Snap Inc.’s revenue surged in the latest quarter, as the company attracted more users to Snapchat as well as advertisers looking to reach people spending more time online and on mobile devices as a result […]
Nvidia Corp.’s data-center chips brought in more money than the gaming specialist’s core business for the first time in the company’s second quarter, but new gaming chips amid a pandemic-influenced boom in videogames are expected […]
By Todd Horwitz|2020-08-20T12:23:23-04:00August 20th, 2020|Articles|Comments Off on Nvidia Sales Surge
Twitter Inc. reported strong user growth but experienced lingering impacts from the coronavirus pandemic in its latest quarter, as the company navigates a rocky advertising climate and the fallout from a major security breach.
Tesla Inc., for the first time in its 17-year history, reported a fourth-consecutive profitable quarter, a milestone that is sure to bolster Chief Executive Elon Musk’s pitch that he can usher in the age of […]
By Todd Horwitz|2020-07-23T11:45:17-04:00July 23rd, 2020|Articles|Comments Off on Tesla Posts Another Profitable Quarter
Lululemon, the purveyor of expensive athleisure and activewear, is betting on the future of personalized remote exercise as a way to reach customers by acquiring Mirror, a home fitness start-up that sells a $1,495 wall-mounted […]
By Todd Horwitz|2020-06-30T12:44:52-04:00June 30th, 2020|Articles|Comments Off on Lululemon to Buy Mirror
AMC Entertainment Holdings Inc., the world’s largest movie-theater chain, registered a $2.2 billion net loss in the first quarter, underscoring the devastating economic blow the pandemic has had on the exhibition industry.
Walmart emerged as one of the few lifelines to millions of people as the coronavirus spread, leading to surging profit and sales for the world’s largest retailer. Online sales in the U.S. jumped 74% for […]
By Todd Horwitz|2020-05-20T10:43:17-04:00May 20th, 2020|Articles|Comments Off on Walmart Sales Surge
Airbnb Inc. said it is slashing 1,900 jobs, or a quarter of its workforce, and cutting investments in noncore operations, as the home-sharing giant predicted the coronavirus pandemic would change its business even after more […]
By Todd Horwitz|2020-05-06T11:48:12-04:00May 6th, 2020|Articles|Comments Off on Airbnb to Cut 25% of Workforce