
AMZN Stock Down 4.7%, Amazon Reports Q3 Earnings Results that Are Below Expectations
Amazon’s e-commerce sales jumped 3% in the past year to $49.94 billion, thereby missing analysts’ estimates of $51.53 billion.
Amazon’s e-commerce sales jumped 3% in the past year to $49.94 billion, thereby missing analysts’ estimates of $51.53 billion.
Apple noted that its supply chain will see a further strain in the current quarter as the production operations resulting from the COVID-19 pandemic still lingers.
The Mastercard CEO, Michael Miebach, is confident that the company is ready to offer its service when governments begin to issue CBDCs.
Facebook said it is “Introducing Meta: A Social Technology Company” to bring all of the company’s apps and technologies under this new brand.
Twitter has seen the number of monetizable users rise by 13 percent to 211 million users YoY basis.
The new Bitpanda Pro executive mentioned the increased crypto adoption among institutional investors.
In the recently released Q3 earnings results, Ford reported $2.4b in net income and 6.4% net income margin, on revenue of $37.5b.
Going by the daily trading data from Ark Investment Management, ARK’s purchase of Robinhood stock on Monday and Tuesday was worth $32.4 million.
With Paradigm’s participation in the token sale, the firm will add Osmosis to its DEX portfolio, which includes Maker, Uniswap, and others.
Apart from good performance evident in the shares, Alphabet and Microsoft also managed to surpass growth predictions.
McDonald’s same-store sales climbed 9.6% from a year before as demand bounced back in its home market.
Uber is collaborating with Hertz to supply Tesla electric vehicles to drivers ahead of an entire electric ride-hail fleet by 2023.
Robinhood revealed that the Monthly Active Users (MAU) increased by 76% to 18.9 million, compared to 10.7 million in the third quarter of 2020.
The new Zolve funding will help the company expand its offerings as it realises that many customers uses it as their primary accounts.
Alphabet is known for heavy spending across its various business units, and the Q3 results were a reflection that these investments are yielding the desired results.