Mark Zuckerberg Dismisses Calls To Break Up Facebook

Facebook CEO Mark Zuckerberg on Thursday rebuffed calls for the company to be broken up over competition concerns, disputing claims the firm has grown too dominant. From a report: During a call with reporters, Zuckerberg was pressed to address recent calls from Democratic officials and one Facebook co-founder for federal regulators to force the company to spin off WhatsApp and Instagram, previously acquired in two blockbuster deals. “I think it…

May 23, 2019
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Splunk adds 400 enterprise customers in Q1, ups outlook

Splunk reported a strong fiscal first quarter and raised its outlook as it continues to gain enterprise wallet share. The company reported a first quarter net loss of $155.4 million, or $1.04 a share, on revenue of $484.85 million, up 36 percent from a year ago. Splunk’s non-GAAP earnings were 2 cents a share. Wall Street was looking for a first quarter non-GAAP loss of 14 cents a share on…

May 23, 2019
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HP’s Q2 revenue remains flat with drop in PC units and printers sold

HP published its second quarter financial report on Thursday, with results slightly above market expectations. Revenue in Q2 remained effectively flat year-over-year, even as unit sales declined in both the personal systems and printer segments. Q2 non-GAAP earnings were 53 cents per share on revenue of $14 billion. Analysts were expecting earnings of 51 cents per share on revenue of $13.97 billion. “We delivered solid Q2 financial results, with strong…

May 23, 2019
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