Shares in Palantir Technologies Inc. surged in late trading after the big-data analytics company beat analyst expectations and reported its first-ever profitable quarter. For the fourth quarter that ended Dec. 31, Palantir reported adjusted earnings per share of four cents, up from two cents in the same quarter of last year, on revenue of $509 ...

Meta Platforms Inc. is reportedly planning more layoffs in March as part of an efficiency drive after having laid off around 11,000 employees in November. The Financial Times, referencing employees familiar with the situation, Saturday reported that Meta has delayed finalizing multiple teams’ budgets ahead of the planned cuts. The delays are claimed to have ...

The U.S. and the U.K. have sanctioned seven Russian nationals for their alleged involvement in running the infamous TrickBot botnet. TrickBot dates back to 2016 and has a network of more than 1 million machines. Initially used to target banking credentials with malware of the same name, TrickBot evolved several times over the years. In ...

PayPal Holdings Inc. announced today that President and Chief Executive Officer Dan Schulman will retire at the end of 2023, while also reporting better-than-expected earnings in the fourth quarter. Schulman (pictured) joined PayPal in September 2014, the same time then-owner eBay Inc. announced that it would split PayPal off into a separate company. The transaction ...

Shares in Lyft Inc. tanked in late trading after the ride-hailing company reported a much larger-than-expected loss and delivered guidance below analysts’ expectations. For the fourth quarter that ended Dec. 31, Lyft reported an adjusted loss of 74 cents per share on revenue of $1.18 billion. Analysts had expected earnings per share of 15 cents and ...

Amid broad concerns for the global economy and tech layoffs, cybersecurity-related firms Cloudflare Inc., Qualys Inc. and CyberArk Software Ltd. reported a wide mix of earnings results today. Cloudflare led the pack, reporting earnings before costs such as stock compensation income of $21.6 million, or six cents per share, in its fiscal fourth quarter, up ...

The U.S. Cybersecurity and Infrastructure Security Agency and the Federal Bureau of Investigation have released a free recovery script in response to a widespread ransomware campaign targeting unpatched installations of VMware Inc.’s ESXi. VMware Inc. and government agencies in Europe warned of the ransomware attacks earlier this week, saying that a malicious actor was targeting a vulnerability ...

Microsoft Corp.’s business communication platform Teams has grown rapidly over the last few years, driven in part by the COVID-19 pandemic, but a new change to the service will be poorly received by some customers. Microsoft announced yesterday that it was retiring Teams Free (classic) on April 12 and recommended that users upgrade to a ...

Twitter Inc. suffered downtime earlier today after introducing the ability for Twitter Blue subscribers in the U.S. to post tweets of up to 4,000 characters. The additional feature was announced at 3 p.m. EST in an extended post on Twitter. Outside the ability to post up to 4,000 characters, normal Twitter restrictions apply. Twitter Blue ...

Shares in Rapid7 Inc. fell in late trading after the company predicted lower-than-expected revenue in its latest earnings report. For its fourth quarter that ended Dec. 31, Rapid7 reported earnings before costs such as stock compensation of 35 cents a share, up from a loss of 17 cents a share in the same quarter of ...