Technology
Microsoft set to report earnings after the bell
Microsoft chief executive officer Satya Nadella talks at a Microsoft news conference in New York. Don Emmert | AFP | Getty Images Microsoft will announce its fiscal fourth-quarter results after markets close on Tuesday. Here’s what analysts are looking for: Earnings: $2.29 per share, adjusted, as expected by analysts, according to Refinitiv. Revenue: $52.44 billion […]
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Amazon hikes Prime membership prices by up to 43% in Europe as inflation bites
A contractor working for Amazon.com cleans a delivery truck in Richmond, California, U.S., on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images Amazon is raising prices for its Prime subscription service in the U.K. and across Europe as the e-commerce giant grapples with the effects of rising inflation. In the U.K., […]
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WWE at crossroads as Vince McMahon’s retirement and scandals heighten sale speculation
World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images World Wrestling Entertainment’s annual report for 2021 lists a risk factor specifically about the […]
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Facebook parent Meta raises price of its Quest 2 VR headset by $100
Facebook parent Meta has raised the price of its Quest 2 virtual reality headset by $100, as the company reckons with inflationary pressures. Meta announced the price increase on Tuesday via a Twitter post. Starting Aug. 1, the 128 GB version of the Quest 2 will cost $399, while the 256 GB model will cost […]
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After getting slammed by the Kardashians, Instagram CEO puts out a video to explain changes to the app
Adam Mosseri, CEO Instagram Courtesy: Adam Mosseri Instagram head Adam Mosseri shared a video on Twitter Tuesday explaining recent changes to the social media platform, a day after celebrities like Kylie Jenner and Kim Kardashian criticized the app for “trying to be TikTok.” Mark Zuckerberg, CEO of Meta, which owns Facebook and Instagram, has been […]
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Coinbase shares tumble after report that it’s facing SEC probe
People watch as the logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Shares of Coinbase dropped more than 15% Tuesday on reports that it’s facing an SEC probe into whether the platform […]
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You can change your Instagram feed so it looks less like TikTok and only shows posts from your friends. Here’s how
Facebook launches his new feature ”Reels” on Instagram in 50 countries around the world. Lorenzo Di Cola | NurPhoto | Getty Images Instagram is catching heat for copying rival TikTok. On Monday, Kylie Jenner and Kim Kardashian both posted stories that read: “Make Instagram Instagram Again. Strop trying to be tiktok I just want to […]
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Shopify stock sinks 15% after company says it will lay off 10% of workers
An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shopify is laying off roughly 1,000 workers, or around 10% of its global workforce, the company announced Tuesday. Shares of Shopify sank more than 15% in early trading following the announcement. In a memo to staff, CEO Tobi Lutke acknowledged he […]
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Why tech workers are quitting great jobs at companies like Google to fight climate change
Sandy Anuras, the chief technology officer of Sunrun. Photo courtesy Sandy Anuras, the chief technology officer of Sunrun Tech workers are walking away from high-paying jobs with great perks to help fight what they believe is the greatest existential problem of our lifetimes: climate change. In some cases, that has meant taking a pay cut. […]
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Ferrari CEO shrugs off concerns about EV performance
A Ferrari photographed in Switzerland on March 2, 2015. The Italian company plans to launch a fully electric vehicle in 2025. Harold Cunningham | Getty Images News | Getty Images The CEO of Ferrari on Tuesday moved to allay fears the firm’s upcoming electric offering will compromise on performance, telling CNBC the luxury carmaker had […]
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