Asana Inc. on Wednesday reported and forecast narrower-than-expected losses, saying the figures reflected a firmer path to profitability. The project-management software provider — whose chief executi...
Tag: Social Media Platforms/Tools
Tesla Stock Falls as Elon Musk, Twitter Make Wrong Kind of Healines
Tesla stock is down again in early trading Wednesday, potentially falling for the third consecutive day and the fifth out of the past six. Yes, the company’s investor day sparked the decline, but it p...
Elon Musk apologizes to laid-off Twitter employee who was Iceland’s person of the year in 2022
“‘I would like to apologize to Halli for my misunderstanding of his situation. It was based on things I was told that were untrue or, in some cases, true, but not meaningful. He is considering remaini...
Meta Stock Rises After Report of More Layoffs
Shares of Facebook-parent Meta Platforms were rising Tuesday after a report said the company will cut more jobs than previously announced. Meta (ticker: META) is planning another round of layoffs as s...
Twitter Reports 40% Drop in Revenue and Adjusted Earnings to Investors: WSJ
Elon Musk’s Twitter told investors its revenue and adjusted earnings fell approximately 40% year-over-year in December, The Wall Street Journal reported on Friday. The Journal, citing people familiar ...
Apple and Meta Stock Buybacks Haven’t Been Equal. Here’s Why.
Investors love stock buybacks, but they don’t always spur the types of returns one might imagine. It takes a discerning eye to identify companies with buybacks that create significant gains for shareh...
The 20 worst U.S. stocks in February: the biggest loser dropped 35%
Updated with month-end prices. The euphoria of January reversed in February, with broad declines for stocks across the board as interest rates continued to rise. Bond interest rates are more attractiv...
Do Layoffs Pay Off? Meta, Amazon, Other Tech Stocks Paint a Mixed Picture.
Text size Tech companies have announced more than 100,000 job cuts this year so far. Fizkes/Dreamstime Some technology companies have seen their stocks jump after announcing mass layoffs this earnings...
Founder of WallStreetBets, Which Ignited Meme Stock Frenzy, Is Suing Reddit
The founder of online community WallStreetBets is suing Reddit, the social media platform from which it inspired the meme stock frenzy of 2021. Jaime Rogozinski, who created the popular Reddit forum ...
Hedge-fund legend Seth Klarman pounced on Amazon and parent companies of Google and Facebook in the fourth quarter
Seth Klarman, one of the top money managers of all time, quadrupled his firm’s stake in Amazon.com in the fourth quarter, one of several big bets on mega-cap tech companies that were made. A 13-F fili...
George Soros Snapped Up Tesla, Peloton, Crypto Stocks. Dumped Zoom and Twitter.
Tesla and Peloton were on George Soros’s shopping list in the fourth quarter of last year, as he also took new positions in Carvana General Motors and crypto names, while dumping Zoom and Twitter Sor...
This Facebook executive’s $4 million stock sale could be another sign of Meta’s rebound
A Meta Platforms Inc. executive’s multimillion-dollar stock sale could be another sign that things are returning to normal at the social-media company. Chief Business Officer Marne Levine sold $4.45 m...
Biden targets stock buybacks — do they help you as an investor?
There seem to be two camps when it comes to stock buybacks. On one hand, share buybacks can reduce a company’s share count, which increases profit per share and hopefully supports a rising stock price...
Pinterest Stock Slumps After Earnings, a Soft Outlook, and CFO Resignation
Pinterest shares were trading sharply lower in late trading Monday after the social media firm provided cautious commentary on the outlook for the March quarter and announced the resignation of CFO To...
Big Tech added to a shrinking forecast, but maybe Bob Iger can brighten the mood
Wall Street’s expectations for 2023 have been diving as forecasts for the new year come in light, and the news could get worse once they factor in disappointing results from Big Tech. But at least Bob...
Tech execs can’t stop talking about AI after success of ChatGPT
The pace of artificial-intelligence chatter from executives is picking up after the success of ChatGPT, and it isn’t all from Big Tech. Big Tech companies like Microsoft Corp., Meta Platforms Inc., an...
Meta, Merck, Apple, Alphabet, Amazon, and More Stock Market Movers
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Opinion: Zuckerberg and Intel are shipping the proceeds from their layoffs straight to Wall Street
For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those t...
Meta stock spikes nearly 20% as cost cuts and $40 billion for investors overshadow earnings miss
Meta Platforms Inc. shares soared in after-hours trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new yea...
Apple, Amazon, Facebook and Google face earnings test amid Big Tech layoffs
In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that could only be the beginning. After tech stocks were decimated in 2022, in...
Meta’s ‘darkest days’ are ahead, but some analysts say ad sales are still on track
From all indications, Meta Platforms Inc. appears to be in mega trouble as it prepares to announce fiscal fourth-quarter results on Wednesday. Facebook’s embattled parent company META, +3.01% is awash...
‘It is an employer’s market’: Tech layoffs may have turned the Great Resignation into the Great Recommitment
The flood of Big tech layoffs has again upended the dynamic between employers and employees, workers and executives say, leading to prolonged job searches and widespread fear and anxiety among many in...
Google Warns Pending Supreme Court Case Could Wreck the Internet
Next month, the U.S. Supreme Court will hold two days of hearings on a pair of cases that directly challenge the scope of Section 230, a provision of the 1996 Communications Decency Act that establish...
Investors mock Elon Musk’s bid to move Tesla trial from California
SAN FRANCISCO — Lawyers for Tesla shareholders suing the electric vehicle maker’s CEO Elon Musk over a misleading tweet are urging a federal judge to reject the billionaire’s request to move an upcomi...
Opinion: Why a prominent Tesla investor wants Elon Musk to put him on the board
Ross Gerber is well-known in certain circles as a longtime Tesla Inc. investor, thanks to being a bullish voice on Twitter about the electric-vehicle company. As Tesla TSLA, +5.93% stock has plummeted...
The Year Big Tech Stocks Fell From Glory
Listen to article (1 minute) The year 2022 turned many of the stock market’s former darlings into duds. For the better part of the previous decade, investors crowded into shares of fast-growing techno...
These 20 stocks were the biggest losers of 2022
Updated with Dec. 30 closing prices. This was a year of reckoning for Big Tech stocks — even those of companies that continued to grow sales by double digits. Below is a list of the 20 stocks in the S...
Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record
In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022. The S&P 500 index SPX, +1.75% and Dow Jo...
Tesla CEO Elon Musk Could Have Had His First Margin Call for Twitter Loan
Tesla CEO Elon Musk might regret his purchase of Twitter—or at least the way he financed it. Based on the agreement Musk signed with bankers to help fund his Twitter purchase, he would have experience...
Tesla Shares Head for Worst Year Ever as Elon Musk Focuses on Twitter
Listen to article (2 minutes) Tesla Inc. is on pace for its worst annual stock performance on record as investors bristle at Elon Musk’s Twitter Inc. ownership, as well as declining demand for the car...
Tesla’s stock drop has been bad. But this company has hurt investors even more.
Elon Musk has been trying this week to defend Tesla’s abysmal stock performance in 2022. The electric vehicle giant has seen its stock plummet by 61% this year, making it the 11th-worst performing sto...
This stock strategy is attracting lots of money. Here are its top 10 picks.
Following a year in which a rapid rise in interest rates caused stock and bond prices to tumble, investors are focusing on quality. One way to do this is to look at free cash flow — and doing so might...