AI-adjacent companies may be the next big play

AI-adjacent companies may be the next big play

Inside one of Equinix’s internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024.  Amanda Andrade-Rhoades | The Washington Post | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where … Read more

Time to look at AI-adjacent plays

Time to look at AI-adjacent plays

An Amazon Web Services data center in Stone Ridge, Virginia, US, on Sunday, July 28, 2024.  Nathan Howard | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like … Read more

London’s Southbank Centre says it needs over $200 million in repairs

London’s Southbank Centre says it needs over 0 million in repairs

The exterior of the Hayward Gallery, part of the Southbank Centre. The brutalist-style building was designed by a team led by Norman Engleback in the late 1960s. Universal Images Group | Getty Images LONDON — From Michelle Obama to Anish Kapoor and Tracey Emin to Nina Simone, London’s Southbank Centre has featured them all, and … Read more

Roblox will let developers sell games for real money, not just Robux

Roblox will let developers sell games for real money, not just Robux

The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021. NYSE Roblox, the popular kid’s gaming platform that generates billions of dollars a year in the virtual world, is getting real. The company said on Friday that some game developers on the platform will be … Read more

How much an investment in Roblox IPO would be worth now

How much an investment in Roblox IPO would be worth now

In its near 20-year existence, Roblox has grown into an immersive online platform that allows its millions of users to create avatars, explore virtual worlds and play games created by other users and Roblox Studios. Anyone from the average user to big-name brands like the NFL and Gucci can create content and games on the … Read more

Tech founders are shunning IPOs after extended market lull: Techstars

Tech founders are shunning IPOs after extended market lull: Techstars

Pedestrians pass the Nasdaq MarketSite in New York, US, on Tuesday, Jan. 2, 2024. Michael Nagle | Bloomberg | Getty Images Silicon Valley is known for producing tech businesses that start in garages and turn into massive publicly traded companies ubiquitously known across the globe. From Oracle and Microsoft to Google and Facebook, the public … Read more

Earnings from Disney, Uber and Warner Bros.

Earnings from Disney, Uber and Warner Bros.

CNBC’s Jim Cramer on Friday guided investors through the upcoming earnings-packed schedule on Wall Street, saying to focus on reports from companies such as Uber, Disney and Warner Bros. Discovery. Since April’s labor report was weaker than expected, he said investors can worry less about the Federal Reserve’s next move. “Now that it’s clear the … Read more

Reddit power users balk at chance to participate in IPO as debut nears

Reddit power users balk at chance to participate in IPO as debut nears

Jonathan Raa | Nurphoto | Getty Images Sarah Gilbert spends a lot of time on Reddit. For the past three years, she’s helped moderate the r/AskHistorians subreddit, which has 2 million members and was the subject of her Ph.D. dissertation. She’s been a lurker on the forum since 2012. But when the subject turns to … Read more

Roblox (RBLX) Q4 2023 earnings

Roblox will let developers sell games for real money, not just Robux

The New York Stock Exchange welcomes executives and guests of Roblox in celebration of its direct listing, March 10, 2021. NYSE Roblox reported results for the fiscal fourth quarter Wednesday that beat consensus estimates on the top and bottom lines. Shares closed up more than 10%. Here’s how the company did: Losses per share: 52 … Read more

Roblox (RBLX) Q3 2023 earnings

Roblox (RBLX) Q3 2023 earnings

David Baszucki, chief executive officer and co-founder of Roblox Corp., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, on Thursday, April, 21, 2022. David Paul Morris | Bloomberg | Getty Images Roblox reported results for the fiscal fourth quarter on Wednesday that beat consensus estimates on the top and bottom lines. … Read more