Earnings
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Trends
Samsung posts 55.6% drop in second-quarter profit as it copes with weak demand and a trade dispute
As it forecast earlier this month, Samsung reported a steep drop in its second-quarter earnings due to lower market demand…
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Uber Eats, micromobility services are growing faster than Uber’s core ride-hailing business
Uber’s ride-hailing business is growing more slowly than its newer bets. In Uber’s Q1 2019 earnings, the company reported gross…
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Trends
Uber lost another $1B last quarter
Uber posted losses of $1 billion on revenue of $3.1 billion for the first quarter of 2019 in what was…
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Trends
Drone company DJI loses $150 million to corruption
(Reuters) — China’s DJI, the world’s largest maker of consumer drones, has discovered several cases of serious corruption at the company…
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Finance
Interest rates and fears of a mounting trade war send tech stocks lower
Shares of technology companies were battered in today’s trading as fears of an increasing trade war between the U.S. and…
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Trends
Cryptocurrency chill causes mining speculator Nvidia’s stock to plunge
The cryptocurrency market is an exciting one, but it’s also unpredictable — and when things go south, they take related…
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STARTUPS
Airbnb made more than $1 billion in revenue last quarter
Ahead of Airbnb’s expected initial public offering next year, the home-sharing startup announced more than $1 billion in revenue during…
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Trends
China’s Craigslist continues growth after netting 100 million small-town users
58.com, the Craiglist of China, is making a massive push to pick up rural users as it hedges China’s economic uncertainties.…
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Trends
Nvidia’s stock falls 15% after earnings miss
Graphics and AI chip maker Nvidia saw its stock price fall 15 percent in after-hours trading after it reported third…
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