Another day, another reversal in the stock market
Signs that the Federal Reserve could hold off on further interest rate hikes coupled with a booming jobs report sent stocks on Wall Street surging to close a volatile first… Read more »
Category: Earnings
Apple losses trigger a plunge in US markets
Bad news from Apple and signs of slowing international and domestic growth sent stocks tumbling in Thursday trading on all of the major markets. Investors erased some $75 billion in… Read more »
Cryptocurrency chill causes mining speculator Nvidia’s stock to plunge
The cryptocurrency market is an exciting one, but it’s also unpredictable — and when things go south, they take related businesses with them. Nvidia, a hardware giant that has been… Read more »
Airbnb made more than $1 billion in revenue last quarter
Ahead of Airbnb’s expected initial public offering next year, the home-sharing startup announced more than $1 billion in revenue during Q3 2018. Airbnb says this was its strongest quarter to… Read more »
China’s Craigslist continues growth after netting 100 million small-town users
58.com, the Craiglist of China, is making a massive push to pick up rural users as it hedges China’s economic uncertainties. During the third quarter, revenues grew 33.2 percent to $527 million… Read more »
IAC reorg makes Vimeo and DotDash standalone segments, adds new acquisition Robokiller
IAC is changing the way its business is organized, the company reported during its Q3 2018 earnings on Wednesday. The company’s video platform Vimeo and DotDash (previously About.com) will become… Read more »
Despite a strong Q3 earnings report, Square’s Q4 forecast disappoints investors
Despite a strong third-quarter earnings report, Square’s forecast for the final quarter of this year gave investors pause, sending its share price down 6 percent in after hours trading before… Read more »
Tinder now has 4.1M paying users, expects $800M in revenue this year
Facebook Dating is no challenger to Tinder-owner Match Group (NASDAQ: MTCH), which posted third-quarter earnings per share of 44 cents on Tuesday. The company, which owns several brands of internet… Read more »
As stock rises on a slim earnings beat, eBay tells analysts to focus on payments and ads
Despite increasing competition from traditional retailers like Walmart and Target, which have invested heavily in e-commerce, and the whupping it’s routinely taking from Amazon among pure e-commerce companies, eBay the… Read more »
Facebook shares climb despite weak Q3 user growth and revenue
After last quarter’s bloodbath earnings report that cut 20 percent from Facebook’s share price, the social network stumbled in Q3 2018, reaching 2.27 billion monthly users, up 37 million users… Read more »