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Crypto wobbles into August as Trump's new tariffs trigger risk-off sentiment

cnbc.com Tanaya Macheel 2025-12-16 10:51:33

A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025. Crypto-linked stocks suffered deeper losses. Coinbase led the way, down 15% following its disappointing second-quarter earnings report. Circle fell 4%, Galaxy Digital lost 2%, and ether treasury company Bitmine Immersion was down 8%. Bitcoin proxy MicroStrategy was down by 5%. The descent triggered a wave of long liquidation

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Nintendo has sold over 6 million Switch 2s but still can't keep up with demand

engadget.com Unknown 2025-12-16 10:24:09

Engadget has been testing and reviewing consumer tech since 2004. Our stories may include affiliate links; if you buy something through a link, we may earn a commission. Read more about how we evaluate products . Nintendo sold 5.82 million Switch 2s in less than four weeks and is on pace to hit its target of 15 million units by April 2026, the company said in its latest earnings report. If that pans out, the Switch 2 would easily outsell the original Switch, which took a full year to hit that s

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Apple's tariff costs and iPhone sales are soaring - how long until device prices are too?

zdnet.com Adrian Kingsley-Hughes 2025-12-16 20:37:40

Elyse Betters Picaro / ZDNET ZDNET's key takeaways Tariffs cost Apple approximately $800 million last quarter. That bill will go up to about $1.1 billion this quarter. Apple says 1 in 10 iPhone sales in April were due to tariff fears. Apple earnings calls usually have a theme, and there's usually a word associated with that theme that ends up being repeated many times throughout the call. During yesterday's call, the theme and repeated word was "tariffs." iPhone sales were up Because of

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OpenAI raises $8.3B at $300B valuation

news.ycombinator.com Andrew Ross Sorkin 2025-12-16 20:22:39

Andrew here. It’s a huge morning of news: We have an exclusive on OpenAI’s latest fund-raising round, with some new boldfaced investor names and one big check; we sort through the latest tariff news and what comes next; we also dive into Figma’s I.P.O. for the ages, and more. And stay tuned for the jobs numbers, which come out shortly. OpenAI’s latest mega-round While Wall Street has been focused on how tech giants are spending on artificial intelligence, the most prominent name in the field,

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Klarna might reschedule its IPO for September

techcrunch.com Dominic-Madori Davis 2025-12-16 18:00:00

In Brief Klarna might look to IPO as early as September, sources told Bloomberg. The news comes as fintech stock prices surge and the US IPO market strengthens. Klarna filed for IPO back in March but paused such plans only a month later after President Trump’s tariff announcements rattled the market. At the time, Klarna was looking to raise at least $1 billion and nab a $15 billion valuation. By June, however, Klarna’s co-founder and CEO, Sebastian Siemiatkowski, took a different turn. When as

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OpenAI reportedly raises $8.3B at $300B valuation

techcrunch.com Rebecca Bellan 2025-12-16 20:09:14

ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year. The oversubscribed round came months ahead of schedule, per the NYT. OpenAI initially raised $2.5 billion from VC firms in March when it announced its intention to raise $40 billion in a round spearheaded by Softbank. The AI giant had planned to take on an additional $7.5 billion by the end of the year, but beat itse

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Apple ships 3 billionth iPhone as quarterly revenue jumps 10% – its biggest growth since 2021

techspot.com Rob Thubron 2025-12-17 00:22:00

What just happened? Apple has sold a lot of iPhones since the first model launched in 2007. As we approach the 20-year anniversary, Cupertino's handsets have hit a milestone: 3 billion units have now been shipped. It was an excellent quarter overall for Apple, partly spurred by people panic-buying its products over fears that the Trump tariffs would drastically increase their prices. With fears of falling behind rivals in the AI race, struggling in its once-dominant China market, and facing pre

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Amazon stock sinks 7% after earnings: Here are the key takeaways

cnbc.com Annie Palmer 2025-12-17 00:42:33

In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNT Amazon CEO Andy Jassy looks on during an Amazon Devices launch event in New York City, U.S., February 26, 2025. REUTERS/Brendan McDermid Brendan Mcdermid | Reuters Amazon on Thursday reported second-quarter earnings that beat expectations on most metrics, but the results weren't good enough to please Wall Street. Amazon stock slid following the release and throughout the conference call. Shares were down about 7% Friday. Prof

