Shopify sells 6 River Systems to new owner

Shopify last week announced that it would be the latest big tech firm to undergo mass layoffs. The company is cutting 20% of its 11,600-person staff. The news arrived during earnings that beat Wall Street expectations, shooting its stock price up as a result. Also included in the announcement was news that the Canadian e-commerce…

Shopify sells 6 River Systems to new owner

Shopify last week announced that it would be the latest big tech firm to undergo mass layoffs. The company is cutting 20% of its 11,600-person staff. The news arrived during earnings that beat Wall Street expectations, shooting its stock price up as a result. Also included in the announcement was news that the Canadian e-commerce…

EV maker Lucid misses on revenue, earnings in Q1

Lucid’s first-quarter results showed a company with widening losses and revenue that failed to meet Wall Street expectations, results that sent shares tumbling as investors worried about demand for its luxury all-electric Air sedan. Lucid Group’s shares dropped more than 9% in after-hours trading as investors reacted to the dismal first-quarter earnings. Shares have since…

EV maker Lucid misses on revenue, earnings in Q1

Lucid’s first-quarter results showed a company with widening losses and revenue that failed to meet Wall Street expectations, results that sent shares tumbling as investors worried about demand for its luxury all-electric Air sedan. Lucid Group’s shares dropped more than 9% in after-hours trading as investors reacted to the dismal first-quarter earnings. Shares have since…

EV maker Lucid misses on revenue, earnings in Q1

Lucid’s first-quarter results showed a company with widening losses and revenue that failed to meet Wall Street expectations, results that sent shares tumbling as investors worried about demand for its luxury all-electric Air sedan. Lucid Group’s shares dropped more than 9% in after-hours trading as investors reacted to the dismal first-quarter earnings. Shares have since…