Tag: online services

Finance

Zillow’s lost more than $230 million in its iBuying fire sale, but the stock is still surging

02/10/2022
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Three months after a home-flipping initiative imploded in an embarrassing public display, Zillow Group Inc. reported record revenue from selling the underwater homes Thursday and predicted big sales a...

Finance

Opinion: Trump-related SPACs surge, then fall, as retail investors have their own Joe Rogan experience

02/07/2022
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Joe Rogan’s podcast future is up in the air, and — for a few hours on Monday — so were the stock prices of some MAGA SPACs. Shares in CF Acquisition Corp VI CFVI, +18.17% soared as high as 39.7% in la...

Finance

These two S&P 500 stocks had their worst weeks ever

02/06/2022
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PayPal Holdings Inc. and Meta Platforms Inc. are both going through business transitions, prompting many investors to run for the hills. Shares of PayPal PYPL, +1.43% and Facebook-parent Meta FB, -0.2...

Finance

Snap earnings spark stock rally that’s so big, it’s making people nervous

02/05/2022
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A stock moving more than 50% higher in a single session is normally cause for celebration on Wall Street, but Snap Inc.’s big rally Friday was met with skittishness. Shares of the Snapchat parent comp...

Finance

Pinterest posts first full-year profit and reaches more than $2 billion in sales in 2021, sending stock soaring

02/04/2022
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Pinterest Inc. stock surged in extended trading Thursday after it reported a couple of firsts: a full-year profit and more than $2 billion in annual revenue. Pinterest PINS, -10.32% shares rose 21% af...

Finance

Snap shares soar 59% on first profitable quarter

02/04/2022
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Whipsawed by Meta’s poor results a day earlier, Snap Inc. reported its first quarterly profit as well as top- and bottom-line numbers that beat Street expectations on Thursday. The results turned arou...

Finance

Amazon holiday earnings blow away expectations (thanks to Rivian), stock spikes

02/03/2022
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Amazon.com Inc. executives thought that supply-chain and staffing concerns could wipe away their holiday profit. They were wrong. Amazon AMZN, -7.81% reported fourth-quarter profit of $14.3 billion, o...

Finance

Facebook wasn’t Thursday’s only big loser — these 16 other Nasdaq-100 stocks dropped at least 5%

02/03/2022
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Thursday was brutal for technology stock investors, as the carnage spread far beyond the parent company of Facebook. Below is a list of the worst 20 performers among the Nasdaq-100 on Feb. 3., led by ...

Finance

The party’s over for AMC and GameStop investors — but the luckier meme-stock winners are now bracing for a massive tax bill

02/03/2022
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When Jason Gutierrez kept refreshing GameStop’s performance between work tasks during the wild, early days of 2021, he admits future tax obligations weren’t his No. 1 priority. “It was in the back of ...

Finance

Opinion: Meta CFO cries ‘wolf’ again with bleak Facebook outlook — but he may be right this time

02/02/2022
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Chief Financial Officer David Wehner has warned of impending financial doom at Facebook so many times that this column has dubbed him “the Chicken Little of Silicon Valley.” But this time, the sky may...

Finance

Facebook parent Meta stands to shed more than $200 billion in market value after rough earnings report

02/02/2022
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Shares of Facebook parent Meta Platforms Inc. plunged more than 20% in extended trading Wednesday after detailing a holiday-earnings miss, weak guidance and intensifying competition. Meta FB, +1.25% s...

Finance

Opinion: Invest in Google if you like — but that stock split isn’t a solid reason to be bullish

02/02/2022
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CHAPEL HILL, N.C. – Alphabet’s just-announced 20-for-1 stock split is not the bullish omen that investors are making it out to be. There are two major arguments being given for why this stock split is...

Finance

The ‘best job in America’ pays $145,000, has 14,000 job openings — and offers a generous work-life balance

02/02/2022
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A six-figure salary and the option to work from home? It sounds too good to be true. Job openings are rising, while workers continue to quit. The number of vacant jobs hit 10.9 million in December, up...

Finance

Opinion: Google is finally splitting its stock; will Amazon be next, leading to a Dow shakeup?

02/01/2022
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Alphabet Inc. is finally carving into its gargantuan stock price with a stock split, which leaves only one Big Tech company remaining with a huge per-share price despite an easy avenue to change it. A...

Finance

Google could challenge for $2 trillion market cap after earnings, stock-split news

02/01/2022
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Google parent Alphabet Inc. headed toward a couple of elusive marks Tuesday evening, after disclosing earnings and plans for a stock split: A $3,000 share price and $2 trillion market cap. Alphabet sh...

Finance

PayPal stock sinks after earnings as inflation, spending pressures weigh on outlook

02/01/2022
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PayPal Holdings Inc. largely matched expectations for its holiday quarter but shares plunged late Tuesday after the company delivered an earnings forecast that came up shy of expectations. Shares were...

Finance

Mobile shopping company Wish’s stock gains as Foot Locker exec is named as new CEO

01/31/2022
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Wish parent company Contextlogic Inc. announced Monday that it found its new chief executive at Foot Locker Inc., and shares gained in late trading. Vijay Talwar, most recently the CEO for Foot Locker...

Finance

The IRS will stop sending out one type of taxpayer notice to try to cut down on aggravation this tax season

01/28/2022
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Trying to minimize aggravation during a tax-filing season that could have plenty of challenges, the Internal Revenue Service said it is pausing one of its notices that could ferment taxpayer frustrati...

Finance

Fed rate hikes are coming — how to tackle your savings, mortgage, car payments and credit-card debt in advance

01/27/2022
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Wall Street investors and Washington D.C. lawmakers are closely listening to what Federal Reserve Chairman Jerome Powell says Wednesday about the central bank’s next steps in its fight against decades...

Finance

LendingClub stock plummets after earnings guidance comes in light

01/27/2022
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Shares of LendingClub Corp. fell 14% in the extended session Wednesday after the company gave 2022 earnings guidance lower than analysts expected. LendingClub LC, +4.41% reported earnings of $29.1 mil...

Finance

Nearly 8% of the S&P 500 has taken a bath this week — 39 stocks fell at least 10%

01/09/2022
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This stock market is very sensitive to any hint of an increase in interest rates, so it may be no surprise that many tech high-flyers have been falling to earth. But there are others whose shareholder...

Tech

These tech stocks have fallen 20% to 51% from their 52-week highs. Should you consider buying now?

01/07/2022
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Technology stocks have been retreating as the Federal Reserve’s change in policy has set up expectations for a significant rise in interest rates. Some investors will panic at a time like this and sel...

Finance

Weekend reads: Your money and how to invest in 2022

01/01/2022
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Happy New Year! As 2021 ends, we once again hope for the new year will bring a pandemic recovery. Here are some looks ahead at what may affect financial markets, companies and even you in 2022. Turn a...

Finance

These are the best-performing S&P 500 and Nasdaq-100 stocks of 2021

01/01/2022
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The performance of the stock market in 2021 has been nothing short of remarkable, surprising many investors after the dramatic crash-and-recovery cycle of 2020. A continuing recovery for the world eco...