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...Broadcom’s adjusted earnings of almost $5.3bn were about 5 per cent above market estimates. Broadcom shares were down 0.7 per cent in after-hours trading....
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...Microsoft shares — which have risen 7.6 per cent this year to make it the world’s most valuable company by market capitalisation — were up 4.4 per cent in after-hours trading....
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...Based on the number of shares outstanding immediately after the IPO, the price implies a market capitalisation of $5.4bn. Including options that are likely to be exercised, the value reaches $6.4bn....
...The EU’s executive arm had expressed concerns that Apple’s move to kick Epic Games from its App Store could violate the Digital Markets Act, a new law aimed at curbing the power of the biggest tech companies...
...The fall in Meta’s shares wiped billions of dollars off its market value....
...DoorDash would “continue investing aggressively” in new areas such as grocery and in international markets, as it announced a new $1.1bn share buyback....
...Reddit on Thursday unveiled a prospectus ahead of its long-delayed initial public offering, setting it up to be the first major tech group to test the strength of the US IPO market this year....
...The 2024 SVB report is clear that imports are becoming an increasingly attractive alternative, in a shrinking US wine market....
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