Ruth Porat, the current chief financial officer of Alphabet, will be transitioning to a new role as president and chief investment officer, according to an announcement made by the company on Tuesday. Porat became CFO of Google in 2015 and played a crucial role in the establishment of Alphabet as the company’s parent organization. She …
Microsoft experienced a decline in its shares, dropping by as much as 4% during after-hours trading on Tuesday. The reason behind this was the company’s quarterly revenue guidance, which failed to meet analysts’ expectations. Here are the key details: – Earnings: Microsoft reported earnings of $2.69 per share, surpassing the expected figure of $2.55 per …
OpenAI CEO Sam Altman delivered a keynote address at Microsoft in Redmond, Washington, on February 7, 2023. Jason Redmond | AFP | Getty Images OpenAI, the leading AI startup with strong backing from Microsoft, has launched the Android version of its revolutionary ChatGPT app. This release follows the successful launch of the iOS app in …
A Nanjing Road pedestrian street on October 1, 2022 in Shanghai, China. Yan Daming | Visual China Group | Getty Images Chinese stocks experienced a significant surge on Tuesday following Beijing’s commitment to implementing measures to strengthen the country’s struggling economy. The Hang Seng Index in Hong Kong rose by more than 3%, while China’s …
Twitter introduces X logo as a replacement for its iconic Larry the bird. Photo by Rafael Henrique on LightrocketGetty Images Elon Musk’s decision to rebrand Twitter as X signifies his vision to create what he refers to as an “everything app.” “Twitter was acquired by X Corp to safeguard freedom of speech and serve as …
![Spotify (SPOT) Announces Earnings for [specified period]](https://image.cnbcfm.com/api/v1/image/107009057-1643658663816-gettyimages-1237634196-BC_2021DecChart_5047.jpeg?v=1690284835&w=1920&h=1080 "Spotify (SPOT) Announces Earnings for [specified period]")
Shares of Spotify plunged by 7% on Tuesday following the release of their second-quarter results, which fell short of analysts’ revenue expectations and provided weaker guidance for the future. Here’s a breakdown of how the company performed: – Loss per share: €1.55, not comparable to estimates – Revenue: €3.18 billion, missing the projected €3.21 billion …
TSMC, the leading producer of advanced processors used in Apple devices, is set to invest approximately $2.87 billion in a state-of-the-art chip packaging plant in Taiwan. This move comes as chipmakers worldwide aim to capitalize on the growing demand for artificial intelligence (AI) technology. In response to this demand, TSMC plans to expand its advanced …
Daniel Ek, CEO of Swedish music streaming service Spotify. Toru Yamanaka | AFP | Getty Images Spotify announced on Monday that it will be increasing the prices of its Premium subscription offerings by up to $2, representing a 20% increase for certain plans. In a blog post, the company mentioned that the market landscape has …
Twitter is undergoing a significant rebranding effort following owner Elon Musk’s announcement that the platform would officially be renamed as “X.” In a memo sent out on Monday, CEO Linda Yaccarino praised employees for their hard work and addressed the reasons behind the change. The transition from Twitter to X represents a step towards Musk’s …
Men engage in conversations on their mobile phones in front of a captivating advertisement featuring the highly anticipated iPhone 14, in the bustling city of Kolkata on September 27, 2022. Nurphoto | Nurphoto | Getty Images According to a report by Bloomberg, Apple is contemplating a price hike for its premium iPhone Pros with the …