Enterprise

Alphabet Value Surges Over $2tn On Dividend Plan

Google parent Alphabet sees market capitalisation surge over $2tn on plan to over first-ever cash dividend, revenue growth

7 months ago

Snap Sees Surge In Users, Ad Revenues

Snapchat parent Snap reports user growth, revenues in spite of tough competition, in what may be sign of stronger advertising…

7 months ago

UK AI Security Firm Darktrace Acquired By Private Equity Group

Thoma Bravo agrees to acquire Darktrace for $5.32 billion in cash, delivering some welcome news for founding investor Dr Mike…

7 months ago

Microsoft Beats Expectations Thanks To AI Investments

Customer adoption of AI services embedded in cloud services continues to deliver results for Microsoft, pushing shares higher

7 months ago

ByteDance Would Rather Shutter TikTok US, Than Sell – Report

TikTok's 'secret source' algorithm is so core to ByteDance, it would rather shut down US operation, multiple sources have indicated

7 months ago

Meta Declines On Heavy AI Spending Plans, Despite Strong Q1

Share price hit after Meta admits heavy AI spending plans, after posting strong first quarter financial results

7 months ago

Tesla Posts Biggest Revenue Drop Since 2012

Elon Musk firm touts cheaper EV models, as profits slump over 50 percent in the face of falling sales and…

7 months ago

US SEC Seeks $5.3 Billion Fine From Terra’s Do Kwon

Financial regulator asks New York judge to impose $5.3 billion in fines against Terraform Labs and Do Kwon in civil…

7 months ago

Trump Media Warns Of ‘Potential Market Manipulation’

Shares in Trump social media platform owner rise after chief executive warns of 'naked' short sellers trying to manipulate stock…

7 months ago

TSMC Shocks Investors With Lower Chip Growth Forecast

TSMC pulls back on forecast of global chip industry growth for 2024, stirring concerns around expected recovery this year

7 months ago

Netflix Reports Profits Surge, But Forecast Disappoints

Netflix shares slump as it reports profit surge but says it will stop reporting subscriber metrics next year

7 months ago

Trump Media Shares Buckle Over Secondary Offering Plans

Shares in Donald Trump's social media company Trump Media plummet on Monday after company announces plans to issue millions more…

7 months ago

Sam Bankman-Fried Appeals FTX Fraud Sentence Of 25 Years

Disgraced crypto billionaire and former FTX CEO Sam Bankman-Fried appeals 25 prison sentence for masterminding huge fraud

8 months ago

Alphabet Mulls Offer For Marketing Software Firm HubSpot

Amidst antitrust scrutiny, Alphabet reportedly plans on making an offer for HubSpot to bolster CRM and cloud position

8 months ago

Tesla Shares Dive After EV Shipments Disappoint

Investors unhappy after Tesla posts a shipment slump in first quarter despite price cuts, amid concern about user demand for…

8 months ago

CMA Begins Phase 2 Probe Of Vodafone Merger With Three UK

Deadline expired for Vodafone to allay CMA concerns over merger with Three UK. In-depth Phase 2 investigation begins

8 months ago

Intel Shares Slide After Foundry Business Posts $7 Billion Loss

Intel's share price falls 8.2 percent after its contract chip-making business posted an operating loss of $7 billion

8 months ago

Shares In Trump’s Truth Social Firm Rise, Then Tumble

A week after public listing, Donald Trump's firm sees share price fall 21 percent, losing $4 billion in market value

8 months ago

The Netherlands To Spend Billions To Retain ASML Operations

Dutch government will spend 2.5 billion euros ($2.7 billion) to improve infrastructure in Eindhoven, to ensure ASML doesn't move abroad

8 months ago

FTX’s Sam Bankman-Fried Sentenced To 25 Years In Prison For $8bn Fraud

Dramatic downfall. Sam Bankman-Fried sentenced to 25 years in prison for masterminding $8bn fraud that brought down FTX

8 months ago

Amazon Pumps Another $2.75 Billion Into Anthropic

Amazon completes its $4bn investment into AI firm Anthropic, after providing an additional $2.75bn in funding

8 months ago

Trump’s Truth Social Makes Successful Market Debut

Shares in Donald Trump’s social media company rose about 16 percent after first day of trading on the Nasdaq

8 months ago

Vodafone Germany Confirms 2,000 Job Losses, Amid European Restructuring

More downsizing at Vodafone after German operation announces 2,000 jobs will be axed, as automation increases in the future

8 months ago

Trump’s Truth Social Moves Closer To $5bn Merger

Donald Trump social media firm Truth Social moves step closer to public offering via acquisition by shell company as investors…

8 months ago

UK Gives Three, Vodafone Five Days To Avoid In-Depth Merger Probe

CMA concerned the merger would lead to a 'substantial lessening of competition' and result in higher prices for consumers

8 months ago

Reddit Shares Surge After Successful NYSE IPO

Reddit enjoys successful initial public offering in New York, as shares rose which in turn pushed its market cap to…

8 months ago

Intel To Spend $100bn In US, After Biden’s $20bn Award

Big investment planned for US, after Intel wins nearly $20 billion in loans and funding from Biden Administration

8 months ago

Vodafone Sells Italian Operation For €8 Billion

Last downsizing move? Vodafone sells off another European unit, namely its Italian operation to Swisscom for €8bn in cash

8 months ago