[ad_1] Instagram’s co-founders Kevin Systrom and Mike Krieger told the world today what they’ve been doing in the four years since they walked away from their creation. The answer is working on various next-generation social apps, including the one they released today – or at least today said people can join an invitation list to sign up for a beta …
[ad_1] Google LLC has informed customers of Google Fi, the company’s mobile virtual network operator service, that their data may have been breached due to “suspicious activity relating to a third party system that contains a limited amount of Google Fi customer data.” The email to customers did not name who the third party was, referring only to a “primary …
[ad_1] PayPal Holdings Inc., Workday Inc. and HubSpot Inc. are the latest tech companies to announce layoffs as firms large and small attempt to cut costs to deal with a slowing economy. PayPal leads the list, announcing that it plans to lay off 2,000 employees or about 7% of its workforce. In a letter to employees, President and Chief Executive Officer Dan …
[ad_1] Shares of Western Digital Corp. and Super Micro Computer Inc. were trending down today in extended trading after the companies both offered revenue guidance that came in below expectations. In the case of Western Digital, which sells hard drives and flash storage used in computers, smartphones and other devices, its forecast came in much lower than expected, with officials …
[ad_1] Juniper Networks Inc. saw its stock fall more than 3% in extended trading today after matching expectations on earnings, missing estimates on revenue and offering lower-than-expected guidance for the coming quarter. The company reported a net income for the fourth quarter of $180.4 million, up from $132.9 million in the same period last year. Earnings before certain costs such …
[ad_1] Shares in Snap Inc. plunged in late trading after the company predicted a revenue decline of up to 10% in the first quarter of 2023. For the quarter that ended Dec. 31, Snap reported earnings per share of 14 cents, up from a penny a share in the same quarter of last year. Revenue came in at $1.3 billion, …
[ad_1] Advanced Micro Devices Inc. surprised Wall Street today as it beat expectations on sales and profit in its fourth-quarter financial results, thanks to strength in its data center division. But the company warned analysts that it’s expecting a 10% revenue decline for the current quarter. The chipmaker’s stock rose 2% in after-hours trading nonetheless. AMD reported earnings before certain …
[ad_1] Shares in Commvault Systems Inc. were down slightly in regular trading today after the data protection provider reported lower-than-expected results in its fiscal third-quarter earnings. For the quarter that ended Dec. 31, Commvault reported non-generally accepted accounting principles earnings of 62 cents per share, down from 67 cents per share in the same quarter of last year. Revenue came in …
[ad_1] OpenAI LLC today introduced a cloud-based tool that can help users determine whether a piece of text was written by artificial intelligence. The tool, which is available at no charge, is itself based on an AI model. It can detect text generated by not only OpenAI’s neural networks but also competing software from other companies. However, the startup cautioned …
[ad_1] Fast-growing cybersecurity startup Saviynt Inc. today disclosed that it has raised $205 million in debt financing from AB Private Credit Investors. In conjunction, Saviynt announced that founder Sachin Nayyar is returning to the role of chief executive. Nayyar was the startup’s CEO from its launch in 2011 to 2018. After leaving Saviynt, the executive launched another cybersecurity startup called …
