The pandemic drove Clubhouse to a $4 billion valuation that never looked sustainable
Clubhouse said on Thursday that’s it cutting half its staff two years after investors valued the nascent startup at $4 billion.
Pence testifies before federal grand jury investigating Trump’s role in Jan. 6
Special counsel Jack Smith is investigating whether Trump acted unlawfully in his efforts to overturn his 2020 presidential election loss and stop the peaceful transfer of power.
Snap plunges on first-quarter revenue miss
Snap continues to suffer in a tough digital ad market with its first-quarter sales missing analyst projections.
Amazon’s 16% cloud revenue growth impresses even as margin narrows
Amazon Web Services revenue has now slowed for five quarters in a row. Current trends suggest that another drop in growth is coming as customers optimize spend.
Analysts are raising earnings estimates on these companies reporting next week
Almost a third of S&P 500 names will be releasing their quarterly earnings in the first week of May, including tech giant Apple.
Here’s why the stock market had such a massive rally Thursday
Investors looked past what appeared to be a weak first-quarter GDP report on Thursday.
SEC’s Gensler says ‘the law is clear’ for crypto exchanges and that they must comply with regulators
SEC Chairman Gary Gensler wrote in a post on Thursday that crypto exchanges “must come into compliance, register with us, and deal with conflicts of interest.”
Abortion pill mifepristone is banned or restricted in some states despite Supreme Court ruling
Mifepristone will remain largely unavailable in 13 states that have banned abortion despite the Supreme Court’s decision last week to uphold FDA rules.
Dropbox to lay off 500 employees, or about 16% of its workforce
Dropbox is laying off 500 employees, or about 16% of its workforce, the company said.
Southwest scales back 2023 hiring because of Boeing aircraft delays
Southwest expects to receive only 70 Boeing 737 Max planes this year, down from 90.
