The company said it saw strong demand for its services, which include software for online merchants, despite “a mixed consumer spend environment.”
Category: Technology
Elon Musk’s support for Trump pushes a corporate customer away from Tesla
Rossmann announced Tuesday it will no longer buy Teslas for its fleet, effective immediately, citing CEO Elon Musk’s pro-Trump political activism.
Microsoft fires back at Delta after massive outage, says airline declined ‘repeated’ offers for help
Microsoft said Delta turned down several offers for help during the flight disruptions following the outage.
Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand
Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations.
Reddit reports better-than-expected results for second quarter as digital ad market improves
Reddit reported better-than-expected results in the second quarter, boosted by data-licensing revenue.
Super Micro announces 10-for-1 stock split, shares plunge 13% on earnings miss
Super Micro announced a 10-for-1 stock split and issued upbeat guidance for the first quarter.
Google loses antitrust case over search
Google has illegally held a monopoly in search and text advertising, a federal judge ruled on Monday
OpenAI co-founder John Schulman says he will leave and join rival Anthropic
Schulman said OpenAI executives remain committed to backing efforts to ensure that people can control highly capable artificial intelligence models.
Elon Musk revives lawsuit against OpenAI, Sam Altman in federal court
Elon Musk has revived a lawsuit against Sam Altman in federal court, alleging that the Tesla boss was manipulated into co-founding OpenAI.
$1 trillion wipeout: Market rout punishes megacap tech
The seven most-valuable U.S. tech companies lost a combined $1 trillion in market value at the start of trading on Monday.