Internet
Hims & Hers shares rise as company adds new weight-loss medications to platform
The Hims app arranged on a smartphone in New York on Feb. 12, 2025. Gabby Jones | Bloomberg | Getty Images Hims & Hers Health shares rose more than 5% on Tuesday after the company announced patients can access Eli Lilly‘s weight loss medication Zepbound and diabetes drug Mounjaro, as well as the generic injection […]
Read More
Meta’s head of AI research announces departure
Meta CEO Mark Zuckerberg holds a smartphone as he makes a keynote speech at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta’s head of artificial intelligence research announced Tuesday that she will be leaving the company. Joelle Pineau, the company’s vice […]
Read More
CoreWeave shares bounce 12%, rising above IPO price
Mike Intrator, Chief Executive Officer and founder of CoreWeave, (C) rings the opening bell surrounded by Executive Leadership and family during the company’s Initial Public Offering (IPO) at the Nasdaq headquarters on March 28, 2025 in New York City. Michael M. Santiago | Getty Images News | Getty Images CoreWeave shares rallied more than 10% […]
Read More
TikTok creators, partners remain optimistic ahead of app’s second ban deadline
Photo illustration shows the TikTok logo displayed on a mobile phone screen. Sopa Images | Lightrocket | Getty Images For the second time this year, TikTok is staring at a deadline that could determine its fate in the U.S. and that of numerous creators and brands that have built businesses on the Chinese-owned social app. […]
Read More
Amazon resumes drone deliveries after two-month pause
Amazon has restarted drone deliveries in two states after a months-long pause, the company confirmed. In January, Amazon halted Prime Air deliveries in College Station, Texas, and Tolleson, Arizona, the two U.S. markets where it’s testing the service, as the company rolled out a software update to its drone fleet. Amazon discovered an abnormality with […]
Read More
Amazon’s Nova AI agent launch puts it up against rivals OpenAI, Anthropic
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon on Monday released a new AI model that can take actions in a web browser on a user’s behalf, a move that puts it in more direct competition with OpenAI, Anthropic […]
Read More
In Trump era, companies are rebranding DEI efforts, not giving up
Sundar Pichai, CEO of Google and Alphabet, attends the inauguration of a new hub in France dedicated to the artificial intelligence sector, at the Google France headquarters in Paris, France, on Feb. 15, 2024. Gonzalo Fuentes | Reuters After Google scrapped its diversity, equity and inclusion, or DEI, hiring aspirations in February, CEO Sundar Pichai […]
Read More
Amazon MGM Studios boss Jen Salke to step down. Read the internal memo
Jen Salke, the head of Amazon MGM Studios is stepping down from her role, the company confirmed. Mike Hopkins, Amazon’s head of Prime Video and MGM Studios, made the announcement in a Thursday memo to employees. Salke is exiting Amazon to move into film production, and her previous position will not be replaced, Hopkins said. […]
Read More
AppLovin CEO urges investors to ‘dig deeper’ after short-seller report, company retains Alex Spiro
Thomas Fuller | SOPA Images | Lightrocket | Getty Images AppLovin CEO Adam Foroughi hit back at new short-selling allegations from Muddy Waters Research after the ad-tech company’s stock suffered its steepest drop on record on Thursday. Foroughi penned a new blog post that asked investors to “dig deeper” on the allegations, saying the report’s […]
Read More
AppLovin shares plunge 20% after third short-selling firm slams company’s ad technology
Jaque Silva | Nurphoto | Getty Images Shares of AppLovin sank 20% on Thursday, their steepest drop on record, as another short-selling firm raised concerns about the company’s digital ad technology and claimed that it’s violating app store rules. AppLovin tumbled $65.92 to close at $261.70. The stock soared more than 700% last year, the […]
Read More