Technology
Musk told banks he will rein in Twitter pay, make money from tweets
Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets, three people familiar with the matter said. Musk made the pitch to […]
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Amazon shares sink 12%, on pace for worst day since January 2014
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Shares of Amazon dipped as much as 12% on Friday after the company gave revenue outlook for the current quarter that fell short of Wall Street’s estimates. […]
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TikTok looms large in tech earnings reports as digital ad giants struggle to keep up
Rafael Henrique | LightRocket | Getty Images As the heart of tech earnings season wraps up, one persistent theme has been weakness in the digital ad market. The war in Ukraine, rising inflation, Apple’s privacy changes and an overall pullback in ad spending help explain why Facebook, Google, Amazon and Twitter all reported disappointing revenue […]
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Airbnb CEO says staff can ‘live and work anywhere’
Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Home-sharing platform Airbnb announced that it is planning to let its employees live and work wherever they want as other firms start to look beyond the coronavirus pandemic and bring staff back to the office. Brian Chesky, the company’s CEO and co-founder, revealed the […]
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Amazon’s cloud business grows almost 37%, but slows from last quarter
Amazon’s cloud unit grew 36.5% year over year in the first quarter, a bit faster than analysts projected. But Amazon shares were down about 9% in after-hours trading, as investors focused on the e-commerce giant’s $3.8 billion overall net loss. The cloud business results point to lighter but still brisk demand for computing, storage and […]
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Intel beats but offers disappointing guidance
Intel shares fell 4% in extended trading on Thursday after the chipmaker issued a lower-than-expected forecast for its fiscal second quarter. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 81 cents as expected by analysts, according to Refinitiv. Revenue: $18.35 billion, vs. $18.31 billion as expected by analysts, according to Refinitiv. […]
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Apple posts big beat and 9% revenue pop, authorizes $90 billion buyback
Apple CEO Tim Cook greets customers at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. Lucy Nicholson | Reuters Apple’s revenue grew nearly 9% on an annual basis in the quarter ending in March, the company said on Thursday, showing strong growth and bucking investor worries about a […]
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Snap launches a $230 flying camera called Pixy
Snap is launching a flying camera, the company announced Thursday during its annual partners summit. The camera, called Pixy, is a “pocket sized” device with no controller. Instead, users tap a button to send Pixy into one of four preset flightpaths. The device floats, orbits, or follows a few feet above the user to capture […]
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Comcast shares slump as broadband subscriber growth continues to slow
Comcast reported first-quarter earnings Thursday that beat analyst estimates on the top and bottom lines, though broadband growth continues to slow. Comcast added 262,000 high-speed internet customers in the quarter, above the 229,000 average analyst estimate. But about 80,000 of those subscribers were free Internet Essentials customers who are now counted in the total. Comcast […]
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Op-ed: Russia’s war on Ukraine shows the urgent need to move away from fossil fuels as fast as possible
Drift ice – ice flows in the Arctic Ocean, Nordaustlandet, North East Land, Norway. Arterra | Universal Images Group | Getty Images Espen Barth Eide is Norway’s Minister of Climate and Environment. Fatih Birol is the Executive Director of the International Energy Agency. The energy crisis triggered by Russia’s inexcusable aggression against Ukraine has focused […]
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