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VC industry has become a better career for women over the past 7 years

techcrunch.com Dominic-Madori Davis 2025-12-17 00:00:00

In Brief Women are making strides in the venture capital world, according to a new report published by the nonprofit All Raise and as first reported by the Wall Street Journal. All Raise released a report that said 18.6% of the top roles at leading VC firms are held by women, which is double what it was in 2018. The survey also found that many women (a quarter of survey respondents) were promoted last year and that investors were still interested in backing underrepresented founders (75% of in

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Vast Data in talks with Alphabet’s CapitalG, Nvidia to fund round at up to $30B valuation

techcrunch.com Rebecca Bellan 2025-12-17 00:21:26

In Brief AI storage platform Vast Data is in talks with Alphabet’s venture arm CapitalG and existing backer Nvidia to raise a fresh round that could value the startup at up to $30 billion, Reuters reported, citing two sources. TechCrunch reported last month that Vast Data was working to raise funds at a $25 billion valuation. The round could close in the next few weeks, per Reuters, which would make New York-based Vast Data — last valued at $9.1 billion in 2023 — one of the most valuable tech

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Nintendo sold 5.82 million Switch 2s in 7 weeks but still can't keep up with demand

engadget.com Unknown 2025-12-17 05:00:11

Engadget has been testing and reviewing consumer tech since 2004. Our stories may include affiliate links; if you buy something through a link, we may earn a commission. Read more about how we evaluate products . Nintendo has already sold 5.82 million Switch 2s since the console went on sale on June 6th and still expects to sell 15 million units by the end of its fiscal year in March 2026, the company said in its latest earnings report. If that pans out, the Switch 2 would easily outsell the or

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Apple has sold 3 billion iPhones but Android is still king of the world

androidauthority.com Unknown 2025-12-17 12:40:20

Aamir Siddiqui / Android Authority TL;DR Apple recently announced it has sold over 3 billion iPhone units since its introduction in 2007. The iPhone contributed to almost $44 billion in sales for the April–June quarter of 2025. Apple took just four years to reach this milestone since completing sales of 2 billion units back in 2021. The iPhone is more than a mere smartphone. While we at Android Authority focus mainly on Android (it’s in the name!), many of the contributors and staff members

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Nintendo’s Switch 2 doubles first-month sales of the original

theverge.com Jess Weatherbed 2025-12-17 14:20:39

Posts from this author will be added to your daily email digest and your homepage feed. Nintendo’s financial year is off to a bumper start thanks to explosive sales of its Switch 2 console. Following its launch in June, the Switch 2 console has now sold 5.82 million units according to Nintendo’s Q1 earnings report, more than double the 2.7 million unit sales achieved by the original Switch in its first month. “Currently, demand for Nintendo Switch 2 is exceeding supply in many countries, and w

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Apple has now shipped 3 billion iPhones

engadget.com Unknown 2025-12-17 18:08:51

Apple has shipped its three billionth iPhone, Tim Cook has revealed during a call for the company's third quarter earnings. The company released the first iPhone in 2007 and sold its billionth iPhone in 2016. It is believed to have shipped its two billionth sometime in 2021, and now only four years later, it has reached the new milestone. Apple's CEO said the iPhone enjoyed a double digit growth in the third quarter and that the company earned $94 billion in revenue, up 10 percent year over year

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Facing questions on AI strategy, Tim Cook says Apple is 'very open' to acquisitions

cnbc.com Kif Leswing 2025-12-17 20:36:37

Tim Cook arrives for the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, on July 8, 2025. Apple's AI strategy and investment was on the mind of analysts on an earnings call after the company reported third-quarter earnings that showed overall revenue grew by 10% year over year. While Apple was never going to announce major acquisitions or initiatives on an earnings call, CEO Tim Cook's remarks on Thursday confirm that the company i

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Reddit shares jump as much as 20% on second-quarter sales and guidance beat

cnbc.com Jonathan Vanian 2025-12-18 00:34:51

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Reddit shares jumped as much as 20% after the company reported second-quarter earnings on Thursday that beat on sales and guidance. Here's how the company did compared with LSEG estimates: Earnings per share: 45 cents vs. 19 cents expected 45 cents vs. 19 cents expected Revenue: $500 million vs. $426 million expected Reddit's revenue grew 78% year-over-year in the second qu

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Figma's top VCs are sitting on $24 billion worth of stock after massive IPO pop

cnbc.com Ari Levy 2025-12-18 00:48:28

Figma Inc. signage during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 31, 2025. You can almost smell the bubbly wafting across Silicon Valley. Following Figma's blockbuster market debut on Thursday, four of the most iconic names in venture capital — Index Ventures, Greylock, Kleiner Perkins and Sequoia — are collectively sitting on roughly $24 billion worth of the design software vendor's stock. Until recently, there's b

