Technology

Snap Inc. shares plunged by 33% to $11.72 in after-market trading following the company's disappointing earnings report for the foruth quarter. The software giant generated a revenue of $1.36 billion for the three months ending December 31, missing Wall Street analysts' expectations of a...

Netflix stocks surged by 10% during premarket trading on Wednesday after the streaming giant released its fourth-quarter results. 13.12 million subscribers joined Netflix in the quarter, beating the company's own forecast of roughly nine million additions. Full-year 2023 additions stood at 30 million. Revenue for...

Samsung Electronics Co. saw its operating profit slump by 35% during the past quarter, registering its sixth consecutive quarterly decline. The South Korean company's stock fell by 2.5% on Tuesday following the announcement. Operating income for the quarter was 2.8 trillion won ($2.1 billion)—24%...

Tencent Holdings lost about $43.5 billion of its value after China's National Press and Publication Administration presented draft guidelines for new rules aimed at limiting gaming and video game spending. Shares in Tencent, NetEase, and Bilibili all slumped following the submission. Falling 12.4%, Tencent stocks...

OpenAI has entered into early discussions over launching a new round of funding in which the artificial intelligence company will have a valuation of over $100 billion. While the exact details of the funding round have not yet been divulged by the organizers, a...

GV, backed by Google parent company Alphabet Inc, appointed Michael McBride from software firm GitLab as its latest general partner to focus on open-source and AI startups backed by the company, the firm confirmed on Wednesday. McBride has been the chief revenue officer for...