Tinder logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images IAC said Wednesday it’s exploring a possible distribution of its interests in Match Group and ANGI Homeservices to its shareholders. IAC shares rose as much as 6% in after-hours trading before settling on a slight gain. In a
Earnings
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Streaming platform Roku attributed an acceleration in its total revenue growth primarily to growth in advertising as the platform’s monetized
Online real estate company Zillow said on Wednesday it lost more money in the second quarter than it lost last year as it spent heavily to boost its home segments business, sending shares down 17% in extended trading. Zillow spent $240.7 million at its home segment business in the quarter to earn revenue of $248.9
Uber shares dropped as much as 12% in extended trading Thursday after the company delivered disappointing second-quarter results. Shares remained down roughly 8% in premarket trading Friday. It was a miss on both top and bottom lines for Uber. Net losses for the ride-hailing company soared to $5.24 billion, largely owing to stock based compensation.
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks on a webcast during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Uber’s $5.2 billion second-quarter loss is big on its