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Technology
Alphabet Shares Up 4.5% In Extended Trading On Strong Q1 Revenue Growth
April 27, 2021 04:41 PM PDT| By Team Kalkine MediaSummary Strong advertising revenue and cloud business fuelled a 34 percent year-over-year growth in first-quarter revenue. Alphabet’s net income more than doubled to US$17.93 billion from US$6.84 billion in the year-ago quarter. The Goog.....
Microsoft’s (NASDAQ:MSFT) Q3 Net Profit Up 44% On Cloud Growth
April 27, 2021 04:05 PM PDT| By Team Kalkine MediaSummary Microsoft’s total revenues rose 19% to US$41.7 billion, while its operating income jumped 31% to US$17 billion in the quarter ended March 31, 2021. Microsoft stocks (NASDAQ:MSFT) were trading flat at US$261.97 at 4:00 pm ET on Tue.....
Amazon Stocks (NASDAQ:AMZN) Shine On Stock Split Hopes
April 27, 2021 11:24 AM PDT| By Team Kalkine MediaSummary News of Amazon stock split draws fresh attention to the stocks, whose value jumped nearly 44% over the past year. Amazon is likely to announce its latest quarterly results later this week. Amazon’s net sales had risen by 38% in 2.....
Proofpoint Shares Rally On US$12.3B Takeover Deal From PE Firm Thoma Bravo
April 26, 2021 06:18 PM PDT| By Team Kalkine MediaSummary NASDAQ-listed cybersecurity company Proofpoint will become private after the transaction. Thoma Bravo will pay US$176 per share in cash to Proofpoint shareholders, a premium of 34 percent. The deal, which got approval from Proofpoint&r.....
Decline in Data Center Revenue Pulls Intel’s Stock Down
April 23, 2021 05:37 PM PDT| By Team Kalkine MediaSummary Intel’s data center revenue during the first three months of the year fell 20 percent year over year. Revenue growth in the PC-centric business was offset by the decline in data center business. The semiconductor company projects.....
Why are Women More Exhausted after Video Conferencing?
April 22, 2021 02:16 AM PDT| By Team Kalkine MediaSummary Zoom fatigue refers to the exhaustive feeling of tiredness after prolonged video conferences. A new study from Stanford University found women are 13.8 percent more Zoom fatigue than men. Zoom overtook Google and Microsoft video apps d.....
ASML Holding Shares Rally on Higher 2021 Sales Estimate
April 21, 2021 05:20 PM PDT| By Team Kalkine MediaSummary The Dutch semiconductor equipment maker projects 2021 sales to grow 30 percent. First-quarter net sales rose to €4.36 billion from €2.44 billion in the year-ago period. Shares of ASML grew 61 percent on NASDAQ in 2020 and is .....
Grab To Go Public in US via US$39.6-Billion SPAC Merger
April 14, 2021 03:36 AM PDT| By Team Kalkine MediaSource: patpitchaya, Shutterstock Summary The Singapore-based ride-hailing company will merge with special purpose acquisition company Altimeter Growth. The transaction values Grab at an initial pro-forma equity value of approximately US$39.6...
Nuance Stock Rallies on Microsoft’s US$19.7B deal
April 13, 2021 12:24 AM PDT| By Team Kalkine MediaSource: Pixabay Summary Microsoft will pay US$56 per Nuance share, which represents a 23 percent premium on Friday’s closing price. The US$19.7 billion all-cash transaction, which includes debt, is expected to be completed in 2021. Nuan...
Palantir (NYSE:PLTR) Stock Climbs 135% Since September 2020 Debut
April 13, 2021 12:06 AM PDT| By Team Kalkine MediaSource: Bro Crock, Shutterstock Summary The data analytic firm went public on NYSE in September 2021 through a direct listing. Palantir’s revenue in 2020 rose 47 percent year-over-year to US$1.09 billion. The Denver-based company antici...
Facebook Removes 16,000 Groups over Fake, Misleading Reviews
April 09, 2021 01:36 PM PDT| By Team Kalkine MediaSource:pkstudio, Shutterstock Summary The UK competition watchdog finds evidence of fake reviews on Facebook and Instagram. The social media giant had removed 188 groups earlier after CMA highlighted such concern. The authority has also flagg...
How is Intel turnaround going?
March 24, 2021 11:15 PM PDT| By Tribhuwants and raised first quarter FY21 guidance due to better trading conditions. Late last year, Third Point LLC Chief Executive Daniel Loeb asked the firm to improve shareholder value after buying a stake in Intel. He highlighted that Intel competi...
Amazon To Offload Nearly 5% Stake From Deliveroo In IPO
March 23, 2021 07:00 PM PDT| By Team Kalkine MediaSource:Sundry Photography, Shutterstock Summary Amazon could raise as much as US$148 million from its 5 percent stake sale in Deliveroo IPO. The US company will continue to hold around 11.5 percent stake after the listing. The retailer would...
Apple Fends Off First Legal Challenge After App Privacy Changes
March 17, 2021 07:11 PM PDT| By Team Kalkine MediaSource:Rido, Shutterstock Summary French competition authority deflects move against Apple over its new app privacy settings. Apple to restrict third-party access of its users’ browsing data through an opt-in option. Big Tech companies...
Zoom continues its wild ride, caps off FY21 with stellar Q4 results
March 02, 2021 01:08 AM PST| By Team Kalkine MediaSource:Ink Drop, Shutterstock Summary Zoom witnessed exceptional growth during the pandemic period, as more and more people started using the video calling app. The company delivered strong numbers for Q4 and FY21. Zoom is expecting robust gr...
Square Stock (NYSE:SQ) Trends After USD 170 million Bitcoin Investment
February 24, 2021 01:46 PM PST| By Team Kalkine MediaSource:TZIDO SUN, Shutterstock Summary Square Inc stock surges as company increases stake in Bitcoin to USD 220 million. Its revenues grew by 140 percent to USD 3.03 billion in the third quarter of 2020. It was among the top volume leaders, w...
Will Facebook and Google pull out of Australia?
February 18, 2021 10:30 AM PST| By Team Kalkine Mediaustralia plan is unclear for the moment but agrees to pay US media giant News Corp. News organizations and tech and social media companies have shared a symbiotic relationship until now, but that may change if Australia has its way. Canberra is...
Reddit Valuation Soars To $6 Billion After Latest Fundraiser
February 10, 2021 11:07 AM EST| By Kunal SawhneyRiding high on the wave of attention for the role of one of its communities wallstreetbets that sent the US stock market into a frenzy, social media giant Reddit raised $250 million in series E funding on Monday. Founded in 2003, the compa.....
Three US Technology Stocks That Might Make Waves In 2021
February 04, 2021 01:18 AM PST| By Team Kalkine MediaSource: Viktoriia Hnatiuk, Shutterstock The S&P 500 index and tech-heavy NASDAQ index have managed to fare particularly well even during the challenging period of the coronavirus pandemic. However, many analysts believe that the high-perfor...
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BNPL stocks react after the UK proposed regulatory changes
February 03, 2021 08:55 PM PST| By Team Kalkine MediaThe unsecured credit market has been expanding with each passing year. The growing need for credit has risen for the diverse range of goods, demanded by consumers. The popularity of digital lending in the recent past has further expanded the credit.....
