Tag Archives: CNBC

Celsius CEO Alex Mashinsky sentenced to 12 years in multi-billion-dollar crypto fraud case

Mashinsky’s downfall mirrors the fate of FTX founder Sam Bankman-Fried, Binance’s Changpeng Zhao and Do Kwon of Terraform Labs.

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Lyft shares rise as company ups buyback to $750 million

Lyft shares jumped 5% after the company lifted its share buyback plan to $750 million in its first quarter earnings report.

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Affirm drops 10% on weaker-than-expected guidance for current quarter

Affirm beats on earnings but gave a revenue forecast that trailed analysts’ estimates.

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Pinterest shares rise 15% on better-than-expected guidance

Pinterest shares rose in extended trading Thursday after the company reported first-quarter earnings and provided better-than-expected guidance.

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Palantir now among 10 most valuable U.S. tech companies — its earnings multiple is astronomical

After Palantir’s stock surge, investors now have to pay over 520 times earnings to buy it.

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Theranos founder Elizabeth Holmes loses bid to have appeal of fraud conviction reheard

The decision leaves Holmes with the Supreme Court as her last chance to undo her conviction. She will have to ask the court to hear the case.

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Amazon adds pet prescriptions to its online pharmacy

The prescriptions are dispensed and delivered by Vetsource, an online pet pharmacy, but are ordered through Amazon’s storefront.

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Coinbase acquires crypto derivatives exchange Deribit for $2.9 billion

Coinbase agreed to acquire Dubai-based Deribit, a major crypto derivatives exchange, for $2.9 billion, the largest deal in the crypto industry to date.

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Whoop launches two new wearables with 14-day battery life

Whoop on Thursday announced two new wearable devices, called Whoop 5.0 and Whoop MG, with prices starting at $199.

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Shopify stock slips on light guidance, company notes tariff ‘uncertainty’

Shopify said it expects its merchants to have less exposure to President Donald Trump’s sweeping tariffs, while acknowledging there’s “uncertainty ahead.”

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