Intel stock surges despite internal turnaround challenges
Intel’s stock has surged 490% over the past year, though Wall Street’s optimism may be running ahead of the chipmaker’s actual manufacturing turnaround.
Sections
Markets & Business
390 storiesCloudflare cuts 20% of staff citing AI productivity gains
Cloudflare is cutting approximately 20% of its global workforce, citing AI-driven productivity gains, even as the company reports record quarterly revenue of $639.8 million.
Porsche to close three subsidiaries in strategic overhaul
Porsche is closing three subsidiaries and cutting more than 500 jobs as part of a strategic realignment to address declining sales and profits in key markets.
Truecaller to cut 15% of workforce amid revenue decline
Truecaller will cut roughly 15% of its workforce after a 27% drop in Q1 net sales, driven by regulatory shifts in India and changes to advertising algorithms.
Lime files for IPO to address debt load
Uber-backed micromobility company Lime has filed for an IPO on the Nasdaq, citing a need to raise funds to address significant debt and liquidity challenges.
Airbnb says AI now writes 60% of its new code
Airbnb reported 18% revenue growth in Q1 2026, while noting that AI now writes 60% of its new code and handles 40% of customer support issues.
Gusto hits $1 billion in revenue as IPO speculation continues
Gusto has surpassed $1 billion in revenue and remains cash flow positive, though a public debut in 2026 appears iffy given current market conditions.
Robinhood’s venture fund opens private market access to retail
Robinhood’s new Ventures Fund I, launched in March, allows retail investors to access private tech companies without accreditation requirements or traditional venture capital carry fees.
Match Group slows hiring to fund AI push
Match Group is slowing hiring to fund AI tool adoption while pivoting toward IRL events to combat declining user engagement and stagnant growth in its dating apps.
Samsung hits $1 trillion valuation on AI chip demand
Samsung reached a $1 trillion valuation, becoming the second Asian company to hit the milestone, as AI-driven chip demand fuels a share price surge of more than 10%.
Bumble reports user decline as it pivots to quality
Bumble reported a 21.1% decline in paying users to 3.2 million, framing the drop as a deliberate reset while preparing for an AI-powered product overhaul expected in Q4.
Lucid Motors withdraws annual production guidance
Lucid Motors is no longer certain about its annual production guidance, citing a leadership transition and inventory management challenges following a temporary stop-sale of its Gravity SUV.
Volkswagen becomes Rivian’s largest shareholder
Volkswagen has overtaken Amazon as Rivian’s largest shareholder, holding a 15.9% stake as part of a $5.8 billion joint venture focused on vehicle software.
PayPal to cut 20% of staff in AI-focused restructuring
PayPal is launching an AI-powered restructuring plan, aiming for at least $1.5 billion in cost savings while cutting around 20% of its workforce over three years.
Coinbase to cut 14% of staff in restructuring push
Coinbase is laying off about 700 employees, or 14% of its staff, as part of a broader restructuring to improve efficiency through AI and organizational flattening.
Fervo Energy targets $1.3 billion IPO as AI demand boosts geothermal
Geothermal startup Fervo Energy hopes to raise up to $1.3 billion in an IPO, which would value the company at up to $6.5 billion amid surging AI-driven energy demand.
AI chipmaker Cerebras targets $26.6 billion valuation in IPO
Cerebras is preparing to sell 28 million shares in an IPO that would raise $3.5 billion and give the company a $26.6 billion market cap at the high end.
TechCrunch launches BOGO ticket promotion for Disrupt 2026
TechCrunch is offering a buy-one-get-one 50% off promotion for Disrupt 2026 passes, valid until May 8 at 11:59 p.m. PT.
Spirit Airlines shuts down as viral campaign seeks to buy carrier
After Spirit Airlines abruptly ceased operations and terminated 17,000 employees, a TikToker launched a viral, non-binding campaign to crowdfund the carrier's acquisition.
Reddit search usage jumps 30% as platform eyes billion-user goal
Reddit beat Q1 2026 revenue expectations with $663 million, fueled by a 30% year-on-year jump in weekly search users and significant growth in daily active users.