business news
Fb-guardian Meta announces $40 billion stock buyback
Facebook’s CEO Mark Zuckerberg speaks throughout the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Pictures Fb parent Meta Platforms said in its quarterly earnings assertion on Wednesday that it has enhanced its share repurchase authorization by $40 billion. In 2022 the social network operator acquired again […]
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Meta shares jump 14% on improved-than-envisioned income
Anwar Almojarkesh (L) and Alan Chalabi (R) from England take a photograph at Meta (formerly Facebook) corporate headquarters in Menlo Park, California on November 9, 2022. Josh Edelson | AFP | Getty Images Meta shares poped in extended investing on Wednesday right after the enterprise claimed fourth-quarter revenue that topped estimates and introduced a $40 […]
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Meta dropped $13.7 billion on Actuality Labs in 2022 as Zuckerberg’s metaverse guess will get pricier
Mark Zuckerberg, main govt officer of Meta Platforms Inc., demonstrates the Meta Quest Pro for the duration of the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Pictures Mark Zuckerberg’s desire of a potential in the metaverse is costing buyers a boatload of funds. […]
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Intel execs make tiny reduce to their overall payment right after a disastrous quarter
Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s approach to build a $20 billion plant in Ohio, from the South Courtroom Auditorium on the White Dwelling campus in Washington, January 21, 2022. Jonathan Ernst | Reuters Intel executives will consider staggered foundation-pay out cuts just days immediately after […]
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Peloton shares surge 26% after fitness company posts subscription revenue growth
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton said Wednesday its net loss narrowed year over year, and, for the third quarter in a row, subscription revenue was higher than sales of the company’s connected fitness products. CEO Barry McCarthy […]
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Peloton CEO doesn’t care that equipment is losing money, sees path forward in the app
Barry McCarthy speaks during an interview with CNBC on floor of the New York Stock Exchange (NYSE), October 28, 2019. Brendan McDermid | Reuters Peloton CEO Barry McCarthy told investors Wednesday he doesn’t care that the company is losing money on its Bike, Tread and Row equipment. The business’s “path to the promised land,” he […]
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FedEx is laying off 10% of its officers and directors amid cooling demand
Raj Subramaniam, FedEx Corporation, speaks at the U.S. Chamber of Commerce Aviation Summit in Washington, D.C. on March 5, 2020. Kristoffer Tripplaar | Sipa via AP Images FedEx is cutting more than 10% of its officers and directors, CEO Raj Subramaniam announced Wednesday, as the company slashes corporate jobs to cut costs amid cooling consumer […]
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Snap shares tumble 10% following disappointing fourth-quarter report
Evan Spiegel, co-founder and chief govt officer of Snap Inc., speaks in the course of the virtual Google Pixel Drop Start occasion in New York, on Tuesday, Oct. 19, 2021. Michael Nagle | Bloomberg | Getty Images Shares of Snap tumbled 10% on Wednesday, a day soon after the enterprise introduced a disappointing quarterly report […]
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Ukraine war live updates: U.S. reportedly readying $2 billion aid package for Ukraine; Kyiv signals reforms ahead of EU summit
Five ships leave Ukrainian ports under Black Sea Grain Initiative An aerial view of the Turkish-flagged ship “Polarnet” carrying grain from Ukraine is seen at the Derince Port, Kocaeli, Turkiye on August 08, 2022. Omer Faruk Cebeci | Anadolu Agency | Getty Images Five vessels carrying 216,719 metric tons of grain and other food products […]
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GoodRx to be barred from sharing wellbeing info for advertisements below proposed FTC settlement
GoodRx signage on the outside the house of the Nasdaq on the working day of its IPO, September 23, 2020. Supply: GoodRx The Federal Trade Commission proposed to forever bar prescription drug comparison web page GoodRx from sharing users’ well being information with 3rd functions for promoting applications, the agency explained Wednesday. In a “initial-of-its-form […]
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