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Apple shipped its 3 billionth iPhone

theverge.com Allison Johnson 2025-12-18 00:35:40

is a reviewer with over a decade of experience writing about consumer tech. She has a special interest in mobile photography and telecom. Previously, she worked at DPReview. Apple has been the target of a fair amount of criticism over the past year, from its AI missteps to a strong distaste for its new design ethos. But the numbers don’t lie, and if Apple knows how to do anything it’s sell iPhones. Specifically, three billion of them, as CEO Tim Cook announced on the company’s earnings call tod

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Figma’s stock soared in its highly anticipated IPO, market cap instantly hit $45B

techcrunch.com Julie Bort 2025-12-17 20:15:35

Figma began trading on the New York Stock Exchange on Thursday after a long delay. It soared so quickly that trading was halted for a short time due to market volatility. Within a minute of trading, its market cap hit $45 billion but the price spent the day bouncing between $101 and as high as $124. It closed at $115.50 and a $47 billion market cap, Yahoo Finance reports. The company and existing investors sold shares at the IPO price of $33 per share. Quite the pop. And after-market trading i

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Reddit revenue soars as it bets on AI and advertising

techcrunch.com Lauren Forristal 2025-12-18 00:13:23

Reddit reported its second-quarter earnings on Thursday, and it’s clear that the company’s focus on AI has ramped up considerably. One significant area of investment is growing its advertising business, supported by its AI-powered marketing tools. The results revealed that the majority of Reddit’s revenue continues to come from ads, which brought in $465 million, representing 93% of the company’s total revenue. Last month, Reddit launched two new features for advertisers: Reddit Insights, a to

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Tim Cook: Apple just sold its three-billionth iPhone

9to5mac.com Chance Miller 2025-12-18 05:32:12

Apple reported its fiscal Q3 2025 earnings today, beating analyst expectations in key categories like revenue, earnings per share, iPhone revenue, and more. During a call with analysts today, Apple CEO Tim Cook revealed that Apple has just crossed another major milestone: shipping its three-billionth iPhone since its launch in 2007. For those keeping track at home, Apple shipped its one-billionth iPhone back in July 2016, nine years after the release of the first iPhone. At the time, Cook tout

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Apple says tariffs added $800M in costs last quarter, expects over $1B hit in Q4

9to5mac.com Marcus Mendes 2025-12-18 05:34:54

As part of the ongoing Q3 2025 earnings call, Apple CEO Tim Cook gave an update on how the U.S. tariff war is affecting the company’s business, and detailed what to expect during the next fiscal quarter if nothing changes. On the conference call, Cook said: “For the June quarter, we incurred approximately $800 million of tariff-related costs. For the September quarter, assuming the current global tariff rates, policies, and applications the balance of the quarter, and no new tariffs are adde

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Reddit wants to be a search engine now

theverge.com Jay Peters 2025-12-18 05:01:14

is a news editor covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Reddit knows that it has valuable data from actual people — it’s already reached deals with big AI companies like OpenAI and Google to share its data with them. But Reddit is also investing in improving its own search capabilities, and in its latest note to investors, CEO Steve Huffman says that the company is “concentrating our resources on the areas that will drive results f

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Apple has now sold 3 billion iPhones

techcrunch.com Amanda Silberling 2025-12-18 05:35:04

Apple has sold 3 billion iPhones since the product was launched in 2007, Apple CEO Tim Cook said Thursday during the company’s third-quarter earnings call. It took Apple nine years to sell the billionth iPhone, a milestone the company reached in 2016. This implies that Apple sold 2 billion between 2016 and now — also a nine-year period — marking the product’s growing popularity. While Apple celebrates 3 billion iPhones sold, the company has struggled a bit in the stock market this year, as the

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Roblox stock soars 10% after revenue beat, strong user growth

cnbc.com Chris Eudaily 2025-12-18 10:01:33

Roblox stock soared 10% on Thursday after the company reported second-quarter revenue that beat expectations amid strong user growth. The gaming platform saw $1.44 billion in net bookings, up 51% over the year prior. Analysts polled by LSEG expected $1.24 billion in net bookings for the quarter. User and engagement numbers were also strong for the company, with daily active users at 111.8 million, up 41% year over year, and hours engaged at 27.4 billion, up 58%. StreetAccount expected 106 mil

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Amazon's gloomy earnings forecast overshadows better-than-expected results

cnbc.com Annie Palmer 2025-12-18 10:57:49

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. Amazon shares slid more than 3% in extended trading on Thursday after the company reported second-quarter results that exceeded expectations, but it gave light operating income guidance for the current period. Here's how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $1.68 vs. $1.33 estimated $1.68 vs. $1.33 estimated Revenue: $167.7 billion vs. $162.09 billion esti

