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Apps

Shares of Robinhood drop in trading debut after $2B IPO

By Maria Deutscher Jul 29, 2021

Shares of Robinhood Markets Inc. closed down more than 8% in their trading debut on the Nasdaq today after the company raised nearly $2 billion through its initial public offering Wednesday. The investors who…

Big Data

SAS Institute says it plans to go public in 2024

By Paul Gillin Jul 29, 2021

Just two weeks after SAS Institute Inc. reportedly backed out of talks to be acquired by Broadcom Inc., the company today issued a statement saying it plans to go public in 2024. The company…

Cloud

Interest in open hybrid multicloud solutions drives new partnership between Nutanix and Red Hat

By Mark Albertson Jul 29, 2021

Nutanix Inc. and Red Hat Inc. announced a strategic partnership today that will combine installation, management and interoperability of Red Hat OpenShift and Red Hat Enterprise Linux with Nutanix Cloud Platform, including Nutanix AOS…

Cloud

SAP will bring more software services to Google Cloud through expanded alliance

By Maria Deutscher Jul 29, 2021

Google LLC’s cloud business and SAP SE today announced that they’re expanding their partnership to assist enterprises with digital transformation projects in more ways. The new collaboration has two main components. First, the search…

Security

SolCyber emerges from stealth with $20M in funding from ForgePoint

By Duncan Riley Jul 29, 2021

Managed security service provider SolCyber Managed Security Services Inc. launched out of stealth mode today and announced that it has raised $20 million in funding. The Series A round came exclusively from ForgePoint Capital and…

Apps

Samsung reports 70% profit jump as memory chip prices increase

By Mike Wheatley Jul 28, 2021

Samsung Electronics Ltd. delivered on its promise of a strong second quarter today, announcing that its profit grew by more than 70% thanks to stronger prices for its memory chip products. The company reported…

Policy

Activision employees stage walkout amid claims of discrimination, sexual harassment

By James Farrell Jul 28, 2021

Employees at Activision Blizzard Inc.’s main campus in Irvine, California, staged a walkout today in protest over accusations of pervasive sexism and harassment in the company. The protest comes a week after the game…

Infra

Qualcomm’s revenue pops as 5G chip sales accelerate

By Mike Wheatley Jul 28, 2021

Smartphone chipmaker Qualcomm Inc. delivered a strong earnings beat today in its first financial report under new Chief Executive Cristiano Amon, and added offered strong guidance for the next period, sending its stock higher…

Cloud

Strong sales growth calms nervous ServiceNow investors

By Paul Gillin Jul 28, 2021

ServiceNow Inc. today reported second-quarter revenue of $1.41 billion, well above analysts’ estimates of $1.36 billion and up 32% year-over-year. Profit of $1.42 per share also exceeded the $1.21 consensus. The results were driven…

Apps

Facebook beats earnings estimates but stock falls on growth slowdown warning

By Robert Hof Jul 28, 2021

Facebook Inc. today easily beat estimates for its second-quarter results, but a warning that growth would slow in coming quarters knocked its stock down in after-hours trading. The company said it earned a net…

explore news

Shares of Robinhood drop in trading debut after $2B IPO

SAS Institute says it plans to go public in 2024

Interest in open hybrid multicloud solutions drives new partnership between Nutanix and Red Hat

SolCyber emerges from stealth with $20M in funding from ForgePoint

Samsung reports 70% profit jump as memory chip prices increase

Activision employees stage walkout amid claims of discrimination, sexual harassment

Qualcomm’s revenue pops as 5G chip sales accelerate

Strong sales growth calms nervous ServiceNow investors

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