Tootfinder

Block says it is laying off more than 4,000 of its 10,000 employees; XYZ jumps 19% in extended trading (Annie Palmer/CNBC)
https://www.cnbc.com/2026/02/26/block-laying-off-about-4000-employees-nearly-half-of-its-workforce.html

Block shares soar 24% as company slashes workforce by nearly half
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.

Nvidia stock is down 4% , as investor concerns around the AI infrastructure boom dampen enthusiasm about the chipmaker's better-than-expected earnings (Kai Nicol-Schwarz/CNBC)
https://www.cnbc.com/2026/02/26/nvidia-nvda-stock-price-q4-earnings.html

Nvidia stock sinks after better-than-expected results. Here's the latest
Better-than-expected results drew a muted investor response as AI bubble concerns remain

Netflix is walking away from a deal to buy WBD's studio and streaming assets after the WBD board deemed a revised bid by Paramount Skydance to be superior (CNBC)
https://www.cnbc.com/2026/02/26/warner-bros-discovery-paramount-skydance-d…

Netflix ditches deal for Warner Bros. Discovery after Paramount’s offer is deemed superior
Netflix is ditching a deal to buy Warner Bros. Discovery's studio and streaming assets after the WBD board deemed a revised bid by Paramount to be superior.

UPS plans to eliminate 30,000 jobs this year as part of winding down its partnership with Amazon; it expects $3B in savings related to the Amazon unwind (Laya Neelakandan/CNBC)
https://www.cnbc.com/2026/01/27/ups-job-cuts-amazon-unwind-turnaround-plan.html

UPS to cut additional 30,000 jobs in Amazon unwind, turnaround plan
UPS announced it will eliminate an additional 30,000 jobs as it winds down its partnership with Amazon.

Filing: Pinterest plans to lay off less than 15% of its workforce by Q3 and cut back on office space, saying it is "reallocating resources" to AI teams (Annie Palmer/CNBC)
https://www.cnbc.com/2026/01/27/pinterest-layoffs-stock-ai.html

Pinterest laying off 15% of workforce in push toward AI roles and teams
The company said it's "reallocating resources" to roles and teams focused on artificial intelligence.

An interview with Mozilla president Mark Surman about plans to deploy its ~$1.4B in reserves to fund an AI "rebel alliance" to challenge companies like OpenAI (Ashley Capoot/CNBC)
https://www.cnbc.com/2026/01/27/mozilla-buildi…

Mozilla is building an AI ‘rebel alliance’ to take on industry heavweights OpenAI, Anthropic
Mozilla is looking to deploy its roughly $1.4 billion in reserves to support "mission driven" companies and nonprofits, and is particularly focused on AI.

Corning says Meta committed to paying up to $6B through 2030 for fiber-optic cable in its AI data centers, and it plans to expand its Hickory, NC, factory (Katie Tarasov/CNBC)
https://www.cnbc.com/2026/01/27/apple-supplier-corning-win…

Meta inks deal to pay Corning up to $6 billion for fiber-optic cables in AI data centers
Corning, a 175-year-old glassmaker known for supplying iPhone glass, is now at the center of the AI infrastructure boom with a new type of fiber-optic cable

OpenAI raised $110B at a $730B pre-money valuation, up from $500B in a secondary financing in Oct.; Amazon invested $50B, Nvidia and SoftBank invested $30B each (CNBC)
https://www.cnbc.com/2026/02/27/open-ai-funding-round-amazon.html

OpenAI announces $110 billion funding round with backing from Amazon, Nvidia, SoftBank
OpenAI's latest funding round is even bigger than its prior financing, which was a record amount for private tech companies.

Despite Palantir's high trailing P/E ratio of ~450x, retail traders have poured billions of dollars into the stock, which is up ~3,000% in the past three years (Alex Harring/CNBC)
https://www.cnbc.com/2025/12/25/palantir-retail-investors-valuation-karp.html<…

Wall Street wrote off Palantir as too expensive. Retail investors can't get enough
The stock, which made its market debut in 2020, is an indisputable star of the retail investing world.

Oracle stock fell 30% this quarter, its steepest drop since Q3 2001, when it slid ~34%, amid skepticism about its ability to open more data centers for OpenAI (Jordan Novet/CNBC)
https://www.cnbc.com/2025/12/26/oracle-stock-on-pace-for-worst…

Oracle shares on pace for worst quarter since 2001 as new CEOs face concerns about AI build-out
Investors want to know if Oracle, under new CEOs Clay Magouyrk and Mike Sicilia, can pay for and deliver data centers packed with Nvidia chips for OpenAI.