U.S. sues Adobe over subscription plan disclosures
The government said Adobe failed to adequately disclose hefty early termination fees when customers sign up for "annual, paid monthly"
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Enterprise
Adobe shares soar 15% on better-than-expected results
Adobe reported results on Thursday that sailed past analysts' estimates. Source link
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Databricks tells investors annualized revenue will reach $2.4 billion at midway point of year
Databricks says it's signing up more big customers, and existing clients are spending more. Source link
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Oracle shares jump on Google and OpenAI deals despite earnings miss
Oracle is allocating capital for data center construction to meet demand from OpenAI, and it's bringing its trademark database to
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Computing firm Raspberry Pi to raise $211 million in rare London tech IPO
Raspberry Pi, which makes tiny single-board computers priced its shares at 280 pence each for its London IPO. Source link
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CrowdStrike rallies to record on cybersecurity company’s inclusion in S&P 500
CrowdStrike is joining the S&P 500, replacing Comerica, effective June 24. Source link
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Microsoft confirms layoffs in mixed reality but will keep selling HoloLens 2 headsets
Microsoft is investing billions to put in place graphics processing units for generative artificial intelligence. It's slowing investment in other
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Software stocks got pummeled this week after a cluster of troubling earnings reports
Weak guidance was a major theme in software company earnings reports this week, leading investors to rush for the exits.
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Shares of Dell fall 18% as AI servers are sold at ‘near-zero margins’
Dell's stock tumbled Friday, despite a beat on top and bottom lines on Thursday. Source link
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