Twitter Inc. It posted its second 1 billion quarter on Tuesday, sending its shares up nearly 4% in subsequent trading to a 52-week high. Twitter TWTR, + 2.87% Analysts at Factset said the stock had a net income of 22 222 million, or 29 cents, against expectations of 29 cents. …
Read More »Jack Mae offered China parts of the ant group to save the IPO
In early November, when Jack Ma was trying to protect his relations with Beijing, according to people familiar with the matter, the Chinese billionaire offered to hand over parts of his financial-technology company, Ant Group, to the Chinese government. People said, you can take any ant platform as long as …
Read More »Uber sells its ‘flying taxi’ business to startup Joby
A day after unloading its self-driving vehicle unit, Uber Technologies Inc. Silicon Valley startup Joby Aviation said it would acquire Uber Elevate, and that Uber has agreed to invest 75 75 million as part of the deal. Joby told Uber UBR, -1.47% It had previously invested an undisclosed $ 50 …
Read More »Epidemics have sent people floating to Pinterest and Snap, which could be a bad sign for Facebook
Pinterest Inc. New users were booming during the COVID-19 epidemic. iStock / Getty Images Pinterest Inc. And Snape Inc. has pushed the prospect of a return to online advertising from the downturn experienced at the start of the Covid-11 epidemic, but the optimism spread across the sector – especially Facebook …
Read More »Ready for another big tech hearing / earnings doubleheader?
Three months ago, Big Tech’s biggest names were caught up in a congressional hearing that was rigged by politicians for their business dominance, then paraded in front of Wall Street a day later to appease them for their financial dominance. Someone must have enjoyed it, because it is going to …
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