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30/10/2026
Amazon (AMZN.O): We still expect cash capital expenditures of approximately $220 billion in 2026.
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8 m ago
Social forum platform Reddit (RDDT.N) said it plans to shift the user experience toward a login-account-centric model to boost user engagement and improve the advertising business that continues to drive the company's steady performance growth. Reddit CEO Steve Huffman announced on Thursday that the company will eventually limit the range of content accessible to unregistered users on the platform. Reddit plans to begin testing different approaches in markets outside the United States in the fourth quarter. This strategy marks a major shift for Reddit. For the past 20 years, the company has allowed users to browse its forums without registering an account. Chief Operating Officer Jen Wong acknowledged on Thursday that the move may limit the platform's reach in the short term, but in the long run it will bring more growth opportunities. Reddit forecast on Thursday that quarterly sales will exceed $1 billion for the first time. However, although the company expects fourth-quarter revenue of $1 billion to $1.03 billion, this outlook is below the Wall Street average estimate of $1.05 billion.
11 m ago
The Dow closed down 0.25%, the Nasdaq fell 1.38%, and the S&P 500 dropped 0.3%. Among the stocks with the highest trading volume, Google-A fell 12.64%, Microsoft dipped 0.16%, Micron Technology dropped 4.98%, and Meta Platforms rose 1.96%.
13 m ago
SanDisk first-quarter data center business revenue was $4.8 billion.
13 m ago
Amazon (AMZN.O) spent more than $77 billion on property and equipment in the third quarter, far exceeding analyst expectations. The company is continuing to push forward with data center construction to meet growing demand for artificial intelligence services. This spending resulted in negative free cash flow of $42.4 billion for the company. Amazon also reported that revenue grew 12% year over year to $201.9 billion. Although sales growth at its cloud computing unit Amazon Web Services (AWS) accelerated for the sixth consecutive quarter, signs of sluggish growth in its core online business are also beginning to emerge. Amazon also expanded its data center scale, enhancing its ability to provide computing power to enterprise customers. Amazon said in July that, affected by tight supply of memory chips limiting availability, the company's capital expenditure in 2026 could reach $220 billion, higher than previously forecast.
14 m ago
Starbucks shares fell 0.48% after hours to $105, following the company's release of its earnings and outlook.
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