Browsing: profits

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Tesla’s profit fell 55% to $1.13 billion in the first quarter from the same period last year as a prolonged strategy to lower EV prices and…

Bumble, a once powerful force in online dating, is facing a reckoning. The company posted weak Q4 2023 results today, showing a net loss of $32…

Rivian is laying off 10% of its salaried workforce in an effort to cut costs in an increasingly difficult electric vehicle market, putting even more pressure…

Lucid Motors designs to build just 9,000 electric vehicles in 2024, just 500 to 1,000 more than it built in 2023, as it struggles with demand…

After revealing the better than expected financial results in its fourth quarter earnings report, US-based Coinbase has big plans. The second-largest crypto exchange told investors it…

Late last year, Spotify began offering 15 hours of monthly audiobook listening to Premium subscribers in select markets, including the US. Now the company says the…

Snap isn’t having a good quarter. Following news this week that the company was laying off 10% of its workforce, amounting to hundreds of employees, the…

It was alone just over a year ago that McKinsey described Africa’s fintech landscape as a “hotbed for investment”. Fast forward to today, and startups on…

Google CEO Sudar Pichai said the company’s cloud storage service Google One is set to “surpass” 100 million subscribers. Speaking during Alphabet’s Q4 2023 earnings call,…