losses

  • WebMD Announces Layoffs; 14% Of Staff, $45M In Total Spending Cuts Coming Off Of A $900K Quarterly Loss

    WebMD Announces Layoffs; 14% Of Staff, $45M In Total Spending Cuts Coming Off Of A $900K Quarterly Loss

    WebMD, arguably still the go-to source for medical information on the Internet, today announced that it would be implementing strong expenditure control measures after revealing disappointing Q3 results at the beginning of November. The cuts include 250 positions, representing around 14 percent of WebMD’s total workforce, as part of operating expenditure cuts totalling $45 million. Read More

  • Sprint pulls dividends with EVDO-like quickness

    Sprint pulls dividends with EVDO-like quickness

    It appears that it might be time to call upon the spirit of motivational speaker Matt Foley to help Sprint figure out how to get “back…on…the right…track.” Sprint announced an almost $30 billion quarterly loss today. That’s such a big loss that Sprint also announced that it will stop paying dividends to shareholders for the “foreseeable… Read More

  • eBay down $936 million in Q3 due to Skype purchase

    eBay down $936 million in Q3 due to Skype purchase

    Auction powerhouse eBay posted a Q3 loss of roughly $936 million dollars, making it the second time in the company’s history that it’s reported a loss. It’s not all doom and gloom, though, considering that the company claimed a $1.4 billion charge to write down its purchase of VOIP provider, Skype. Take away the Skype purchase, and eBay more than doubled its earnings per… Read More

  • Motorola Sales Not RIZNG

    Motorola Sales Not RIZNG

    Bad news for all you INVSTRS out there: Motorola sales are sinking and it’s not subtle. The telecom giant has posted a loss of a whopping $181 million for Q1 alone. Decreasing sales of mobile handsets contributed greatly as sales have declined 15% to only $5.4 billion. I’m really surprised Motorola didn’t see this coming. You can only keep releasing the same slimmed down… Read More