Meta closes down 26%, erasing ~$250B from its market cap, the biggest single-day loss in market value for a US company, after weak Q4 results and Q1 guidance
the second-biggest drop ever Steve Muchoki / Coinspeaker : FB Stock Dips Over 26% after Meta Forecasts Weaker than Expected Earnings Jody Serrano / Gizmodo : Snap Up, Zuck Down — Snap earned a profi...
A look at the fight between six rapid grocery delivery startups in NYC, which raised $5.5B+ since 2020; sources: some are averaging a loss of $20+ per order
Jokr, Getir and Buyk are piling on freebies to build up a customer base in New York City — Since Hayoung Park moved to Manhattan last year … Tweets: @lpolgreen , @fka_tabs , @preetika_rana , @bmorri...
Jokr, a rapid grocery delivery service in the US and Latin America, raises a $260M Series B at a $1.2B valuation, five months after raising a $170M Series A
Christine Hall / TechCrunch : Tweets: @brianmcc and @kevinroose Tweets: Brian McCullough / @brianmcc : I literally say on the show today, this space seems to be endless right now in terms of capacity...
Apple misses with Q4 revenue of $83.4B, up 29% YoY, vs $84.85B est., iPhone revenue of $38.87B, up 47% YoY, services revenue of $18.3B, up 25.6%; stock down 3%+
its fastest year of growth since 2012. Net income for the year: $94.7bn. @parikpatelcfa : Microsoft has just overtaken Apple to become the largest company in the world by market cap. This makes sense ...
Sources: Bird lost about $100M in the first quarter, with revenue shrinking to about $15M, and the company told people that it has about $100M in cash left
The wintertime was bleak for Bird. In this year's first quarter, the electric scooter operator lost nearly $100 million … Tweets: @alexeheath , @mdudas , @coryweinberg , @darth , @edzitron , and @kev...
Facebook Q1: revenue of $11.97B, up 49% YoY, vs. $11.41B est, net income of $4.99B, up 63% YoY; MAUs up 13% YoY to 2.20B, DAUs up 13% YoY to 1.45B; stock up 8%+
but viewership is already declining Kurt Wagner / Recode : Facebook says Europe's new data privacy rules won't hurt its business — too much John Battelle / NewCo Shift : Advertisers to Democracy: ¯\_(...
Critics say that startups' use of vague, unconventional, and non-GAAP financial terms inflate their valuations
boosting valuations as a result http://on.wsj.com/1FHVvfW Kevin Roose / @kevinroose : Fantastic WSJ story on bookings, “eyeballs,” and other ways tech companies try to obscure their real finances. htt...
Tinder's new Tinder Plus option costs nearly 4X as much in Europe if you're over 28 years old
And Pricier for Older Users Sam Sanders / NPR : Tinder's Premium Dating App Will Cost You More If You're Older Paresh Dave / Los Angeles Times : New Tinder Plus to cost date-seekers $9.99 a month or m...
How one guy spent $18K on coupon sites to net 100K shares in Jet from its referral competition
Kevin Roose / Fusion : Tweets: @kevinroose and @delrey Tweets: Kevin Roose / @kevinroose : To get rich in tech, you could learn to code, start a company, raise money. Or, spend 3 weeks gaming coupon ...