Duncan Riley
Latest from Duncan Riley
Shares in Lyft Inc. plunged in late trading after the ride-hailing company missed on earnings, revenue and rider numbers in its fiscal third quarter. For the quarter that ended Sept. 30, Lyft reported an adjusted earnings per share loss of $1.18, down …
Apple warns iPhone supplies have been affected by COVID restrictions in China
Apple Inc. today issued a warning that supplies of the iPhone 14 Pro and iPhone 14 Pro Max will be lower than previously anticipated because of COVID-19 restrictions at a factory located in Zhengzhou, China. Apple didn’t say how restrictive the supply of …
Meta reportedly will lay off thousands of employees this week
Meta Platforms Inc., the parent company of Facebook, is preparing to lay off thousands of employees in the week starting Monday, according to a report today from The Wall Street Journal. Describing the layoffs as “large-scale,” the report, referencing people familiar with …
Investors hammer Atlassian on earnings miss and weak outlook
Investors hammered Atlassian Corp. stock in after-hours trading after the Australian software company missed earnings forecasts and gave a lower outlook than had been expected by analysts. For its fiscal quarter ended Sept. 30, Atlassian reported net income of $92.5 million, or …
Despite smashing earnings forecasts, Cloudflare sees shares plunge on growth concerns
Shares in content delivery network company Cloudflare Inc. plunged in late trading even though it beat all expected metrics in its latest earnings report as investors were reportedly spooked by figures suggesting moderating growth. For its third quarter that ended Sept. 30, …
Block shares surge on strong earnings beat
Shares in Block Inc. surged in late trading after the payments company delivered a strong earnings beat in its latest quarterly report. For its fiscal third quarter, Block reported net income before costs such as stock compensation of 42 cents a share, …
Higher-than-expected user numbers elevate Coinbase shares
Shares in Coinbase Global Inc. rose slightly in late trading after the cryptocurrency exchange reported better-than-expected user numbers amid misses on its latest quarterly earnings and revenue. For its fiscal third quarter that ended Sept. 30, Coinbase reported a loss before costs such …
Open-source developer platform startup Gitpod raises $25M
Open-source developer platform startup Gitpod GmbH today announced that it has raised $25 million in new funding to create a new category — what it calls cloud development environments. Tom Preston-Werner, founder and former chief executive officer of GitHub, led the Series A round, …
Google proposes list of five principles for IoT security labeling
Google LLC today released a proposed list of five principles around “internet of things” security labeling with an aim to increase security and transparency for electronic products that connect to the internet. While noting that there has been more focused activity across …
130 Dropbox GitHub repositories compromised in successful phishing attack
Cloud storage provider Dropbox Inc. has disclosed the details of a recent phishing attack that resulted in unauthorized access to 130 of its GitHub software code repositories. While noting that no content, passwords, or payment information were compromised in the attack, Dropbox …