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Tag: drop

Meta shares drop after weak revenue growth, AI expenses warning

Meta Platforms predicted on Wednesday that second-quarter revenue may be lower than market expectations, with a potential reality test centered on expectations about how much new AI tools will boost the company’s business. suggested sex. Meta’s stock price fell about 10% in extended trading following the news, wiping out $125 billion worth of stock market […]

Tesla sees biggest revenue drop since 2012 but company shares still surge | Tesla

Tesla stock rallied after hours on Tuesday after the earnings release, despite a sales miss in the first quarter of 2024, a sharp profit decline, and a recall of its recently launched $100,000 Cybertruck car. It rose nearly 10% in trading. The electric vehicle maker’s sales were $21.3 billion, below expectations of $21.48 billion and […]

Tesla to slash global workforce by more than 10% as sales drop

Tesla has cut more than 10% of its global workforce. CEO Elon Musk called the move a “difficult decision” for the company, which is grappling with declining sales as electric vehicle price competition intensifies. The layoffs, announced Monday in an internal memo to Tesla’s roughly 140,000 employees worldwide, could reach as much as 20% in […]

Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says

Apple’s smartphone shipments will decline by about 10% in the first quarter of 2024 as Android smartphone makers compete for the top spot, data from research firm IDC showed on Sunday. The escalation took its toll. Global smartphone shipments rose 7.8% from January to March to 289.4 million units, with Samsung gaining 20.8% market share […]

Jax Taylor, Brittany Cartwright drop cake at son’s 3rd birthday

You can’t fix what’s broken. Jax Taylor and Brittany Cartwright put on a united front to celebrate their son Cruise’s third birthday on Saturday, but things quickly turned sour when he dropped his birthday cake. In the clip, shared on their respective Instagram Stories, Taylor and Cartwright (who was holding her son in her arms) […]

Biden considers Australia’s plea to drop prosecution of Wikileaks founder

President Joe Biden said Wednesday he is considering a request from Australia to drop a decade-long push for the United States to prosecute WikiLeaks founder Julian Assange for releasing a trove of classified U.S. documents. Ta. Australia has long called on the US to drop charges against Mr Assange, an Australian citizen who has resisted […]