Tag Archives: CNBC

Doordash stock tanks 20% as company misses earnings, says it expects further spending

The food delivery platform said it expects to spend “several hundred million dollars” on new initiatives and development in 2026.

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Snap shares rocket 25% on strong forecast, $400 million Perplexity deal

Perplexity AI will pay the social media company $400 million over 1 year to integrate the AI startup’s search features into Snapchat in 2026, Snap said.

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Robinhood doubles revenue as it beats third-quarter earnings expectations

CFO Jason Warnick said prediction markets and Bitstamp are generating about $100 million or more in annualized revenues.

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Figma delivers strong forecast as AI draws in more customers

People are signing up for Figma to use its Make tool for generating app designs with artificial intelligence, CEO Dylan Figma said.

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Lucid misses Wall Street expectations, cuts production guidance again

Lucid also said it has agreed to increase a term loan credit facility from $750 million to roughly $2 billion from Saudi Arabia’s Public Investment Fund.

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New bipartisan bill would require companies to report AI job losses

The AI-Related Job Impacts Clarity Act would require companies and federal agencies to submit quarterly reports of “AI-related job effects.”

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Tesla sales in Germany have cratered from last year, data shows

Elon Musk’s EV maker began selling a new, lower-cost version of its Model Y SUV in Germany during October.

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Op-ed: The fuel for the AI boom driving the markets is advertising. It is also an existential risk.

Joe Marchese, Executive Chairman at Human Ventures, describes a key conundrum facing OpenAI and other AI start-ups as they disrupt the ad tech industry.

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Pinterest plunges 20% after weak results as tariffs drag on ad revenue

Third-quarter sales in the U.S. and Canada came in at $786 million, missing analyst projections.

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TASER maker Axon plunges 17% after earnings fall short due to tariff hit

The TASER maker said its connected devices business felt the biggest pinch from its first full quarter of tariff impacts.

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