Tag Archives: Enterprise

Tesla stock down after third-quarter deliveries report

SpaceX Chief Engineer Elon Musk gestures during a joint news conference with T-Mobile CEO Mike Sievert (not pictured) at the SpaceX Starbase, in Brownsville, Texas, August 25, 2022. Adrees Latif | Reuters Shares of Tesla slid about 5% in premarket trading Monday after the electric vehicle maker released third-quarter production …

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Apple sparks tech sell-off; Alphabet, Microsoft hit 52-week lows

Apple CEO Tim Cook speaks at an Apple special event at Apple Park in Cupertino, California on September 7, 2022. – Apple is expected to unveil the new iPhone 14. (Photo by Brittany Hosea-Small / AFP) (Photo by BRITTANY HOSEA-SMALL/AFP via Getty Images) Brittany Hosea-small | Afp | Getty Images …

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DocuSign to cut workforce by 9% as part of restructuring plan

The Docusign Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Thursday, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images DocuSign will lay off 9% of its workforce as part of a major restructuring plan, the company announced Wednesday. The plan is designed …

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Penpot, an open-source rival to Figma, raises $8 million

It’s been 13 days since Adobe announced its plan to spend $20 billion on Figma, the maker of popular design software. In that time, an open-source alternative called Penpot has seen a surge in activity. Now, Penpot has fresh capital to fuel that growth. related investing news Netflix gets upgrade …

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Celsius CEO resigns in the middle of bankruptcy proceedings

Alex Mashinsky, founder and chief executive officer of Celcius Network Ltd., during a panel session at the Blockchain Week Summit in Paris, France, April 13, 2022. Benjamin Girette | Bloomberg | Getty Images Celsius Network CEO Alex Mashinsky submitted a letter of resignation Tuesday, months after the crypto company filed for …

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Crypto exchange FTX is replacing its U.S. president

Brett Harrison, FTX Source: CNBC Brett Harrison, the U.S. president of the crypto exchange FTX, announced his resignation on Tuesday, with the company in the midst of a massive expansion effort. Harrison said on Twitter that he will be moving into an advisory role at the company and said he …

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SEC fines Oracle $23 million for allegedly bribing foreign officials

A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Justin Sullivan | Getty Images Oracle has settled with the Securities and Exchange Commission after it was charged with violating the Foreign Corrupt Practices Act for a second time, the SEC announced Tuesday. The …

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How India is trying to turn itself into a semiconductor powerhouse

The government of India’s Prime Minister Narendra Modi has looked to boost the country’s chipmaking prowess. Money Sharma | AFP | Getty Images India could have a large role to play in the semiconductor industry, analysts say, as the world’s fifth-largest economy looks to boost its domestic chip sector. Along …

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Alibaba pledges $1 billion to cloud computing customers to reignite growth

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba said it will …

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Palantir CEO Alex Karp says tidal wave of macroeconomic risks will wipe out some companies

Alex Karp, CEO of Palantir arrives ahead of a “Tech For Good” meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants. Bertrand Guay | AFP | Getty Images Palantir co-founder and CEO Alex Karp believes this period of “deadly” macroeconomic uncertainties will …

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