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

cnbc.com Jonathan Vanian 2025-12-19 04:45:51

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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Coinbase shares tumble as second-quarter revenue disappoints

cnbc.com Tanaya Macheel 2025-12-19 04:50:52

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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GitHub Copilot crosses 20M all-time users

techcrunch.com Maxwell Zeff 2025-12-19 05:16:55

GitHub Copilot, an AI coding tool offered by Microsoft-owned GitHub, has now reached more than 20 million users, Microsoft CEO Satya Nadella said on the company’s earnings call Wednesday. A GitHub spokesperson confirmed to TechCrunch that this number represents “all-time users.” That means 5 million people have tried out GitHub Copilot for the first time in the last three months — the company reported in April the tool had reached 15 million users. Microsoft and GitHub don’t report how many of

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Weirdly Hot Rocks in New England Traced to 80-Million-Year-Old Greenland Rift

gizmodo.com Margherita Bassi 2025-12-20 14:40:31

Roughly 124 miles (200 kilometers) beneath the Appalachian Mountains in New England lies the aptly named Northern Appalachian Anomaly (NAA), a mysterious 218-mile-wide (350-km) region of unusually hot rock. Researchers have long believed that the NAA resulted from the plate tectonic movement that broke North America off northwest Africa 180 million years ago. In a new study published Tuesday in the journal Geology, however, a team of international researchers argue that the hot, subsurface rock

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Robinhood reports second-quarter earnings beat with revenue climbing 45%

cnbc.com Mackenzie Sigalos 2025-12-21 04:50:42

Robinhood beat Wall Street expectations for the second quarter Wednesday, extending a hot streak that has made it the best-performing large-cap U.S. tech stock this year. Here is how Robinhood's results compared to Wall Street estimates, according to analysts surveyed by LSEG: Earnings per share: 42 cents vs. 31 cents expected 42 cents vs. 31 cents expected Revenue: $989 million vs. $908 million expected Revenue jumped 45% year-over-year to $989 million, while net income more than doubled to

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Figma prices IPO at $33, above expected range

cnbc.com Jordan Novet 2025-12-21 02:04:49

Dylan Field, co-founder and CEO of Figma, appears at the Bloomberg Technology Summit in San Francisco on May 9, 2024. Figma, the developer of design software that was supposed to get acquired by Adobe, priced its IPO on Wednesday at $33 per share, above its expected range. The company's stock will debut on the New York Stock Exchange under the ticker symbol "FIG" on Thursday. The offering raised $1.2 billion, with most of the proceeds going to existing stockholders. Figma is aiming to take ad

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Kleiner Perkins-backed Ambiq pops on IPO debut

techcrunch.com Marina Temkin 2025-12-21 05:00:24

Ambiq Micro, a 15-year-old manufacturer of energy-efficient chips for wearable and medical devices, closed its first day of trading on Wednesday at $38.53 a share, a 61% increase from the $24 IPO price the company set the previous day. The success of the IPO signals strong investor demand in the public market for new small-cap companies benefiting from AI innovation. Ambiq closed its first day as a public company with a valuation of $656 million (excluding employee options). This represents a

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GitHub Copilot crosses 20 million all-time users

techcrunch.com Maxwell Zeff 2025-12-21 05:16:55

GitHub Copilot, an AI coding tool offered by Microsoft-owned GitHub, has now reached more than 20 million users, Microsoft CEO Satya Nadella said on the company’s earnings call Wednesday. A GitHub spokesperson confirmed to TechCrunch that this number represents “all-time users.” That means five million people have tried out GitHub Copilot for the first time in the last three months; the company reported in April the tool had reached 15 million users. Microsoft and GitHub don’t report how many o

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Robinhood reports second-quarter earnings beat with revenue climbing 45% over last year

cnbc.com Mackenzie Sigalos 2025-12-21 23:34:15

The logo of Robinhood Markets is seen at a pop-up event on Wall Street after the company's initial public offering in New York City on July 29, 2021. Robinhood beat Wall Street expectations for the second quarter Wednesday. Here is how Robinhood's results compared to Wall Street estimates, according to analysts surveyed by LSEG: Earnings per share: 42 cents vs. 31 cents expected 42 cents vs. 31 cents expected Revenue: $989 million vs. $908 million expected Revenue jumped 45% year-over-year

