Lyft reports Q1 revenue up 14% YoY to $1.45B, vs. $1.47B est., increases its share buyback program to $750M after activist pressure; LYFT jumps 6%+ after hours (Akash Sriram/Reuters) May 8, 2025 by appcompact
Affirm reports Q3 revenue up 36% YoY to $783M, vs. $783M est., GMV up 36% to $8.6B, above est., and forecasts Q4 revenue below est.; AFRM drops 7%+ after hours (MacKenzie Sigalos/CNBC) May 8, 2025 by appcompact
Palantir's valuation rises to $281B after its shares close up 7.85%, surpassing Salesforce and joining the top 10 largest US tech companies by market cap (Samantha Subin/CNBC) May 8, 2025 by appcompact
Pinterest reports Q1 revenue up 16% YoY to $855M, vs. $847M est., MAUs up 10% to 570M, and forecasts Q2 revenue above estimates; PINS jumps 10%+ after hours (Jonathan Vanian/CNBC) May 8, 2025 by appcompact
Celsius Network founder and former CEO Alex Mashinsky is sentenced to 12 years in prison after pleading guilty to commodities fraud and misleading investors (Chris Dolmetsch/Bloomberg) May 8, 2025 by appcompact
Memo: the US CFPB discontinues its order designating the supervision of Google Payment, says the Biden-era decision is an "unwarranted use" of its powers (Paige Smith/Bloomberg) May 8, 2025 by appcompact
Sources: Meta is in discussions with crypto firms to introduce stablecoins as a means to manage payouts, and has hired a VP of product with crypto experience (Fortune) May 8, 2025 by appcompact
Senate Democrats block the Genius Act after Republicans rebuffed a provision to bar Trump and others from profiting off of crypto ventures while in office (Steven T. Dennis/Bloomberg) May 8, 2025 by appcompact
Meta says it will start testing video ads on Threads with a "small number" of advertisers, and "Reels trending ads", which will be shown next to trending Reels (Sarah Perez/TechCrunch) May 8, 2025 by appcompact
The Wikimedia Foundation says it is taking legal action to challenge the UK's Online Safety Act, saying it could threaten the safety of its volunteer editors (Chris Vallance/BBC) May 8, 2025 by appcompact