It’s been a crazy weekend in the AI world after OpenAI fired co-founder and CEO Sam Altman without warning late Friday. There was reason to believe he would be returning to the company just 48 hours later before OpenAI’s board of directors squashed that rumor, rejecting Altman’s offer. Then, tech-giant Microsoft (MSFT) capitalized on [...]
By Leslie N. Masonson, MBA Stride Inc. (NYSE:LRN), a technology-based education services company was incorporated in 2000 in Reston, Va. where it is currently headquartered. The company was formerly known as K12 Inc., but changed its name to Stride, Inc. in December 2020. It has $1.89 billion in annual sales and a market capitalization [...]
Friday morning was a rude awakening for shareholders of the Trade Desk (TTD), which fell more than 18% after delivering third-quarter earnings Thursday evening. Despite exceeding analysts’ forecasts, the stock is down on concerns of a weak ad environment going into the biggest quarter of the year. The digital ad platform reported revenue of [...]
Shares of Bumble (BMBL) are up 2% after a roller coaster ride this morning. The stock initially tumbled 8% in pre-market trading before climbing 7% when the market opened. All of this is a result of the company delivering a third-quarter earnings update that fell short of expectations. Bumble, the online dating and networking [...]
By Leslie N. Masonson, MBA ServiceNow (NOW), a NYSE-listed company, became public in 2004 in Santa Clara, California, where it is currently headquartered. It has $8.5 billion in annual sales and a market capitalization of $124.4 billion. ServiceNow added more than 2000 workers over the past year and projects sales growth of over 20% [...]
Apple (AAPL) delivered quarterly earnings Thursday evening and narrowly surpassed analyst expectations. But, the lack of guidance issued for the fiscal first quarter of the year (December quarter) left analysts and investors alike perplexed and assuming the worst - shares are down 2% as a result. The company’s fiscal fourth quarter saw a slight step [...]
Shopify (SHOP) shares got a nice 22% boost in Thursday morning’s trading session after the company reported third-quarter earnings that beat expectations on both the top and bottom lines. The e-commerce platform also provided upbeat guidance for the remainder of the year. Revenue of $1.71 billion outperformed the analyst expectation of $1.67 billion. This [...]
Streaming giant Netflix (NFLX) is up 15% so far in Thursday morning’s trading session after the company delivered solid third-quarter earnings, which featured a boost to both profitability and subscribers. We’ve talked about the company’s efforts to crack down on password sharing in the past and what it could mean for the streamer financially. [...]
Shares of Arm Holdings PLC (ARM) are up 3% in Monday morning’s trading session after news hit that the bulls love this stock. In fact, some analysts see as much as a 57% upside potential in the stock. The company, which specializes in chip design, is trading only 6% above its IPO price. That [...]
HP (HPQ) fell nearly 3% in pre-market trading Monday morning before settling at around a 1% loss when the market opened. The stock is suffering from news of billionaire investor Warren Buffet selling off his shares of the PC maker in the last week. The SEC filing shows a sale by Berkshire Hathaway of [...]
