Reddit’s first earnings report as a public company showed leaps in users and advertising revenue, along with expenses related to its initial public offering.
Amazon has been focusing on shipping products quickly by putting more items closer to customers. The company’s cloud computing business is also growing.
Quarterly results on Wednesday underscored Meta’s repositioning of itself as a company poised to capitalize on the industrywide fervor for artificial intelligence.
The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.
The second quarter “will be a lot better,” Elon Musk, Tesla’s chief executive, said on a conference call to discuss the company’s first-quarter results.
General Motors has struggled with electric vehicles and in foreign markets but it is selling lots of combustion engine cars and trucks in North America.
The company’s revenue was 15 percent higher compared with last year, and it solidified its standing as the entertainment company’s dominant streaming service.
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