Technology
Piper Sandler downgrades Pinterest and Snap, says digital ad sector won’t bounce back soon
Two beaten-down internet stocks could be in for an extended struggle with the digital advertising market in flux, according to Piper Sandler. Analyst Thomas Champion downgraded Snap and Pinterest to neutral from overweight, saying that advertising-dependent stocks are not great rebound candidates for investors. “After a strong two-year stretch, digital ad spend looks to be […]
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Solana suffered its second outage in a month, sending price plunging
The logo of cryptocurrency platform Solana. Jakub Porzycki | NurPhoto via | Getty Images Solana, one of the largest cryptocurrencies after bitcoin and ether, fell more than 12% on Wednesday as its blockchain suffered its second outage in the last month. Validators in the network were not processing new blocks for several hours. Applications built […]
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Javier Olivan, who’s replacing Sheryl Sandberg at Meta, built his career on international expansion
Mark Zuckerberg, chief executive officer of Facebook Inc., right, pauses while speaking as Javier Olivan, vice president of growth and analytics at Facebook Inc., looks on at Billionaire Carlos Slim’s Telmex Foundation annual event for scholarship students in Mexico City, Mexico, on Friday, Sept. 5, 2014. Zuckerberg said he’s willing to spend whatever it takes […]
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Sheryl Sandberg was Facebook’s adult in the room, but it’s always been a Zuckerberg production
Mark Zuckerberg, chief executive officer of Facebook Inc., right, Sheryl Sandberg, chief operating officer of Facebook, left, applaud after remotely ring the opening bell for trading at the Nasdaq MarketSite from the Facebook campus in Menlo Park, California Zef Nikolla | Facebook | Bloomberg When Facebook held its Nasdaq debut 10 years ago, the prospectus […]
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Why Meta drop on Sandberg’s exit is a good chance to snap up shares
While we will miss the leadership of Sandberg — the company’s COO and No. 2 to CEO and co-founder Mark Zuckerberg — it doesn’t change our investment thesis. Source
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Former OpenSea employee charged in first-ever NFT insider trading case
U.S. prosecutors are now going after insider trading in the crypto industry. On Wednesday, prosecutors in New York’s Southern District charged and arrested Nathaniel Chastain, a former product manager at the online marketplace OpenSea. The 31-year-old faces one count of wire fraud and one count of money laundering, in connection with a scheme to commit […]
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Salesforce shares jump on upbeat results in the face of tough economy
Marc Benioff, CEO of Salesforce, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Salesforce shares jumped as much as 15% on Wednesday, after the cloud software vendor maker issued better-than-expected quarterly results and lifted its full-year profit forecast. On a day when most tech stocks and the broader equity […]
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Elon Musk reportedly tells Tesla workers to return to the office full time or resign
Elon Musk has reportedly told Tesla employees to come back into their respective offices at least 40 hours a week or leave the company. In two emails obtained by Electrek, Musk said that people must show up for at least 40 hours per week in a main Tesla office. “If you don’t show up, we […]
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Red Sox broadcaster becomes first regional sports network to offer standalone streaming service for games
Members of the Boston Red Sox look on during a team workout ahead of the 2021 Opening Day game on March 31, 2021 at Fenway Park in Boston, Massachusetts. Billie Weiss | Boston Red Sox | Getty Images The local cable network that airs Boston’s Major League Baseball and National Hockey League games is launching […]
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Apple will reportedly move some iPad capacity to Vietnam after China lockdowns
People walk past an apple store in Wangfujing with iPhone 13 series advertisement on a big screen. Sheldon Cooper | LightRocket | Getty Images Apple is moving some of its iPad production to Vietnam from China after supply chain disruptions stemming from coronavirus lockdowns have contributed to product and parts shortages, Nikkei Asia said Wednesday. […]
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