Rivian pre-order customers made over $240 million in profit on IPO pop

Rivian pre-order customers made over $240 million in profit on IPO pop

Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City.Michael M. Santiago | Getty ImagesRajiv Patel, an environmental consultant in Austin, Texas, put down a $1,000 deposit on a Rivian electric SUV earlier this year. He has no idea when he’ll get his … Read more

Vizio’s profit on ads, subscriptions, and data is double the money it makes selling TVs

Vizio’s profit on ads, subscriptions, and data is double the money it makes selling TVs

It’s been less than a year since Vizio became a publicly traded company, and one consequence of that is we know more about its business than ever before. The TV maker released its latest earnings report on Tuesday and revealed that over the last three months, its Platform Plus segment that includes advertising and viewer … Read more

NatWest Q3 profit triples despite money laundering charge

NatWest Q3 profit triples despite money laundering charge

People maintain social distance while they queue outside a Natwest bank in Wimbledon, following the outbreak of the coronavirus disease (COVID-19), London, Britain, May 1, 2020. REUTERS/Hannah McKayLONDON, Oct 29 (Reuters) – NatWest (NWG.L) reported its third quarter profits tripled on Friday, despite setting aside cash to prepare for an expected fine for money laundering … Read more