursday, but one analyst on Wall Street is not convinced it is a sign of better things to come. Jefferies reiterated its underperform rating for Intel, saying new products from its competitors will take market share away from the company. “Intel beat and raised on better top line and operational […]
Read moreA driver in the United Kingdom has destroyed his Ferrari supercar in an accident after owning it for just one hour. Police in South Yorkshire said the driver was able to walk away with just cuts and bruises after the Ferrari 430 “went airborne and burst into flames” in South Yorkshire on Thursday. It’s unclear […]
Read moreFor months, the world has been captivated by the slow drip of information about Russia’s interference in the 2016 U.S. presidential election. R. David Edelman, a former advisor to President Obama on technology and cyber issues isn’t as worried about what the Russians did in the past as he is about what the state-actor could […]
Read moreSnap’s so-called share lockup period ends on Monday, potentially allowing early investors in the March IPO to unload hundreds of millions of shares on an already wary market. Snap investors and key employees were prevented from selling all their shares during predetermined lockup period. However, early investors and insiders including CEO Evan Spiegel, CTO Robert […]
Read moreFor the second time, Chinese security researchers were able to hack a Tesla Model X, turning on the brakes remotely and getting the doors and trunk to open and close while blinking the lights in time to music streamed from the car’s radio — an effect they dubbed “the unauthorized Xmas show.” The complex hack […]
Read moreShares of online real estate broker Redfin hit the public market on Friday in a $138.5 million IPO. The stock popped more than 30 percent when it opened for trading mid-morning. The stock was listed on the Nasdaq under the symbol “RDFN.” The 9.23 million share offering priced at $15 a share, above the expected […]
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