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WhatsApp (FB +0.1%) has won approval from India to more than double the users that can access its payments service there, Reuters reports. The Meta Platforms-owned messaging service has long sought no restrictions on its user base - which numbers 500 million users in India, its biggest market...
Deutsche Telekom (DTEGY +1.8%) has boosted its stake in T-Mobile (TMUS +2.1%) to 48.4%, buying more shares as part of a 2020 deal with SoftBank (SFTBY +2.2%). The German telecom bought another 21.2 million shares for $2.4 billion as part of a call option. It's also going largely as planned, g...
The “sum of all fears” moment evaporated, as though the triggers never surfaced. Unfortunately, the nightmare ain’t over. Alibaba expanded its share buyback program to $25 billion, up from $15 billion. I explain why Alibaba didn’t use up the billions re...
Paytm (PAYTM), the popular payment app in India, expects to break even by the quarter ending September 2023, the company told its shareholders in a letter on Wednesday. "We should be operating EBITDA breakeven in next six quarters (i.e., EBITDA before ESOP cost)," Paytm Founder and CEO Vijay ...
Coupang reported an underwhelming FQ4'21 card. However, it communicated that Q1 has been looking constructive. However, we think SoftBank's huge stake in Coupang could continue to impact CPNG stock's momentum. We discuss why SoftBank could remain Coupang's biggest risk in the near...
Advanced Micro Devices (NASDAQ:AMD) shares fell on Thursday after Barclays downgraded the semiconductor company on concerns over the company's 2023 performance, citing "elevated levels" of growth in several of the company's end-markets. Analyst Blayne Curtis lowered his rating on AMD to ...
SoftBank Group (SFBTY -1.5%) will slow down its technology investments after a rout in the company's holdings, the Financial Times reports. Founder Masayoshi Son at a recent meeting instructed his executives to back off and focus on raising cash, according to the report. That comes following ...
Advanced Micro Devices (NASDAQ:AMD) shares slipped in premarket trading on Thursday after investment firm Barclays raised concerns over the company's 2023 performance, citing "elevated levels" of growth in several of the company's end-markets. Analyst Blayne Curtis lowered his rating to equal...
Apple (NASDAQ:AAPL) grabbed its usual amount of headlines this past week, but it had plenty of company in the spotlight as thanks to chips, China and Uber (NYSE:UBER). The European Union took aim at tech kingpins such as Apple (AAPL), Facebook's Meta Platforms (FB), Google (GOOG) and Amazon (...
Goldman Sachs is said to be in the driver's seat to underwrite the upcoming initial public offering of British semiconductor technology giant Arm Holdings in an IPO that could value up the company at as much as $60 billion. SoftBank Group (OTCPK:SFTBF), which owns Arm, is close to picking Gol...
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2024-07-21 12:06:00 ET Its durable cameras might be popular with folks taking action footage, but GoPro (NASDAQ: GPRO) hasn't been a great success as a stock. After a sustained period of excitement following its 2014 IPO, investors have largely shunned the company. Might that ch...
2023-12-30 09:30:00 ET When T-Mobile (NASDAQ: TMUS) completed its merger with Sprint in 2020, it effectively put a cap on its stock price for the next few years. As part of the merger agreement, Softbank (OTC: SFTB.Y) (OTC: SFTBF) forfeited 48.8 million shares of T-M...
2023-09-13 10:06:30 ET T-Mobile (NASDAQ: TMUS) stock has consistently butted heads with a $150 share price, but that could change soon. There's a good reason T-Mobile shares are stuck below $150. As part of its merger agreement with Sprint, Softbank (OTC: SFTB.Y) (OTC:...