News: Companies
In this section, we delve into the dynamic corporate world, bringing you the most recent updates from global companies. Our coverage spans a broad spectrum, encapsulating latest quarterly results, unveiling of new products, corporate amalgamations, and acquisitions. We also keep you informed on changes in analyst ratings, adjustments in price targets, submissions to regulatory bodies, and acquisition of new licenses, amidst a host of other significant business events.
Twitter Is Stuck Between Musk and Snap. It Will Be an Anxious Annual Meeting
The hard place: Macroeconomic conditions for technology businesses have been less than ideal, and Twitter (TWTR) has felt the pinch. Snap's (SNAP) news on Monday that it was lowering its revenue estimate raised fears that the industry may be in for a lengthier period of suffering than anticipated.
Nomura Creates Digital Asset Company
As for Nomura, it already has a foothold in the digital asset sector with Komainu, a cryptocurrency storage joint venture with CoinShares, and Ledger, which is expected to begin in June 2020. Komainu concluded a $25 million Series A financing round in March, when assets under control surpassed $3 billion.
Here’s How CEOs from PayPal and Nasdaq, Plus a Senator, View the Risk of Recession
"I think the market will play an important role: the boost in yields, the strength of the dollar… we're already witnessing some demand destruction, and the margins of big retailers are already starting to compress," Toomey noted.
Netflix Layoffs Just The Start as Streamer Stages Rebound: ‘It’s Time to Be a Real Company,’ Says Media Exec
"In our quarterly report, we indicated that slowing revenue growth forces the company to slow its cost growth. As a result, approximately 150 employees will be laid off today, mostly in the United States," the company stated in an announcement.
Largest U.S. Pension Bought AMC, AMD, and Block Stock. It Sold Netflix
Calpers purchased 155,992 AMC shares in the first quarter, bringing its total to 775,392 shares. Calpers has purchased the shares for the third quarter in a row. It announced a 116,400-shareholding at the end of the third quarter of 2021, then more than doubled that investment in the fourth.
Robinhood Launches New No-Transaction Fee Crypto Wallet
There is already a web-based custody wallet on Robinhood's website for users' assets. As with most cryptocurrency companies, the assets are not covered by any government guarantee, such as that provided by the Federal Deposit Insurance Corporation.
Insider News: Samsung in Talks to Hike Chipmaking Prices by Up to 20%
At a recent earnings conference, Kang Moon-soo, vice president of Samsung's foundry division, stated that the company had already received orders for the next five years totaling eight times the previous year's sales. "We expect our order book to expand much further.
Mark Zuckerberg’s Metaverse May Take a Decade to Bloom. Wall Street Still Celebrated
The expansion into the metaverse is likely to take longer to make a profit than traditional software, and it may take a decade before the business is capable of truly raking in cash, said Mark Zuckerberg, CEO of Meta Platforms. Wall Street is still optimistic.
Elon Musk Will Make an Indelible Mark on Twitter, Experts Say
While Musk has not revealed any particular changes to the website, he has advocated for fewer restrictions on what users can and cannot publish and has speculated that the platform may transition from being financed by advertising to a subscription-based model.
