WHAT'S REPORTED
THE BRIEF
Reddit Shares Sink on Guidance and Login Plan
Reddit shares fell after weak sales guidance and plans to test requiring logins for all users.
THE BRIEF
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THE BRIEF
TECHTHE BRIEF
Intel Stock Plunges on PC Slowdown
Intel stock fell 21% after the chipmaker issued weak guidance citing PC market slowdown.
WHAT'S REPORTED
- ▸Intel blamed a struggling PC market for its weak guidance despite emerging as an AI player. — CNBC Tech
THE BRIEF
TECHTHE BRIEF
Sequoia-Backed IT Automation Startup
Sequoia-backed startup Serval, valued at $3 billion, automates office IT support tasks.
WHAT'S REPORTED
- ▸Companies like Ramp and Notion rely on Serval to automate support tasks like password resets and app access. — Forbes Innovation
THE BRIEF
TECHTHE BRIEF
US Worker Engagement Hits 15-Year Low
A Gallup poll found US worker engagement fell to its lowest level since 2011.
WHAT'S REPORTED
- ▸Remote and hybrid employees and AI are cited as primary factors in the engagement decline. — CNBC Tech
THE BRIEF
TECHTHE BRIEF
Stellantis Third-Quarter Cash Shortfall
Stellantis reported a 4 billion euro cash shortfall in the third quarter on October 28.
WHAT'S REPORTED
- ▸The cash shortfall equals $4.5 billion. — CNBC Tech