Shares of Twitter plunged Tuesday morning after news that COO Anthony Noto is leaving his post to take over as the top dog at fintech start-up SoFi. Plus shares of Adobe rise on a raised forecast, thanks in part to the Trump tax cuts.
We also break down Netflix earnings, which were out after the bell on Monday. The company added 2 million more subscribers than expected, sending the stock soaring and pushing its market cap above $100 billion for the first time.
And Xerox is in New York to take part in a security summit. We speak with the company's executive vice president and chief commercial officer about what it's doing to protect itself from cyber attacks.
Plus Tesla CEO Elon Musk has a new compensation package. We talk about how you might want to trade the stock if it keeps rising.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
