Taxes

07 Aug

Shares of Bumble Tank Following Poor Annual Revenue Outlook

stp2y0 CommentsRAG modelsAmericas, Austin, BUMBLE INC-A, Cash Flow, Earnings, Executives, MATCH GROUP INC, Taxes, Technology, Wall Street, Whitney Wolfe Herd

Shares of Bumble Inc. plunged after the dating-app company slashed its annual revenue outlook. Annual revenue will grow between 1% and 2% from the previous year. The company had previously forecast growth between 8% and 11%. Wall Street was expecting an 8.4% gain, per Bloomberg-compiled estimates. Source link lol

07 Aug

Instacart Posts Sales Beat, Issues Strong Earnings Outlook

stp2y0 CommentsRAG modelsadvertising, artificial intelligence, Consumer Spending, DOORDASH INC - A, Earnings, jobs, MAPLEBEAR INC, san francisco, Taxes, Technology, UBER TECHNOLOGIES INC

Instacart posted better-than-expected sales in the second quarter, signaling that the grocery-delivery business has a strong enough user base to support its longer-term bet on advertising.Revenue gained to $823 million, far surpassing analysts’ expectations of $806 million. The value of orders placed during the quarter totaled $8.19 billion, also beating estimates. That’s even while the San Francisco firm reported that overall orders grew at a slower pace than expected. Source link lol