DocuSign (DOCU) plunges almost 30% after Q3 earnings

DocuSign CEO Daniel Springer. Source: DocuSign Shares of DocuSign fell nearly 30% in extended trading Thursday after the developer of its electronic signature software provided a year-end forecast that didn’t miss analyst estimates. DocuSign said in its third-quarter earnings report that fourth-quarter revenue will range between $557 million and $563 million. Analysts, on average, expected … Read more

WeWork will restate earnings of SPAC sponsor BowX

Marcelo Clore, Chairman of WeWork, Inc. , speaks during an interview at WeWork’s IPO on the floor of the New York Stock Exchange (NYSE) in New York City, US, October 21, 2021. Brendan McDermid | Reuters Just over a month after it debuted on the public market, WeWork has already run into a snag with … Read more

Snowflake (SNOW) earnings Q3 2022

Frank Slotman, CEO of Snowflake, on the day of his 2020 IPO. He is known for being a demanding leader, and straight shooter. He recently told CNBC, “I’d often attend board meetings at other companies, and the CEO would come up with a list of 10 priorities…well, that’s the same as not having priorities.” CNBC … Read more

Salesforce stock has worst day since March 2020 on earnings forecast

Marc Benioff, CEO of Salesforce.com speaks at the World Economic Forum in Davos, Switzerland, January 23, 2020. Adam Galcia | CNBC Salesforce shares fell 10% on Wednesday, their biggest drop since March 2020, when concerns about the spread of the Covid-19 pandemic shocked the market. The drop came on the heels of disappointing fiscal fourth-quarter … Read more

Facebook ends ban on cryptocurrency ads

Facebook President Mark Zuckerberg announced Thursday that the parent company’s name has been changed to “Meta” to represent a future beyond its troubled social network. Chris Delmas | AFP | Getty Images Facebook announced on Wednesday its decision to reverse a long-standing policy that has prevented most cryptocurrency companies from displaying ads on their services. … Read more

Meta’s head of cryptocurrency David Marcus resigns

David Marcus, head of Facebook Financial, or F2, testifies about Facebook’s proposed digital currency formerly known as Libra, during a Senate Banking and Urban Affairs Committee hearing on Capitol Hill in Washington, DC, on July 16, 2019. Renamed Cryptocurrency Diem in December 2020. Saul Loeb | AFP | Getty Images David Marcus, head of crypto … Read more

Bank of America upgrades Square, reiterates Twitter at buy after Jack Dorsey steps aside

Jack Dorsey, co-founder and CEO of Twitter Inc. and Square Inc. , during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021. Eva Marie Ozkategi | Bloomberg | Getty Images Jack Dorsey’s move to step down as Twitter’s CEO may be good news for the social media market as well as Square, … Read more

Elizabeth Holmes details abusive relationship with Sunny Balwani

SAN JOSE, CA – In an emotional and sometimes tearful testimonial Monday, Theranos founder Elizabeth Holmes accused ex-boyfriend Ramesh “Sunny” Balwani, who was also the company’s president, of a pattern of physical and psychological abuse, including forced sex. Holmes, 37, made a stand on the fourth and final day of her questioning by defense attorneys, … Read more

Facebook-owner Meta told to sell Giphy as British regulator blocks acquisition

Facebook CEO Mark Zuckerberg speaks during a live virtual and augmented reality conference to announce Facebook’s name change to Meta, in this screenshot taken from a video released October 28, 2021. Facebook | via Reuters The UK’s competition watchdog has told Facebook’s mother, Meta, that it should sell GIF-sharing platform Giphy. The Competition and Markets … Read more

HashiCorp aiming for IPO valuation of up to $13 billion in updated S-1

HashiCorp employees at the HashiConf Startup Conference in San Francisco in October 2018. HashiCorp Cloud software supplier HashiCorp updated its initial public offering prospectus on Monday, revealing plans to sell shares at a price that would value the company as high as $13 billion. HashiCorp, which was last privately valued at $5.1 billion in 2020, … Read more