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Ramp hits $22.5B valuation just 45 days after reaching $16B

techcrunch.com Julie Bort 2025-12-22 18:19:02

In Brief Eric Glyman, co-founder and CEO of expense management startup Ramp, announced on Wednesday a fresh $500 million raise at a whopping $22.5 billion post-money valuation. This new round, led by Iconiq Growth with participation from Founders Fund and D1 Capital Partners, comes just 45 days after Ramp’s last round. In June, Ramp raised $200 million at a $16 billion valuation, and that was a leap over the $13 billion valuation Ramp announced in March. In his blog post, Glyman laid out his

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Apple set to acquire yet another campus in the Bay Area

9to5mac.com Marcus Mendes 2025-12-23 09:13:29

Apple’s real estate spree in Silicon Valley continues, as the company is reportedly in contract to make its third major Bay Area acquisition this year alone. Here are the details. $882 million in a little more than a month Citing sources familiar with the deal, the San Francisco Chronicle says that Apple has agreed to purchase the four-building Mathilda Campus at 505–599 North Mathilda Avenue and 605 West Maude Avenue for $365 million. As with the other two recent acquisitions, Apple already

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The New York Times and Amazon's AI licensing deal is reportedly worth up to $25 million per year

engadget.com Unknown 2025-12-23 09:55:23

Amazon's AI licensing deal with The New York Times is worth $20 million to $25 million per year, according to The Wall Street Journal . The two companies did not disclose the fiscal terms of the agreement back when it was announced in May . The Journal's reporting provides a rare insight into the value of a media company licensing its content for AI training. In the case of The Times, Amazon's annual payments to the publisher would amount to nearly one percent of its total revenue in 2024. In r

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Spotify drops 11% for worst day in two years on weak guidance

cnbc.com Samantha Subin 2025-12-24 18:52:09

The company expects revenues to reach 4.2 billion euros, compared to a 4.47 billion euro estimate from StreetAccount. Spotify said the forecast accounts for a 490-basis-point headwind due to foreign exchange rates. Spotify said higher personnel, marketing and professional services costs and 115 million euros worth of what it called social charges contributed to the results. The Swedish platform's revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a net l

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Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 10% on weak guidance

cnbc.com Samantha Subin 2025-12-25 04:05:24

The company expects revenues to reach 4.2 billion euros, compared to a 4.47 billion euro estimate from StreetAccount. Spotify said the forecast accounts for a 490-basis-point headwind due to foreign exchange rates. Spotify said that higher personnel, marketing and professional services costs and 115 million euros worth of what it called social charges contributed to the results. The Swedish platform's revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a

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Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 9% on weak guidance

cnbc.com Samantha Subin 2025-12-25 23:54:42

The company expects revenues to reach 4.2 billion euros, compared to a 4.47 billion euro estimate from StreetAccount. Spotify said the forecast accounts for a 490-basis-point headwind due to foreign exchange rates. Spotify said that higher personnel, marketing and professional services costs and 115 million euros worth of what it called social charges contributed to the results. The Swedish platform's revenues rose 10% from about 3.81 billion euros in the year-ago period. The company posted a

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Spotify hits 696M users, but returned to making a loss

9to5mac.com Ben Lovejoy 2025-12-26 09:11:44

Spotify has posted its latest earnings report, stating that both paid and free users were up more than 10% year-on-year, but the company returned to making a loss … Spotify announced solid growth in both subscribers and revenue: Subscribers climbed 12% Y/Y to 276 million. climbed 12% Y/Y to 276 million. Monthly Active Users grew 11% Y/Y to 696 million. grew 11% Y/Y to 696 million. Total Revenue increased 10% Y/Y to €4.2 billion. increased 10% Y/Y to €4.2 billion. Gross Margin improved by 22

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Samsung backs South Korean AI chip startup Rebellions ahead of IPO

cnbc.com Arjun Kharpal 2025-12-26 17:36:09

The Rebel-Quad is the second-generation product from Rebellions and is made up of four Rebel AI chips. Rebellions, a South Korean firm, is looking to rival companies like Nvidia in AI chips. South Korean artificial intelligence chip startup Rebellions has raised money from tech giant Samsung and is targeting a funding round of up to $200 million ahead of a public listing, the company's management told CNBC on Tuesday. Last year, Rebellions merged with another startup in South Korea called Sape

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Waymo plans to bring its robotaxi service to Dallas in 2026

cnbc.com Lora Kolodny 2025-12-26 18:25:44

A Waymo rider-only robotaxi is seen during a test ride in San Francisco, California, U.S., December 9, 2022. Alphabet's Waymo unit plans on bringing its robotaxi service to Dallas next year, adding to a growing list of prospective U.S. markets for 2026, including Miami and Washington, D.C. Rental car company Avis Budget Group will be managing the Waymo fleet in Dallas, via a new partnership the companies announced Monday. Avis CEO Brian Choi said in a statement that the agreement marks a "mil

