Articles from www.reuters.com

Articles from www.reuters.com

CRM software maker Freshworks plans to cut 13% of its workforce, or 660 employees, after reporting Q3 revenue up 22% YoY to $186.6M, vs. $181.6M average est. (www.reuters.com)
2024-11-7 CRM

Take-Two reports Q2 net bookings up 2% YoY to $1.47B, vs. $1.43B est., net revenue up 4% to $1.35B, and sells its Private Division label to an unnamed buyer (www.reuters.com)
2024-11-7

Bumble reports Q3 revenue down 0.7% YoY to $273.6M, vs. $271.9M est., its first quarterly sales drop since going public in 2021, and 4.3M total paying users (www.reuters.com)
2024-11-7

Canada orders the windup of TikTok's Canadian business citing national security risks, and says it's not blocking Canadians' access to the app (www.reuters.com)
2024-11-7 Canada

Match Group reports Q3 revenue up 2% YoY to $895M, vs. $900.9M est., paying users down 3% to 15.2M, forecasts Q4 revenue below est.; MTCH drops 12%+ after hours (www.reuters.com)
2024-11-7 4Q

Lyft reports Q3 revenue up 32% YoY to $1.52B, vs. $1.44B est, gross bookings up 16% to $4.1B, forecasts Q4 gross bookings above est.; LYFT jumps 20% after hours (www.reuters.com)
2024-11-7 4Q

Polymarket and Kalshi expect to pay out ~$450M total to US election bettors; Kalshi says 28K bet on Harris, 40K on Trump; one Polymarket user bet $40M on Trump (www.reuters.com)
2024-11-7 Trump

Sources: the US has recently renewed calls for Italy to repeal its domestic web tax, which applies to Meta, Google, and Amazon and raises under €500M per year (www.reuters.com)
2024-11-6 Italy Google Amazon Tax

GlobalFoundries reports Q3 revenue down 6% YoY to $1.7B and expects Q4 revenue of $1.8B-$1.85B, vs. $1.8B est., driven by smartphone chip demand; GFS jumps 11%+ (www.reuters.com)
2024-11-6 4Q

French judicial source: investigators searched Netflix's offices in France and the Netherlands as part of a preliminary investigation into tax fraud laundering (www.reuters.com)
2024-11-5 France Tax Netflix Netherlands

Robinhood, Kraken, and others unveil the Global Dollar Network to accelerate stablecoin usage and launch USDG, a Paxos-issued stablecoin pegged to the US dollar (www.reuters.com)
2024-11-5

Palantir reports Q3 revenue up 30% YoY to $725.5M, vs. $701.1M est., and raises 2024 revenue forecast again on robust AI adoption; PLTR jumps 11%+ after hours (www.reuters.com)
2024-11-5 AI

Shenzhen-based autonomous driving startup DeepRoute.ai raised $100M from an unnamed Chinese automaker, and plans to launch 10+ models with clients in 2025 (www.reuters.com)
2024-11-4 China Startup AI Shenzhen

The US fines GlobalFoundries $500K and says it sent 74 shipments worth $17.1M to SJ Semiconductor, an affiliate of SMIC, without seeking a license (www.reuters.com)
2024-11-4

Filing: US regulators rejected a proposal to let Amazon buy nuclear power for AWS data centers in Pennsylvania over energy grid reliability and other concerns (www.reuters.com)
2024-11-3 Amazon Energy

Intel scraps forecast of selling $500M+ worth of Gaudi AI accelerator chips in 2024, with CEO Pat Gelsinger citing chip transition and slower uptake to software (www.reuters.com)
2024-11-2 Intel AI

Disney forms the Office of Technology Enablement to coordinate its use of emerging technologies such as AI and mixed reality, to be led by CTO Jamie Voris (www.reuters.com)
2024-11-2 AI

Chinese researchers linked to the People's Liberation Army developed an AI model using Llama 2 for potential military use; Meta says such use is “unauthorized” (www.reuters.com)
2024-11-1 China AI

The Biden admin unveils an $825M investment in an Albany-based chip research and development facility; the NTSC says the facility aims to drive EUV innovation (www.reuters.com)
2024-11-1

eBay reports Q3 revenue up 3% YoY to $2.58B, GMV up 2% to $18.3B, net income down 51% to $636M, and forecasts Q4 revenue below est.; EBAY drops 9%+ after hours (www.reuters.com)
2024-10-31 eBay 4Q

Robinhood reports Q3 revenue up 36% YoY to $637M, vs. $657.9M est., and crypto transaction revenue up 165% to $61M; HOOD drops 8%+ after hours (www.reuters.com)
2024-10-31

DoorDash reports Q3 revenue up 25% YoY to $2.71B, vs. $2.66B est., total orders up 18% YoY to 643M, and forecasts Q4 adjusted EBITDA above estimates (www.reuters.com)
2024-10-31 4Q

Global Payments agrees to sell medical software business AdvancedMD to investment firm Francisco Partners for $1.13B; the deal is expected to close in Q4 2024 (www.reuters.com)
2024-10-31 4Q

Colorado says that some partial passwords for the state's voting systems were accidentally posted online but pose no threat to the November 5 general election (www.reuters.com)
2024-10-31

Sources: Reliance Retail plans to leverage its 3,000 supermarkets to catch up with India's quick commerce boom, which is expected to hit $6B in sales in 2024 (www.reuters.com)
2024-10-30 India Retail

EA reports Q2 net bookings up 14% YoY to $2.08B vs. $2.04B est., revenue up 6%, raises its FY 2025 bookings forecast, as its American football titles outperform (www.reuters.com)
2024-10-30 U.S.

AMD reports Q3 revenue up 18% YoY to $6.82B, vs. $6.71B est., Data Center revenue up 122% to $3.5B, and Q4 revenue forecast below est.; AMD drops 5% after hours (www.reuters.com)
2024-10-30 4Q AMD

Dozens of sources explain how Intel CEO Pat Gelsinger fumbled the company's revival, including offending TSMC with comments on Taiwan and losing a chip discount (www.reuters.com)
2024-10-30 Taiwan Intel

Consensys, the maker of the MetaMask crypto wallet, is cutting 162 staff, ~20% of its workforce, and notes costly fights with regulators (www.reuters.com)
2024-10-30

Sources: OpenAI is working with Broadcom and TSMC to build its first in-house AI chip focusing on inference, and has scaled back its foundry ambitions (www.reuters.com)
2024-10-30 AI

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