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When Sheryl Sandberg first joined Facebook in 2008, she was often referred to as the “adult in the room” that could help co-founder and Chief Executive Mark Zuckerberg, then just 24 years old, turn it into a company Wall Street could trust. Nearly a decade-and-a-half later, Sandberg announced her impending departure Wednesday after fulfilling that … Read more
It’s becoming quite clear that Elon Musk no longer wants to buy Twitter Inc., at least not at the price he negotiated. But Twitter should not walk away without at least $1 billion — and potentially much more — for the trouble. Musk’s bid for Twitter TWTR, +2.49% has become one of the strangest M&A … Read more
Shares of Affirm Holdings Inc. surged in after-hours trading Thursday after the buy-now pay-later company delivered a revenue beat and sought to reassure investors about its positioning in a downturn. Revenue at Affirm AFRM, +23.31% increased to $354.8 million in the fiscal third quarter from from $231 million a year before, while analysts had been … Read more
I have been in my current relationship for almost three years. I’m a young woman, 41, have a great, stable career and make about $100,000 a year. I am ambitious and my prospects have me increasing my income by $10,000 every year. I have about $140,000 in savings, and no debt. I am close to … Read more
U.S. stocks fell sharply on Friday to suffer their biggest one-day drop since 2020, as investors continued to weigh hawkish comments on interest rates a day earlier by Federal Reserve Chairman Jerome Powell, as well as a fresh batch of corporate earnings that largely disappointed. How did stocks trade? The Dow Jones Industrial Average DJIA, … Read more
Shares of Carvana Co. were bouncing back in after-hours trading Wednesday after the used-car retailer admitted that both industry-wide and company-specific issues impacted its business in the first quarter but said that it had plans to address its challenges. Carvana CVNA, -9.11% noted in its letter to shareholders that the omicron variant and used-car prices … Read more
After an unprecedented downturn in subscriber growth in the first quarter, Netflix executives are eyeing the millions of people using other subscribers’ accounts as a way to reverse the streaming service’s current trajectory. Netflix NFLX, +3.18% executives said Tuesday that the service lost 200,000 paid subscribers on a net basis in the quarter, the first … Read more
Dear Quentin, My husband of seven years owns a home in Minnesota and has a mortgage. I own a home in Florida with no mortgage. We have no savings or retirement accounts. Should I pull my equity from my home in Florida to start a savings account for us? I’m working and my husband is … Read more
Shares of fuboTV Inc. were off 1% in after-hours trading Wednesday after the streaming company delivered revenue ahead of what it had been expecting when it delivered preliminary results a month earlier but also issued a mixed outlook. The company reported a fourth-quarter net loss of $112.0 million, or 76 cents a share, compared with … Read more
Three months after a home-flipping initiative imploded in an embarrassing public display, Zillow Group Inc. reported record revenue from selling the underwater homes Thursday, sending shares surging. Zillow Z, -1.75% ZG, -1.26% shares rose between 15% and 20% in after-hours trading Thursday, when executives revealed fiscal fourth-quarter revenue approaching $4 billion, more than the company … Read more