Social media
Dozens of fake news websites and social media accounts pushed pro-China talking points
In this photo illustration, the People’s Republic of China flag logo is displayed on a smartphone screen on 25 July 2022. A Chinese marketing firm hosted a ring of at least 72 fake news sites in 11 languages with corresponding fake social media personas that pushed Chinese government talking points, according to research published Thursday. […]
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The confusing job market: Tech and finance brace for the worst, retail is mixed, travel can’t hire fast enough
JetBlue Airways passengers in a crowded terminal on April 7, 2022 in the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Robert Nickelsberg | Getty Images News | Getty Images It wasn’t long ago that Amazon, Shopify and Peloton doubled their workforces to manage through the pandemic surge, while Morgan Stanley staffed up to handle […]
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Why Amazon’s digital ad business grew faster than all its rivals in the second quarter
The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images Social media giants Meta and Snap are telling investors that the online advertising market is experiencing some turbulence due to the economic slowdown. Amazon is sending a very different message. While the bulk of its business comes […]
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Instagram boss Adam Mosseri to move to London as Meta tries to counter TikTok’s rise
Instagram CEO Adam Mosseri Elizabeth Frantz | Reuters Instagram chief Adam Mosseri is relocating from San Francisco to London, in a bid to boost parent company Meta’s ambition to lure users away from TikTok as it grapples with a slump in users. Mosseri will move to London later this year, and the move will be […]
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Pinterest shares jump after Elliott confirms it’s the company’s largest investor
Shares of Pinterest jumped 14% Tuesday morning, a day after activist investor Elliott Management confirmed it’s Pinterest’s largest investor. The move comes despite Pinterest’s disappointing second-quarter earnings on Monday evening. “Pinterest is a highly strategic business with significant potential for growth, and our conviction in the value-creation opportunity at Pinterest today has led us to […]
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Pinterest climbs on user numbers and Elliott investment even as financials disappoint
A woman walks past sign at the headquarters of Pinterest in the South of Market neighborhood of San Francisco. Smith Collection | Gado | Archive Photos | Getty Images Pinterest shares jumped on better-than-expected user numbers even as earnings and revenue missed estimates and the company gave weak guidance for the third quarter. Activist investor Elliott […]
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Senate won’t vote on tech antitrust bill before summer recess, Klobuchar says
U.S. Senate Rules and Administration Committee Chair Sen. Amy Klobuchar (D-MN) presides during a Senate Rules and Administration Committee oversight hearing to examine the U.S. Capitol Police following the January 6, 2021 attack on the Capitol, one day before the anniversary of the attack in Washington, U.S., January 5, 2022. Elizabeth Frantz | Reuters The […]
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A decline in paying subscribers could hurt Bumble shares, Jefferies says in downgrade
Investors should keep an eye on the number paying subscribers for Bumble , according to Jefferies. Analyst Brent Thill downgraded shares of Bumble to hold from buy, expecting dwindling revenue growth, among other challenges, for the online dating company. “While our 3P data checks show an acceleration in Q2 rev and downloads for the Bumble […]
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Elon Musk countersues Twitter over merger, but details aren’t yet public
Tesla CEO Elon Musk. Patrick Pleul | AFP | Getty Images Elon Musk countersued Twitter on Friday, intensifying the conflict between the Tesla CEO and the social networking company he agreed to buy, but the lawsuit is not yet available to the public. It wasn’t clear why Musk wanted to carry out a countersuit in […]
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The Elon Musk-Twitter trial will start October 17
“The past two years have been an absolutely nightmare of supply chain disruptions, one thing after another, and we are not out of it yet,” Tesla CEO Elon Musk said. Patrick T. Fallon | Reuters Twitter and Tesla CEO Elon Musk will go to trial starting on October 17 in Delaware to resolve Musk’s attempt […]
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