Internet
Amazon says distraction of Olympics, Trump assassination attempt contributed to weak forecast
Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon is pointing to an unusually busy news cycle as one of the drivers behind its weak revenue forecast. On a call with reporters following the […]
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DoorDash shares pop 13% on second-quarter revenue beat
A DoorDash driver on an electric bicycle wearing a cooler backpack with the skyline of San Francisco in the background. Smith Collection | Gado | Getty Images Shares of DoorDash popped 13% in extended trading on Thursday after the company reported second-quarter results that beat analysts’ expectations for revenue. Here is how the company did, […]
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Amazon’s advertising business grew 20% in the second quarter
Future Publishing | Future | Getty Images Amazon’s online advertising business brought in $12.77 billion during the second quarter, marking a 20% year-over-year increase, but missing analysts’ estimates. Amazon disclosed the latest quarterly financial results of its online advertising unit on Thursday when it reported its second-quarter earnings. The company’s overall second-quarter sales were $147.98 […]
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Snap shares plunge more than 20% on weak guidance
Evan Spiegel, co-founder and CEO of Snap Inc., during the Bloomberg Technology Summit in San Francisco on May 9, 2024. David Paul Morris | Bloomberg | Getty Images Snap shares fell more than 20% in extended trading on Thursday after the company reported guidance for the third quarter that trailed analysts’ estimates. Here is how […]
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Meta shares pop 6% on earnings beat, rosy revenue forecast
Jaques Silva | Lightrocket | Getty Images Meta shares jumped 6% on Thursday after the company reported second-quarter earnings that beat Wall Street’s expectations and offered a rosy revenue forecast. Revenue in the period increased 22% to $39.07 billion from $32 billion a year earlier, Meta said late Wednesday. Analysts were expecting revenue of $38.31 […]
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Amazon to report quarterly earnings after the close
Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023. CNBC Amazon is set to report second-quarter earnings after the bell on Thursday. Here’s what analysts polled by LSEG are expecting: Earnings per share: $1.03 Revenue: $148.56 billion Wall Street is also looking at these key […]
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Your health records are coming to new apps. Here’s why
The eponymous sign outside Epic headquarters in Verona, Wisconsin. Source: Yiem via Wikipedia CC It’s about to get a lot easier for patients in the U.S. to access their own medical records. Health-care software vendor Epic Systems on Thursday announced that individuals will be able to securely release their health data to different apps they […]
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Meta’s advertising growth is proof that hefty AI spending is already paying off
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on “The Circuit with Emily Chang” at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty Images For investors who are skeptical of Meta’s massive spending on artificial intelligence and whether it will pay […]
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23andMe CEO Anne Wojcicki files proposal to take company private as stock craters
A sign is posted in front of the 23andMe headquarters in Sunnyvale, California, on Feb. 1, 2024. Justin Sullivan | Getty Images Anne Wojcicki, CEO of 23andMe, has submitted a proposal to take the genetic testing company private as its stock price continues to hover below $1. Wojcicki said she was prepared to acquire all […]
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Meta’s Reality Labs posts $4.5 billion loss in second quarter
A visitor wears a virtual reality headset Meta Quest as he takes part in an immersive experience stand during the Viva Technology show at Parc des Expositions Porte de Versailles on May 24, 2024 in Paris, France. Chesnot | Getty Images Meta’s ambitious plans to develop the metaverse is still costing the company billions of […]
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