Fourth quarter results beat Wall Street expectations, as overall sales rise 6 percent, but EU tax ruling hits profits
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X Value Down By 79 Percent Since Elon Musk Purchase
X shareholder estimates value of firm formerly known as Twitter, is down nearly 80 percent since Elon Musk takeover
Shares In Nvidia Fall, Despite Record Profits, Sales
Nvidia announces $50 billion stock buyback after impressive Q2 financials, but shares slip despite strong demand for AI chips
Cisco Confirms Second Round Of Major Job Cuts In 2024
Second round of layoffs in 2024, as Cisco confirms it will axe a further 7 percent of its workforce or roughly 6,000 jobs
Intel To Cut 15 Percent Of Workforce, Suspends Dividend
Shares in Intel plummet over 20 percent after chip giant confirms thousands of job losses and suspends dividend payments
Microsoft Slowdown In Cloud Growth Worries Wall Street
Share price falls after investors react negatively, as Microsoft's Azure growth misses ambitious expectations
Alphabet Q2 Beats Expectations, But Shares Dip
Despite share buyback and positive Q2 results, Alphabet's share price falls over YouTube slowdown and margin declines
Apple Announces Record Share Buyback, Amid iPhone Sales Decline
Investor appeasement? Apple unveils huge $110 billion share buyback program, as sales of iPhone decline in almost all global markets
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
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
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
LinkedIn Admits Premium Subscriptions Bring In $1.7bn
LinkedIn makes rare disclosure, and admits premium subscription business delivered $1.7 billion in revenue in 2023
Nvidia Nears $2 Trillion Value, As AI Boosts Profits, Sales
Financial results surpass Wall Street expectations and drive Nvidia's market value close to the $ 2 trillion mark
Meta Pleases As ‘Year Of Efficiency’ Pays Off With FY23 Results
Mark Zuckerberg and his “year of efficiency” pledge made in Feb 2023, has been viewed as successful by investors
Microsoft Profit Rises 33 Percent Thanks To AI, Cloud
Strong AI adoption and cloud helps Microsoft deliver another strong quarterly performance, amid $3 trillion valuation
YouTuber MrBeast Makes $250,000 From Video On X
Top YouTube creator makes more than $250,000 in closely watched test of X's new ad revenue-sharing programme
Advertising Exodus To Cost Elon Musk’s X $75m – Report
Year of end advertising exodus at Elon Musk's X going to cost Twitter as much as $75m in advertising revenue
Apple Disappoints As FY23 Results Decline
Declines for Mac, iPads and wearables, home and accessories, plus gloomy holiday season outlook, dents Apple's Q4 and full year results
Meta Profit Soars From Ongoing Strong Ad Spending
Meta Platforms beats expectations in its Q3 financials, helped by an ongoing uptick in digital ad spend and cost cutting measures
Alphabet Profits But Cloud Sales Disappoints
Share price drops after Google Cloud miss, overshadows better-than-expected results for Alphabet's third quarter
Microsoft Q1 Benefits From Cloud Strength
Microsoft beats Wall Street expectations in all categories for its first quarter financial results, helped by strong cloud performance
Nvidia Reaps AI Chip Demand As Profit Surges
Quarterly profits at Nvidia rocket up 843 percent, as GPU powerhouse benefits massively from demand for AI chips
Apple Shares Fall, Amid Weak iPhone Sales
Solid Q3 results from Apple all things considered, but weak iPhone sales and outlook statement by CFO, dampens investor hopes
Samsung Extends Chip Production Cuts After $7 Billion Loss
Electronics giant extends production cuts of memory chips after $7 billion loss in first half of 2023, but says the worse is over
Facebook Parent Meta Profits From Advertising Increase
Year of efficiency paying off for Mark Zuckerberg, as Meta enjoys a strong second quarter thanks in part to advertising uptick
Alphabet CFO Steps Aside, As Q2 Profit Beats Expectations
CFO Ruth Porat to take charge of Google's 'Other Bets' portfolio, as second quarter profit beat expectations
Microsoft Signals Heavy AI Spending, Amid Healthy FY23 Results
Software giant beats Wall Street Q4 expectations, as firm details heavy spending to meet demand for AI services
Twitter To Share Ad Revenues With Content Creators
Amid reports that Twitter traffic is tanking, Elon Musk platform offers content creators part of advertising revenue
Netflix Password Crackdown Arrives In UK, US
Popular streaming platform Netflix extends its crackdown on password sharing to 103 countries, in search for additional income
Apple Depressed Results Beat Expectations, Thanks To iPhone Sales
Profit slides, and revenues decline for second consecutive quarter, but results please investors after surprising iPhone sales