Palantir Posts 49% Growth in Revenue, US Commercial Revenue Soars 90% YoY
Palantir Technologies Inc. posted a Q2 jump in total revenues by 49% YoY to $376 million, driven by higher US commercial revenue, according to a report by Palantir on Thursday....
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Baidu’s Q2 Revenue Increased 27%, Backed by Cloud Business
Baidu Inc. reported its core revenue in the second quarter rose by 27% from last year, driven by a 71% increase of AI cloud services, according to a report by...
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NIO Posts Record-High Quarterly Delivery of 21,896 Vehicles, Net Loss Drops 50%
NIO Inc., a leading company in the electric vehicle market in China, posted a 111.9% increase in deliveries of vehicles in Q2 this year, according to a report by NIO...
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eBay Posts 14% Jump in Revenue to $2.7 Billion as Operating Margin Drops
eBay Inc’s second-quarter revenue was $2.7 billion, up 14% on a reported basis and up 11% on a foreign exchange basis, according to a report by eBay on Wednesday. The...
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South Korean eCommerce Giant Coupang Posts Q2 Revenue Growth of 71%
Coupang Inc. posted $4.5 billion in second-quarter revenue, a 71% year-over-year increase, according to a report by Coupang on Wednesday. Active customers increased by 26% to 17 million, and revenue...
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Chinese Insurance Watchdog to Intensify Crackdown on Online Insurance Platforms
China’s insurance regulator is stepping up scrutiny of the insurance technology firms widening a crackdown, according to a report by Bloomberg on Wednesday. The watchdog ordered companies and local agencies...
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Upstart Upgrades 2021 Guidance. Second Quarter Revenue Up Over 1,000%
Artificial intelligence lending platform Upstart Holdings Inc. hiked its earnings guidance for 2021 after recording over 1,000% growth in its revenue for the second quarter, the company announced in a...
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Wix.com Posts Second-Quarter Loss, Hurt by Uncertainty of Pandemic
Wix.com reported a less-than-expected quarterly net loss, compared with a loss of 26 cents a year earlier, according to a news release by Wix on Wednesday. Revenue grew by 34%...
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Canadian Pacific Hikes Offer for Kansas City Southern
Canadian Pacific Railway Ltd. has hiked its offer for the Kansas City Southern by about $2 billion, Reuters reported. Canadian Pacific Railway’s updated offer stands at $27 billion, up from...
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Robinhood Acquires Say Technologies for $140M to Improve Shareholder Relations
Robinhood Markets Inc. agreed to acquire Say Technologies, a tool for shareholder voting and communication, according to a report by Bloomberg on Tuesday. The close to $140 million all-cash agreement...
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GreenLight Biosciences Takes Up $1.5 Billion SPAC Deal to Go Public
Integrated life sciences firm GreenLight Biosciences will merge with special-purpose acquisition company Environmental Impact Acquisition Corp. to go public in a $1.5 billion deal, the WSJ reported. Under the deal,...
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Tencent-backed Gamemaker Krafton’s IPO Is a Miss with Investors, 8.8% Down on its Debut
Krafton Inc., creator of hit video games PUBG: Battlegrounds dropped in its Tuesday debt after pulling off a $3.8 billion initial public offering, South Korea’s biggest in 10 years, according...
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