Alex Karp, CEO of Palantir Technologies, speaks at the World Economic Forum in Davos, Switzerland, Jan. 18, 2023. Arnd Wiegmann | Reuters Dell and Palantir both jumped about 7% in extended trading Friday after S&P Global announced that the companies would join the S&P 500 index. Software maker Palantir will take the place of American … Read more
The Shopify logo is pictured outside the The Well building on Spadina Ave. in Toronto. Lance Mcmillan | Toronto Star | Getty Images Shares of Shopify closed up 17.8% on Wednesday after the Canadian e-commerce company topped expectations for the second quarter, citing strong demand despite “a mixed consumer spend environment.” Here’s how the company … Read more
Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast. On a call with reporters following the … Read more
Josh Silverman, CEO of Etsy. Adam Jeffery | CNBC When Etsy launched almost two decades ago, the site attracted artisans and craft makers, who finally had a place online where they could sell their niche products and reach a large audience. But in recent years, Etsy has found itself overrun with mass-produced, generic items from … Read more
Shopify shares tumbled 18% on Wednesday, shaving almost $20 billion off the company’s value, after the company gave revenue and profit guidance for the current quarter that spooked investors. Here’s how the company did for the first quarter, compared with consensus expectations from LSEG: Earnings per share: 20 cents adjusted vs. 17 cents expected Revenue: … Read more
Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Carvana : Shares of the buying and selling online platform were soaring 35% on Thursday after a record first quarter. CEO Ernie Garcia realized, unlike Wall Street analysts had, that he was OK after getting the Apollo money, … Read more
Boeing : The aircraft maker changed leadership of its embattled 737 Max program. “Doesn’t matter. Boeing, the leadership from the top is the only leadership government cares about,” Jim Cramer said Thursday. Dow stock Boeing was down slightly. Etsy : Shares of the online marketplace for handmade goods dropped 8% on an earnings miss and … Read more
Many AI companies struggle with customers understanding how the product won’t take away their ability to think for themselves. A few took the opportunity of the Super Bowl to change the narrative. There’s no greater opportunity to reach 123 million live viewers at once and get massive press buzz, even if it cost $7 million … Read more
The Etsy Sellers Market in Times Square celebrating Etsy’s celebration of its initial public offering at Nasdaq in New York City on April 16, 2015. Paul Zimmerman | Getty Images Activist investor Elliott Management has a “sizable” investment in e-commerce firm Etsy, which announced on Thursday that Elliott partner Marc Steinberg would join the company’s … Read more
Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon is making a fresh appeal to China-based sellers as it fends off growing competition from discount online retailers Temu and Shein, which both have … Read more
