Business

Spotify posts rare profit, shares tumble on timid user growth

Spotify posted on Wednesdaya rare net profit in the first quarter and a sharp increase in paid subscribers as the music streaming giant launched in dozens of new markets, but disappointing total users sent shares tumbling.

Business

Toshiba to weigh buyout offer from UK fund

Toshiba is considering a buyout offer from a British private equity fund, it said Wednesday, with reports suggesting the deal could be worth about $20 billion.

Business

GameStop finally announces a share sale

Two months after a market phenomenon took shares of GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares with the price still vastly elevated.

Business

US moves toward banning more Chinese telecoms carriers: FCC

Regulators have begun legal proceedings that could strip three Chinese state-owned telecommunications companies of their right to operate in the United States, officials said Wednesday, citing national security concerns.

Business

Video game platform Roblox to make Wall Street debut

Gaming platform Roblox—which has skyrocketed in popularity among kids and teens during the coronavirus pandemic—will make its Wall Street debut Wednesday as a direct listing.

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