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NASDAQ:EGHT 20 May 2026

8×8 Jumps on Profit Beat as Margins Stay Under Pressure

8×8 Jumps on Profit Beat as Margins Stay Under Pressure

8x8 shares rose 14.1% to $2.75 in after-hours trading after reporting fourth-quarter revenue of $185.2 million, up 5%, and adjusted diluted earnings of 11 cents a share. Usage-based revenue grew over 70% year-over-year, making up 23% of service revenue. The company posted GAAP net income of $0.1 million, compared to a $5.4 million loss a year earlier. Fiscal 2027 revenue is forecast at $727 million to $747 million.
20 May 2026
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Stock Market Today

  • Meta CEO Zuckerberg Acknowledges AI Workforce Missteps Amid Staff Backlash
    June 15, 2026, 4:34 AM EDT. Meta CEO Mark Zuckerberg admitted to errors in AI workforce restructuring, following internal frustration within the 6,500-strong Applied AI team. After a 10% staff cut in May and reassigning 7,000 employees to AI roles, tensions rose against tracking U.S. staff keystrokes for AI projects, leading to a petition signed by 1,600 workers. Meta rolled back the tracking, allowing pauses and exceptions. Zuckerberg pledged no broad layoffs this year, support for reassigned staff, and plans to bolster morale via manager layer cuts, offsites, and an AI hackathon in July. Meta also raised its 2026 capital spending target on AI-related infrastructure to $125-$145 billion, citing higher component costs and data center investments.

Latest articles

PepsiCo expands farming work, partners with House of Treats for personalized drinks

PepsiCo expands farming work, partners with House of Treats for personalized drinks

15 June 2026
PepsiCo launches its “House of Treats” customizable beverage platform for cinemas, stadiums, restaurants, and live events in the U.K., Poland, Romania, and the Czech Republic this June, while also piloting a strip-till equipment leasing program for farmers, signaling a dual push into experiential drinks and regenerative agriculture.
Meta Adjusts AI Plans, Zuckerberg Says Missteps Followed Staff Pushback

Meta Adjusts AI Plans, Zuckerberg Says Missteps Followed Staff Pushback

15 June 2026
Meta CEO Mark Zuckerberg admitted mistakes in the company’s rapid AI workforce overhaul as internal tensions rise, but Meta is still ramping up AI investment with 2026 capital expenditures now forecast at $125–$145 billion, up from previous guidance, citing higher component prices and data center costs.
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