Salesforce plans to invest $15B in San Francisco over the next five years, including for an AI Incubator Hub and workforce programs; CRM is down 25%+ in 2025
Connor Hart / Wall Street Journal :
Instacart reports Q1 revenue up 9% YoY to $897M, gross transaction volume up 10% YoY to $9.1B, and forecasts Q2 adjusted EBITDA above est.; CART jumps 5%+
Dear Shareholders, We're off to a strong start in 2025 as we continue … Connor Hart / Wall Street Journal : Instacart Posts Higher Revenue on Increased Orders
StubHub files for an IPO, with plans to list on the NYSE, and reports a $2.8M loss on $1.77B in revenue in 2024, vs. a $405M profit on $1.37B in revenue in 2023
Secondary Ticketing Sales Up 29% in 2024 Bill Peters / MarketWatch : Referenced Symbols — Ticket-resale platform StubHub on Friday said it had filed … Los Angeles Times : Ticket platform StubHub fil...
HPE reports Q1 revenue up 16% YoY to $7.85B, vs. $7.82B est., Q2 and FY 2025 guidance below est., and plans to cut ~2,500 staff over 18 months; HPE drops 15%+
these factors are affecting its outlook Moneycontrol : HP to lay off 2500 employees to cut cost Tom Jowitt / Silicon UK : HPE To Axe 2,500 Employees, As Outlook Disappoints TechRadar : HPE set to cut ...
Letter: the US Treasury says China-backed hackers gained access to some Treasury workstations and unclassified docs; a vendor notified it of the hack on Dec. 8
FBI Investigation Underway, China Suspected Huileng Tan / Business Insider : The US Treasury says some computers were breached by China-backed hackers United States Department of the Treasury : Dear C...
Airbnb reports Q3 revenue up 10% YoY to $3.73B, vs. $3.72B est., net income down 68% YoY, and Nights and Experiences Booked up 8% YoY to 122.8M, vs. 121.4M est.
with these caveats Ian Lyall / Proactive : Airbnb stock falls after hours after Q3 print fails to excite Alex Bitter / Business Insider : The 4 most interesting things from Airbnb's earnings Dennis Sc...
Alibaba agrees to a $443.5M settlement in a US shareholder lawsuit alleging that Alibaba hurt investors by making misstatements about its exclusivity practices
Connor Hart / Wall Street Journal :