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Atos staves off bankruptcy, casts wider net for refinancing

CIO Business Intelligence

But the company is out of ideas for finding new money after the collapse of plans to sell its legacy infrastructure management business to an investment fund and its big data business to Airbus. In 2023, the company made a net loss of €3.4 billion, compared to a net loss of €1 billion on revenue of €11.3 billion in 2022.

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Net Threats: Internet Openness in Danger

CTOvision

Reflecting the increasing attention paid to information security by many Americans, Pew Research recently conducted a large study, “ Net Threats ”, to identify important trends among technology experts’ opinions and predictions regarding the future of digital security. American tech companies have also objected to the proposed rules.

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Zillow Group stock rises after beating Q4 expectations with $474M in revenue

GeekWire

Zillow had a good news, bad news sort of quarter: The company posted a significant net loss in Q4, but managed to pull in better-than-expected revenue from its residential and rental divisions to beat investor expectations. The company reported $474 million in revenue during the final three months of 2023, up 9% year-over-year.

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Zillow Group tops expectations but feels ongoing headwinds from tough housing market

GeekWire

Bigstock Photo / Postmodern Studio Zillow Group revenue rose slightly to $506 million in the second quarter, well ahead of its prior guidance of $451 million to $479 million for the three months ended June 30, the company reported Wednesday afternoon. billion visits, down 8% from a year ago.

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Zillow Group ‘well positioned to thrive’ despite commissions trial outcome, CEO Rich Barton says

GeekWire

Zillow Group CEO Rich Barton. Net income/loss: Zillow reported a net loss of $28 million for Q3, which was slightly lower than the $35 million net loss from Q2 and significantly better than the $53 million net loss from Q2 2022. “You’ve heard me say many times that 2023 is crucial for Zillow.

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Expedia Group lays off workers as part of ‘strategic actions’

GeekWire

Seattle-based travel giant Expedia Group made an undisclosed number of layoffs. The company confirmed the cuts to GeekWire. “We are continuing to simplify and reprioritize resources across the company to meet our business and traveler needs,” a spokesperson said in a statement.

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Redfin revenue soars 121% in second quarter as net loss grows on RentPath acquisition

GeekWire

The surge in revenues also came as net losses grew — coming in at $27.9 The company also is spending heavily to attract and retain real estate agents. The company said its market share now stands at 1.18% of U.S. Redfin’s cross-town rival Zillow Group also posted quarterly results Thursday, reporting revenue of $1.3

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