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May 5, 2020

EA reports Q4 revenues of $1.39B, beating expectations of $1.19B, up 12% YoY, with strong digital sales and franchise growth; stock down ~5% on weak guidance (Jeff Grubb/VentureBeat)

Jeff Grubb / VentureBeat: EA reports Q4 revenues of $1.39B, beating expectations of $1.19B, up 12% YoY, with strong digital sales and franchise growth; stock down ~5% on weak guidance  —  Electronic Arts delivered financial results today above Wall Street expectations.  The publisher generated $1.39 billion in revenues for Q4 [Read More...]

Toll Group, one of Asia Pacific’s top logistics companies with ~44,000 employees in 50+ countries, has been hit with ransomware for a second time this year (Lawrence Abrams/BleepingComputer)

Lawrence Abrams / BleepingComputer: Toll Group, one of Asia Pacific’s top logistics companies with ~44,000 employees in 50+ countries, has been hit with ransomware for a second time this year  —  The Toll Group has suffered its second ransomware cyberattack in three months, with the latest one conducted by the operators of [Read More...]

Letter from Brian Chesky to Airbnb employees says the company is laying off 1,900, or ~25% of its workforce, and expects a 2020 revenue decline of 50% YoY (Theodore Schleifer/Vox)

Theodore Schleifer / Vox: Letter from Brian Chesky to Airbnb employees says the company is laying off 1,900, or ~25% of its workforce, and expects a 2020 revenue decline of 50% YoY  —  Airbnb is laying off a quarter of its staff.  —  Airbnb, seen until recently as one of Silicon Valley’s most financially [Read More...]

Sources: Airbnb plans to lay of 1,000-2,000 employees and will curb projects related to transportation and luxury, could save $400M-$500M annually (Cory Weinberg/The Information)

Cory Weinberg / The Information: Sources: Airbnb plans to lay of 1,000-2,000 employees and will curb projects related to transportation and luxury, could save $400M-$500M annually  —  Airbnb is planning to lay off 1,900 employees, or roughly a quarter of its total work force, CEO Brian Chesky told employees Tuesday [Read More...]
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