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...
02 Feb, 2026, 08.40 PM IST
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...
02 Feb, 2026, 11.36 AM IST
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...
02 Aug, 2024, 09.21 AM IST
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...
21 Mar, 2024, 07.40 AM IST
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...
27 Jan, 2023, 09.26 PM IST
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...
11 Aug, 2022, 10.19 PM IST
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...
03 Aug, 2022, 08.57 AM IST
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...
15 Jul, 2022, 07.50 AM IST
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...
15 Apr, 2022, 01.23 PM IST
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...
12 Mar, 2022, 06.00 AM IST
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...
02 Aug, 2021, 06.01 AM IST
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...
10 Feb, 2021, 10.24 PM IST
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...
13 May, 2019, 09.25 AM IST
Uber slips below $70 billion value, marring a big year for IPOsUber shares debuted at $42, well below the IPO price of $45.
11 May, 2019, 03.46 PM IST
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.
27 Aug, 2015, 12.27 PM IST
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...
14 Mar, 2015, 12.26 PM IST
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.
22 Apr, 2014, 01.23 PM IST