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Apple reports biggest revenue growth since December 2021

cnbc.com Kif Leswing 2025-12-18 10:51:45

Apple CEO Tim Cook attends the world premiere of "F1" at Times Square in New York on June 16, 2025. Apple reported third-quarter earnings on Thursday that topped Wall Street expectations for profit and revenue. iPhone sales grew 13% year-over-year and overall revenue grew 10% — Apple's largest quarterly revenue growth since December 2021. Apple shares were up about 3% in after-hours trading on Thursday. Here's how Apple did versus consensus estimates for the quarter ending June 28: Earnings

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Reddit shares jump 20% on second-quarter sales and guidance beat

cnbc.com Jonathan Vanian 2025-12-18 10:45:51

Reddit CEO Steve Huffman hugs mascot Snoo as Reddit begins trading on the New York Stock Exchange on March 21, 2024. Reddit shares jumped as much as 20% after the company reported second-quarter earnings on Thursday that beat on sales and guidance. Here's how the company did compared with LSEG estimates: Earnings per share: 45 cents vs. 19 cents expected 45 cents vs. 19 cents expected Revenue: $500 million vs. $426 million expected Reddit's sales grew 78% year-over-year in the second quar

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Amazon's cloud business records 18% growth in second quarter

cnbc.com Jordan Novet 2025-12-18 10:14:46

Amazon Web Services CEO Matt Garman speaks at the AWS re:Invent conference in Las Vegas on Dec. 4, 2024. Amazon's cloud group grew recorded revenue growth of 18% in the second quarter, slightly ahead of analysts' estimates. Amazon Web Services continues to lead the cloud infrastructure market, but is facing intensifying pressure from Microsoft and Google , as all three companies ramp up investments in artificial intelligence to take advantage of booming demand. Microsoft and Google reported b

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Coinbase shares tumble as second-quarter revenue disappoints

cnbc.com Tanaya Macheel 2025-12-18 10:50:52

Coinbase shares fell Thursday as second-quarter revenue fell shy of analysts' estimates. Gains in the cryptocurrency exchange's subscription revenue failed to offset weaker trading volumes. In the quarter ended June 30, Coinbase net income rose to $1.43 billion, or $5.14 per share, from $36.13 million, or 14 cents per share, a year ago. Earnings in the latest period benefited from a gain $1.5 billion related its Circle investment and $362 million from its crypto investment portfolio. On an adj

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Latest Tech News

Crypto wobbles into August as Trump's new tariffs trigger risk-off sentiment

Nintendo has sold over 6 million Switch 2s but still can't keep up with demand

Apple's tariff costs and iPhone sales are soaring - how long until device prices are too?

OpenAI raises $8.3B at $300B valuation

Klarna might reschedule its IPO for September

OpenAI reportedly raises $8.3B at $300B valuation

Apple ships 3 billionth iPhone as quarterly revenue jumps 10% – its biggest growth since 2021

Amazon stock sinks 7% after earnings: Here are the key takeaways

VC industry has become a better career for women over the past 7 years

Vast Data in talks with Alphabet’s CapitalG, Nvidia to fund round at up to $30B valuation

Nintendo sold 5.82 million Switch 2s in 7 weeks but still can't keep up with demand

Apple has sold 3 billion iPhones but Android is still king of the world

Nintendo’s Switch 2 doubles first-month sales of the original

Apple has now shipped 3 billion iPhones

Facing questions on AI strategy, Tim Cook says Apple is 'very open' to acquisitions

Reddit shares jump as much as 20% on second-quarter sales and guidance beat

Figma's top VCs are sitting on $24 billion worth of stock after massive IPO pop

Apple shipped its 3 billionth iPhone

Figma’s stock soared in its highly anticipated IPO, market cap instantly hit $45B

Reddit revenue soars as it bets on AI and advertising

Tim Cook: Apple just sold its three-billionth iPhone

Apple says tariffs added $800M in costs last quarter, expects over $1B hit in Q4

Reddit wants to be a search engine now

Apple has now sold 3 billion iPhones

Roblox stock soars 10% after revenue beat, strong user growth

Amazon's gloomy earnings forecast overshadows better-than-expected results

Apple reports biggest revenue growth since December 2021

Reddit shares jump 20% on second-quarter sales and guidance beat

Amazon's cloud business records 18% growth in second quarter

Coinbase shares tumble as second-quarter revenue disappoints

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