Lucid Motors will barely make any EVs this year as it slashes production goals again
Lucid Motors will only make 7,000 electric vehicles at most this year after the company revised its production guidance for the second time in 2022....
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Tinder steps back from metaverse dating plans as business falters
Match Group has announced it’s scaling back Tinder’s metaverse dating ambitions and scrapping plans to offer an in-app Tinder Coins currency....
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Sales of Nintendo’s Switch dip as chip shortage continues to bite
Nintendo reported its first quarter earnings today. Hardware and software sales were both down, leading to the company missing analyst estimates. The...
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AMD rode the PS5, Xbox, and GPUs from a loss in 2020 to a likely billion in 2022
AMD’s Q2 2022 financial results break out its gaming business for the first time, including semi-custom chips that it produces for Sony’s...
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Robinhood quarterly revenue drops by almost half
Robinhood just issued a disastrous report for Q2 of 2022, with revenue that dropped 44 percent from the same period last year. CEO and co-founder...
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Uber’s seeing positive cash flow for the first time ever
Uber reported a $2.6 billion net loss in the second quarter but also positive cash flow for the first time ever. The earnings report indicates that...
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Roku has a problem — its buttons aren’t printing enough money
Roku says that a lack of expected button revenue is to blame for some of its missed goals. How could this have happened, when they’re sooo useful?...
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Vergecast: Instagram’s risky week and Big Tech earnings
The Verge’s Nilay Patel, David Pierce, and Alex Cranz discuss the quarterly tech earnings from Apple, Microsoft, Meta, Alphabet, Spotify, and...
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People aren’t buying as many PCs — and Intel is feeling the multibillion-dollar burn
Intel’s Q2 2022 earnings are grim — if you’re a PC industry executive hoping that people keep buying standard laptops and desktops whose sales...
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Apple says Mac sales are getting hit hard by supply constraints
Apple’s Q3 2022 earnings narrowly outperformed Wall Street expectations, with slight revenue growth for the iPhone division and a 12 percent jump...
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Amazon says sales are picking up following a big Prime Day
In its second quarter earnings, Amazon shared an optimistic growth outlook: it expects that net sales will grow by an estimated 13 to 17 percent in...
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Facebook reports drop in revenue for the first time
Meta, the parent company of Facebook and Instagram, reported its first-ever yearly decline in revenue as a public company. Its second-quarter...
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Spotify’s subscribers rise to 188M amidst podcasting setbacks
Spotify has reported its earnings for the second quarter of the year, including new subscriber numbers and monthly active users. It continues to...
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Xbox and Windows fall in Microsoft’s $51.9 billion quarter
Microsoft has reported its fourth-quarter 2022 earnings. Windows, Office, and cloud services are all highlights this quarter. Microsoft posted the...
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Google parent Alphabet’s profit slips again after CEO warns of ‘economic headwinds’
The Q2 2022 earnings report for Alphabet, the parent company of Google and YouTube, shows that the company’s profits are down year over year and...
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GM just secured enough cathode material for 5 million electric vehicles
GM and LG Chem announced a deal to secure 950,000 tons of cathode active materials for electric vehicle batteries. The automaker said it was enough...
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Snap isn’t happy with how much money it’s making
Snap CEO Evan Spiegel said the company wasn’t satisfied with its financial performance. Spiegel agreed to stay on for another four years. Snap...
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Twitter blames Elon Musk for making it lose money
Twitter says Elon Musk is hurting its ability to sell ads by causing uncertainty over the acquisition. The company’s Q2 2022 earnings results show...
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Tesla sold 75 percent of its Bitcoin
Tesla reports a $2.26 billion profit for Q2, a 31 percent decrease from last quarter. This comes after the company announced hiring freezes and...
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Netflix subscriber count in the US and Canada dropped by 1.3 million over the last three months
Netflix’s Q2 earnings report shows another drop in subscriber count, including a loss of 1.28 million in the US and Canada alone. The company is...
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Rivian is starting to shed its vaporware status by getting actual trucks to customers
Rivian said it produced 4,401 vehicles in the second quarter of 2022, a 72 percent increase over the previous quarter. Rivian’s promise to upend...
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Rivian lost $1.59 billion and delivered 1,227 electric trucks in the first quarter of 2022
Rivian lost $1.59 billion on $95 million of revenue in the first three months of 2022. The company also delivered 1,227 electric trucks to customers....
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EV startup Canoo is running out of cash and doubtful about its future
Canoo says it has "doubts" about its ability to stay financially solvent, according to the EV startup’s most recent earnings report....
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Peloton’s restructuring plan is off to a slow start
New Peloton CEO Barry McCarthy has started shaking up Peloton’s business strategy since taking the helm in February, but the company posted large...
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Lucid raises its EV prices as the company continues to struggle with production
Lucid Motors is raising the prices of its luxury electric vehicles as it continues to struggle to get cars off the assembly line. On average, the...
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Amazon’s growth continues to slow after surging in pandemic
Amazon stocks sank after reporting Q1 2022 earnings with a low projection for Q2 2022. Amazon’s growth is slowing after a rapid ascent during the...
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Apple reports best March quarter ever with new records for iPhone and Mac
On April 28th, Apple reported $97.3 billion in revenue for the second quarter of 2022, up 9 percent over the year-ago quarter. That amounted to a...
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Amazon Prime Day 2022 will take place in July
Amazon has set a month for its shopping holiday, announcing that Prime Day will take place in July this year. Its day (or days) of discounted online...
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