With Twitter’s acquisition hopes essentially dead, the company now seems it’s on its own to fend for itself and needs to figure out a way to build a reasonable and profitable business. Today, it got a much-needed good Q3 performance by largely beating Wall Street’s expectations across the board. The company also confirmed that it would lay off roughly 9 percent of its staff as… Read More
Well that was unexpected — Tesla reported today in its third-quarter that it had earnings of 74 cents per share, compared to Wall Street’s expectations of a loss of 54 cents per share. In other words: Tesla said it actually made a profit this quarter on a GAAP basis. Tesla shares quickly jumped around 5.5% following the company posting a rare profit for the… Read More
In May earlier this year, Snapchat raised around $1.8 billion in a financing round that valued it at around $18 billion — and now it looks like that valuation could double in its upcoming IPO. Bloomberg is reporting that Snapchat is looking to raise as much as $4 billion in its initial public offering that could value it as high as $35 billion. Previously, the company was reportedly… Read More
Apple is working to match the demand for the iPhone 7 Plus as best as it can, but it might not meet all the demand by the end of the year, CEO Tim Cook said on the investor call discussing its fourth-quarter earnings. “It’s hard to say,” Cook said in response to an investor question about whether the iPhone would hit supply/demand equilibrium by the end of the next quarter. Read More
All eyes are, officially, on the holiday season for Apple. Ahead of the Christmas retail season, Apple reported its fourth-quarter earnings that were basically directly in-line with what Wall Street was expecting. Almost everything came in line as the company stands in a basic holding pattern, waiting for the first full quarter of its next generation of iPhone sales to come in throughout… Read More
Matt Zeiler grew up in a Canadian farming community — but fast forward a few decades and he’s now running a startup that’s looking to bring the same kinds of visual search tools that Pinterest and Google have to other companies and developers. That company is Clarifai, a New York-based startup that offers developers the ability to tag metadata to photos in such a way that… Read More
Well, now we know why Twitter decided to move its earnings report to before the market opens (when the West Coast will conveniently, largely be asleep). Bloomberg is reporting that the company may cut up to 8% of its staff, or around 300 people, and that the cuts could be announced as soon as this week. As usual these situations are very dynamic, so all of the above could shake out to be… Read More
