SentinelOne Inc.’s stock suffered its worst day since its initial public offering as the cybersecurity company struggles to find new business amid a tough business spending environment, prompting one analyst to downgrade the stock. Not only did SentinelOne shares S, -35.14% on Friday experience their worst one-day percentage drop ever, but also they nearly closed…
Shares of Verizon Communications Inc. dove toward a 12-year low Friday, after Bloomberg reported that Amazon.com Inc. was in talks with the company and some other wireless carriers about offering services — possibly for free — to Prime members. The report also pushed AT&T Inc.’s stock T, -3.83% toward the lowest close in nearly eight…
In a largely symbolic vote, Netflix Inc. shareholders on Thursday rejected lucrative compensation packages for the streaming company’s top executives. Netflix’s NFLX, +2.00% board had unanimously recommended the pay packages, and can overrule the vote the next time it meets. The Writers Guild of America, whose members are striking over issues that include pay, had…
Facebook and Instagram parent Meta Platforms Inc. on Wednesday threated to block users in California from sharing news articles if lawmakers in its home state pass legislation requiring some tech companies to pay news publishers. The California Journalism Preservation Act, which is up for a vote in the state Assembly on Thursday, would require social-media…
Shares of Bumble Inc. slumped Wednesday after the announcement that President Tariq Shaukat will step down from his position in September. Shaukat will remain in an advisory role for the transition after he resigns Sept. 1, Bumble said in a regulatory filing, noting his departure is voluntary. The company said it will start a search…
Summer is almost here, and the streaming schedule is finally easing up enough to let viewers venture outside once in a while. After a two-month deluge of Emmy bait, the release schedule is significantly lighter in June, though not without its gems, such as new seasons of Hulu’s “The Bear,” Apple’s “Swagger” and Netflix’s “Black…
With shares more than doubling this year, Meta Platforms META, +0.18% seems to be a stock that just won’t quit. But given the choice, investors may want to consider digital-advertising competitor Alphabet GOOGL, -0.75% GOOG, -0.63% instead. Sure, Facebook parent Meta Platforms topped earnings expectations and posted bullish guidance. Yet just after celebrating those results, investors…
Social-media platforms pose “a profound risk of harm to the mental health and well-being of children,” and there is not enough evidence “to determine if social media is sufficiently safe for children and adolescents,” according to an advisory note from the U.S. surgeon general. Tuesday’s 25-page advisory comes as the possible effects of social media…
Kneel to your king Wall Street. After forecasting record revenue backed by a “killer AI app,” Nvidia helped deliver a powerful performance for the Nasdaq COMP, +1.71% on Thursday. Indeed, thanks to that chip maker and a few other generals — Microsoft, Apple, Alphabet, etc.— tech is seemingly unstoppable: Top contributors to S&P 500 year-to-date…
Dear Quentin, My brother-in-law is being honored by an organization that provides medical assistance to children of families who can’t afford their treatments. I was included on the email invitation, and the ticket price is $375 per person. I feel that it is unfair to ask an individual to incur such an expense. I feel…
Here are some of the more prominent movers on Tuesday: Stock gainers: Lowe’s Companies Inc.’s stock LOW, +2.18% jumped 1.7% in afternoon trading, after the home improvement retailer beat fiscal first-quarter profit expectations. While same-store sales fell more than forecast, they outperformed rival Home Depot Inc. HD, +1.75%, and the lowered full-year profit guidance range…
Here’s a summary of how the 11 sectors of the S&P 500 SPX, -0.14% have performed his year and how forward price-to-earnings ratios compare to valuation levels at the end of 2021: Sector or index 2023 return 2022 return Return since end of 2021 3-year return 5 year return Forward P/E Forward P/E at end…
Our tipping culture is out of control. It has become mandatory, and forced upon us. It has lost its cause. It’s not a gratuity anymore, it’s become another tax. Consumers are forced to help merchants to pay workers after paying merchants for the service. One time, I tried to donate money online, and was asked…
The Walt Disney Co. will start removing titles from its Disney+ and Hulu streaming services as soon as next week, according to reports late Thursday. Vulture first reported details of the purge, which will involve at least 27 titles, including the Disney+ fantasy series “Willow,” a follow-up to the 1988 movie, which premiered in November;…
Shares of Farfetch Ltd. jumped 18% in the extended session Thursday after the luxury fashion company posted a narrower-than-expected adjusted loss for its first quarter and sales that topped expectations. “Our first-quarter results represent the first step towards achieving our plan for 2023 … and demonstrate our strong execution in the face of continued macro…
After a months-long review, the Internal Revenue Service will test a free federal tax-filing pilot program, IRS and Treasury Department officials said Tuesday. Though many details about the pilot program still need to be worked out, the upcoming test run could mark the start of a new, free alternative to paid preparers and tax software…
Six months after its launch, Netflix Inc.’s ad-supported tier has nearly 5 million monthly active users globally, the streaming giant said Wednesday. In a virtual upfront presentation to advertisers, Netflix co-Chief Executive Greg Peters said the member base of the ad tier has “more than doubled” since early this year. The ad plan launched in…
U.S. regulators said late Wednesday that Easy Healthcare Corp.’s ovulation tracker app Premom shared users “sensitive” personal information with third parties, and users’ health data with Google and a mobile marketing-analytics company. The app also failed to notify consumers of those unauthorized disclosures, the Federal Trade Commission said. The FTC has proposed that Easy Healthcare,…
Remote work has upended corporate America, relieving many workers of crushing commutes and office distractions while infuriating just as many bosses. But the nation’s wealthiest individual, Tesla Inc. TSLA, +0.10% Chief Executive Elon Musk, cast the issue in terms of privilege and morality on Tuesday, saying it was time for the office-averse to “get off…
U.S. credit-card debt appears to be stubbornly holding near $1 trillion, the Federal Reserve Bank of New York said in its quarterly report on household debt and credit Monday. In the fourth quarter, when credit-card debt tends to rise due to holiday shopping, credit-card balances hit a whopping $986 billion, surpassing pre-pandemic levels, the New York…