Browsing: profits

Rivian lost $1.45 billion in the first quarter, showing that recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The electric…

Rivian lost $1.45 billion in the first quarter, showing that recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The electric…

Apple CEO Tim Cook didn’t say much about the company’s artificial intelligence plans on Thursday’s earnings call with investors, but he did confirm a few details…

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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…