The company said that Apple’s privacy changes have cost their ad revenue to the tune of $10 billion during the fourth quarter of 2021. The company also reported an additional $10 billion loss in its AR/VR operations.
Despite the encompassing growth that marked US market and tech stocks, significant losses were still recorded.
Google parent Alphabet says its 20-for-1 stock split will take effect from July, and grant an additional 19 shares for each share of the same stock-class owned.
PayPal stock dropped approximately 50.98%, 29.70%, 41.91%, and 31.05% in the past year, YTD, three months, and one month respectively through Tuesday.
Three straight sessions of gains show that investors are gaining confidence in market participation once again following heavy sell-offs in the month of January.
Alphabet recently posted its fourth-quarter earnings which caps of a remarkable annual revenue run for the tech conglomerate.
In 2021 Q4, PayPal onboarded new active accounts. This includes 3.2 million new users after it acquired Japan’s Paidy.
Exxon Mobil is taking significant steps in addition to its impressive Q4 earnings. The company has revealed that it is relocating its headquarters from Irving to Houston.
While Bakkt faces 90% erosion in its market cap, the company spokesperson confirms that they are well capitalized for their long-term plans.
UBS recently posted a profit for its fourth quarter which caps off a remarkable year for the Swiss banking giant, and sets the tone for more.
Tesla is going to ramp up production in all its sites including Texas, California, China, and Berlin, and achieve 50% average annual growth in vehicle deliveries.
Vodafone switched on the UK’s first 5G OpenRAN site that carries live customer traffic in Bath, England, earlier this year.
Ryanair hopes to improve its operational outlook in the coming years with the plans to acquire some new jets from Boeing.
Beyond Europe, the outlook from other global markets is also impressive as investors go on an accumulating spree in order to par off some losses experienced all month.
The market continues to remain volatile amid the Fed commentary earlier this week. However, US GDP numbers for Q4 2021 are much better than expected.