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Palo Alto Networks is buying IBM's QRadar cloud security software assets and moving customers to its own platform; IBM will adopt Palo Alto products internally
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2 days ago
IBM
Asset
Cisco reports Q3 revenue down 13% YoY to $12.7B, vs. $12.53B est., net income down 41% YoY to $1.89B, and forecasts FY 2024 revenue above estimates
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2 days ago
Cisco
Netflix says its ad tier has 40M MAUs, up from 23M in January, and it will launch its own ad platform and no longer partner with Microsoft for that technology
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www.cnbc.com
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2 days ago
Microsoft
Netflix
Amazon made its debut pitch at the Upfronts annual ad sales event on May 14, competing with major media networks and highlighting its push beyond digital ads
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www.cnbc.com
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2 days ago
Amazon
Ilya Sutskever says he will leave OpenAI; Director of Research Jakub Pachocki will become OpenAI's new chief scientist
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www.cnbc.com
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3 days ago
Reddit's stock closed up 7.13% today, amid a meme stocks rally driven in part by posts on r/WallStreetBets; GameStop closed up 60.10% and AMC up 31.98%
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3 days ago
Reddit
Foxconn reports Q1 revenue down 9% YoY to ~$40.9B, net profit up 72% YoY to ~$679M, and consumer electronics was 48% of its revenue while cloud was 28%
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www.cnbc.com
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4 days ago
Sony reports Q4 revenue up 14% YoY to ~$22.4B, above ~$18.5B est., operating profit up 57% YoY to ~$1.5B, and sold 20.8M PS5 units in FY 2023, below guidance
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www.cnbc.com
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4 days ago
4Q
Sony
Anthropic launches its Claude chatbot and subscription plans in Europe, available to individuals and businesses through the web and via an iPhone app
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www.cnbc.com
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4 days ago
Europe
iPhone
chatbot
SoftBank reports a $4.6B gain on its Vision Fund in the fiscal year to March 2024, the first gain since 2021, after ByteDance and DoorDash rose in value
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5 days ago
A federal judge dismisses X's lawsuit against Bright Data over data scraping; Meta previously filed a suit against Bright Data and was similarly unsuccessful
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7 days ago
Alibaba releases Qwen2.5, says its Qwen models are used by 90K+ companies; OpenCompass: Qwen2.5 beats GPT-4 in language, creation but not knowledge, reasoning
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8 days ago
Alibaba
Robinhood reports Q1 revenue up 40% YoY to $618M, vs. $549M est., crypto transaction revenue up 232% to $126M, net income of $157M, vs. a net loss of $511M YoY
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9 days ago
Airbnb reports Q1 revenue up 18% YoY to $2.14B, vs. $2.06B est., Nights and Experiences Booked up 9.5% to 132.6M, and forecasts Q2 revenue below expectations
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9 days ago
Airbnb
UK neobank Monzo raised $190M at a $5.2B valuation, up from $5B in March 2024 after raising $430M, and plans to use the funds for its international expansion
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10 days ago
Reddit Q1: revenue up 48% YoY to $243M, vs. $212.8M est., net loss of $575.1M, driven by IPO expenses, and DAUq total up 37% to 82.7M; RDDT up 15%+ after hours
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10 days ago
IPO
Reddit
Disney reported Disney+ and Hulu had an operating income of $47M in Q2, vs. a loss of $587M YoY, the first time the streamers had a combined profit in a quarter
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10 days ago
Palantir reports Q1 revenue of $634M, up 21% YoY, vs. $625M est., net income of $106M, up from $16.8M YoY; Palantir stock drops 9% after hours on weak guidance
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11 days ago
Block Q1: revenue up 19% YoY to $5.96B, vs. $5.82B est., gross profit up 22% to $2.09B, Square profit up 19%, Cash App profit up 25%; SQ jumps 7%+ after hours
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15 days ago
An NLRB judge finds Amazon CEO Andy Jassy violated US labor law with his comments in 2022 suggesting workers would be “less empowered” if they voted in a union
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16 days ago
Amazon
Qualcomm reports Q2 revenue up 1% YoY to $9.39B, vs. $9.34B est., handset sales up 1% YoY to $6.18B, and Q3 revenue forecast above expectations
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16 days ago
In a US Senate hearing, the UnitedHealth CEO says the company paid a $22M ransom to hackers who accessed a Change Healthcare server that wasn't protected by MFA
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16 days ago
Senate
Sources: Google laid off at least 200 employees from its “Core” teams, including its Python developer team, and plans to move some roles to Mexico and India
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16 days ago
Mexico
India
Google
Anthropic launches Team, a new enterprise plan that offers access to its Claude 3 Opus, Sonnet, and Haiku models for $30/user/month and a free iOS app
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16 days ago
IOS
AMD reports Q1 revenue up 2% YoY to $5.47B, vs. $5.46B est., Data Center revenue up 80% YoY to $2.3B, and net income of $123M, up from a $139M loss YoY
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17 days ago
AMD
Amazon reports Q1 AWS revenue up 17% YoY to $25.04B, vs. $24.49B est., and AWS operating income of $9.42B, vs. $7.52B est., up from $5.12B YoY
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www.cnbc.com
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17 days ago
Amazon
Samsung Q1: revenue up 12.81% YoY to ~$52.3B, vs. ~$51.6B est., and operating profit up 932.8% YoY to ~$4.8B, vs. ~$4.3B est., as memory chip prices rebounded
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18 days ago
Samsung
China removes restrictions on Tesla cars after its China-made vehicles passed the country's data security requirements; five other local brands also got cleared
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19 days ago
China
Tesla
Meta, Alphabet, and Snap beat analysts' estimates in their Q1 results, showing acceleration in advertising growth after struggling to rebound from a dismal 2022
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20 days ago
Alphabet
As Intel reports disappointing earnings and guidance, and becomes S&P's worst performing stock in 2024, a look at the long history of company's missteps
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www.cnbc.com
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21 days ago
Intel
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