Last Thursday and Friday’s public market selloff has stretched into this week, with the tech-heavy Nasdaq Composite off 2.5% this morning. But while tech shares are down broadly to start the holiday-shortened week — and are taking stick for bringing down even broader indices — some well-known technology, and technology-ish companies are suffering even more.…
Today after the bell, Netflix reported its Q2 financial performance. After its second-quarter numbers were out, the popular video streaming service saw its value drop sharply, with its shares off 10% in after-hours trading as of the time of writing. What happened to the high-flying Netflix, a company that you might have expected to report…
Earnings should help determine whether the latest rally is real Despite record-setting COVID-19 infections, American equities rose today. All major indices gained ground during regular trading, while tech stocks did even better. The Nasdaq Composite set new 52-week and all-time highs, touching 10,462.0 points before closing at 10,433.65, up 2.21% on the day. Similarly, a…
United Nations “experts” slammed President Donald Trump’s call to label Antifa as a terrorist organisation, claiming it will undermine Antifa’s right of “peaceful assembly” — despite many instances of violence by the far-left anarcho-communist group. On Friday, the United Nations Office at Geneva (UNOG) posted the flag of Antifa on their official Twitter account, saying…
French VC firm Idinvest has compiled some data about the European tech ecosystem. The firm has decided to focus on consumer tech in general, and there are some interesting trends that I’m going to break out here. You can read the full report here. The team has analyzed and surveyed 1,500 companies over multiple months.…
French startup Doctolib is sharing some metrics on its video consultation feature. While the startup first started as a way to help doctors manage appointments and let them accept online appointments, the company has been taking advantage of its huge community of health professionals to add video consultations on top of that. Since the start…
Food-delivery platforms are on the front lines during the coronavirus crisis, with major spikes in demand as communities are confined at home, likely with more time to cook than usual. And while some restaurants have opted to shut down, others have turned to takeout as a lifeline. Yet physical contact between suppliers, couriers and customers…
Shares of Vodafone Idea fell by more than 23% on Friday after India’s apex court ordered the country’s second-largest telecom operator and Airtel, the third-largest telecom network, to arrange and pay billions of dollars in dues in a month. In a strongly worded judgement, the Supreme Court rejected telecom networks’ application to defer paying historic…
Tesla continued its profitability streak in the fourth quarter, earning $105 million and generating nearly $7.4 billion in revenue, results that beat expectations and sent shares higher in after-market trading Wednesday. Tesla also announced Wednesday that production of the Model Y started this month at its Fremont, Calif. factory, ahead of schedule. Shares were up…
Today Microsoft reported its fiscal 2020 second quarter (calendar Q4 2019) results, including revenue of $36.9 billion (up 14%), net income of $11.6 billion (up 38%) and diluted earnings per share of $1.51. Investors had expected the company to report profit of $1.32 per share off revenue of $35.67 billion. The street had anticipated net…
