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Tag Archives: CNBC
Figma’s top VCs are sitting on $24 billion worth of stock after massive IPO pop
Venture capital firms have been waiting for big exits after an extended lull in IPOs. Figma’s debut is returning billions.
Coinbase shares tumble as second-quarter revenue disappoints
Subscription revenue failed to offset weaker trading revenue.
Amazon’s cloud business records 18% growth in second quarter
Amazon announced new business from the likes of PepsiCo during the second quarter, as revenue topped $30 billion.
Coinbase says it’s launching tokenized stocks, predictions markets for U.S. users in coming months
The expansion puts Coinbase in even closer competition with Robinhood, Gemini and Kraken, all of whom have tokenized equity offerings for users outside the U.S.
Reddit shares jump 20% on second-quarter sales and guidance beat
The company’s sales grew 78% year-over-year in the second quarter and was 17% above consensus estimates, representing the biggest beat in Reddit’s history.
SEC debuts ‘Project Crypto’ to bring U.S. financial markets ‘on chain’
The Securities and Exchange Commission on Thursday debuted “Project Crypto,” a plan to modernize securities regulations to allow crypto-based trading.
Figma more than triples in NYSE debut after selling shares at $33
Fast-growing Figma’s internet software has over 13 million users, and the customer list includes Google, Microsoft and Netflix.
Apple reports third-quarter earnings after the bell
The June quarter is typically Apple’s slowest of the year by sales, ahead of new device launches in September.
Amazon earnings primer: Why AI and tariffs are key to the second quarter
The earnings report will give investors a fresh look at how Amazon is navigating tariff-related uncertainty.
Arm stock tumbles on chip designer’s muted profit forecast
Arm CEO Rene Haas indicated the company plans to invest in its own chip development.