CFOTrends

Intuit Lobbying Congress to Protect Its Tax Filing Business
Intuit is going all-in in its lobbying efforts to protect its lucrative tax filing business at a time when Congress is threatening it....
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Reddit’s IPO May Be on Track for the Second Half of 2023
Reddit may finally be moving forward with its IPO after laying the groundwork for nearly two years. Re...
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Tesla’s Net 2022 Bitcoin Losses Totaled $140 Million
Tesla executives may be regretting the company's investment in Bitcoin, with its losses totaling a whopping $140 million in 2022....
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Snap Is Cutting Google and AWS Cloud Spending
Snap is cutting back its cloud spending, reducing how much it pays both Google Cloud and AWS. Snap rel...
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Intel Slashes Employee Pay Rather Than Reduce Dividend
Intel is showing where its priorities are, slashing employee pay in an effort to maintain its quarterly dividend....
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Adobe’s Figma Purchase May Be In Jeopardy
Adobe's $20 billion Figma deal may be in trouble, with EU Commission weighing whether to launch an antitrust probe....
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GM Investing $650 Million in Lithium Americas for Lithium Mining
General Motors is investing $650 million in Lithium Americas to help develop the Thacker Pass lithium mine in Nevada....
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PayPal Is Laying Off 2,000 of Its Workforce
PayPal has announced it is laying off roughly 2,000 employees, representing approximately 7% of its staff....
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Impossible Foods May Lay Off 20% of Its Workforce
Impossible Foods may be poised for a second round of layoffs, with a report putting the number at 20%....
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EV Startup Arrival Appoints New CEO, Lays Off 50% of Staff
Electric vehicle startup Arrival has undergone a major shakeup, appointing a new CEO and announcing layoffs of 50% of its staff....
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Salesforce Bows to Investor Pressure, Appoints New Board Members
Salesforce is bowing to investor pressure, appointing new board members shortly after activist investor Elliott Management invested in the company....
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Major Banks Joining Forces to Take on Apple Card, PayPal
Major banks are reportedly joining forces in an effort to better take on Apple Card and PayPal in the digital wallet market....
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Intel Loses $8 Billion Market Value in ‘Historic Collapse’
Intel's recovery hit a major speed bump Friday as the company saw $8 billion of its market value wiped away, surprising analysts....
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Stripe May Go Public Within the Next Year
Stripe's IPO may be on the horizon, with the company telling employees it will decide within the next year whether to go public....
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IBM Laying Off 3,900 Employees
Big Blue is joining the list of tech companies laying off employees, announcing it would cut 3,900 jobs....
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