Jonathan Wong
The Latest
-
Snap Shares Plunge 30% Amid Disappointing Profits and Massive Layoffs
Snap's revenue for the fourth quarter of last year fell short of expectations, and the guidance for losses in the first quarter of 2024 significantly exceeded analysts' forecasts, due to the ongoing downturn in the digital advertising market. 
Snap's revenue for the fourth quarter of last year fell short of expectations, and the guidance for losses in the first quarter of 2024 significantly exceeded analysts' forecasts, due to the ongoing downturn in the digital advertising market. -
WeWork's Stock Surges Amid Acquisition Talks with Founder Adam Neumann
Adam Neumann, the ousted founder of WeWork, is reportedly seeking external funds to acquire the company and pull it out of bankruptcy. The potential financial backers include prominent Wall Street figures like Dan Loeb's hedge fund Third Point among others, a development that led to WeWork's stock doubling on February 6. 
Adam Neumann, the ousted founder of WeWork, is reportedly seeking external funds to acquire the company and pull it out of bankruptcy. The potential financial backers include prominent Wall Street figures like Dan Loeb's hedge fund Third Point among others, a development that led to WeWork's stock doubling on February 6. -
NTSB Cites Missing Bolts in Alaska Airlines Boeing 737 Max 9 Door Failure Incident
The National Transportation Safety Board (NTSB) has identified missing bolts as the cause of a door plug detachment on an Alaska Airlines Boeing 737 Max 9, shedding light on a harrowing mid-air incident that prompted an emergency landing. 
The National Transportation Safety Board (NTSB) has identified missing bolts as the cause of a door plug detachment on an Alaska Airlines Boeing 737 Max 9, shedding light on a harrowing mid-air incident that prompted an emergency landing. -
Tesla Shares Plummet Amid Corporate Fleet Challenges and Market Pressures
Tesla's stock price has been under significant pressure recently, experiencing a sharp decline of approximately 7% during trading hours, contributing to a cumulative drop of 30% since the beginning of the year. 
Tesla's stock price has been under significant pressure recently, experiencing a sharp decline of approximately 7% during trading hours, contributing to a cumulative drop of 30% since the beginning of the year. -
Snap to Lay Off 530 employees, 10% of Global Workforce
Snap Inc., the parent company of the popular social media platform Snapchat, announced it will be reducing its global workforce by 10%, equating to approximately 530 employees. Snap Inc., the parent company of the popular social media platform Snapchat, announced it will be reducing its global workforce by 10%, equating to approximately 530 employees. -
Boeing Faces New Setback with 737 Fuselage Flaws, Delivery Delays Loom
Boeing has encountered a manufacturing issue with the fuselages of its 737 jets, potentially impacting the delivery timeline for approximately 50 aircraft. 
Boeing has encountered a manufacturing issue with the fuselages of its 737 jets, potentially impacting the delivery timeline for approximately 50 aircraft. -
McDonald's Quarterly Sales Impacted by Middle East Turmoil, Misses Revenue Expectations
McDonald's Corp. experienced a mixed financial quarter, with its revenue falling short of expectations due to the impact of ongoing conflict in the Middle East on its operations in the region. 
McDonald's Corp. experienced a mixed financial quarter, with its revenue falling short of expectations due to the impact of ongoing conflict in the Middle East on its operations in the region. -
Tesla Initiates Recall to Update 2.2 Million Vehicles After Font Size Flaw Detected
Tesla Inc. is initiating a recall for 2.2 million vehicles across the United States due to an issue identified with the font size of the warning lights on the vehicle's display, which federal safety regulators have deemed too small to ensure safe driving. 
Tesla Inc. is initiating a recall for 2.2 million vehicles across the United States due to an issue identified with the font size of the warning lights on the vehicle's display, which federal safety regulators have deemed too small to ensure safe driving. -
Meta's Stock Jumps 20% with Surprising Dividend Announcement
Meta Platforms Inc., the parent company of Facebook, experienced a significant surge in its stock value following a triumphant fourth-quarter earnings report that exceeded Wall Street expectations. 
Meta Platforms Inc., the parent company of Facebook, experienced a significant surge in its stock value following a triumphant fourth-quarter earnings report that exceeded Wall Street expectations. -
Amazon Surpasses Forecasts with 14% Revenue Increase and AI Expansion
Amazon reported a stellar end to its fiscal year, surpassing Wall Street's forecasts with a 14% jump in revenue, reflecting robust performance across its cloud and e-commerce divisions, further buoyed by innovative generative AI features. The company's shares experienced an 8% surge in after-hours trading as the tech giant laid out an optimistic outlook for the forthcoming quarter. 
Amazon reported a stellar end to its fiscal year, surpassing Wall Street's forecasts with a 14% jump in revenue, reflecting robust performance across its cloud and e-commerce divisions, further buoyed by innovative generative AI features. The company's shares experienced an 8% surge in after-hours trading as the tech giant laid out an optimistic outlook for the forthcoming quarter.
