Journals

Reuters: Sources: cloud storage service Egnyte has hired underwriters for a US IPO as early as this year that could value it at $3B+; Egnyte was valued at $460M in 2018  —  Cloud storage service Egnyte has hired underwriters for… Read More »Sources: cloud storage service Egnyte has hired underwriters for a US IPO as early as this year that could value it at $3B+; Egnyte was valued at $460M in 2018 (Reuters)

Leo Schwartz / Fortune: Gemini agrees to return over $1B to customers and pay a $37M fine in a settlement with the New York Department of Financial Services related to Gemini Earn  —  The New York Department of Financial Services… Read More »Gemini agrees to return over $1B to customers and pay a $37M fine in a settlement with the New York Department of Financial Services related to Gemini Earn (Leo Schwartz/Fortune)

Reuters: HP reports Q1 revenue down 4.4% YoY to $13.19B, vs. $13.56B est., Personal Systems revenue down 4% YoY to $8.8B, and Printing revenue down 5% YoY to $4.4B  —  HP Inc (HPQ.N) missed Wall Street estimates for first-quarter revenue… Read More »HP reports Q1 revenue down 4.4% YoY to $13.19B, vs. $13.56B est., Personal Systems revenue down 4% YoY to $8.8B, and Printing revenue down 5% YoY to $4.4B (Reuters)

Jonathan Vanian / CNBC: Snowflake says that CEO Frank Slootman is retiring, and reports Q4 revenue up 32% YoY to $774.7M and Q1 product revenue guidance below est.; SNOW drops 23%+  —  – Snowflake said that CEO Frank Slootman is… Read More »Snowflake says that CEO Frank Slootman is retiring, and reports Q4 revenue up 32% YoY to $774.7M and Q1 product revenue guidance below est.; SNOW drops 23%+ (Jonathan Vanian/CNBC)

Jon Swartz / MarketWatch: Salesforce reports Q4 revenue up 11% YoY to $9.29B, vs. $9.2B est., FY 2025 revenue guidance below est., and announces a $10B increase in its share buyback plan  —  Software giant also announces dividend, share buyback … Read More »Salesforce reports Q4 revenue up 11% YoY to $9.29B, vs. $9.2B est., FY 2025 revenue guidance below est., and announces a $10B increase in its share buyback plan (Jon Swartz/MarketWatch)

Alex Koller / CNBC: EA plans to cut 5% of its workforce, part of a plan that includes reducing office space and sunsetting some games; EA employed 13,400 workers as of March 2023  —  – EA announced Wednesday that it… Read More »EA plans to cut 5% of its workforce, part of a plan that includes reducing office space and sunsetting some games; EA employed 13,400 workers as of March 2023 (Alex Koller/CNBC)

Yiwen Lu / New York Times: Raw Story, AlterNet, and, in a separate case, The Intercept sue OpenAI in a NY federal court for copyright infringement; The Intercept is also suing Microsoft  —  Raw Story, AlterNet and The Intercept sued… Read More »Raw Story, AlterNet, and, in a separate case, The Intercept sue OpenAI in a NY federal court for copyright infringement; The Intercept is also suing Microsoft (Yiwen Lu/New York Times)

Mehtab Ansari / Smartprix: Alleged renders of Samsung’s Galaxy Z Fold 6 show a boxy frame, flat sides, and dimensions that make it slightly shorter and wider than its predecessor  —  The Galaxy Z Fold 6, leaks and rumors about… Read More »Alleged renders of Samsung’s Galaxy Z Fold 6 show a boxy frame, flat sides, and dimensions that make it slightly shorter and wider than its predecessor (Mehtab Ansari/Smartprix)

Reuters: Sources: Fiserv and Amadeus are the two main contenders to acquire Shift4 Payments, which provides payment processing services and has a market value of $6.5B  —  Fiserv (FI.N) and Amadeus IT Group (AMA.MC) are competing to acquire Shift4 Payments… Read More »Sources: Fiserv and Amadeus are the two main contenders to acquire Shift4 Payments, which provides payment processing services and has a market value of $6.5B (Reuters)

Dara Kerr / NPR: Salesforce CEO Marc Benioff tells a reporter, who is looking into his Hawaii land acquisition, that he knows where she is staying and her personal details  —  WAIMEA, Hawaii — A life-size bronze statue of a… Read More »Salesforce CEO Marc Benioff tells a reporter, who is looking into his Hawaii land acquisition, that he knows where she is staying and her personal details (Dara Kerr/NPR)