Techno

Latest news update about Technology from various trusted source.

Delivery Hero shares plunge on disappointing 2022 earnings guidance

The logo of German food delivery service Delivery Hero. Sean Gallup | Getty Images European food delivery firm Delivery Hero saw its share price plunge Thursday after announcing earnings guidance that disappointed traders. The Germany-based company said it generated 9.6 billion euros ($11 billion) in gross sales volume in the …

Read More »

CLSA assesses the impact of rates on SoftBank’s investment strategy

The current interest rate environment could favor Japanese conglomerate SoftBank Group’s strategy of long-term investing as it looks to buy earlier stage tech companies at lower valuations, according to CLSA’s Oliver Matthew. With prices of potential acquisitions now coming down as investors brace for higher rates, Matthew told CNBC’s “Squawk …

Read More »

Uber earnings Q4 2021

Uber reported fourth-quarter earnings after the bell on Wednesday. The company beat analyst estimates on revenue for the quarter and said it’s starting to bounce back from headwinds caused by the omicron coronavirus surge. The company’s stock was up more than 6% in after-hours trading. Here are the key numbers: …

Read More »

Twilio (TWLO) earnings Q4 2021

Shares of cloud communications software builder Twilio jumped as much as 29% after the company issued fourth-quarter results and quarterly revenue guidance that sped past expectations. Here’s how the company did: Earnings: Loss of 20 cents per share, vs. loss of 22 cents per share as expected by analysts, according …

Read More »

Disney makes up ground on Netflix, blowout Disney+ subscriber adds

In this photo illustration the Disney+ logo seen displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images The Streaming Wars are heating up — at least between Disney and Netflix. Disney added 11.8 million Disney+ subscribers globally in the fiscal first quarter, topping the average analyst estimate …

Read More »

Facebook market cap under $600 billion threshold for antitrust bills

Facebook’s shrinking market cap could hold one upside for the tech giant: the possibility of skirting new antitrust liability. The company, recently renamed Meta, closed with a market cap below $600 billion on Tuesday for the first time since May 2020. The stock fell 2.1%, bringing it to a market …

Read More »

Disney (DIS) fiscal Q1 2022 earnings

Bob Chapek, CEO of Walt Disney Patrick T. Fallon | Bloomberg | Getty Images Disney reported earnings for its fiscal first quarter Wednesday that beat analyst estimates on earnings per share and revenue. The stock popped about 8% in extended trading on the news. Here are the results. Earnings per …

Read More »

Salesforce tells employees it’s working on NFT cloud service

Marc Benioff of the United States, Chairman and CEO of Salesforce.com, delivers a speech at the World Economic Forum in Davos, Switzerland, on January 22, 2020. Fabrice Coffrini | AFP | Getty Images Salesforce told employees at a sales kickoff on Wednesday that the company plans to release an NFT …

Read More »

Microsoft issues app principles ahead of Activision acquisition

Microsoft announced several commitments Wednesday on operating digital storefronts in a way that might help it appear more friendly to outside developers — and safeguard its $69 billion Activision Blizzard deal. The company wants to strike a more open tone than its highly valued peers as regulators and politicians look …

Read More »

Tesla recalls over 26,600 vehicles over windshield defroster software

Tesla Super Charger Courtesy: Tesla Tesla is recalling 26,681 vehicles over defective windshield defroster software that may reduce visibility, the National Highway Traffic Safety Administration said on Wednesday. The recall applies to some 2021-22 Model 3, Model S, Model X and 2020-22 Model Y vehicles. A software error can cause …

Read More »