Check out the companies making headlines before the bell: Coinbase — Crypto-related assets surged after Bitcoin topped $40,000 for the first time this year. Coinbase jumped 7%, MicroStrategy gained 7% and Marathon Digital climbed 13%. Uber Technologies — The ride-hailing stock rose 4% after S & P Dow Jones Indices on Friday said it will …
Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images The S&P 500 rose on Tuesday, extending its longest winning streak in about two years as Wall Street aimed to build on November’s rally. The S&P added 0.35%, rising for …
Woman rides a Bird e-scooter in southern California. Bird, a provider of electric scooters that consumers can rent in cities, said the New York Stock Exchange will suspend trading of its stock after the company failed to keep its market capitalization above $15 million for 30 consecutive days. The company’s shares will trade on the …
InstaCart employees fulfill orders for delivery Patrick T. Fallon | Bloomberg | Getty Images The grocery delivery company Instacart is aiming to go public at a valuation between $8.6 billion and $9.3 billion, according to reports. Instacart is expected to officially disclose its expected valuation range on Monday, as Reuters reports. The initial report from …
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 …
Google is planning to license new sets of mapping data to various companies in order to create products related to renewable energy. The company aims to generate up to $100 million in revenue during the first year, according to CNBC. The new APIs will provide information on solar and energy, air quality, and more. Solar …
Instacart, the innovative grocery delivery company, has officially filed its paperwork to go public on the Nasdaq under the ticker symbol “CART.” This move marks the first significant venture-backed tech IPO since December 2021. In its prospectus, Instacart revealed that it generated $114 million in net income and achieved $716 million in revenue in the …
Amazon is taking a bold approach to bring employees back to the office by requiring some staff members to relocate to a central hub to be with their teams. Employees who are unwilling or unable to comply with this requirement are being forced to find work elsewhere, resulting in some employees choosing to quit altogether. …
A customer enters a Cava restaurant in Pasadena, California, on February 6, 2023. Mario Tama | Getty Images News | Getty Images The fast-casual chains Cava and Sweetgreen both reported a decrease in customers ordering delivery and an increase in customers picking up their own food, indicating that diners are becoming more cost-conscious. By breaking …
SoftBank, a technology conglomerate, reported an unexpected loss in the first quarter from April to June, despite a gain from its tech-focused Vision Fund. Let’s dive into the details: – The SoftBank group recorded a net loss of 477.6 billion yen ($3.3 billion), falling short of Refinitv’s analyst estimate of a 75 billion yen profit. …