Reddit surprised investors with a 48% increase in revenue, reaching $243 million compared to the expected $212.8 million. However, the company reported a loss per share of $8.19, slightly lower than the anticipated $8.71 loss. Despite this, the growth in revenue shows promise for Reddit’s future financial performance. Reddit’s ad revenue saw a significant increase
Enterprise
In the United States, a significant amount of food goes to waste, with one-third of the total production ending up in landfills. This excess waste not only contributes to environmental issues such as climate change but also leads to unnecessary production, packaging, storage, and delivery requirements. A recent study highlighted in the journal Science revealed
The recent performance of Palantir Technologies, a defense tech firm specializing in big-data and artificial intelligence software, has left investors less than impressed. After the company reported weaker-than-expected guidance, its shares plummeted by around 7% in extended trading on Monday. Despite meeting earnings per share estimates of 8 cents, Palantir fell short in terms of
The recent news of Tesla’s progress towards launching its advanced driver-assistance feature in China has sparked excitement among investors. However, according to tech investor Mark Hawtin, the expectations surrounding Tesla’s Full Self Driving (FSD) service in China may be misleading. Hawtin pointed out that Tesla’s FSD does not offer full autonomous driving capabilities, despite the
Coinbase, the leading marketplace for cryptocurrency trading in the United States, recently reported its first-quarter earnings, exceeding analysts’ expectations. The company’s revenue stood at $1.64 billion, surpassing the anticipated $1.34 billion. Notably, Coinbase generated a net income of $1.18 billion, translating to $4.40 per share, a stark contrast to the previous year’s loss of $78.9
Bitcoin, the leading digital currency, experienced a significant drop in value on Wednesday, reaching its lowest level in over two months. The price fell below $57,000 for the first time since February 28th, hitting a low of $56,757.93. This decline was part of a wider downturn in the cryptocurrency market, with other major coins such
As Amazon prepares to report its first-quarter earnings, analysts are eagerly awaiting the results. According to LSEG, the anticipated earnings per share is 83 cents, with revenue expected to reach $142.5 billion. This data is crucial for investors and will likely have a significant impact on the market. Aside from the overall earnings figures, Wall
The recent surge in Tesla’s shares during U.S. premarket trading is a direct result of the company reaching a significant milestone in rolling out its full self-driving technology in China. This spike of more than 10% in share price reflects the positive reaction of investors to the news of Tesla CEO Elon Musk’s visit to
The landscape of cloud infrastructure providers in the United States is becoming increasingly competitive. One such player, Oracle, is upping its game by enhancing its generative AI capabilities. The surge in AI applications, fueled by the introduction of chatbot ChatGPT in November 2022, has led to a surge in demand for cloud computing services and
The tech industry, known for its innovation and rapid growth, has been experiencing a wave of job cuts despite record-breaking earnings from major companies like Alphabet and Microsoft. In 2023 alone, over 263,000 job losses were recorded in the tech sector, and the trend has continued into 2024 with more than 75,000 job losses reported