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Meta vs. the FTC: The blockbuster antitrust trial kicks off
Technology

Meta vs. the FTC: The blockbuster antitrust trial kicks off

This photo illustration created on January 7, 2025, in Washington, DC, shows an image of Mark Zuckerberg, CEO of Meta, and an image of the Meta logo.  Drew Angerer | Afp | Getty Images Meta will face off against the U.S. Federal Trade Commission on Monday in a high-stakes antitrust trial that could result in […]

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AppLovin shares plunge 20% after third short-selling firm slams company’s ad technology
Technology

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 […]

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Gen Z’s wealth effect will shape the economy over time — here’s who will benefit
World

Gen Z’s wealth effect will shape the economy over time — here’s who will benefit

With rising incomes and a willingness to spend, Generation Z could have a profound impact on the economy and the market. The cohort’s global income levels are expected to increase from $9 trillion in 2023 to $36 trillion around 2030 and $74 trillion by 2040 — the largest of all generations, Bank of America said […]

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Samsung to launch its Apple Vision Pro rival headset this year
World

Samsung to launch its Apple Vision Pro rival headset this year

Samsung’s extended reality ‘Project Moohan’ headset on display at the Mobile World Congress 2025 in Barcelona. Arjun Kharpal | CNBC Samsung will launch its extended reality headset this year, a spokesperson for the company told CNBC on Tuesday. The device, dubbed Project Moohan, is Samsung’s answer to Apple‘s $3,500 Vision Pro, which was launched last […]

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A growing digital ad market is benefiting giants like Meta and smaller players like Reddit
Technology

A growing digital ad market is benefiting giants like Meta and smaller players like Reddit

Jaque Silva | Nurphoto | Getty Images The digital advertising market is doing so well that even Reddit is getting a cut of the spoils. Reddit on Wednesday reported fourth-quarter revenue of $428 million, which was up 71% from the previous year and represents the fastest growth rate for any quarter since 2022. Although Reddit’s […]

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Reddit shares plunge after Google algorithm change contributes to miss in user numbers
World

Reddit shares plunge after Google algorithm change contributes to miss in user numbers

Steve Huffman, co-founder and CEO of Reddit, speaks during WSJ Tech Live conference hosted by the Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on October 21, 2024.  Frederic J. Brown | Afp | Getty Images Reddit shares fell more than 15% on Wednesday after the company reported weaker-than-expected user numbers in […]

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Stocks making the biggest moves premarket: Coca-Cola, Shopify, Snap, First Solar & more
Finance

Stocks making the biggest moves premarket: Coca-Cola, Shopify, Snap, First Solar & more

Check out the companies making headlines in premarket trading. Coca-Cola — The soda maker popped 3% after beating Wall Street expectations on both lines for the fourth quarter. Coca-Cola earned 55 cents adjusted per share on $11.54 billion in revenue, while analysts polled by LSEG forecasted 52 cents in earnings per share and $10.68 billion […]

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Pinterest shares rocket 19% on strong revenue and user growth
Technology

Pinterest shares rocket 19% on strong revenue and user growth

Sopa Images | Lightrocket | Getty Images Pinterest shares surged 19.1% after the company beat Wall Street’s fourth-quarter sales estimates and showed robust user growth from a year ago. The image-sharing company reported revenues of $1.15 billion, ahead of a $1.14 billion estimate from analysts surveyed by LSEG. The figure represented 18% year-over-year growth. Along […]

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NFL goes after Gen Z fans by courting creators on YouTube, Instagram and Snapchat
Technology

NFL goes after Gen Z fans by courting creators on YouTube, Instagram and Snapchat

Katie Austin normally publishes fitness content to her Instagram and YouTube channel. But this week, she’s been posting a steady trickle of content from New Orleans. That’s because Austin, 31, from California, is one of hundreds of creators who have swarmed the Big Easy for Super Bowl 59, getting paid large contracts to make social […]

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Amazon’s advertising business grew 18% in the fourth quarter
Technology

Amazon’s advertising business grew 18% in the fourth quarter

An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022.  Graham Hughes | Bloomberg | Getty Images Amazon’s online advertising business logged $17.29 billion in the fourth quarter, up 18% from a year ago. Analysts polled by StreetAccount were expecting Amazon to report ad revenue of […]

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