Shares of cloud security company Zscaler plunged 10 percent on Thursday, following the sudden departure of Chief Operating Officer William Welch less than two months after the company’s IPO. Zscaler said late Wednesday that William Welch has resigned as COO and will remain with the company through May 14. In the statement, CEO Jay Chaudhry […]
Read moreThe old meal kit model is dead and Blue Apron is proof that meal delivery companies need more than just an online presence to survive. Blue Apron has struggled to hold onto customers amid growing competition and distribution issues. While it was able to grow subscribers by 5 percent from last quarter, the number of […]
Read moreIt was a better-than-expected quarter for Tesla, but CEO Elon Musk’s behavior is making him look unhinged, says one analyst. Consumer Edge analyst Jamie Albertine, who is bullish on Tesla and has a price target of $385, said the company’s financial results were in line with his expectations, but Musk’s behavior on Wednesday’s conference call […]
Read moreOne of the world’s largest phone brands is preparing for one of the largest IPOs in years — but it may find it very difficult to sell its products in the U.S. You might not have heard of the Chinese company Xiaomi, which filed for an initial public offering in Hong Kong on Thursday, but […]
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Every CEO would love to go off on analysts like Tesla co-founder and CEO Elon Musk did during his unusual post-earnings call, CNBC’s Jim Cramer said on Thursday. Musk cut off questioners on a Wednesday afternoon call, and at one point dismissed one question from a key analyst as “boring.” The “Mad Money” host said […]
Read moreSpotify is on pace for its worst day since going public last month — dropping more than 10 percent the day after its first earnings report. Shares opened at $154.12 after closing Wednesday at $170. The music streaming service reported better-than-expected earnings but seemed to lose investors on lighter guidance. Spotify went public last month […]
Read moreGetaway, a three-year-old start-up that offers custom-built tiny homes nestled in the heart of nature, is betting on its 140- to 200-sq.-ft. cabins to help combat the relentless pull of technology. The company is harnessing the power of design — everything from the cabins’ large windows to the Eastern White Pine used in construction — […]
Read moreTesla opened 7 percent down Thursday, a day after an earnings beat and bizarre call with analysts. Shares started trading at $278.79 after closing Wednesday just above $301. The company posted a narrower-than-expected loss and continued to burn through cash — but investors seem to weather all of that just fine. The stock ticked up […]
Read moreShares of Tesla fell on Thursday after CEO Elon Musk delivered a bizarre earnings conference call. Musk dismissed a question from Toni Sacconaghi, an analyst at Bernstein, about gross margins, calling it “boring.” The stock’s decline and Musk’s comments took place after the company reported a narrower-than-expected loss for the previous quarter. Here’s a wrap […]
Read moreMore than ever, Facebook is under pressure to prove that its algorithms are being deployed responsibly. On Wednesday, at its F8 developer conference, the company revealed that it’s formed a special team and developed discrete software to ensure that its artificial intelligence systems make decisions as ethically as possible, without biases. Facebook, like other big […]
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