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Facebook closes down 19% after the disappointing user numbers and revenue growth projections, losing almost $120B in market value in a day   —  - The company missed projections on key metrics after struggling with data leaks and fake news scandals.  — The stock is flirting with bear market territory …
Jul 26, 2018, 5:05 PMIn context
Jordan Novet / CNBC:
Intel reports Q2 revenues of $16.96B, up 15% YoY, Client Computing Group revenue of $8.73B, up 6% YoY, and Data Center Group revenue of $5.55B, up 27% YoY   —  Intel stock fell by about 3 percent on Thursday following the release of the company's second-quarter earnings, which were better than expected.
Jul 26, 2018, 4:40 PMIn context
Alex Sherman / CNBC:
Qualcomm will owe a $2B breakup fee to NXP if deal is terminated as expected at end of day Wednesday; Qualcomm launches $30B stock buyback program   —  - Qualcomm announced its intention to walk away Wednesday night when the company reported third-quarter earnings.
Jul 25, 2018, 4:46 PMIn context
Christine Wang / CNBC:
PayPal reports Q2 revenues of $3.86B, up 23% YoY, vs. $3.81B est., net income of $703M, up from $554M YoY, and says board approved up to $10B in share buybacks   —  PayPal reported second-quarter earnings that topped Wall Street estimates on Wednesday.  —  Here's how the company did compared with what Wall Street expected:
Jul 25, 2018, 4:30 PMIn context
Phil LeBeau / CNBC:
Waymo partners with Walmart, AutoNation, Avis, and others to ferry their customers to various locations in Phoenix, Arizona   —  Waymo, the Alphabet company that spun out of Google's former self-driving car division, is partnering with some of the country's largest companies to expand how many people ride in its self-driving vehicles.
Jul 25, 2018, 8:35 AMIn context
Chloe Aiello / CNBC:
AT&T reports Q2 revenues of $39B, down from $39.8B YoY, vs. $39.39B expected, in its first quarter since completing its acquisition of Time Warner   —  - AT&T shares fell more than 2 percent after the telecom company reported mixed second quarter earnings and revenue.
Jul 24, 2018, 4:35 PMIn context
Michelle Castillo / CNBC:
Pinterest's head of engineering Li Fan leaves for scooter startup Lime   —  Pinterest's head of engineering Li Fan is leaving the company to become head of engineering of scooter company Lime.  —  “I joined Pinterest because I saw a rare opportunity to bring together my passions for engineering …
Jul 24, 2018, 3:43 PMIn context
Michelle Castillo / CNBC:
Sources: Pinterest is aiming for IPO by mid-2019, is close to ~$1B in ad sales in 2018 after hitting $500M in 2017, and now has a valuation between $13B-$15B   —  - Pinterest is poised to almost double revenue this year, getting close to $1 billion, according to people familiar with the matter.
Jul 23, 2018, 11:15 AMIn context
Eugene Kim / CNBC:
Internal documents show Amazon's struggles to fix Prime Day outages as an internal system broke down and engineers scrambled to scavenge hardware   —  - Amazon wasn't able to handle the traffic surge and failed to secure enough servers to meet the demand on Prime Day, according to expert review of internal documents obtained by CNBC.
Jul 19, 2018, 4:45 PMIn context
Jordan Novet / CNBC:
IBM reports Q2 revenues of $20B, vs. $19.85B expected, up 4% YoY, marking IBM's third consecutive quarter of revenue growth after five years of YoY declines   —  IBM stock rose 1 percent after the company reported better-than-expected second-quarter earnings results on Wednesday.
Jul 18, 2018, 4:45 PMIn context

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