Investment & Company Information - Encircle News!

author_name|Karissa Bell, Finance, Financials Industry, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Roku says it could lose 25 percent of its cash after Silicon Valley Bank fails

March 10, 2023

Karissa Bell

The sudden collapse of Silicon Valley Bank has put more than a quarter of Roku’s cash at risk. The streaming company had $487 million, representing 26 percent of its cash, in Silicon Valley Bank, the company disclosed in an SEC filing Friday.The future…
Read more: Roku says it could lose 25 percent of its cash after Silicon Valley Bank fails
author_name|Jon Fingas, Company Legal & Law Matters, Finance, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Sonic the Hedgehog co-creator Yuji Naka pleads guilty to insider trading

March 3, 2023

Jon Fingas

Yuji Naka has pleaded guilty to insider trading charges filed last fall. The Sonic the Hedgehog co-creator has admitted to violating Japanese financial law by buying shares in the game studio Aiming before its team-up with Square Enix on Dragon Quest Tact became public. Naka admitted to making a profit over 20 million yen (about…
Read more: Sonic the Hedgehog co-creator Yuji Naka pleads guilty to insider trading
author_name|Will Shanklin, Finance, Finance Trading, Information Technology, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Microsoft’s Activision Blizzard purchase will reportedly be approved by the EU

March 2, 2023

Will Shanklin

Microsoft has reportedly cleared a major regulatory hurdle as it tries to move toward finalizing its Activision Blizzard purchase. The company’s licensing offers to competitors are expected to appease European Union (EU) antitrust concerns about the $6…
Read more: Microsoft’s Activision Blizzard purchase will reportedly be approved by the EU
author_name|Kris Holt, Finance, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Paramount+ prices are going up, whether you get Showtime or not

February 16, 2023

Kris Holt

Paramount+ will get a bit more expensive later this year as it folds in Showtime’s streaming service. The Premium tier of Paramount+, which will be renamed to Paramount+ With Showtime, will soon cost $12 per month, up from the current $10, as Variety reports. The ad-supported tier, which will not include Showtime, is going up from…
Read more: Paramount+ prices are going up, whether you get Showtime or not
author_name|Cherlynn Low, Company Earnings, Finance, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget

Apple’s record service revenue couldn’t make up for falling hardware sales

February 2, 2023

Cherlynn Low

As many Apple watchers have predicted, the company’s financial results this quarter are a break from the last few years of nonstop growth. The iPhone maker reported a revenue of $117.2 billion for its first fiscal quarter (ended December 2022), which is five percent down year over year, marking the first time Apple’s revenue is…
Read more: Apple’s record service revenue couldn’t make up for falling hardware sales
author_name|Nathan Ingraham, Company Earnings, Finance, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget

Alphabet’s revenues are still growing, but just barely

February 2, 2023

Nathan Ingraham

It’s no secret that the huge tech companies are still making money hand over fist, but there’s also a noticeable slowdown going on. Google’s parent company Alphabet is not immune — the company just reported its earnings results for Q4 of 2022, and just barely grew revenue year over year. The $76 billion the company…
Read more: Alphabet’s revenues are still growing, but just barely
author_name|Steve Dent, Finance, Game Consoles, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget

Sony has now shipped over 32.1 million PS5s following blockbuster holiday sales

February 2, 2023

Steve Dent

Sony’s gaming business had a blockbuster holiday quarter as it sold 7.1 million PS5s from October to December compared to 3.9 million in the same quarter last year. That’s a whopping 82 percent increase, so the company’s supply issues appear to be largely solved — much as the company has said as of late. In…
Read more: Sony has now shipped over 32.1 million PS5s following blockbuster holiday sales
author_name|Karissa Bell, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget

Facebook now has 2 billion users

February 1, 2023

Karissa Bell

Almost 20 years in, Facebook is still growing. The social network now has 2 billion daily active users, Meta reported alongside its fourth-quarter earnings. The report marks the first time Facebook, which added 16 million users last quarter, has reached 2 billion daily users.While Facebook isn’t the first Meta-owned platform to reach 2 billion daily…
Read more: Facebook now has 2 billion users
author_name|Kris Holt, Finance, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget

Rivian is laying off another six percent of its workforce

February 1, 2023

Kris Holt

Electric vehicle maker Rivian is laying off another six percent of its workforce. The company reduced its headcount by the same proportion of workers back in July. The automaker has around 14,000 employees, according to Reuters, so it will be letting go around 840 people this time.As with the previous round of layoffs, Rivian says…
Read more: Rivian is laying off another six percent of its workforce
author_name|Igor Bonifacic, Finance, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Unemployment Issues

PayPal is laying off 2,000 employees

January 31, 2023

Igor Bonifacic

PayPal is about to become the latest tech company to lay off a substantial part of its workforce. The payments firm announced Tuesday plans to cut approximately 2,000 employees, a number that equates to about seven percent of its total staff. According to PayPal president and CEO Dan Schulman, the layoffs will occur over the…
Read more: PayPal is laying off 2,000 employees

Encircle News!

Category: Investment & Company Information

Roku says it could lose 25 percent of its cash after Silicon Valley Bank fails

Sonic the Hedgehog co-creator Yuji Naka pleads guilty to insider trading

Microsoft’s Activision Blizzard purchase will reportedly be approved by the EU

Paramount+ prices are going up, whether you get Showtime or not

Apple’s record service revenue couldn’t make up for falling hardware sales

Alphabet’s revenues are still growing, but just barely

Sony has now shipped over 32.1 million PS5s following blockbuster holiday sales

Facebook now has 2 billion users

Rivian is laying off another six percent of its workforce

PayPal is laying off 2,000 employees

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