Meta's Reality Labs Q1: revenue up 30% YoY to $440M, vs. $512.5M est., a $3.85B operating loss, vs. $4.31B est.; Reality Labs lost $45B+ since the end of 2020 (Alex Koller/CNBC) (Apr 24, 2024 20:40)
Alex Koller / CNBC : Meta's Reality Labs Q1: revenue up 30% YoY to $440M, vs. $512.5M e...
Memo: Thrasio CEO Greg Greeley plans to resign and five other senior executives will "step down when Thrasio emerges from Chapter 11 in the coming weeks" (Annie Palmer/CNBC) (Apr 25, 2024 00:40)
Annie Palmer / CNBC : Memo: Thrasio CEO Greg Greeley plans to resign and five other sen...
Meta's stock drops 15%+ after hours on a weak Q2 revenue guidance and higher FY 2024 capital expenditures due to increased AI infrastructure investments (Ashley Capoot/CNBC) (Apr 24, 2024 21:15)
Ashley Capoot / CNBC : Meta's stock drops 15%+ after hours on a weak Q2 revenue guidanc...
Worldcoin subsidiary World Assets plans to sell WLD tokens to meet the demand for orb-verified World IDs and support Worldcoin network growth; WLD drops 7%+ (Brian McGleenon/The Block) (Apr 24, 2024 18:50)
Brian McGleenon / The Block : Worldcoin subsidiary World Assets plans to sell WLD token...
TikTok is suspending the rewards program in TikTok Lite while it tries to resolve EU concerns about the potentially addictive nature of the program for children (Foo Yun Chee/Reuters) (Apr 24, 2024 19:55)
Foo Yun Chee / Reuters : TikTok is suspending the rewards program in TikTok Lite while ...
Nooks, whose AI tools can analyze sales calls and summarize customer interactions, raised a $22M Series A led by Lachy Groom, bringing its total funding to $27M (Ken Yeung/VentureBeat) (Apr 24, 2024 22:55)
Ken Yeung / VentureBeat : Nooks, whose AI tools can analyze sales calls and summarize c...
SK Hynix reports Q1 revenue of ~$9B, more than doubling YoY, and ~$2B in operating income, above estimates of ~$1.3B and the biggest quarterly profit since 2022 (Yoolim Lee/Bloomberg) (Apr 25, 2024 00:55)
Yoolim Lee / Bloomberg : SK Hynix reports Q1 revenue of ~$9B, more than doubling YoY, a...
AI coding assistant startup Augment emerges from stealth with a $227M Series B at a $977M post-money valuation, following a $25M Series A led by Sutter Hill (Kyle Wiggers/TechCrunch) (Apr 24, 2024 22:10)
Kyle Wiggers / TechCrunch : AI coding assistant startup Augment emerges from stealth wi...
IBM reports Q1 revenue up 1% YoY to $14.46B, vs. $14.55B est., software revenue up 5.5% YoY to $5.9B, and net income of $1.6B, up from $927M YoY; IBM drops 5%+ (Jordan Novet/CNBC) (Apr 24, 2024 20:25)
Jordan Novet / CNBC : IBM reports Q1 revenue up 1% YoY to $14.46B, vs. $14.55B est., so...
Source: cloud data management startup Rubrik priced its IPO at $32 a share, above its expected $28-$31 range, raising $752M and valuing the company at $5.6B (CNBC) (Apr 24, 2024 21:50)
CNBC : Source: cloud data management startup Rubrik priced its IPO at $32 a share, abov...
US prosecutors charge two founders of the Samourai Wallet crypto mixing service, saying it facilitated more than $100M in money laundering transactions (Bob Van Voris/Bloomberg) (Apr 24, 2024 19:45)
Bob Van Voris / Bloomberg : US prosecutors charge two founders of the Samourai Wallet c...
Meta's stock drops 15%+ as the company issues a light Q2 revenue forecast and higher FY 2024 capital expenditures due to increased AI infrastructure investments (Ashley Capoot/CNBC) (Apr 24, 2024 21:15)
Ashley Capoot / CNBC : Meta's stock drops 15%+ as the company issues a light Q2 revenue...