Tag: TC
All eyes are on the next liquidity event when it comes to space startups
At the FAA’s 23rd Annual Commercial Commercial Space Transportation Conference in Washington, DC on Wednesday, a panel dedicated to the topic of trends in VC around space startups touched on public vs. private funding, the right kinds of space companies that should even be considering venture funding, and, perhaps most…
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Tesla closes Shanghai factory over coronavirus concerns
Tesla was ordered by the Chinese government to shut down its Shanghai factory over concerns about the coronavirus, a closure that will delay Model 3 production and ultimately put slight downward pressure on profits in the first quarter, the automaker’s finance chief Zach Kirkhorn said during an earnings call Wednesday.…
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NASA finds real uses for VR and AR in astronomy and engineering
Years after the advent of decent VR hardware, there are still precious few ways the technology has been employed as anything other than a game or gimmick. One team at NASA, however, has been assembling useful science and engineering applications, with promising and unique results. Studying the astronomical number of…
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Tesla shares jump on profitable quarter, Model Y production
Tesla continued its profitability streak in the fourth quarter, earning $105 million, results that beat expectations and sent shares higher in after market trading Wednesday. according to earnings reported after the market closed Wednesday. Tesla also announced Wednesday that production of the Model Y started this month, ahead of schedule.…
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Microsoft shares rise after it beats revenue, profit expectations, Azure posts 62% growth
Today Microsoft reported its fiscal 2020 second quarter (calendar Q4 2019) results, including revenue of $36.9 billion (up 14%), net income of $11.6 billion (up 38%), and diluted earnings per share of $1.51. Investors had expected the company to report profit of $1.32 per share, off revenue of $35.67 billion.…
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Facebook hits 2.5B users in Q4 but shares sink from slow profits
Facebook beat Wall Street estimates in Q4 but slowing profit growth beat up the share price. Facebook reached 2.5 billion monthly users, up 2%, from 2.45 billion in Q3 2019 when it grew 1.65%, and it now has 1.66 billion daily active users, up 2.4% from 1.62 billion last quarter…
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