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Snap flags ad revenue hit from Middle East conflict, slower North America growthSnap experienced a decline in advertising revenues during the first quarter, largely impacted by ongoing tensions in the Middle East and a ...- Activist investor Elliott boosts stake in Pinterest by $1 billionElliott Investment Management is injecting $1 billion into the image-sharing platform, Pibterest. This move positions Elliott as Pinterest'...
- Jack Dorsey sounds layoff alarm after Block slashes 50% staff — which companies could be next?Tech layoffs 2026: Block is slashing over 4,000 jobs, nearly half its workforce, in a single decisive move to boost morale and efficiency. ...
- Some companies tie AI to layoffs, but the reality is more complicatedMajor companies like Amazon, Pinterest, and Expedia are announcing significant job cuts. While many firms cite artificial intelligence as t...
- Did artificial intelligence really drive layoffs at Amazon and other firms? It can be hard to tellMany assumed Amazon's 16,000 corporate layoffs announced last week reflected CEO Andy Jassy's push to "reduce our total corporate workforce...
- Snap forecasts weak revenue as big rivals threaten growth, shares slideSnapchat's parent, Snap Inc., missed Q3 revenue expectations, causing an 18% drop in shares after-market. Competing with larger players lik...
- Social media company Reddit set for NYSE debut after IPOThe Reddit social network was set to make its trading debut Thursday after pricing robustly in an initial public offering that suggested gr...
- Salesforce appoints new board directors amid activist investor pressureThe company appointed chief executive of hedge fund ValueAct Capital Mason Morfit, Mastercard finance chief Sachin Mehra and former chief e...
- The boy bosses of Silicon Valley are on their way outTop resignations in recent weeks signify the end of an era at these companies, which are among the most valuable and well-known to emerge f...
- PayPal reveals $2 billion stake held by Elliott, announces new CFOPayPal shares shot up nearly 12% after it also announced a slew of moves including appointing Blake Jorgensen as new chief financial office...
- Activist investor Elliott has built stake of over 9% in Pinterest: reportElliott has told the company that it is its biggest investor, the report said. The Vanguard Group holds an 8.7% stake, according to Refinit...
- Why Elon Musk's Warren Buffett-like playbook won't work on TwitterThese offers were viewed as fair by their acquisition targets and were backed by committed financing from Berkshire Hathaway. Musk's bid, o...
- EY India probes finances of influencer-led social commerce startup TrellThe team from the consulting firm is looking into alleged related party transactions by its founders and other financial irregularities, th...
- IndiaTech proposes key changes in SR shareholding rules to SebiThe conversation around shares with superior voting rights, or SR shares, is happening at a time when several Indian startups —from Paytm t...
- Twitter jumps most in a year after sales top estimatesThe shares soared as much as 16% on Wednesday, the most since Feb. 6, 2020, hitting a seven-year high. They were trading at $66.76 at 10:04...
- Uber's hype dissolves and IPO joins ranks of Wall Street flopsUber’s losses last year totaled $3.04 billion on an operating basis, with revenue of $11.3 billion. Its total operating losses over the pas...
- Uber slips below $70 billion value, marring a big year for IPOsUber shares debuted at $42, well below the IPO price of $45.
- Uber cofounder taking over stumbling social media company StumbleUponCamp, Geoff Smith, and Justin LaFrance started the content website in 2001 as they were finishing up their postgraduate studies in Canada.
- KQingdom: Messaging app that lets you earn money as you use itUsers can also transfer or sell their points to others if they wish to deactivate their account. Advertisements and third party notificatio...
- Stock exchange for unlisted startups to make exits easierEntrepreneur Manish Kumar’s proposed stock exchange, Grex, is intended to be a private placement platform for high growth startups.
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