After Snap Inc. issued a grim warning on the state of the advertising landscape, Twitter Inc. blamed the economy and more as it fell short with its own result Friday. Read more
Tag: Corporate Actions
Weekend reads: Prepare for a big week — a crucial Federal Reserve decision, tech-company earnings and a GDP report
It was mostly a week for stocks, particularly a rebound in the tech-heavy Nasdaq Composite Index, as companies topped expectations on second-quarter earnings. The coming week brings a heavy dose Read more
FTX, Alameda Ventures propose deal, which may allow Voyager customers to have some money back, sooner
Billionaire Sam Bankman-Fried’s crypto exchange FTX and Alameda Ventures proposed an offer to buy all digital assets and crypto loans of Voyager Digital, which filed for bankruptcy early this month, Read more
Palantir stock’s ‘strength will prove unsustainable,’ analyst says in downgrade
Palantir Technologies Inc. shares are up nearly 50% from their May lows, but one analyst worries that “this strength will prove unsustainable.” Monness, Crespi, Hardt & Co. analyst Brian White Read more
AT&T earnings were ‘actually good’ despite stock selloff, says analyst
AT&T Inc.’s shares fell sharply Thursday after the telecommunications giant cut its free-cash-flow forecast for the year, but one analyst said the latest report wasn’t all bad. In fact, LightShed Read more
Opinion: As Snap melts down, its founders make sure to protect the people who matter: themselves
Snap Inc. has never been an investor-friendly company — as long as those investors weren’t its founders, at least — and the parent company of the Snapchat app made that Read more
How Amazon’s $3.9 billion wager on primary care could change your Prime membership
Amazon’s AMZN, +1.52% $3.9 billion acquisition of One Medical ONEM, +69.45% is the e-commerce giant’s biggest bet on healthcare to date, and it hints at a future in which primary Read more
Opinion: I’m a Silicon Valley M&A pro, and my advice to Elon Musk is to stop his courtroom gameplaying over Twitter
There is a lot more at stake for Elon Musk (and the companies he controls) in the unfolding Twitter drama than losing a Delaware Court of Chancery case and being Read more
AT&T stock in danger of worst slide in two decades after earnings
AT&T shares were sinking Thursday despite an earnings beat in a quarter with a lot of moving parts due to recent business divestments. While the company raised its annual forecast Read more
After Tesla sold most of its bitcoin, Elon Musk says he is open to buying more, though ‘cryptocurrency is a side show’
Tesla Inc. sold most of its bitcoin, seemingly at a loss, but Chief Executive Elon Musk suggested Wednesday that executives would be willing to purchase more in the future while Read more