Meta Platforms Inc
Internal Facebook memo warns company must be disciplined, prioritize ruthlessly
Chris Cox, Chief Product Officer, Meta, speaking the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Facebook-parent Meta has warned employees to expect a tough second half of the year as the company continues to weather challenges related to its core online advertising business amid a weakening economy. Meta chief product […]
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Big technology stocks like Tesla, Amazon and Microsoft just finished their worst quarter in years
Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 2, 2022 in New York City. (Photo by Gotham/Getty Images) Gotham | Getty Images Investors lowered the valuations of the world’s largest technology companies in the second quarter as central bankers ratcheted up […]
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Longtime Google exec Nick Fox to take interim commerce business post after Ready departs to Pinterest
Nick Fox, vice president of product and design for Search and Assistant. Longtime Google exec Nick Fox will take over the company’s commerce and payments business on an interim basis. Fox’s appointment comes a day after the former head, Bill Ready, announced he is taking over the helm of Pinterest, replacing longtime CEO and founder […]
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Consider hiding out in these tech stocks during a bear market, Bernstein says
With the Nasdaq Composite down 30% from its highs and deep in bear market territory, investors are finding no comfort in the technology sector. Yet amid this painful market backdrop, there are some areas within the downtrodden sector where investors can still find safety, according to Bernstein. “Tech’s overall valuation is now approaching its historical […]
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From milligrams to gigatons: Start-up that sucks carbon dioxide from the atmosphere is building a big new plant in Iceland
Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal start-up Climeworks announced on Tuesday it is building a second commercial sized plant in Iceland. When fully operational in 18 to 24 months time, the plant will capture and store 36,000 metric tons per year of carbon dioxide. That’s a […]
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Recruiters say the tech job market is still red-hot, despite isolated layoffs and cautious words from execs
A ‘We’re Hiring!’ sign is displayed at a Starbucks Mario Tama | Getty Images News | Getty Images Last week, senior product manager for Coinbase David Hong wrote on LinkedIn that he was up at 4am to prepare for a meeting when his company MacBook abruptly shut down. He later found out he was part […]
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Tech leaders react to Roe v. Wade reversal
Salesforce CEO Marc Benioff, Microsoft co-founder Bill Gates, and departing Meta COO Sheryl Sandberg were among noteworthy tech executives speaking out publicly on Friday’s Supreme Court ruling which overturned Roe v. Wade. The ruling ends constitutional right to abortion in the U.S., which has stood since 1973. Apple CEO Tim Cook, Tesla and SpaceX CEO Elon […]
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Google memo on end of Roe v. Wade says employees may apply to relocate ‘without justification’
Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Google sent a companywide email Friday about the historic Supreme Court ruling overturning Roe v. Wade, explaining employees in affected […]
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Apple responds to Roe v. Wade rollback, company benefits cover out-of-state travel for reproductive care
An aerial view of Apple Park is seen in Cupertino, California, United States on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Apple employees can use their company benefits to travel out-of-state to receive medical care, the company confirmed on Friday. The benefit has been available to employees for over 10 years, […]
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Tech the new value stocks? Here are the 10 cheapest names in the tech space
Value investors are likely seeing some surprising names pop up in their search for cheap names these days. Instead of consumer staples and energy stocks, names such as Netflix and Meta are likely catching the eye of these types of investors. After bearing the brunt of the bear market, many once high-flying technology shares are […]
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