![]() ![]() ![]() 2 hours ago By capitalizing on crypto lending services' high interest rate promises, 3AC's founders played the bubble perfectly, getting rich as 3AC's lenders went bankrupt (Matt Levine/Bloomberg).1 hour ago The US FTC files for a temporary restraining order and preliminary injunction to block Microsoft's acquisition of Activision Blizzard (Jordan Novet/CNBC).WATCH: Investors are looking for opportunities in tech over retail ![]() The provider of technology that helps IT departments respond to incidents slashed its forecast for the year “in anticipation of continued pressure” at small- and medium-size businesses, CFO Howard Wilson said on the call. Chief Financial Officer David Bernhardt said on SentinelOne’s earnings call large customers have been using the technology less and, due to the “current macro environment, we expect these lower usage and consumption trends to persist.” SentinelOne plunged 35% for the week after the company lowered its guidance and announced layoffs. “It’s clear customers continue to scrutinize their technology investments and must decide which technologies are a must-have, versus merely nice to have,” he said.Ĭybersecurity vendor SentinelOne and software developer PagerDuty experienced the flipside of the equation. ![]() On MongoDB’s earnings call, CEO Dev Ittycheria said his company’s products are seeing increased usage as clients look for efficiencies and cut costs. The company on Thursday reported earnings and revenue that topped analysts’ estimates and raised its guidance for fiscal 2024. MongoDB, the developer of a cloud-based database, jumped 33% for the week. In the cloud software corner of tech, some earnings reports are still providing a boost. “The AI trade has been absolutely phenomenal.” “I’m focusing on mega-cap tech here and semiconductors as well,” said Danielle Shay, vice president of options at Simpler Trading, in an interview on CNBC’s “The Exchange” on Friday. The index is still about 18% off its all-time high. After peaking in late 2021, the Nasdaq plummeted 33% last year, its steepest drop since the financial crisis, on concerns surrounding inflation and rising interest rates. Tesla and Nvidia, which has climbed 169% this year, have helped pull the Nasdaq up 27% in 2023, far outpacing the S&P 500 and Dow Jones Industrial Average. Shares of the electric vehicle maker are now up 74% for the year after losing roughly two-thirds of its value in 2022. But there was continued upward momentum.Īmong the most-valuable Nasdaq companies, Tesla led the way, with an 11% increase for the week. While last week’s gains were spurred by Nvidia’s earnings report and a surge in optimism around demand for technologies powering artificial intelligence workloads, this week didn’t see any notable news in the mega-cap group. President Joe Biden still has to sign the bill. Stocks across the board got a big boost Friday after a strong jobs report for May and the Senate’s passage of a debt ceiling bill Thursday night, which allowed the U.S. It’s the longest stretch since January 2020, before the Covid-19 pandemic hit the U.S. The Nasdaq Composite gained 2% this week, wrapping up the sixth-straight weekly rally for the tech-heavy index. With the rollout of Viber Out, Viber now has two paid services – Viber Out and its Sticker Market.Tech stocks still haven’t fully rebounded from a miserable 2022, but they’re rewarding investors who saw the sell-off as too extreme. According to Viber, a version of Windows Phone is currently under development and will be available soon.Ī small thing that will differentiate Viber from other services is that it will display the caller’s number so that the recipient can easily recognize who is calling. Credit for making calls to landline/mobile can be purchased via in-app purchase from an Android or iOS smartphone and also from the desktop version of Viber. Clearly competing with Microsoft’s Skype in the VoIP market, Viber claims to be considerably cheaper for voice calling. With the rollout of Viber Out, users can now make calls to any mobile or landline phone from their Android or iOS smartphone and also from their desktop. In addition to launching of Viber Out, Viber’s third birthday is marked by the addition of new Sticker’s to its Sticker Market. The latest version of Android and iOS app – Viber 4.1 brings along Viber Out. Viber Out is Viber’s answer to Skype’s ability to call any mobile or landline number. On its third birthday, Viber has announced the rollout of its latest feature – ‘Viber Out’. Viber, one of the popular VoIP applications, completes three years as of today. ![]()
0 Comments
Leave a Reply. |