Tag: company
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GameStop owns nearly 10% of eBay, SEC filing shows
July 17 : Videogame retailer GameStop owns nearly 10 per cent of e-commerce company eBay, the company said in a regulatory filing late on Friday, signaling its intent to push ahead with plans to buy eBay even after its unsolicited offer was rejected.GameStop said it owns 43.4 million outstanding shares of eBa
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Apple unseats Nvidia to become world’s most valuable company as AI bets shift
July 17 : Apple overtook Nvidia on Friday to become the world’s most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence.Apple was last valued at $4.88 trillion as its shares held steady, while Nvidia was roughly at $4.86 trillion, fol
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Netflix earnings forecast disappoints Wall Street, shares tumble
LOS ANGELES, July 16 : Netflix forecast third-quarter revenue and earnings on Thursday that fell short of Wall Street targets and said it would cut the frequency of viewing-hours reports as the company seeks new avenues of growth.Shares of Netflix fell nearly 8.6 per cent in after-hours trading to $67.99.
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Netflix earnings forecast disappoints investors, shares tumble
LOS ANGELES, July 16 : Netflix offered third-quarter revenue and earnings projections on Thursday that hovered below Wall Street targets and said it would reduce the amount of information it discloses on viewing hours as the streaming video pioneer seeks new avenues of growth in a competitive media landscape.
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Apple chasing AI chip company deals, The Information reports
July 15 : Apple is looking to buy chip companies to bolster its efforts to make server processors for running AI, The Information reported on Wednesday, citing people familiar with the matter.Here are some details:• The iPhone maker has approached chip startups to gauge their interest in a buyout and
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Stripe, Advent offer to buy PayPal for more than $53 billion, sources say
July 14 – Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said. The offer, submitted earlier this month, is backed by
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The SpaceX IPO made history. Is the excitement still there?
A month on from the firm’s stock market debut, the reality of how SpaceX currently makes money has seemed to come into clearer focus.
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Apple sues OpenAI, its employees claiming theft of trade secrets
Apple said in a Friday lawsuit that OpenAI’s nascent hardware business is “rotten to its core.”
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Meta expands generative AI tools with Muse Image rollout
July 7 : Meta Platforms said on Tuesday it is rolling out Muse Image, its first image-generation model from Meta Superintelligence Labs, as the Facebook owner expands generative AI tools across its apps.The company said Muse Image, which is integrated into its Meta AI chatbot, can interpret complex prompts, u
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Onsemi to sell two chipmaking plants to cut costs
July 7 : Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of broader push to cut costs and boost profit margins.Shares of the company were down more than 3 per cent in premarket trading. They have gained nearly 75 per cent this year.Here are some details:• Ons
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