Palantir (PLTR) earnings Q4 2023

Palantir (PLTR) earnings Q4 2023

Palantir co-founder and CEO Alex Karp arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023. Stefani Reynolds | AFP | Getty Images Palantir shares surged more than 12% in after-hours trading after the company reported fourth-quarter earnings that beat analysts’ expectations for revenue. … Read more

Indonesia’s presidential hopefuls on TikTok to woo Gen Zs, millennials

Indonesia’s presidential hopefuls on TikTok to woo Gen Zs, millennials

Indonesia’s presidential election is due 14 February and candidates are going all out to win over voters in this country of 274 million. With millennials and Gen Z voters making up 56.5% of the electorate campaigning is often done on social media. One platform in particular has emerged as key, TikTok. Sopa Images | Lightrocket … Read more

Why Shari Redstone needs the right deal

Why Shari Redstone needs the right deal

Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters Paramount Global nonexecutive chair and controlling shareholder Shari Redstone has been talking to potential buyers interested in acquiring her media company — or parts of it for years — but … Read more

Spotify renews deal with podcaster Joe Rogan

Spotify renews deal with podcaster Joe Rogan

Podcaster and comedian Joe Rogan. Vivian Zink | SYFY | NBCUniversal Spotify has signed a new blockbuster deal with polarizing podcaster and comedian Joe Rogan, but this time, his show won’t be exclusive to Spotify, the company announced Friday in a news release. The multiyear deal with Rogan, the founder of “The Joe Rogan Experience,” … Read more

Company cuts 150 jobs, 2% of workforce

Company cuts 150 jobs, 2% of workforce

Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on September 25, 2019. Matt Winkelmeyer | Getty Images for Dropbox Zoom is cutting about 150 jobs, CNBC confirmed on Thursday, the latest tech company to slash headcount this year as investors continue to push for efficiency. A Zoom spokesperson confirmed … Read more

Paramount bidder Byron Allen has long history of failed media bids

Paramount bidder Byron Allen has long history of failed media bids

Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T. Fallon | AFP | Getty Images Byron Allen, the media mogul offering $14 billion for Paramount Global, told CNBC Wednesday he has the money to finance a … Read more

Studios rethink streaming strategy amid Wall Street profitability push

Studios rethink streaming strategy amid Wall Street profitability push

Bebe Wood, Renee Rapp and Avantika Vandanapu star as The Plastics in the 2024 adaptation of “Mean Girls.” Paramount Paramount is making a habit of greenlighting low- to mid-budget films for its streaming service, only to about-face and send them to theaters first. As the media company and its rivals try to claw their way … Read more

Super Micro shares pop after earnings beat, rosy revenue forecast

Super Micro shares pop after earnings beat, rosy revenue forecast

Super Micro CEO Charles Liang. Source: Supermicro Shares of Super Micro Computer popped more than 5% on Tuesday, a day after the company handily exceeded estimates and raised its full-year revenue outlook in its fiscal second-quarter earnings report. Super Micro said revenue for the quarter came in at $3.66 billion, up from the $3.06 billion … Read more

Excessive screen time symptoms cost the U.S. $73 billion a year: Study

Excessive screen time symptoms cost the U.S.  billion a year: Study

American workers are spending too much time looking at screens. More than 104 million people in the U.S., including nearly 70% of people working office jobs, spend upward of seven hours a day looking at screens, according to a Tuesday report from the Deloitte Economics Institute and the American Optometric Association. As a result, symptoms … Read more

PlayStation maker Sony invests in African gaming startup Carry1st

PlayStation maker Sony invests in African gaming startup Carry1st

The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Sony is making a bold bet on Africa’s video game industry.  The Japanese consumer electronics and gaming giant has invested an undisclosed sum into Carry1st, a video game studio based in Cape Town, South Africa, via its Sony Innovation Fund … Read more