Coty Makes $600M Beauty Bet on Kylie Jenner
The ailing beauty company is buying a majority stake in startup Kylie Cosmetics as it seeks to appeal to a younger demographic.
Twitter Shares Jump 15% on Monthly User Surge
“Twitter is on a path to sustainable revenue growth and accelerated profit expansion," one analyst says.
Pinterest Prices IPO to Raise More Than $1.2B
The conservative pricing raises "questions about investor demand for prominent but unprofitable technology companies."
Zoom vs. Pinterest: How the IPOs Stack Up
Which offering will institutional and individual investors find the most attractive?
Ford Names Ex-Amazon Exec Tim Stone as CFO
The appointment of Stone to replace Bob Shanks "demonstrates Ford’s continuing transformation to a new age auto company."
U.K. Committee: Facebook ‘Intentionally and Knowingly’ Broke Laws
"Companies like Facebook should not be allowed to behave like 'digital gangsters' in the online world," said a report from U.K. lawmakers.
CFO Stone Leaving Snap After Only 8 Months
While Snap's financials improved slightly during Tim Stone's short tenure, the company's share price continued to ebb.
Facebook Beats on Earnings, Raises Outlook
The company is now expecting revenue growth to slow by a “mid-to-high single-digit percentage” in the fourth quarter after a 33.5% gain in Q3.
Facebook Shares Dive on Revenue Weakness
“We expect our revenue growth rates to decline by high-single-digit percentages from prior quarters sequentially in both Q3 and Q4,” CFO David Wehner says.
Twitter Posts Second Straight Quarterly Profit
"The monetization and ad growth machine at Twitter is finally heading in the right direction," one analyst says of the Q1 results.
Twitter May Be Headed for First Profit in Q4
The company's shares jump more than 18% as Q3 earnings top estimates and it forecasts "we will likely be GAAP profitable" in the next quarter.