I have a run of internal meetings starting in 15 minutes, so we have to be quick, but tech stocks are taking body blows yet again today. A selloff earlier in the week had us taking note. Today cements our raised eyebrows. And when we say tech shares are under attack, we are not only […]
Bird’s first public earnings show missed Q3 revenue, but potential for full-year growth
Today after the bell, scooter-sharing company Bird disclosed its third-quarter earnings, the first time it has done so as a public company. Bird recently merged with a SPAC, bringing cash and public-status to the formerly private unicorn. In the third quarter, Bird’s revenues missed expectations, but given an expanded global footprint and an expectation that […]
TechCrunch+ roundup: Collecting zero-party data, Airbnb CEO interview, crypto volatility
On Wednesday, November 17 at 3 p.m. PST/6 p.m. EST, I’ll interview Ben Parr on Twitter Spaces about how zero-party marketing best practices. To get a reminder, please follow @techcrunch on Twitter.
Despite huge iPhone sales, Apple misses the mark in Q4 earnings report
Supply shortages led Apple to miss investors’ and analysts’ expectations.
Amazon stock falls on revenue miss, rising costs due to macroeconomic conditions
It’s very hard to feel poorly for a company worth around $1.75 trillion, so we won’t. But shareholders of Amazon stock are taking on a bit of water in after-hours trading this afternoon. Amazon reported its Q3 2021 results today after the bell, detailing its recent performance that included a top-and-bottom miss on revenues and […]
Self-driving company Cruise on track for early commercial operations in 2022
General Motors CEO Mary Barra is “pretty confident” that the driver will be out of Cruise vehicles by 2022, as the company looks to enter early commercial operations for autonomous robotaxi and delivery services. Her comments reiterate a timeline outlined earlier this month by Cruise CEO Dan Ammann at the automaker’s investor day. The guidance […]
Microsoft and Alphabet trounce investor growth expectations
The two companies put up solid growth numbers, made a zillion dollars between them and spent a collected $23.5 million on shareholder-friendly activities. It’s a good time to be a tech giant.
Facebook reports revenue miss, plans to break out AR/VR top lines
U.S. social networking giant Facebook reported its Q3 financial results today after the bell. It reported $29.0 billion in total revenue and earnings per share of $3.22, calculated on a diluted basis. Investors had expected the company to report revenues of $29.58 billion, per data collected by Yahoo Finance, and earnings per share of $3.19. […]
Red Hat continues to grow, but IBM’s struggles continue
IBM has been in the midst of a strategy shift with a focus on hybrid cloud and AI since Arvind Krishna was promoted to CEO in last year. Red Hat, the software company it purchased for $34 billion in 2018 has been at the center of it all. With the company reporting earnings yesterday, the […]
Tech stocks drop as Q4 begins; software shares, Facebook plunge 5%
What’s the opposite of stonks? Shares of technology companies are sharply lower in the United States today, with the tech-heavy Nasdaq Composite falling 2.4% in early-afternoon trading. Inside of the larger tech industry, things are even worse. The WisdomTree Cloud Computing Fund, essentially a way to trade the Bessemer Cloud Index as an aggregate, is […]