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Rivian lost $1.45 billion in the first quarter, showing that its recent company-wide cost-cutting measures have a ways to go before it can approach profitability. The EV-maker brought in $1.2 bil...
https://techcrunch.com/2024/05/07/rivian-q1-2024-earnings-results-profit/
Despite spending more than $100 billion on R&D over the last five years, Apple isn't planning to spin up too many new data centers to run or train AI models. © 2024 TechCrunch. All rights rese...
https://techcrunch.com/2024/05/03/three-things-we-learned-about-apples-ai-plans-from-its-earnings/
Apple on Thursday reported a 10% drop in iPhone sales for the second fiscal quarter, dropping from $51.33 billion to $45.96 billion, year-over-year. The slowdown was fueled, in part, by an 8% dro...
https://techcrunch.com/2024/05/02/apple-earnings-see-10-iphones-sales-drop/
Tesla profits fell 55% to $1.13 billion in the first quarter from the same year-ago period as a protracted EV price-cutting strategy and “several unforeseen challenges” cut into the automake...
Bumble, a once-powerful force in online dating, is facing a reckoning. The company posted weak Q4 2023 results today showing a $32 million net loss and $273.6 million in revenue. While up from th...
https://techcrunch.com/2024/02/27/bumble-cuts-350-employees-as-dating-apps-face-a-reckoning/
Lucid Motors plans to build just 9,000 electric vehicles in 2024, only 500 to 1,000 more than it made in 2023, as it struggles with demand for its luxury sedans. If it sticks to that number, that...
https://techcrunch.com/2024/02/21/lucid-motors-2024-guidance-2023-results-gravity-suv/
Rivian is laying off 10% of its salaried workforce in a bid to cut costs in an increasingly tough market for electric vehicles, putting even more pressure on its future, more affordable EV called...
https://techcrunch.com/2024/02/21/rivian-lays-off-10-of-workforce-as-ev-pricing-pressure-mounts/
After disclosing better-than-expected financial results in its fourth-quarter earnings report, U.S.-based Coinbase has big plans. The second-largest crypto exchange told its investors that it int...
Snap is not having a good quarter. Following this week’s news that the company was laying off 10% of its workforce, amounting to hundreds of employees, the company’s stock is now crashing aft...
https://techcrunch.com/2024/02/06/following-this-weeks-layoffs-snaps-stock-tanks-30-on-q4-earnings/
Late last year, Spotify began offering 15 hours of monthly audiobook listening to its Premium subscribers in select markets, including the U.S. Now the company says the new service is the second-...
Google CEO Sudar Pichai said that the company’s Google One cloud storage service is ” just about to cross” 100 million subscribers. Speaking during Alphabet’s Q4 2023 earnings call, Picha...
Tesla’s strategy to drive sales through price cuts combined with the cost of bringing the Cybertruck into production and other R&D expenses put pressure on profits in the fourth quarter, accord...
https://techcrunch.com/2024/01/24/tesla-says-ev-sales-growth-may-be-notably-lower-in-2024/
Peer-to-peer carsharing company Getaround has filed its first earnings report since going public a year ago via a SPAC combination. The company’s third-quarter earnings report details a company...
Lyft is introducing a “more affordable sort of higher-end ride” in an attempt to offer ride-hail products that customers actually want, CEO David Risher said Wednesday during the company’s ...
https://techcrunch.com/2023/11/08/lyft-picks-comfort-over-sharing-in-bid-to-compete-with-uber/
Rocket Lab is best known for the Electron launch vehicle, but the company’s earnings results continue to show that it is much more than a rocket company. The company reported $68 million in rev...
Lyft’s strategy of slashing ride-hail fares to compete with Uber has resulted in slow and steady gains for the company, but competition remains fierce. According to Lyft’s third-quarter ear...
https://techcrunch.com/2023/11/08/lyfts-price-war-with-uber-yields-mixed-results/
Rivian continued to close the gap on losses, reduce costs and ramp up production in the third quarter with results that beat Wall Street expectations and suggested a rosier future, including rai...
https://techcrunch.com/2023/11/07/rivian-raises-production-forecast-for-2023-narrows-losses-in-q3/
The former startup darling's results can be viewed as an indication that its business model has matured and is now in a stable, profitable and cash-generating position. © 2024 TechCrunch. All ...
https://techcrunch.com/2023/11/07/ubers-q3-numbers-profitability-gains/
The most bearish thing we can summon is that Coinbase is skating atop a wave of rising interest-based incomes. © 2024 TechCrunch. All rights reserved. For personal use only.
https://techcrunch.com/2023/11/02/coinbases-q3-2023-revenue-beat-expectations/
Ford is delaying about $12 billion in planned investments on EVs, including construction of a second battery plant with joint venture partner SK On due to softening demand for higher priced premi...