Wall Street Breakfast CrowdStrike beats Q4, stock slips
Mar 5, 2025
CrowdStrike's Q4 performance beats estimates but faces a stock slip due to a gloomy outlook. TikTok is ramping up local services in the U.S. with new hiring initiatives. Meanwhile, Disney is cutting 6% of its workforce as part of a major restructuring strategy. The podcast dives into the implications of these corporate moves and explores shifting market trends, highlighting a busy week for investors.
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CrowdStrike's Stock Drop
- CrowdStrike's stock fell despite exceeding Q4 estimates.
- The company's weak guidance disappointed investors, causing a 9% pre-market drop.
TikTok's US Expansion
- TikTok plans to expand its local services business to the U.S.
- The expansion will connect local merchants and creators, focusing on food and travel.
ByteDance Share Buyback
- ByteDance offers to buy back shares from U.S. employees at a higher valuation.
- This move comes amid scrutiny and regulatory challenges.