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Facebook reports 48% revenue growth and doubling of profits

Facebook reports 48% revenue growth and doubling of profits

Facebook shares surged 6% after the company released its first quarter 2021 financials, well above Wall Street’s expectations. Facebook (FB) posted strong first three months of 2021 on Wednesday after the market closed as its…

Money
the most popular platform in the US and surpasses Facebook, says Pew Research Center

the most popular platform in the US and surpasses Facebook, says Pew Research Center

The rating of social networks in 2021, compiled by the Pew Research Center, consists of 10 applications, YouTube took first place, Facebook in second, Reddit rose to tenth place. The top includes both apps with…

Money
US oil and gas companies file for bankruptcy despite rising oil prices

US oil and gas companies file for bankruptcy despite rising oil prices

Eight North American oil and gas companies filed for bankruptcy in the first quarter of 2021, a record high. This fact runs counter to the optimistic forecast of the International Energy Agency (IEA), but it…

Money
On Wall Street, a week of reports of the largest US companies and a Fed meeting is expected

On Wall Street, a week of reports of the largest US companies and a Fed meeting is expected

Tesla, Google, Microsoft, Facebook, Apple and others will report their quarterly results this week. The reporting season is going well, but there are concerns that expectations may be overestimated. The Fed meeting will be held…

Money
Snap reports 66% revenue growth, beating all Wall Street forecasts

Snap reports 66% revenue growth, beating all Wall Street forecasts

Snap shares reacted with strong gains on strong first-quarter results and strong forecasts of 80% to 85% earnings growth in the second quarter, according to management expectations. Snap outperformed analysts on each of its key…

Money
Tesla reports record profits, but confirms supply chain problems

Tesla reports record profits, but confirms supply chain problems

Tesla shares fell 2.5% after the world’s most valuable auto company released its quarterly results. Despite Tesla’s record profit growth, skeptics saw many risks for the company in 2021. Tesla (TSLA) shares reacted with a…

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Money
Lyft sells its self-driving car division to Toyota subsidiary

Lyft sells its self-driving car division to Toyota subsidiary

Lyft is repeating Uber’s move and is also selling its Level 5 self-driving business to lower costs and achieve profitability. To do this, Lyft has signed an agreement with Woven Planet, a subsidiary of Toyota…

Money
What can Netflix investors expect after new users drop in 2021?

What can Netflix investors expect after new users drop in 2021?

Netflix’s report for the first three months of 2021 disappointed with a larger-than-expected drop in new users. The company promises a recovery in the second half of the year, but analysts doubt a return to…

Money
Microsoft report beat estimates, but Wall Street expected more from cloud revenues

Microsoft report beat estimates, but Wall Street expected more from cloud revenues

Microsoft shares fell despite posting higher earnings per share and earnings than analysts expected on average. Investors were disappointed by the slowdown in sales growth for Microsoft’s cloud division. Microsoft (MSFT) shares fell 2.3% after…

Money
Apple unveils new iPad Pros with M1 chip, ultra-thin iMacs, AirTags and more

Apple unveils new iPad Pros with M1 chip, ultra-thin iMacs, AirTags and more

Apple on Tuesday held a presentation of its new products, which, as expected, are the new iPad Pro tablets with the M1 chip, the new iMac, the AirTags tag for finding things, the new Apple…