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The first company to complete a fully successful lunar landing is going public

arstechnica.com Unknown 2025-12-27 04:52:57

Firefly Aerospace seeks to raise more than $600 million through a public stock offering, an arrangement that would boost the company's market valuation to near $5.5 billion, according to a document filed with the SEC on Monday. The launch of Firefly's Initial Public Offering (IPO) comes as the company works to build on a historic success in March, when Firefly's Blue Ghost lander touched down on the surface of the Moon. Firefly plans to sell 16.2 million shares of common stock, at a price of be

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Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion

cnbc.com Samantha Subin 2025-12-27 23:06:25

Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025. Firefly Aerospace will price shares at $35 to $39 each in its upcoming initial public offering, a deal that would value the rocket maker at about $5.5 billion. The Texas-based space company said in an updated prospectus Monday that it's planning to sell about 16.2 million shares. The offering could raise up to $631.8 million. Earlier this month, Firefly

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‘Fantastic Four’ Steps Toward a Solid Box Office Start

gizmodo.com Justin Carter 2025-12-28 18:33:11

Fantastic Four: First Steps came to a theater near you this weekend, and its opening numbers are looking good. Per the Hollywood Reporter, Marvel’s latest earned $218 million worldwide in its first three days. While it’s slightly behind expectations and the similarly solid $220 million global opening of Superman two weeks prior, this is already more than the 2015 Fantastic movie made in its theatrical run. Of its current take, $118 million came from domestic audiences, where it outperformed ini

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Apple’s F1 movie crosses $500 million at global box office

9to5mac.com Benjamin Mayo 2025-12-29 06:53:23

The F1 movie continues its hot streak at cinemas, with the film still widely resonating with audience a month after its theatrical premiere. The Apple Original Film has now crossed the $500 million mark at the global box office, with the running total now standing around $509 million. F1: The Movie will eventually land on Apple TV+, likely in October. But Apple and distributor Warner Bros. have little incentive to hurry along the secondary release windows if the cinema takings remain as strong

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Meta announces its Superintelligence Labs Chief Scientist: former OpenAI GPT-4 co-creator Shengjia Zhao

venturebeat.com Carl Franzen 2025-12-29 04:58:24

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now Meta has appointed Shengjia Zhao, a former OpenAI researcher and co‑creator of GPT‑4, as the Chief Scientist of its newly created Meta Superintelligence Labs (MSL). The announcement was made Friday by Mark Zuckerberg on Threads, noting Zhao will lead the lab’s scientific agenda alongside him and Alexandr Wang, the former CEO of Scale AI wh

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India bans streaming apps you’ve never heard of — but millions watch

techcrunch.com Jagmeet Singh 2025-12-29 14:02:42

India has ordered the blocking of 25 streaming services — many with millions of viewers and even paying subscribers — for allegedly promoting “obscene” content, in one of the South Asian nation’s biggest digital crackdowns yet. The order affects lesser-known, but wildly popular services like Ullu and ALTT that cater to the country’s mass-market appetite for adult and edgy entertainment. This week, the Ministry of Information and Broadcasting issued directives to block access to websites and app

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Court Rules Mike Lindell Doesn’t Have to Pay $5 Million in Hacked Voting Machine Bet

gizmodo.com Aj Dellinger 2026-01-01 06:35:21

Mike Lindell, the founder and CEO of MyPillow, could be considered a loser in many ways, but not in a way that will cost him $5 million. The New York Times reports that a federal appeals court ruled on Wednesday that Lindell will not have to pay out the prize money for his “Prove Mike Wrong” challenge, which offered up a $5 million reward to anyone who could sufficiently debunk his baseless claim that the 2020 election was stolen from Donald Trump. Lindell offered up the prize money in 2021 dur

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Tesla’s Nightmare Continues as Musk Warns of ‘Rough Quarters’ Ahead

gizmodo.com Luc Olinga 2026-01-03 15:14:11

Tesla’s second-quarter earnings paint a grim picture: falling profits, slumping sales, and a reputation hit that keeps on hurting. The all-electric carmaker reported net income of $1.17 billion, down 16.3% from the same period in 2024. Revenue fell 12% to $22.5 billion from $25.5 billion a year earlier, marking Tesla’s second consecutive quarter of declining profits and revenue this year. The cause is clear: Tesla is selling fewer cars and cutting prices to chase demand. Deliveries fell 13.5%

