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Uber reported third quarter results on Wednesday, topping Wall Street's estimates, but rising costs and weakness in the Middle East market are expected to hit Q4 performance. 🚕 Uber forecasted for Q4 an adjusted EPS of $0.95 to $0.99, which is below estimates of $1.06. #uber #earningscheck #tech #robotaxis
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Floppy disks were neither floppy nor disk-shaped. 💾 🤔 As part of Yahoo’s Scroll Time Out project, we asked kids to review the forgotten gadgets that eventually became part of smartphones everywhere. In this round, they're passing judgment on two relics from the age of physical media. Be honest: Have you ever seen a LaserDisc IRL?
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Marvell will acquire Lumentum in a deal valued at $115 billion. 💵 The transaction would be the largest merger between two publicly traded companies on record. Lumentum shareholders will get 4.5 shares of Marvell stock for every Lumentum share they own. The agreement generates an enterprise value of approximately $115 billion, or $1,132 per share, a 23.9% premium over Lumentum's Oct. 28 closing share price. #marvell #lumentum #ai
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