Wall Street

Affirm: BNPL

Affirm revenue beats estimates as BNPL volumes, users jump

Affirm Holdings Inc reported quarterly revenue above Wall Street estimates, boosted by growth in active consumers, merchants and volumes of goods sold through its buy now, pay late...

Roblox

Roblox bookings beat as gaming boom persists, shares surge

Roblox Corp exceeded market estimates for quarterly bookings as demand for its video games “MeepCity” and “Adopt Me!” stayed strong even after pandemic-led ...

Zynga

Zynga’s bookings get a lift from mobile gaming demand

Zynga Inc beat Wall Street estimates for quarterly net bookings, fuelled by demand for its popular franchise “FarmVille” and contribution from the acquisition of mobile...

Platform News: Airbnb

Airbnb revenue surges as countries open up for vaccinated travelers

Airbnb Inc’s quarterly revenue topped Wall Street expectations and the short-term home rental company said, a rebound in global travel amid rising vaccination rates in the la...

Platform News: Ride-hailing app Uber Technologies

Uber makes first operating profit as driver shortage eases

Uber has reported its first profitable quarter on an adjusted basis since it launched more than a decade ago with its two most important segments, ride-hailing and restaurant deliv...

Robinhood Markets on Wall Street

Robinhood expands offering that allows retail investors to buy into IPOs

Online brokerage Robinhood Markets Inc has said it would allow companies issuing shares through its IPO Access platform to set aside some stock for members of the public with ties ...

Platform News: Apple logo on a retail store window

Apple results hit by supply chain woes

Supply chain woes cost Apple Inc $6 billion in sales during the company’s fiscal fourth quarter, which missed Wall Street expectations, and CEO Tim Cook said that the impact ...

Platform News: Software titan Microsoft building

Microsoft nearly overtakes Apple as most valuable company

A surge in Microsoft Corp’s shares nearly unseated Apple Inc as the world’s most valuable company yesterday, a day before the iPhone maker reports its quarterly results...

NuBank

Platform stampede as investors hunt Latin American unicorns

When Sebastian Kanovich co-founded Latin American digital payments start-up dLocal in Montevideo in 2016, he struggled to get global retailers to take him seriously.

Backblaze

Cloud storage provider Backblaze files for US IPO

Cloud storage provider Backblaze Inc filed for a US IPO, cashing in on growing demand for cloud computing from businesses expanding their digital offerings during the COVID-19 pand...

Platform Industry: Wall Street, IPO's and stock performance

Investors eye Big Tech as stock market wobbles

Technology stocks are bearing the brunt of a recent market selloff, putting a spotlight on how an extended downturn in the sector could weigh on broader equity indexes.

Platform News: GameStop

Meme stocks soar in late day trading surge, short sellers knocked

Shares of several retail trading darlings, including AMC Entertainment and GameStop, surged in heavy volume yesterday, on no apparent news, dealing over $1 billion in losses to sho...

Platform News: Roblox

Roblox bookings miss Wall Street target as easing curbs hurt online games

Roblox Corp’s quarterly bookings missed market expectations, as easing restrictions slowed the pandemic-fuelled surge in spending for its games including “JailbreakR...

Platform News: Reddit social network and discussion boards

Reddit valued at $10 billion in new funding round

Reddit will raise up to $700 million in a fundraising round led by Fidelity Management, the social media network has said, cashing in on a jump in its influence in the financial wo...

Platform Economy: Palantir and Peter Thiel

Palantir’s shares jump as large contracts boost revenue forecast

Shares of Palantir Technologies Inc jumped about 12% after the US data analytics company forecast current-quarter sales above expectations, thanks to large contracts it secured fro...