It wasn’t a great start to the new year for 10% of Salesforce employees who were laid off early Wednesday. The company overextended itself during the pandemic and now, amidst recession fears, is taking a more defensive approach to staffing. As many as 8,000 people will be let go in the coming weeks. CEO [...]
Monday morning saw the negative price trend for SNAP stock continue to strengthen, as shares fell an additional 3.5% by 11 AM EST. This came after Jeffries analyst James Heany joined Yahoo Finance to discuss the future for Snapchat - where he issued a grave warning to investors. We are nowhere near the bottom. [...]
Adobe Systems (ADBE) was moving early during Friday morning’s pre-market trading, and that manifested itself in an almost 6% gain when trading opened. This was the result of the company coming ahead of Wall Street expectations during the 4th quarter. The company reported adjusted earnings per share of $3.60, which beat the $3.50 [...]
Yesterday morning Reed Hastings - CEO of Netflix - went on the record to state that the company dropped the ball with its ad strategy. In fact, he states that Netflix should have launched its ad-supported tier years ago. In his interview with the New York Times, Hastings admitted he looked at advertising through [...]
Shares of Sumo Logic (SUMO) are trading over 11% higher this morning after a positive 3rd quarter earnings report. The company outpaced the expectations from Wall Street analysts on both the top and bottom lines - but before you make your next move with this stock, we’ve identified 2 things you need to see. Before [...]
Rackspace (RXT) sent out a press release over the weekend warning users of a security incident in the company’s hosted exchange environment. The news has created a frenzy and sent the stock down over 10% so far in Monday morning trading. But, the potential breach at Rackspace isn’t the only reason investors [...]
One of the biggest stories Wednesday morning is Crowdstrike (CRWD), which fell 20% after news of their dismal earnings made waves among investors and analysts alike. The cybersecurity company reported revenue and profit that topped estimates, and earnings were up 135% over the previous year at 40 cents per share. So - what caused [...]
Roku stock has had a rough year on the stock market, sitting 76% lower than this time last year. And, it appears things could be getting worse as one analyst who has been high on Roku stock finally downgraded the company. This sent shares 5% lower early Tuesday morning during pre-market trading, but they [...]
Lyft stock got a downgrade after reporting third-quarter earnings - despite an impressive, record-breaking performance. The stock hasn’t moved too much as a result of all this news. Nevertheless, investors are wondering if the time is up for the ridesharing company - or if there is still reason to hold onto hope. We’ve got [...]
Chinese company Tencent Music Entertainment (TME) enjoyed a nice 26% jump during this morning’s trading session. As of about 12 PM EST, the stock sits at $5.66 - the highest it’s climbed since March of this year. This is the reversal investors have been waiting for, as the company sits about 35% lower than [...]
