Internet
Twitter misses earnings expectations, partially blames revenue drop on Elon Musk takeover bid
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter reported earnings for the second quarter on Friday that missed analyst estimates on […]
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San Francisco’s slow recovery from Covid has left small businesses ‘hanging on’ for tech workers’ return
A billboard funded by Airbnb shows opposition to Proposition F in downtown San Francisco, California. Josh Edelson | AFP | Getty Images Marshall Luck’s chiropractic and massage practice in downtown San Francisco survived the Covid-19 pandemic thanks to government stimulus money and a hefty amount of debt. But well over two years since lockdowns swept […]
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Social media and online ad stocks drop in wake of alarming Snap earnings report
Snap Inc. signage is displayed on screens outside of the Morgan Stanley building in New York. Michael Nagle | Bloomberg | Getty Images Social media and ad tech stocks fell in after-hours trading on Thursday after Snap reported disappointing second-quarter results and plans to slow hiring. Analysts were expecting sales growth of 18% for the […]
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Why Amazon’s three biggest deals ever were for a grocery chain, movie studio, and health care provider
A sign is posted in front of a One Medical office on July 21, 2022 in San Rafael, California. Justin Sullivan | Getty Images Amazon still makes most of its revenue from orders placed through its online stores, and most of its profit from its cloud computing arm. Both of those businesses were built almost […]
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Snap shares plunge 25% on disappointing second-quarter results and plans to slow hiring
Kirsty O’Connor | Getty Images Snap shares plummeted more than 25% in extended trading on Thursday after the social media company reported disappointing second-quarter results and said it plans to slow hiring as it reckons with weakening revenue growth. Co-founders Evan Spiegel, the CEO, and technology chief Bobby Murphy agreed to new employment contracts that […]
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YouTube says it will crack down on abortion misinformation and remove videos with false claims
The logo of video-sharing website YouTube is displayed on a smartphone on November 19, 2018 in Berlin, Germany. Thomas Trutschel | Photothek via Getty Images YouTube said on Thursday that it’s cracking down on videos containing abortion misinformation and will take down videos deemed unsafe. “Starting today and ramping up over the next few weeks, […]
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Uber updates grocery delivery service with after-hours ordering and more
Uber Eats workers wait for orders in central Kiev, Ukraine July 31, 2019. Valentyn Ogirenko | Reuters Uber announced the most comprehensive update to its grocery delivery service on Thursday since its initial launch in 2020, introducing a series of new features that aim to make the experience more convenient for consumers and merchant partners. […]
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AT&T shares fall after company says overdue bills, higher spending are hurting cash flow
A man walks with an umbrella outside of AT&T corporate headquarters on March 13, 2020 in Dallas, Texas. Ronald Martinez | Getty Images AT&T shares fell Thursday after the company said its cash flow was hurt by customers’ late phone payments and unexpected expenses in establishing 5G infrastructure. The company said customers have been paying […]
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Facebook goes old school with a new feed that favors friends and family
Facebook is launching a new feature on Thursday that lets users see posts in reverse chronological order rather than content that’s been ranked by an algorithm. Called “Feeds,” the tool is a dedicated tab in the Facebook app that shows all the latest posts from users’ friends. The main news feed will now be known […]
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Crypto startup Blockchain.com lays off 25% of staff as 3AC fallout spreads
Blockchain co-founder and CEO Peter Smith speaks during the Web Summit tech conference in Lisbon, Portugal on November 6, 2018. Pedro Fiúza | NurPhoto via Getty Images Crypto startup Blockchain.com says it is laying off 25% of its staff, citing harsh market conditions. The cuts translate to about 150 roles at the firm. The company […]
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