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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.

Netflix Layoffs Just The Start as Streamer Stages Rebound

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.

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Largest U.S. Pension Bought AMC, AMD, and Block Stock. It Sold Netflix

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.

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Robinhood Launches New No-Transaction Fee Crypto Wallet

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.

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Insider News: Samsung in Talks to Hike Chipmaking Prices by Up to 20%

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.

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Musk Suggested Twitter Deal Was on Hold. Law Expert Says It's Not So Easy

Musk Suggested Twitter Deal Was on Hold. Law Expert Says It’s Not So Easy "Generally, these types of claims aren't very convincing," Quinn notes. "There's a lot of bravado, a lot of back and forth, but they're not very strong. Sometimes people renegotiate prices, but not by a great deal."

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Elon Musk Expected To Serve As Temporary Twitter CEO After Deal Closes

Elon Musk Expected To Serve As Temporary Twitter CEO After Deal Closes According to a Securities and Exchange Commission filing on Thursday, Musk secured about $7.14 billion in equity commitments from friends and other investors to purchase Twitter.

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VW Aims to Launch Scout, an EV Off-Roading Brand Volkswagen Group is preparing to launch Scout, a new specialized EV business that will create an all-electric truck and a tough off-roading SUV for the American market. The business intends to build a rugged SUV and pickup truck by 2026. Discover

PayPal Trims 2022 Outlook But Beats Revenue Forecast

PayPal Trims 2022 Outlook But Beats Revenue Forecast Holdings said its first quarter was a "good start," but it lowered its full-year forecast, expecting payments volumes to fall. Its adjusted earnings per share expectation are now $3.81 to $3.93, down from a previous range of $4.60 to $4.75.

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Mark Zuckerberg’s Metaverse May Take a Decade to Bloom. Wall Street Still Celebrated

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.

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Insider News: Samsung Elec To Join Renewables Pledge As S.Korea Shifts Gears On Green Energy

Insider News: Samsung Elec To Join Renewables Pledge As S.Korea Shifts Gears On Green Energy According to the source, RE100 will be incorporated into the climate targets soon after the new administration takes office. Because of the delicate nature of the matter, the source requested anonymity.

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Elon Musk Will Make an Indelible Mark on Twitter, Experts Say

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.

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Expert Opinion: Will Tesla Be the Next Netflix? It Could Be Another Google

Expert Opinion: Will Tesla Be the Next Netflix? It Could Be Another Google Who is correct isn't critical to the stock price as long as the core company remains robust, but CEO Elon Musk's willingness to invest money and time in other areas might determine how long that remains the case.

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Globant Plans Acquisitions to Boost Push Into Asia and Europe

Globant Plans Acquisitions to Boost Push Into Asia and Europe Globant SA, Argentina's technology heavyweight, wants to expand further with mergers that provide it entry into new markets and access to innovations, as the CEO of the corporation stated after the acquisition of one of Uruguay's largest IT companies.

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Netflix Stock Had Its Worst Day in Nearly 2 Decades. Wall Street Is Saying

Netflix Stock Had Its Worst Day in Nearly 2 Decades. What Wall Street Is Saying Netflix lost 200,000 customers in the third quarter, falling far short of its target of 2.5 million net additions. The streaming platform would have gained 500,000 customers if it had not lost 700,000 Russian subscribers. The business expects to lose 2 million net users in the June quarter.

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Alibaba, Bilibili, and China Tech Stocks Slide on Live Streaming Crackdown.

Alibaba, Bilibili, and China Tech Stocks Slide on Live Streaming Crackdown Chinese technology stocks fell in Hong Kong on Tuesday as a result of Beijing's tougher rules on the country's live streaming industry, as well as fears over DiDi Global's anticipated delisting in the United States. Discover

Chip Makers to EV Production What is New in Crypto and Stock Market

Morning Brief: From Chip Makers to EV Production & What is New in Crypto and Stock Market so Far On Monday, bitcoin fell to slightly around $39,000, reaching one-month lows, while ether fell below $3,000 as risky assets such as cryptocurrencies continued under pressure from global central banks' plans to tighten monetary policy.

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