Google parent announces first-ever dividend; beats on sales, profit; shares soarAlphabet announced its first dividend and a $70 billion stock buyback, leading to a 16% stock surge. The company invests in data centers fo...
26 Apr, 2024, 07.17 AM IST
Alibaba approves an additional $25 billion share buyback as its revenue disappointsAlibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) in the quarter that ended in December, slightly missing analys...
08 Feb, 2024, 07.38 PM IST
TikTok owner ByteDance offers to buy back shares from staff at $160 apieceThe price per restricted stock unit is in line with an offer it made to current and former US employees in October, according to a report w...
08 Nov, 2023, 03.36 PM IST
TikTok parent ByteDance's valuation slumps to $223.5 billion in stock buyback: reportChinese company ByteDance is reportedly buying back shares from its U.S. employees at a valuation of $223.5 billion, down 26% from the prev...
03 Oct, 2023, 08.14 AM IST
TikTok parent ByteDance to allow US staff to cash out on shares: reportThe move is aimed at appeasing restless employees who have been waiting for an initial public offering to profit from the shares they have ...
12 Jul, 2023, 12.55 AM IST
SoftBank posts $7.18 billion annual loss as Vision Fund slides furtherJapan's SoftBank Group Corp reported an annual net loss of 970 billion yen ($7.18 billion) for the year ended March 31, with the Vision Fun...
11 May, 2023, 12.47 PM IST
Alphabet’s Q1 topline, bottomline beat Street; $70 billion share buyback announcedThe tech giant’s net income dropped 9% to $15.05 billion in the quarter under review from $16.44 billion in the year-ago period. Operating ...
26 Apr, 2023, 04.05 PM IST
Meta stuns Street with lower costs, big buyback, upbeat salesMeta stock surged nearly 19% in after-hours trade. If gains hold on Thursday, it would set up the shares for their biggest intraday surge i...
02 Feb, 2023, 08.04 AM IST
Exclusive: Big payday for PhonePe founders; key takeaways for tech, startups from Eco Survey 2023To kick start the day, we have a packed edition of the ETtech Morning Dispatch. Bunch of stories on what the Economic Survey 2023 recommend...
01 Feb, 2023, 08.19 AM IST
Cred continues fintech consolidation; Dailyhunt parent sacks 150 employeesDays after we reported that digital payments major PhonePe was set to acquire buy-now-pay-later platform ZestMoney, India’s fintech sector ...
29 Nov, 2022, 07.13 PM IST
TikTok owner ByteDance increases price of share buyback for staff -sourcesThe higher price is aimed at motivating employees by helping them monetise their holdings, the sources said
12 Oct, 2022, 03.15 PM IST
ByteDance to spend up to $3 bln to repurchase shares from investorsThe company's board will put the proposal, which values its shares at up to $176.9 apiece, to its shareholders at the end of this month and...
16 Sep, 2022, 04.06 PM IST
ByteDance to spend up to $3 billion to repurchase shares from investorsThe exercise is mainly aimed at helping some of its shareholders improve their liquidity positions, a person with direct knowledge of the p...
16 Sep, 2022, 03.46 PM IST
SoftBank breaks profit recordsIn today's ETtech Top 5 newsletter: SoftBank has clocked the highest ever profits for a Japanese firm, eBay taps into the phenomenon that i...
12 May, 2021, 07.31 PM IST
Raining unicornsIn today's ETtech Morning Dispatch newsletter: Pharmeasy and Cred are the newest entrants of India's startup unicorn club, BPM firms see hi...
07 Apr, 2021, 08.16 AM IST
Cred ArmyFrom Cred becoming India's latest startup unicorn, Clubhouse rolling out monetisation for creators and Bytedance receiving a temporary reli...
06 Apr, 2021, 06.59 PM IST
Facebook investors don't need to fear a breakupDespite its enviable growth rate and online advertising duopoly with Alphabet Inc.'s Google, Facebook's stock has a relatively pedestrian v...
15 Dec, 2020, 05.55 PM IST