DoorDash Jumps After a €7B Deal to Buy Finnish Delivery Firm Wolt
(FT) Delivery firm DoorDash rose about 20% in premarket trading on Wednesday on news it will acquire Finnish delivery operator Wolt for 7 billion euros. DoorDash expects the deal to…
GE Surges After Announcing a Split into 3 Entities in Revival Plans
(Reuters) Shares of industrial giant General Electric rose more than 12% in premarket trading on Tuesday after the company announced it would split into three entities to streamline its operations.…
Tripadvisor Plunges on Missed Earnings Expectation and CEO Exit
(Tripadvisor) Shares of Tripadvisor Inc. fell more than 8% on Tuesday after its 2021 third quarter revenue of $303 million missed expected $307.3 million. The revenue were double from $151…
Alphabet the Top Earner Among US Tech Giants in 2021 as Market Cap Hits $2T
(Bloomberg) Google’s parent company Alphabet Inc. was the top gainer among US big five tech firms this year with its 70% advance taking the total market cap above $2 trillion. …
China Lines Up More Than a Dozen Licenses for Tutoring Firms in New Guidelines
(WSJ) China is preparing to issue more than a dozen licenses to education companies seeking to offer after-school tutoring. The tutoring firms will be required to operate as non-profit, while…
AMD Stock Surges the Strongest in 15 Months on New Business With Meta
(MarketWatch) Shares of Advanced Micro Devices Inc. posted the highest gain since July 29, 2020 after announcing that Facebook’s parent Meta would use its Epyc processors. AMD stock was also…
Roblox Revenue More Than Doubles in Q3 2021
(Roblox) Revenues of Roblox Corporation rose 102% to $509.3 million in the third quarter of 2021 from the prior year, with growth recorded across all core metrics. Net loss attributable…
Regeneron’s Antibody Cocktail 81.6% Effective in Reducing Contracting Covid-19
(Regeneron) Regeneron Pharmaceuticals Inc. has announced that a single dose of its antibody cocktail, REGEN-COV, minimized the risk of contracting Covid-19 by 81.6%. The efficacy results came from a late-stage…
Airbnb Gross Bookings Rise 48.8% to Help its Third Quarter Revenue Beat Forecasts
(Airbnb) Bookings on Airbnb rose by 48.8% to $11.9 billion to help the company post a revenue of $2.24 billion in the third quarter, a 66.7% jump from prior year.…
Twitter Community Wants Elon Musk to Sell 10% of Stake in Tesla
(Twitter) 58% of 3.5 million Twitter users support Elon’s Musk’s idea of selling a 10% stake in Tesla valued at $21 billion. In a poll conducted over the weekend by…
Alphabet to Take CME Group’s Trading Systems to the Cloud after $1B Investment
(Reuters) Alphabet Inc. has struck a 10-year deal to invest $1 billion in CME Group and take its trading systems to the cloud. CME group is expected to start shifting…
Uber’s EBITDA Gets into The Positive Territory as Revenues Jump 72% in Q3 2021
(Uber) Uber Technologies Inc. reported an adjusted EBITDA of $8 million in the third quarter of 2021, up $517 million from the second quarter and $633 from prior year. The…
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