Supantha Mukherjee

Spotify Results Beat Expectations, Shuts Down Car Thing

Spotify reported second-quarter revenue above analysts' estimates on Wednesday helped by a 14% jump in paying subscribers, and forecast an upbeat current quarter although it will stop production of its dashboard accessory, Car Thing.

Samsung Signs Deal With Dish For 5G Radios, Phones

Samsung has signed a multi-year deal to sell equipment to Dish for its upcoming 5G network in the United States, one of the largest radio deals for the South Korean company since its major Verizon contract in 2020.

Nokia To Stop Doing Business In Russia

Telecoms equipment maker Nokia is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson, which said on Monday it was indefinitely suspending its business in the country.

Weak Amazon, Alphabet Results Ignite Growth Worries

Shares of Inc. dropped by the most in four years on Friday after its outlook for holiday season sales missed targets, fanning concerns that Wall Street’s tech darlings are finally starting to face stronger competition.

Tesla Forms Three-Member Panel To Look At Any Musk Deal

Tesla Inc.’s board named a special committee of three directors on Tuesday which will evaluate Elon Musk’s proposals to take the company private, although it said it was yet to see a firm offer from the company’s chief executive.