Microsoft had a strong finish to its fiscal 2021, with revenue increasing 21% to $46.2 billion and net income jumping 47% to $16.5 billion in the three months to June 30, driven by strong sales of Office products and LinkedIn services. But Microsoft shares dipped nearly 3% in after-hours trading, as investors appeared to focus on the 3% decline in sales of Windows for consumer PCs and the...
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Tiger Global, Alkeon Slash Startup Valuations Amid Public Stock Selloff
For more than a year, startup founders have watched in awe and some trepidation as hedge funds and other large investors flooded private startups with big checks, pushing up valuations and making it easier than ever to raise money. Those freewheeling days may be numbered as a sell-off in public tech stocks bleeds into the startup world. Among the examples of change: Investors are starting to...
Amazon Shuts Down Retail Partnership Program, Pays $2.25 Million in Washington State Antitrust Settlement
HBO Max Sees 10% Jump in Retail Subscribers
Intel Wins Court Battle Against Landmark $1.2 Billion Antitrust Fine
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