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Mark Zuckerberg says economic downturn is here, so Meta must do more with less
Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Meta Platforms CEO Mark Zuckerberg said on the company’s second-quarter earnings call Wednesday that the economy seems to be in a downturn that will hurt digital advertising, so the Facebook parent company must […]
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Meta reports earnings miss and forecasts second consecutive quarter of declining revenue
People take photos of the new “Meta” sign at the One Hacker Way in Menlo Park, as Facebook changes its company name to Meta in California, on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Facebook parent Meta reported a steeper-than-expected drop in revenue, missed on earnings and issued a surprisingly weak […]
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YouTube has ‘obvious math’ problem as growth slows dramatically from pandemic highs
Susan Wojcicki, CEO of YouTube, speaks at the Atlantic Festival in Washington, DC, on September 25, 2019. Nicholas Kamm | AFP | Getty Images Throughout the pandemic, YouTube was one of Google’s main economic engines, benefiting from a surge in video consumption from people stuck at home trying to stay entertained. All that growth has […]
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Alphabet misses on earnings and revenue for second quarter
Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Alphabet reported weaker-than-expected earnings and revenue for the second quarter. The stock rose about 2% in extended trading. Here’s how the company did: Earnings per share […]
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Microsoft set to report earnings after the bell
Microsoft chief executive officer Satya Nadella talks at a Microsoft news conference in New York. Don Emmert | AFP | Getty Images Microsoft will announce its fiscal fourth-quarter results after markets close on Tuesday. Here’s what analysts are looking for: Earnings: $2.29 per share, adjusted, as expected by analysts, according to Refinitiv. Revenue: $52.44 billion […]
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Sisters Kylie Jenner and Kim Kardashian urge Instagram to stop copying TikTok
Kylie Jenner on May 03, 2019 in New York City. Pierre Suu | GC images | Getty Images Celebrity sisters Kylie Jenner and Kim Kardashian criticized Instagram on Monday, urging the app to stop mimicking rival TikTok. To their hundreds of millions of Instagram followers, Jenner and Kardashian posted a message that read, “Make Instagram […]
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13 of our companies report earnings this week. Here’s what Wall Street expects
Traders work on the floor of the New York Stock Exchange (NYSE) on January 18, 2022 in New York City. The Dow Jones Industrial Average fell nearly 500 points in morning trading as investors weigh quarterly earnings and other economic news in a shortened trading week. Spencer Platt | Getty Images Source
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Dan Niles dumps internet stocks ahead of an ‘ugly’ week of earnings
Hedge fund manager Dan Niles said Monday that he dumped a number of internet and megacap tech stocks going into earnings this week. “What you saw on Friday was really much worse results coming out of that market than anybody anticipated,” Niles said in a CNBC ” Closing Bell ” interview. “This is going to […]
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Facebook’s stumbling ad business lies at the center of Big Tech earnings week
The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Arnd Wiegmann | Reuters It’s earnings palooza week for Big Tech, with the four most valuable U.S. companies plus Meta all reporting quarterly results. Alphabet and Microsoft kick off the action on Tuesday, with Apple and Amazon wrapping things up on Thursday. […]
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5 things to know before the stock market opens Monday
U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, June 15, 2022. Elizabeth Frantz | Reuters […]
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