Michael Dell David A. Grogan | CNBC Dell saw a surge of 21.3% in its shares on Friday, which marked the best day since its return to the public market in 2018. This rally was driven by an earnings report that exceeded expectations, with a significant revenue beat. The company, known for its IT hardware …
Michael Dell David A. Grogan | CNBC Dell, the renowned IT hardware and infrastructure technology company, witnessed a staggering 22% surge in its shares on Friday, marking its best day since the company returned to the public market in 2018. The remarkable rally was propelled by better-than-expected earnings, as Dell surpassed analyst estimates with impressive …
Elon Musk, founder of SpaceX, left, and Amazon and Blue Origin founder Jeff Bezos. Getty Images An Amazon shareholder lawsuit alleges that the company disregarded SpaceX for lucrative satellite launch contracts due to Jeff Bezos’ personal feud with Elon Musk, who has long mocked Bezos’ space ambitions. Cleveland Bakers and Teamsters Pension Fund (CB&T) filed …
Nearly a decade after Facebook acquired WhatsApp for a whopping $19 billion, the messaging app is still struggling to generate significant revenue. Unlike Instagram, which has successfully integrated ads into its platform, WhatsApp remains ad-free. However, Meta, the parent company of Facebook, is determined to make WhatsApp a lucrative asset. Mark Zuckerberg has repeatedly emphasized …
Illustration depicting the rebranded Twitter logo as X (X Corp.) on a smartphone, along with Elon Musk’s Twitter account displaying the new X logo on a PC screen. Image by Pavlo Gonchar | Lightrocket | Getty Images The social media platform formerly known as Twitter, now called X, is set to collect users’ biometric and …
The CEO of ABB, a Swedish-Swiss multinational robotics firm, expressed disappointment with the current state of the Chinese market and anticipates challenges for the remainder of the year. Bjorn Rosengren, CEO and chairman of ABB, cited a “softening” in China’s property sector as the cause. Rosengren attributed the decline in the Chinese real estate development …
SentinelOne CEO Tomer Weingarten at the New York Stock Exchange. Source: NYSE SentinelOne, a cybersecurity company that went public in 2021 and has yet to see its stock price exceed highs from that year, is not currently open to acquisition offers, according to an interview with CNBC on Thursday. SentinelOne’s co-founder and CEO, Tomer Weingarten, …
An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shares of Shopify surged up to 9% in early trading on Thursday following the announcement that the Canadian e-commerce company has partnered with Amazon to offer its “Buy with Prime” program to merchants. In a late Wednesday announcement, Shopify revealed that …
Elon Musk, the visionary entrepreneur and multi-talented CEO of SpaceX, Tesla, and Twitter, captivated the audience at the prestigious Viva Technology conference in Paris on June 16, 2023. Gonzalo Fuentes | Reuters Tesla, the pioneering electric vehicle manufacturer, is now facing two fresh federal investigations into potential misconduct involving the use of company resources for …
Apple is experimenting with the use of 3D printers to manufacture the stainless steel chassis for its upcoming smartwatches, according to a report from Bloomberg. This new technology is expected to be initially tested in the production of the Apple Watch 9, and if successful, will be implemented in the manufacturing process of future products. …