Ashley Capoot / CNBC:
Larry Page’s flying car startup Kittyhawk says it will “wind down” and is “working on the details of what’s next”; Kittyhawk was founded as Zee.Aero in 2010 — – Google co-founder Larry Page’s flying car startup Kittyhawk is winding down, the company announced.
Ashley Capoot / CNBC:
Jack Dorsey apologizes for growing Twitter “too quickly”, amid mass layoffs; Twitter’s headcount grew from ~2,000 to 7,500+ between June 2013 and December 2021 — – Twitter co-founder Jack Dorsey apologized Saturday for growing the company “too quickly,” a day after hundreds …
Ashley Capoot / CNBC:
The SEC fines Oracle $23M for allegedly bribing officials in India, Turkey, and the UAE between 2016 and 2019, the second such fine after a 2012 settlement — – Oracle has settled with the Securities and Exchange Commission after it was charged with violating the Foreign Corrupt Practices Act …
Ashley Capoot / CNBC:
Memo: Elon Musk tells Twitter staff they can continue to receive stock and options despite the company being private, using a plan “much like that of SpaceX” — – Twitter’s new owner Elon Musk told employees Monday they can receive stock and options as part of an …
Ashley Capoot / CNBC:
Cisco reports Q1 revenue up 6% YoY to $13.6B, vs. $13.3B est., including Secure, Agile Networks up 12% YoY to $6.68B, and increases its FY 2023 revenue guidance — – Cisco reported fiscal first-quarter results on Wednesday that beat analysts’ estimates on top and bottom lines.
Ashley Capoot / CNBC:
Palantir Q3: revenue of $478M, up 22% YoY, vs. $470M est., US commercial customer count increased 124% YoY and US commercial revenue up 53% YoY; stock down 12%+ — – Shares of Palantir fell Monday after the company released third-quarter earnings before the bell that missed analyst estimates for earnings but beat on revenue.
Ashley Capoot / CNBC:
Roblox reports Q3 revenue up 2% YoY to $517.7M, bookings up 10% YoY to $701.7M, and DAUs up 24% YoY to 58.8M; stock drops 15%+ on a larger-than-expected loss — – Shares of Roblox fell more than 17% in premarket trading Wednesday after the company reported a third-quarter loss but beat analyst estimates for revenue.
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