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Estonia's tech elite are getting behind a European challenger to Robinhood

cnbc.com Ryan Browne 2026-01-03 18:13:19

Some of the biggest names of Estonia's tech scene are backing Lightyear, a startup looking to become Europe's answer to commission-free trading pioneer Robinhood . Based in London, Lightyear develops an app that lets users invest in a range of over 5,000 stocks, exchange-traded funds and money market funds. It was founded by two former Wise employees, Martin Sokk and Mihkel Aamer, in 2021. The company is set to announce later on Thursday that it has raised $23 million in a new round of funding

Topics: estonia europe investors lightyear million

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Tesla’s Nightmare Continues As Musk Warns of “Rough Quarters”Ahead

gizmodo.com Luc Olinga 2026-01-03 21:14:11

Tesla’s second-quarter earnings paint a grim picture: falling profits, slumping sales, and a reputation hit that keeps on hurting. The all-electric carmaker reported net income of $1.17 billion, down 16.3% from the same period in 2024. Revenue fell 12% to $22.5 billion from $25.5 billion a year earlier, marking Tesla’s second consecutive quarter of declining profits and revenue this year. The cause is clear: Tesla is selling fewer cars and cutting prices to chase demand. Deliveries fell 13.5%

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A troubled SPAC plans to buy iRocket for $400M but it already returned most of its cash

techcrunch.com Aria Alamalhodaei 2026-01-04 04:03:33

An unproven small launch startup is partnering with a severely depleted SPAC trust to do the impossible: go public in a deal they say will be valued at $400 million. Innovative Rocket Technologies Inc. (iRocket) and BPGC Acquisition Corp., a special purpose vehicle company founded by former Commerce Secretary Wilbur Ross, is aiming to close the transaction in the fourth quarter of this year. Interestingly, the SPAC has been depleted of most of its cash after it raised $345 million in its IPO i

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Google’s AI Overviews have 2B monthly users, AI Mode 100M in the US and India

techcrunch.com Sarah Perez 2026-01-04 09:14:50

Alphabet and Google CEO Sundar Pichai shared an update on the adoption of consumer-facing AI apps and features, including Google Search’s AI Overviews, Gemini, and AI Mode. On the company’s Q2 2025 call with investors, Pichai shared that AI Overviews — a Google Search feature offering an AI summary of search results available in 200 countries and territories — now has 2 billion monthly users, up from 1.5 billion in May 2025. In addition, Google’s Gemini app has grown to 450 million monthly acti

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Latest Tech News

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

Coinbase shares tumble as second-quarter revenue disappoints

GitHub Copilot crosses 20M all-time users

Weirdly Hot Rocks in New England Traced to 80-Million-Year-Old Greenland Rift

Robinhood reports second-quarter earnings beat with revenue climbing 45%

Figma prices IPO at $33, above expected range

Kleiner Perkins-backed Ambiq pops on IPO debut

GitHub Copilot crosses 20 million all-time users

Robinhood reports second-quarter earnings beat with revenue climbing 45% over last year

Ramp hits $22.5B valuation just 45 days after reaching $16B

Apple set to acquire yet another campus in the Bay Area

The New York Times and Amazon's AI licensing deal is reportedly worth up to $25 million per year

Spotify drops 11% for worst day in two years on weak guidance

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 10% on weak guidance

Spotify CEO Ek says he's 'unhappy' with ads business as stock falls 9% on weak guidance

Spotify hits 696M users, but returned to making a loss

Samsung backs South Korean AI chip startup Rebellions ahead of IPO

Waymo plans to bring its robotaxi service to Dallas in 2026

The first company to complete a fully successful lunar landing is going public

Firefly Aerospace sets IPO range that would value rocket maker at $5.5 billion

‘Fantastic Four’ Steps Toward a Solid Box Office Start

Apple’s F1 movie crosses $500 million at global box office

Meta announces its Superintelligence Labs Chief Scientist: former OpenAI GPT-4 co-creator Shengjia Zhao

India bans streaming apps you’ve never heard of — but millions watch

Court Rules Mike Lindell Doesn’t Have to Pay $5 Million in Hacked Voting Machine Bet

Tesla’s Nightmare Continues as Musk Warns of ‘Rough Quarters’ Ahead

Estonia's tech elite are getting behind a European challenger to Robinhood

Tesla’s Nightmare Continues As Musk Warns of “Rough Quarters”Ahead

A troubled SPAC plans to buy iRocket for $400M but it already returned most of its cash

Google’s AI Overviews have 2B monthly users, AI Mode 100M in the US and India

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