Reddit Shares Rise 30
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Reddit shares soar 11% after company reports revenue pop in debut earnings report
Reddit reported a big increase in sales for the first quarter and said second-quarter revenue will jump by more than 30%, based on the midpoint of the range.CNBC - Business -
Nikkei Falls, Weighed by Semiconductor-, Electronics-Related Names
The Nikkei fell 0.3%, reversing earlier gains, weighed down by losses among semiconductor- and electronics-related stocks.The Wall Street Journal - World -
Bridgewater’s chief says he has ‘rewired’ world’s largest hedge fund
Nir Bar Dea is seeking to restore firm’s investment performance as it moves on from founder Ray DalioFinancial Times - Business -
Reddit Records Bigger-Than-Expected Jump in Users
Daily active users for the social-media company rose 37% to 82.7 million. The company posted higher revenue and a wider loss for the first quarter, hit by IPO-related costs.The Wall Street Journal - World -
Reddit Stock Surges After Active Users Jump More Than Expected
Reddit posted higher revenue and a wider loss for the first quarter, as IPO-related costs weighed heavily on the social-media company.The Wall Street Journal - World -
Reddit’s first post-IPO results are ‘mission accomplished,’ with international and data-licensing opportunities ahead
Reddit Inc.’s first quarterly results as a public company sent the company’s stock surging on better-than-expected revenue and a narrower-than-expected loss. Analysts say there are international and new data-licensing opportunities ahead for the ...MarketWatch - Business -
Shopify shares plunge 18% on weak guidance
The Canadian e-commerce company beat on the top and bottom line, but it gave downbeat guidance for the second quarter.CNBC - Business -
Nexi Shares Climb on Buyback, Profit Beat
The Italian payments company launched its up to $538 million buyback program after underlying earnings rose 9% in the first quarter.The Wall Street Journal - World -
Dow Edges Higher, Nasdaq Slips; Uber, Lyft Shares Diverge
U.S. stocks were mixed as first-quarter earnings season nears its end.The Wall Street Journal - World -
China and EU-candidate Serbia sign an agreement to build a 'shared future'
China and European Union candidate Serbia have signed an agreement to build a “shared future” between the two states, making the Balkan country the first in Europe to agree on such a document with BeijingABC News - World - China -
Tweens are obsessed with skin care. Experts share do's and don'ts
The trend of teens and tweens obsessing over skin care is "at its max," one dermatologist says.CBS News - Top stories -
In Serbia, Xi Underlines Close Ties With Ally That Shares Wariness of U.S.
Visiting friendly leaders in Eastern Europe, the Chinese president commemorated the 25th anniversary of a misdirected U.S. airstrike that destroyed China’s embassy in Belgrade.The New York Times - World -
Airbnb expects a stronger summer quarter, spurred by Olympics, but shares fall
Online vacation-rental platform Airbnb Inc. on Wednesday forecast second-quarter sales that were below Wall Street’s expectations, largely due to Easter falling in March this year, but the company said big events abroad like the Summer Olympics in ...MarketWatch - Business -
Arm shares drop as revenue forecast falls short despite AI boom
Lacklustre outlook raises concerns that spending on artificial intelligence chips could slowFinancial Times - Business -
Airbnb shares slide on lower revenue forecast despite a doubling of net income
Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market tradingABC News - Tech -
Chip designer Arm's shares plunge nearly 9% after lackluster revenue guidance
Shares of Arm fell almost 9% in premarket trading on Thursday, as lackluster revenue guidance from the firm clouded a positive sales quarter driven by AI demand.CNBC - Business