Articles from www.reuters.com

Articles from www.reuters.com

Contextual AI, which offers retrieval augmented generation tools for enterprises, raised an $80M Series A led by Greycroft; PitchBook values Contextual at $609M (www.reuters.com)
2024-8-2 AI

Amazon forecasts Q3 revenue below estimates and reports slowing online stores sales growth of 5% YoY in Q2, vs. a growth of 7% in Q1; AMZN drops 6%+ after hours (www.reuters.com)
2024-8-2 Amazon

Cloudflare reports Q2 revenue up 30% YoY to $401M, vs. $394.7M est., and raises its full-year 2024 forecast; NET jumps 10%+ after hours (www.reuters.com)
2024-8-2

A US appeals court blocks the FCC's reinstatement of net neutrality rules, saying broadband providers are likely to succeed in a legal challenge (www.reuters.com)
2024-8-2

Snap reports Q2 revenue up 16% YoY to $1.24B vs. $1.25B est., DAUs up 9% YoY to 432M, and forecasts Q3 sales below expectations; SNAP drops 20%+ after hours (www.reuters.com)
2024-8-2

DoorDash reports Q2 revenue up 23% YoY to $2.63B vs. $2.54B est., total orders up 19% YoY to $635M, and forecasts Q3 adjusted EBITDA above expectations (www.reuters.com)
2024-8-2

A US judge dismisses a 2022 RNC lawsuit accusing Google of misdirecting its emails to Gmail spam folders, saying the RNC had not made an adequate case (www.reuters.com)
2024-8-2 Google

UAE-based G42 is working with the US and Emirati government “to comply with the highest global standards” in AI, after US lawmakers questioned its China ties (www.reuters.com)
2024-8-2 China AI

The European Commission unconditionally approves HPE's $14B takeover of networking gear maker Juniper Networks after finding no competition concerns (www.reuters.com)
2024-8-1 Europe

Document: FirstCry, India's leading e-commerce platform for baby products, is seeking to raise up to $501M in an IPO, valuing the company as much as $2.9B (www.reuters.com)
2024-8-1 India IPO

eBay reports Q2 revenue up 1% YoY to $2.57B, vs. $2.53B est., GMV up 1% to $18.4B, net income up 31% to $226M, and forecasts Q3 revenue below estimates (www.reuters.com)
2024-8-1 eBay

Amazon sues Nokia in Delaware federal court, accusing Nokia of infringing 12 AWS cloud computing patents; Nokia will “review these matters and defend ourselves” (www.reuters.com)
2024-8-1 Amazon Nokia

Sources: the US plans to unveil a new rule next month to stop chipmaking equipment exports from some countries to China, exempting allies like the Netherlands (www.reuters.com)
2024-7-31 China Netherlands

Pinterest reports Q2 revenue up 21% YoY to $853.7M, vs. $847.8M est., MAUs up 12% YoY to 522M, and forecasts Q3 revenue below est.; PINS drops 13%+ after hours (www.reuters.com)
2024-7-31

California's DMV says it has created tokens for 42M car titles on the Avalanche blockchain and aims to help residents access them by early next year (www.reuters.com)
2024-7-31 Blockchain California

Spain's antitrust watchdog fines Booking.com €413.2M for abusing its dominant position of 70%-90% market share in the country over the last five years (www.reuters.com)
2024-7-31 Spain

Meta agrees to pay $1.4B to settle Texas' lawsuit accusing Meta of using facial-recognition tech to collect biometric data of millions of Texans without consent (www.reuters.com)
2024-7-31 Facial Recognition Texas

PayPal reports Q2 revenue up 8% YoY to $7.89B, total payment volume up 11% to $416.81B, transaction margin dollars up 8%, and raises its FY 2024 profit forecast (www.reuters.com)
2024-7-30

The NHTSA says Tesla released an OTA update for 1.8M cars, including 2021-2024 Model 3, Model S, and Model X, to fix a software failure to detect unlatched hood (www.reuters.com)
2024-7-30 Tesla

A US congressional spokesperson says UAE scuttled meetings this month between congressional staff and G42 after the US raised concerns about Microsoft-G42 deal (www.reuters.com)
2024-7-30 Microsoft

Sources: HPE is expected to secure unconditional EU approval for its $14B acquisition of Juniper Networks; the EC is scheduled to decide on the deal by Aug. 1 (www.reuters.com)
2024-7-30

South Korea will provide $400M to vendors hit by payment delays on two Qoo10 e-commerce platforms, and Qoo10's founder pledges to use his own assets to help (www.reuters.com)
2024-7-29 Korea Asset

SK Hynix announces plans to invest roughly $6.8B through 2028 on a chip plant in Yongin, South Korea, including a “mini-fab” to process 300mm silicon wafers (www.reuters.com)
2024-7-26 Korea

Canalys: China's smartphone shipments rose 10% YoY in Q2, with Huawei's shipments up 41%; Apple's market share in China dropped to 14%, down from 16% in Q2 2023 (www.reuters.com)
2024-7-26 China Apple

Sources: Meta is set to be hit with its first EU antitrust fine, which could be as much as 10% of its 2023 global revenue, for tying Marketplace and Facebook (www.reuters.com)
2024-7-26 Facebook

SK Hynix Q2: revenue up 125% YoY to ~$11.86B, operating profit of ~$3.96B, its highest quarterly profit in six years, and sees further rising chip demand in H2 (www.reuters.com)
2024-7-25

Atos appoints its chairman Jean Pierre Mustier as CEO to replace departing boss Paul Saleh, in its fifth top management reshuffle in less than two years (www.reuters.com)
2024-7-25

Ferrari plans to accept crypto payments for its cars at European dealers from the start of August, and internationally by the end of 2024, expanding on the US (www.reuters.com)
2024-7-24 Europe

Foxconn to invest $138 mln for new business headquarters in China (www.reuters.com)
2024-7-24 China

Sources: enterprise financial software maker OneStream raised $490M after pricing its IPO at $20 a share, above its $17-$19 marketed range, at a $4.6B valuation (www.reuters.com)
2024-7-24 IPO

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