Tag Archives: report

Amazon (AMZN) is preparing to lay off roughly 10,000 employees as soon as this week, The New York Times reported on Monday, citing unnamed sources familiar with the matter. The layoffs come as the tech industry continues to struggle amid a slowing economy, rising interest rates, and stubborn inflation. Facebook parent Meta and Twitter also laid off thousands of employees this month. The layoffs will impact Amazon’s Alexa business, as well as the company’s retail and human resources… Source link

Sam Bankman-Fried.Craig Barritt/Getty Images for CARE For Special Children Sam Bankman-Fried transferred at least $4 billion in FTX funds to Alameda Research earlier this year, sources told Reuters. The money included customer funds as well as those backed by FTX’s native token FTT and shares in Robinhood.  The Wall Street Journal reported FTX lent more than half of its $16 billion in customer funds to Alameda in total. Sam Bankman-Fried transferred at least $4 billion from FTX to Alameda… Source link

What had been feared for Brittney Griner has come to pass far sooner than expected. The process has begun for the WNBA All-Star to be transferred to a Russian penal colony, her legal team in Russia announced Wednesday in Moscow, a move her camp has dreaded since her August conviction on drug charges. A long-shot appeal for Griner was denied on Oct. 25, opening the possibility she would be moved from her previous jail in Moscow to the significantly harsher conditions of a penal colony, where… Source link

Etsy (ETSY) stock popped 9% in after-hours trading on Wednesday after the e-commerce company reported third-quarter revenue that beat analysts’ expectations. Here are the key figures compared to Wall Street’s expectations, compiled from Bloomberg: Revenue: $594.5 million actual versus $563.6 million expected Gross Merchandise Sales: $3 billion actual versus $2.92 billion expected Loss Per Share: -$7.62 actual versus 76 cents expected Active Buyers: 94 million actual versus 95.5 million… Source link

Plenty of questions were raised when the San Antonio Spurs waived last year’s 12th overall pick Joshua Primo out of the blue on Friday. An answer arrived one day later. Primo was released over multiple alleged instances of him exposing himself to women, according to ESPN. The ESPN report light on details of the allegations against Primo, merely noting the sudden decision to cut him loose reflected the severity of the issues with the 19-year-old wing. Shams Charania of The Athletic later… Source link

Meta (META) is gearing up to report its third-quarter earnings after the closing bell on Wednesday. Here’s what Wall Street’s expecting from Facebook’s parent company, as compiled by Bloomberg: Revenue: $27.4 billion expected Earnings Per Share (EPS): $1.88 expected Facebook Daily Active Users (DAUs): 1.86 billion expected The digital advertising slowdown had been top-of-mind for Meta and Big Tech overall heading into this week’s earnings. On Tuesday, Google parent Alphabet (GOOG, GOOGL) reported… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, Oct. 25, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. Read this and more market news on the go with Yahoo Finance App. This week, we’ll get Q3 earnings announcements from some big names including Microsoft (MSFT), Alphabet (GOOG, GOOGL), Meta Platforms (META), Apple (AAPL), and Amazon ( Source link

Key Takeaways Analysts estimate EPS of $1.25 vs. $1.40 in Q3 FY 2021. Google Cloud revenue is expected to rise year over year but at the slowest pace in at least four years. Revenue is expected to rise but at a slower pace compared to recent quarters. Alphabet (Google) Inc. (GOOGL), the third-largest tech company by market capitalization, will probably report a third straight quarter of earnings declines and slowing revenue growth for the third quarter of 2023 amid a challenging ad… Source link

The lack of federal privacy laws has left advertisers struggling to keep up with individual state laws, as Google and Microsoft continue to work on developing technology that works.   Earlier this year, JoAnne Monfradi Dunn, founder and CEO of Alliant, a data-as-a-service company that combines first- and third-party data … Source link

China has been supplying LNG to Europe after Russia curbed supply to the region.Hoëgh LNG China told state-owned natural gas importers like Sinopec and CNOOC to halt LNG sales to Europe, per Bloomberg. The order to halt resales comes as Beijing looks to protect domestic gas supplies for the winter. China has been a crucial supplier of gas to Europe as the region faces a Russia-driven energy crisis. Beijing has reportedly told state-owned natural gas importers to halt resales of cargoes to… Source link