Internet
Google employees get private Lizzo concert as they return to the office
Zoom In IconArrows pointing outwards Google hires Lizzo to perform for return-to-office “celebration” among thousands of employees Emma Wong @_emwong_ For years, Google lured people to its sprawling Silicon Valley campus with the promise of amazing perks, like gourmet meals from top chefs and massages. Now, there’s Lizzo. Earlier this month, as Google officially started […]
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Amazon and Google just closed out their worst months on Wall Street since 2008
Getty Images; Chris Ratcliff | Bloomberg | Getty Images Shares of Amazon and Google parent Alphabet just closed out their steepest monthly drops since the 2008 financial crisis. The internet giants both reported weaker-than-expected quarterly results this week, hurt by a combination of macroeconomic factors, the war in Ukraine and tough comparisons to blowout numbers […]
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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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Singapore start-up Nium seeks up to $400 million in deals to take on Europe’s crowded fintech market
Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Images LONDON — Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business. The company, whose software helps […]
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Amazon shares plunge on weak sales forecast
Andy Jassy, CEO of Amazon and then CEO of Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, October 25, 2016. Mike Blake | Reuters Amazon shares plummeted as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates. Here’s how the company […]
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Meta shares surge 15% after Facebook parent beats earnings estimates
Expectations were already low going into Meta’s latest quarterly results, which were a mixed back. Sopa Images | Lightrocket | Getty Images Shares of Facebook parent company Meta continued to rally Thursday after the company reported better-than-expected profit in the first quarter. Meta reported earnings per share of $2.72, higher than the $2.56 expected by […]
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Bitcoin adopted as legal tender by African country — the second to do so after El Salvador
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images The Central African Republic has become the second country in the world to adopt bitcoin as official currency, after El Salvador took the same step last year. […]
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Musk is not supposed to disparage Twitter while trying to buy it. He’s doing it anyway.
Elon Musk may tweet about the Twitter deal but not “disparage the company or any of its representatives,” according to a securities filing. Jakub Porzycki | Nurphoto | Getty Images Less than 48 hours after Elon Musk and Twitter went public with their $44 billion deal to take the company private, Musk has continued to […]
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Facebook forecast points to possible revenue drop for the first time after decade of growth
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Prior to the first quarter of this year, Facebook’s revenue growth had never sunk into the single digits. In the second quarter, it may not grow at all. Though shares of Facebook […]
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