Strong Quarter, Heartless Cuts: GitLab Slashes Workforce and Exits 22 Countries
GitLab cuts 350 jobs, exits countries, and restructures to focus on AI-driven software and automation growth.
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GameStop Delivers Best Quarter in Company History with $390M Profit and $2B Buyback
GameStop reports record Q1 2026 net income of $389.6 million and approves a $2 billion share repurchase program. Sales up 14% to $835M, driven by collectibles.
PANW Jumps After Record Q3: Revenue Up 31%, Raises 2026 Outlook
Palo Alto beat expectations with strong growth, boosted outlook, and rising AI security demand, sending shares sharply higher.
SPCE Plunges After Announcing New Share Sale to Pay Off Debt
Virgin Galactic plunged 39% in its worst day ever after announcing new shares to repay $30.5M debt.
Pulte’s Dual Role Puts Fannie-Freddie IPO Plans on Hold
Fannie Mae and Freddie Mac shares fell after Trump named Bill Pulte as acting Director of National Intelligence. His new dual role delays expected IPO plans for the mortgage giants.
Shake Shack Cuts Revenue and Profit Outlook for Q2 and Full Year 2026
Shake Shack lowered its Q2 2026 revenue outlook to $415M–$420M and same-shack sales growth to 2.5%–3% amid economic pressure and competition. Full-year profit targets also trimmed.