Tech Stocks Market Archives

Reddit’s IPO Journey: A Community and Market Perspective

Leave a Comment / Stock News / By Eleanor

Quick Look Reddit plans its NYSE debut with unique considerations for its community moderators. Scepticism and excitement mix as Reddit’s financial health and market conditions are scrutinized. The IPO reflects broader tech industry trends, setting a precedent for user involvement. Reddit’s impending public offering (IPO) stands as a significant milestone for the 19-year-old social media …

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Amazon Plans to Cut Waste, Launching Two New Programs

Leave a Comment / Technology News / By Penny Collins

An e-commerce giant, Amazon, has unveiled its plans to cut waste. The firm launched two programs to give products a second life when they are returned to companies that sell items on Amazon’s platform or fail to get sold. The company announced that the so-called Fulfilment by Amazon programs would help build a circular economy. …

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Huawei “Aims to Survive” as Revenue Declines by 29%

Leave a Comment / Technology News / By Penny Collins

According to the chairman of Huawei, the Chinese technology company “aims to survive”. Remarkably, the tech company’s revenue declined by nearly 30% in the first half of 2021. Huawei announced on Friday that it made 320.4 billion yuan in revenue in the first half of the year. Notably, it is a significant decline from the …

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Uber’s Delivery Revenue Outperforms its Core Business in Q2

1 Comment / Technology News / By Penny Collins

A ride-hailing giant, Uber beat estimates on the top and bottom line. It turned an unexpected one-time profit during the Q2 of 2021. Shares of Uber declined by more than 4% in after-hours trading. Analysts surveyed by Refinitiv expected a loss of 51 cents in earnings per share, while the firm posted earnings per share …

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Tencent Falls Amid Fear China Will Crack Down On Gaming

Leave a Comment / Technology News / By Penny Collins

According to the latest news, Tencent Holdings fell 11% Tuesday. This came after China branded the spiritual opium and electronic drugs of games. It stoking fears China will next set its sights on online entertainment. Tencent joined its competitors NetEase and XD in an abrupt sell-off in early Hong Kong trading. This came after the …

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Google Reruns Crypto Ads Under its New Policy

Leave a Comment / Cryptocurrency news / By Penny Collins

Google released a new policy that went into effect this August. After that, the company allowed advertisers to offer cryptocurrency exchange and wallet services. Google is rerunning crypto ads after its updated financial products and services policy was fully effected this August. In June 2018, Google decided to ban Initial Coin Offering and crypto-related advertisements. …

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Chinese e-commerce giant JD.com has gaming goals

Leave a Comment / Technology News / By Benjamin Chadwick

According to the latest news, at China Joy, Chinese giant JD.com developed a booth featuring the giant version of its dog mascot Joy, where gamers gathered to compete against one another. Remarkably, China Joy is one of Asia’s greatest gaming conferences held in Shanghai. Remarkably, the display underscores its ambition in the gaming space. However, …

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Facebook Surpassed Earnings Estimates but Fell 5%. Why?

Leave a Comment / Technology News / By Penny Collins

The shares of the tech giant, Facebook, fell 5% after the firm called for revenue growth to slow in the quarters ahead. However, the social media company reported second-quarter reports, which came in ahead of estimates. Facebook reported earnings of $3.61 per share, adjusted, while analysts anticipated $3.03 per share. The revenue of Facebook in …

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