Microsoft expects $800M charge after GM killed its robotaxi unit
Microsoft (MSFT) expects an $800 million charge from its minority stake in General Motors (GM) now shut down the robotaxi unit. The tech giant made a strategic investment in the robotaxi business to ...
WGN Radio2h
Meta donates $1 million to Trump’s inauguration fund
Meta, the parent company of Facebook and Instagram, said it has donated $1 million to President-elect Donald Trump’s inauguration fund. The donation comes just weeks after ...
Furniture Company Lovesac Stock Drops 20% After Lowered FY25 Outlook And Missed Q3 Revenue Estimates
The Lovesac Company (NASDAQ:LOVE) shares are trading lower in the premarket session on Thursday. The company reported a third ...
winbuzzer.com2h
Microsoft Loses $800M With GM Cruise Robotaxi Shutdown
Microsoft takes a financial hit as GM redirects autonomous vehicle plans from robotaxis to consumer-focused solutions.
Uber Stock Is Rebounding Day After GM Scrapped Cruise Robotaxi Program
General Motors announced the closure of its robotaxi program and sent shares of Uber a former partner, into a spiral. Uber ...
Sports Business Journal2h
SBJ Power Up: ESPN reveals first images for "Dunk the Halls" alt-cast
In this week's SBJ Tech newsletter, we highlight some forward-looking thoughts from recent C-suite hires at digital firm ...
Apple Moves Ahead In AI With New Broadcom Deal
Apple (NASDAQ:AAPL) and Broadcom (NASDAQ:AVGO) announced a new AI chip cooperation this week, which is good news for Broadcom ...
Microsoft Expects $800M Impairment Charge After GM Axes Cruise Robotaxis
Key Takeaways Microsoft said it expects to take an impairment charge of roughly $800 million after General Motors halted the ...
TweakTown4h
Microsoft expects share price drop and a $800 million fine after GM exits robotaxi business
General Motors is officially exiting the robotaxi business after investing more than $10 billion since 2016, causing ...
GM Authority5h
Microsoft Expects $800 Million Impairment Charge From GM Cruise Robotaxi Operations Shutdown
Microsoft expects an $800 million impairment charge as the result of GM's decision to end Cruise robotaxi operations, ...
Microsoft Expects $800 Million Impairment Charge Due To GM's Cruise Exit, Analyst Says It's A 'Step In The Right Direction' For Automaker
Microsoft Corp (NASDAQ: MSFT) has said that it will be recording an impairment charge of approximately $800 million in the ...
Microsoft Is Losing This Much on GM’s Robotaxi Unit Cruise
The fallout from General Motors ’ decision to move away from self-driving robotaxis is starting to spread. Microsoft said on Wednesday it would take an $800 million charge to write down its investment ...