Desmond Lim, co-founder and CEO of Workstream.Courtesy of Desmond LimDesmond Lim is no stranger to hard work.At the age of seven, he fell in love with basketball, but when his family couldn’t afford to buy him his own ball, he came up with the money by himself.”Money was always tight,” Lim told CNBC Make It. “My parents are both hourly workers. My dad’s a driver. My mom’s a cleaner.””I chose a sport that is free, so I can play any day that I wanted,” said Lim. “I saved up for 60 days not eating lunch, to [have] enough money to…
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Adam Foroughi, CEO of AppLovin.CNBCAppLovin shares soared almost 30% in extended trading on Wednesday after the company reported earnings and revenue that sailed past analysts’ estimates and issued better-than-expected guidance.Here’s how the company performed compared with analysts’ expectations, according to LSEG:Earnings per share: $1.73 vs. $1.24 expectedRevenue: $1.37 billion vs. $1.26 billion expectedNet income in the quarter more than tripled to $599.2 million, or $1.73 per share, from $172.3 million, or 51 cents per share, a year earlier, the company said in a statement.Revenue jumped 43% from $953.3 million a year earlier.AppLovin was the best-performing U.S. tech stock last year,…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailChina Beige Book’s Shehzad Qazi joins ‘Fast Money’ to talk the state of China’s real estate market and a possible government bailout for the space. Source link
Elon Musk speaks next to President Donald Trump, not pictured, in the Oval Office of the White House in Washington, D.C., Feb. 11, 2025.Kevin Lamarque | ReutersStaffers from Elon Musk’s secretive government slashing effort, DOGE, have pushed the highest-ranking officials at the Department of Education — even those recently appointed by President Donald Trump — out of their own offices, rearranged the furniture and set up white noise machines to muffle their voices, employees at the agency said.Deprived of her office, acting Education Secretary Denise Carter was spotted last week sitting outside the main leadership suite, one staffer said. Meanwhile,…
Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024. Frederic J. Brown | Afp | Getty ImagesReddit shares fell more than 15% on Wednesday after the company reported weaker-than-expected user numbers in its fourth-quarter earnings.Here’s how the company did compared with LSEG estimates:Earnings per share: 36 cents vs. 25 cents expectedRevenue: $428 million vs. $405 million expectedGlobal daily active uniques, or DAUq, rose 39% from a year earlier to an average of 101.7 million for the fourth quarter. That trailed Wall Street…
Aj Marks was getting ready for what he thought would be a normal school day when one of his coaches at IMG (Fla.) Academy sent him a text message.“Come over to the fieldhouse. Bill Belichick wants to talk to you, wants to see you.”Marks had no idea Belichick was in town, let alone on his high school campus. But as any tech-savvy teenager would do, the 2026 cornerback recruit quickly screenshotted the message so he could keep it in his files forever. When he made his way to the fieldhouse, Belichick was waiting with another surprise.“I was thinking maybe I’d…
The warnings, on thousands of products sold in California, are stark.“Use of the following products,” one label says, “will expose you to chemicals known to the State of California to cause cancer, birth defects or other reproductive harm.”Now, new research shows the warnings may be working.A study published Wednesday in the journal Environmental Science & Technology found that California’s right-to-know law, which requires companies to warn people about harmful chemicals in their products, has swayed many companies to stop using those chemicals altogether.As it turns out, companies don’t want to sell a product that carries a big cancer warning label,…
Amazon (AMZN) last hit a new all-time high on Feb. 4. The company reported after the close two days later and that release was ill-received. The stock is now trading lower for the third time in the last four trading sessions. While it’s only been a few days, it’s not what many investors had hoped for, especially with the stock having done so well lately. In fact, from the August 2024 low to its most recent high, AMZN gained nearly 60%. From this perspective, the stock is allowed a breather… for any reason. The question now, of course, is what…
Check out the companies making headlines in postmarket trading. Reddit – The social media platform slid 17% after Reddit’s user numbers fell short of Wall Street’s expectations. Daily active uniques averaged 101.7 million for the fourth quarter, reflecting growth of 39% year over year but missing analysts’ call for 103.1 million, per StreetAccount. Separately, Reddit beat analysts’ expectations on the top and bottom lines for the fourth quarter. The Trade Desk — The advertising technology stock plunged 25% after posting revenue of $741 million in the fourth quarter, which was below the consensus forecast of $759 million from analysts polled…
Cisco CEO Chuck Robbins speaking on CNBC’s “Squawk Box” outside the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.Gerry Miller | CNBCCisco shares climbed about 6% in extended trading on Wednesday after the networking hardware maker reported fiscal second-quarter results and guidance that topped Wall Street’s expectations.Here’s how the company did against LSEG consensus:Earnings per share: 94 cents adjusted vs. 91 cents expectedRevenue: $13.99 billion vs. $13.87 billion expectedRevenue increased 9% in the quarter, which ended on Jan. 25, from $12.79 billion a year earlier, according to a statement. The growth follows four quarters of revenue declines. The…
