Adobe shares plunge 13% on disappointing revenue guidance
Adobe shares fell 13% on Thursday and headed for their steepest drop since March after the software vendor issued disappointing revenue guidance. Sales in the fiscal first quarter will be…
ServiceTitan pops to $101 in cloud software vendor’s Nasdaq debut after selling shares at $71
ServiceTitan shares popped 42% in their Nasdaq debut on Thursday after the provider of cloud software to contractors raised around $625 million in its initial public offering. The company, trading…
Texas House introduces bill to establish a strategic bitcoin reserve
Legislation was introduced in the Texas House of Representatives Thursday to establish a strategic bitcoin reserve, which could serve as a proving ground for the U.S. Treasury. The proposed bill…
Venture capitalists bet on Sublime, a startup bringing AI to email security
Across the world, companies rely on Microsoft and Google to administer email accounts for employees. Keeping all those mailboxes secure, however, is a business opportunity. Proofpoint went public in 2012,…
ServiceTitan prices IPO at $71, above expected range, after slow stretch for tech offerings
ServiceTitan, a provider of cloud software to contractors, priced its IPO at $71 a share on Wednesday, above the expected range. The company is set to debut on the Nasdaq…
OpenAI says ChatGPT suffers outage, company working on fix
OpenAI said Wednesday it was working to fix an outage after its popular ChatGPT assistant and Sora video generator were left inaccessible. “We have identified the issue and are working…
Alphabet and Tesla reach fresh records, joining Amazon and Meta and pushing Nasdaq past 20,000
Alphabet and Tesla climbed to fresh records on Wednesday, closing at all-time highs alongside Amazon and Meta as the tech megacaps lifted the Nasdaq past 20,000 for the first time.…
Facebook, Instagram and other Meta apps go down due to ‘technical issue’
Meta’s family of apps including Facebook and Instagram were down on Wednesday, resulting in users being unable to access the services. The widespread outages began around 9:57 a.m. PST and…
Google releases the first of its Gemini 2.0 AI models
Google released the first version of its Gemini 2.0 family of artificial intelligence models on Wednesday. Gemini 2.0 Flash, as the model is called, is available in a chat version…
Cryptocurrencies rally, with bitcoin retaking $100,000 following November inflation data
The crypto market jumped Wednesday, following two days of digestion after bitcoin rallied to $100,000 for the first time ever last week. The price of the flagship cryptocurrency was last…