Tech Meme

MacKenzie Sigalos / CNBC: Affirm reports Q3 revenue up 36% YoY to $783M, vs. $783M est., GMV up 36% to $8.6B, above est., and forecasts Q4 revenue below est.; AFRM drops 7%+ after hours  —  Affirm, the provider of buy now, pay later loans, gave a revenue forecast for the current quarter that trailed analysts’ estimates … Lees verder op Tech Meme

Akash Sriram / Reuters: Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., increases its share buyback program to $750M after activist pressure; LYFT jumps 6%+ after hours  —  Lyft (LYFT.O) increased its stock buyback program to $750 million and posted a 14% rise in first-quarter revenue on Thursday … Lees verder op Tech Meme

Kirsten Korosec / TechCrunch: SEC filing: Sterling Anderson, CPO and co-founder of self-driving truck startup Aurora, is resigning effective June 1, and will leave the board on August 31  —  Sterling Anderson, a veteran of the nascent autonomous vehicle sector and co-founder of Aurora, is resigning just a week … Lees verder op Tech Meme

Helene Braun / CoinDesk: Coinbase reports Q1 revenue up 24% YoY to $2B, vs. $2.1B est., trading volume up 26% YoY to $393B, and earnings per share of $0.24, vs. $1.93 est.  —  The crypto exchange cited a drop in crypto prices as a result of U.S. President Donald Trump’s tariff policy and macroeconomic uncertainty as the reason behind the weak quarter. Lees verder op Tech Meme

Samantha Subin / CNBC: Palantir’s valuation rises to $281B after its shares close up 7.85%, surpassing Salesforce and joining the top 10 largest US tech companies by market cap  —  There’s a new member in the list of the top 10 U.S. technology companies by market cap.  —  Data analytics software vendor Palantir jumped … Lees verder op Tech Meme

Jonathan Vanian / CNBC: Pinterest reports Q1 revenue up 16% YoY to $855M, vs. $847M est., MAUs up 10% to 570M, and forecasts Q2 revenue above estimates; PINS jumps 10%+ after hours  —  Pinterest shares rose 10% in extended trading Thursday after the company reported first-quarter earnings and provided better-than-expected guidance. Lees verder op Tech Meme

Chris Dolmetsch / Bloomberg: Celsius Network founder and former CEO Alex Mashinsky is sentenced to 12 years in prison after pleading guilty to commodities fraud and misleading investors  —  Alex Mashinsky, the founder of cryptocurrency lender Celsius Network, was ordered to spend 12 years in prison for defrauding hundreds … Lees verder op Tech Meme

Steven T. Dennis / Bloomberg: Senate Democrats block the Genius Act after Republicans rebuffed a provision to bar Trump and others from profiting off of crypto ventures while in office  —  Senate Democrats blocked stablecoin legislation backed by the digital assets industry amid a furor over President Donald Trump’s extensive … Lees verder op Tech Meme

Riley Griffin / Bloomberg: Robert Fergus, who co-founded FAIR with Yann LeCun in 2014, will lead Meta’s Fundamental AI Research lab, succeeding Joelle Pineau  —  Fergus co-founded the Facebook AI Research lab, known as FAIR, in 2014 with Yann LeCun, who currently serves as the chief AI scientist at Meta. Lees verder op Tech Meme

Fortune: Sources: Meta is in discussions with crypto firms to introduce stablecoins as a means to manage payouts, and has hired a VP of product with crypto experience  —  Mark Zuckerberg, CEO of Meta, speaks at a conference in September.  —  In 2019, Meta announced an audacious project … Lees verder op Tech Meme