Category Archives for News

Coinbase revenue tripled from last quarter as crypto prices skyrocketed

bitcoin

Coinbase shares were up about 3% in after-hours trading Thursday, after reporting that revenue and net income skyrocketed in the first quarter of 2021 as the cryptocurrency trading platform capitalized on a boom in crypto prices and corresponding interest from investors. The results largely matched estimates that Coinbase delivered on April 6, about a week […]

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Spot gas shortages could worsen if Colonial Pipeline doesn’t reopen by the weekend

If the Colonial Pipeline is not back in business by the weekend, prices could continue to rise at the pump and there will be broader localized fuel shortages across the southeast and mid-Atlantic regions. Gasoline stations that could not get enough fuel were already closed in some states, and prices jumped overnight, by as much as […]

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Discord is rapidly expanding beyond gaming, attracting suitors like Sony and Microsoft

Since launching in 2015, Discord has quickly become one of the top places for video game players to gather and communicate online, and it’s growing fast. Discord counts more than 140 million monthly active users, up from 56 million at the end of 2019. The company also has 19 million weekly active “servers” — communities […]

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Peloton reports sales up 141% as cycle demand remains strong, says it’s working to quickly fix treadmills

Peloton said Thursday its fiscal third-quarter sales grew 141%, as recent investments in its supply chain allowed it to improve the pace of deliveries.However, even as the company made progress in easing delivery bottlenecks — brought on by its popularity as a way to exercise at home during the coronavirus pandemic — it faced another […]

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Lyft shows more signs of pandemic recovery with revenue up 7% over last quarter

Ride-hailing company Lyft showed continued signs of pandemic recovery in its first-quarter earnings report Tuesday. The company beat on the top and bottom lines and exceeded Wall Street’s rider expectations for the quarter. Shares of Lyft were up 7% in after-hours trading following the report. Here are the key numbers Lyft reported:Loss per share: 35 cents vs. 53 […]

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Disney fans celebrate the reopening of Disneyland with custom Mickey ears and masks

There are few things so iconic that a simple silhouette can be instantly recognizable to anyone in the world.That’s the power of Disney and its stalwart symbol Mickey Mouse, which has transcended from cartoon mouse to corporate emblem. When Disneyland and California Adventure reopened Friday for the first time in more than a year, a […]

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Twitter stock plunges on user miss and low guidance

twitter

Twitter’s stock was down more than 11% in after-hours trading on Thursday after the company released its first-quarter earnings, missing on user growth expectations and providing lower revenue guidance for the second quarter than expected. Here’s what Twitter reported versus Wall Street’s estimates:Earnings: 16 cents per share, adjusted, vs. 14 cents forecast by RefinitivRevenue: $1.04 billion vs. $1.03 […]

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Microsoft says LinkedIn topped $3 billion in ad revenue in the last year, outpacing Snap and Pinterest

Microsoft said Tuesday LinkedIn’s ads business has brought in more than $3 billion in revenue during the year endedu March 31, outpacing pure-play digital ads competitors like Snap and Pinterest. The company does not regularly report revenue from LinkedIn’s ads business — called LinkedIn Marketing Solutions — but it says growth is accelerating. On Microsoft’s earnings […]

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Tesla reports earnings this afternoon

stock

Tesla is coming off a wild week. The automaker is undergoing investigations in the U.S. following a fatal crash in Texas and is under criticism in China after a woman’s protest at a major auto show. Morgan Stanley is sticking by the stock. Analyst Adam Jonas increased his price target to $900, implying 23% upside. The stock […]

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Intel revenue and profit drop slightly from last year

Apple

Intel sales were essentially flat and profit dropped in the first quarter of 2021 in CEO Pat Gelsinger’s first earnings report at the helm. Intel’s earnings per share were significantly higher than analyst estimates and the company’s own forecast, but Intel stock was down more than 3% in extended trading. Sales were also above analyst estimates. Here’s […]

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