Internet
Twitter says it significantly slowed hiring during the second quarter
The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022. Brendan Mcdermid | Reuters Twitter said on Tuesday that the company “significantly slowed hiring” in the second quarter. The company disclosed the hiring slowdown in […]
Read More
Alphabet misses on earnings and revenue for second quarter
Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Alphabet reported weaker-than-expected earnings and revenue for the second quarter. The stock rose about 2% in extended trading. Here’s how the company did: Earnings per share […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
Two European satellite companies are combining in a $3.4 billion deal to rival Elon Musk’s SpaceX
OneWeb, which emerged from bankruptcy in 2020, is hoping the combination with Eutelsat will help turn its fortunes around. Jody Amiet | AFP via Getty Images U.K. satellite operator OneWeb plans to join forces with European rival Eutelsat in a deal the two companies hope will help them take on Elon Musk’s SpaceX. Eutelsat will […]
Read More
Sisters Kylie Jenner and Kim Kardashian urge Instagram to stop copying TikTok
Kylie Jenner on May 03, 2019 in New York City. Pierre Suu | GC images | Getty Images Celebrity sisters Kylie Jenner and Kim Kardashian criticized Instagram on Monday, urging the app to stop mimicking rival TikTok. To their hundreds of millions of Instagram followers, Jenner and Kardashian posted a message that read, “Make Instagram […]
Read More
Amazon sinks after Walmart lowers profit outlook on inflation concerns
The front desk of the Amazon office is pictured in New York, May 1, 2019. Carlo Allegri | Reuters Shares of Amazon fell more than 4% in extended trading on Monday after Walmart said it was lowering its quarterly and full-year profit guidance. Walmart announced after the bell on Monday that it now expects adjusted […]
Read More
Facebook’s stumbling ad business lies at the center of Big Tech earnings week
The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Arnd Wiegmann | Reuters It’s earnings palooza week for Big Tech, with the four most valuable U.S. companies plus Meta all reporting quarterly results. Alphabet and Microsoft kick off the action on Tuesday, with Apple and Amazon wrapping things up on Thursday. […]
Read More
Amazon’s PR and policy chief Jay Carney leaves to join Airbnb
Senior Vice-President of Worldwide Corporate Affairs at Amazon James Carney speaks with EU officials on February 1, 2018 in Brussels, Belgium. Thierry Monasse | Corbis News | Getty Images Airbnb has tapped Jay Carney, Amazon’s top spokesperson, to serve as its new head of policy and communications. Carney will start at Airbnb in September, and […]
Read More