Day: April 27, 2023

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Amazon stock dips as uncertain cloud outlook overshadows revenue beat

Amazon reported better-than-expected revenue on Thursday, but the stock's initial pop was wiped out after executives…

Snap plunges on first-quarter revenue miss

Snap shares dropped as much as 20% after hours on Thursday as the company reported…

The pandemic drove Clubhouse to a $4 billion valuation that never looked sustainable

Social audio platform Clubhouse announced Thursday that it was laying off half its staff in…

Intel reports largest quarterly loss in company history

Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s…

Amazon’s 18% cloud revenue growth impresses even as margin narrows

Amazon Web Services CEO Adam Selipsky speaks at the CERAWeek by S&P Global conference in…

Coinbase offers a fiery response to the SEC’s threat of enforcement action

Crypto exchange Coinbase offered a fiery response on Thursday to last month's Wells notice from…

Cloudflare stock plunges more than 20% after revising guidance down

Signage outside the Cloudflare headquarters in San Francisco, California, U.S., on Tuesday, Feb. 8, 2022.…

Meta shares pop 14%, reaching a 52-week high on guidance, sales increase

Meta shares gained more than 14% on Thursday, touching a new 52-week high, as analysts…

Lyft to cut 1,072 employees, or 26% of its workforce

Ramin Talaie | Corbis News | Getty ImagesRide-hailing app Lyft will lay off 1,072 employees,…

Comcast beats estimates despite slowing broadband growth, higher Peacock losses

Comcast topped analyst expectations with its first-quarter earnings report Thursday, despite the cable and media…