Internet
Amazon CEO Andy Jassy denies that 5-day office mandate is a ‘backdoor layoff’
Amazon CEO Andy Jassy speaks during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty Images Amazon CEO Andy Jassy denied speculation that the company’s five-day in-office mandate was made to further reduce head count […]
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Amazon gets FAA approval for new delivery drone as it begins tests in Arizona
Amazon said Tuesday it received regulatory approval to begin flying a smaller, quieter version of its delivery drone, the latest step in its long-running efforts to get the futuristic program off the ground. The company unveiled the new drone, called the MK30, in November 2022. It said then that the MK30, in addition to the […]
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As Americans head to the polls, social media companies are in the spotlight
Kamala Harris and Donald J. Trump social media sites on X, formerly known as Twitter, are displayed on mobile phones screens for illustration photo. Beata Zawrzel | Nurphoto | Getty Images With Americans heading to the polls on Election Day, social media companies like Meta, TikTok, X and YouTube are under intense pressure to handle […]
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Meta extends ban on new political ads past Election Day
Meta’s Mark Zuckerberg plans to visit South Korea, scheduling key meetings during the trip, according to a statement by Meta on Wednesday, which did not provide further details. Reportedly, Zuckerberg is anticipated to meet with Samsung Electronics chairman Jay Y. Lee later this month to discuss AI chip supply and other generative AI issues, as […]
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Amazon shares jump 7%, approach record after earnings beat
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon shares jumped 7% on Friday and neared an all-time high after the company reported better-than-expected earnings, driven by growth in its cloud computing and advertising businesses. The stock is […]
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Google employees pressure costumed execs at all-hands meeting for clarity on cost cuts
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet executives, donning Halloween costumes, faced questions from concerned employees at an all-hands meeting on Wednesday, following comments on the company’s earnings call suggesting that more cost cuts are […]
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Amazon CEO pledges AI investments will pay off as capital expenditures surge 81%
Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023. CNBC Amazon CEO Andy Jassy is trying to reassure investors who may be worried about the future payoff of the company’s massive investments in generative artificial intelligence. On a conference call with analysts following the company’s […]
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Amazon’s advertising business grew 19% in the third quarter
Dominika Zarzycka | Nurphoto | Getty Images Amazon’s online advertising business brought in $14.3 billion in the third quarter, up 19% year over year, in line with analysts’ estimates of $14.3 billion. The Seattle tech giant revealed the financial results of its growing advertising unit as part of its latest earnings report Thursday. Amazon’s overall […]
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Amazon earnings are out — here are the numbers
Amazon reported earnings after the bell. Here are the results. Earnings: $1.43 vs $1.14 per share expected by LSEG Revenue: $158.88 billion vs $157.2 billion expected by LSEG Wall Street is also watching several other numbers in the report: Amazon Web Services: $27.5 billion expected, according to StreetAccount Advertising: $14.3 billion expected, according to StreetAccount […]
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Meta’s Threads micro-blogging app now has 275 million monthly users, Zuckerberg says
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, U.S. September 25, 2024. Manuel Orbegozo | Reuters Threads, Meta‘s rival to Elon Musk’s X app, now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday. […]
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