Amazon Swings Into a $3.8B Loss in Q1 2022 as Online Sales Fall
(Amazon) Amazon reported a net loss of $3.8 billion in the first quarter of 2022, down from a net income of $8.1 billion in the comparable quarter of last year.…
Goldman Delves Further into Crypto with a Bitcoin-Backed Loan
(Bloomberg) Banking giant Goldman Sachs is pushing further into cryptocurrencies, with its first lending facility backed by Bitcoin owned by the borrower. Goldman said it was excited by the structure…
STEPN Native Tokens GMT, GST Surges on Reports of Potential Coinbase Listing
(Twitter) The native tokens of lifestyle app STEPN soared on reports that they would be available to trade on the U.S.-based crypto exchange Coinbase. The price of STEPN’s governance token…
T Stamp Gains by Triple Digits After Launching a Selfie-Based Authentication Solution
(Trust Stamp) T Stamp stock rose more than 173% on Thursday after the company launched a Biometric Multi-Factor Authentication solution. T Stamp claims that the new product will let users…
Pinterest Reports Users’ Fall as Q1 2022 Revenue Jumps 18%, Loss Narrows
(Pinterest) Pinterest reported 433 million Monthly Active Users in the first quarter of 2022, down 9% from the prior year. The social media company reported quarterly revenue of $575 million,…
Swvl Holdings Soar 48% After Agreeing to Acquire Zeelo in Global Push
(Swvl) Shares of Swvl Holdings Corp. rose more than 48% on Thursday after announcing a deal for Zeelo to become the global leader in mass transit. Swvl said that Zeelo…
US Economy Shrinks for the First Time Since 2020 in the First Quarter
(BEA) The US gross domestic product posted an annual decline of 1.4% in the first quarter of 2022, marking the first time the economy has contracted since 2020. The current-dollar…
Twitter’s Net Revenue Jumps 16% Amid Subscription Weaknesses
(Twitter) Twitter reported a net revenue of $1.20 billion in the first quarter of 2022, representing a gain of 16% from the previous year. The company said its advertising revenue…
Ford Affirms FY22 EBIT Amid $3.1B Loss in the First Fiscal Quarter
(Ford) Ford said it was on course to deliver a FY22 EBIT of between $11.5 billion and $12.5 billion, which is 15% to 25% higher than 2021. The affirmed guidance…
Teladoc Plunges 40% as Q1 2022 New Loss Widens Amid a $6.6B Impairment Charge
(Teladoc) Shares of Teladoc tanked 40% on Thursday after reporting a net loss per share of $41.58 in the first quarter of 2022, compared to a loss per share of…
Qualcomm Grows Earnings by 67% In Q2 2022 After Record Revenues
(Qualcomm) Qualcomm Incorporated reported a net income of $2.934 billion in the second quarter of 2022, an increase of 67% from the previous year. The company’s revenue hit a record…
Facebook Stock Soars 17% As It Reports Subscriber Gains, Higher Earnings
(Meta) Shares of Meta’s Facebook rose more than 17% on Thursday after reporting 2.94 billion monthly active users in the first quarter of 2022, up 3% from the prior year.…
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