Meta Platforms Inc
Snap shares dive 35% following poor earnings report
In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Shares of Snap fell 35% Friday morning, a day after the company reported disappointing second-quarter results. Snap missed Wall […]
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Social media and online ad stocks drop in wake of alarming Snap earnings report
Snap Inc. signage is displayed on screens outside of the Morgan Stanley building in New York. Michael Nagle | Bloomberg | Getty Images Social media and ad tech stocks fell in after-hours trading on Thursday after Snap reported disappointing second-quarter results and plans to slow hiring. Analysts were expecting sales growth of 18% for the […]
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Why Amazon’s three biggest deals ever were for a grocery chain, movie studio, and health care provider
A sign is posted in front of a One Medical office on July 21, 2022 in San Rafael, California. Justin Sullivan | Getty Images Amazon still makes most of its revenue from orders placed through its online stores, and most of its profit from its cloud computing arm. Both of those businesses were built almost […]
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Stocks making the biggest moves after hours: Snap, Meta Platforms, Mattel and more
People walk past Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines after the bell: Snap – Shares of the Snapchat parent company plummeted more than 26% in extended trading after reporting a miss on the […]
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Snap shares plunge 25% on disappointing second-quarter results and plans to slow hiring
Kirsty O’Connor | Getty Images Snap shares plummeted more than 25% in extended trading on Thursday after the social media company reported disappointing second-quarter results and said it plans to slow hiring as it reckons with weakening revenue growth. Co-founders Evan Spiegel, the CEO, and technology chief Bobby Murphy agreed to new employment contracts that […]
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Facebook goes old school with a new feed that favors friends and family
Facebook is launching a new feature on Thursday that lets users see posts in reverse chronological order rather than content that’s been ranked by an algorithm. Called “Feeds,” the tool is a dedicated tab in the Facebook app that shows all the latest posts from users’ friends. The main news feed will now be known […]
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5 things to know before the stock market opens Thursday
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2022. Brendan Mcdermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stocks mixed Futures were down on the Dow and the S&P 500, while the Nasdaq […]
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Microsoft eases up on hiring as economic concerns hit more of the tech industry
Satya Nadella, chief executive officer of Microsoft Corp., appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Microsoft said it will decelerate the pace of hiring new employees given current economic conditions, following similar announcements from its tech counterparts. “As […]
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Google will once again test augmented reality glasses in public
Google AR glasses prototype Google Google will test augmented reality prototypes in public settings, the company said in a blog post on Tuesday. Some prototypes will look like normal glasses and will be equipped with microphones and cameras as well as transparent displays. The new glasses aren’t a product yet and aren’t available to the […]
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Microsoft is adding video stories to Teams to liven up the chat app
Microsoft CEO Satya Nadella gestures during a session at the World Economic Forum annual meeting in Davos on May 24, 2022. Fabrice Coffrini | AFP | Getty Images Microsoft on Tuesday announced Viva Engage, a new portal coming to the Teams communication app that will let co-workers share video stories documenting their activities. It might […]
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