Social media
Piper Sandler downgrades Pinterest and Snap, says digital ad sector won’t bounce back soon
Two beaten-down internet stocks could be in for an extended struggle with the digital advertising market in flux, according to Piper Sandler. Analyst Thomas Champion downgraded Snap and Pinterest to neutral from overweight, saying that advertising-dependent stocks are not great rebound candidates for investors. “After a strong two-year stretch, digital ad spend looks to be […]
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Sheryl Sandberg was Facebook’s adult in the room, but it’s always been a Zuckerberg production
Mark Zuckerberg, chief executive officer of Facebook Inc., right, Sheryl Sandberg, chief operating officer of Facebook, left, applaud after remotely ring the opening bell for trading at the Nasdaq MarketSite from the Facebook campus in Menlo Park, California Zef Nikolla | Facebook | Bloomberg When Facebook held its Nasdaq debut 10 years ago, the prospectus […]
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Facebook parent Meta COO Sheryl Sandberg is stepping down
Sheryl Sandberg is stepping down from her role as Chief Operating Officer at Meta, the company formerly known as Facebook. Sandberg joined Facebook in early 2008 as the No. 2 to Facebook CEO and co-founder Mark Zuckerberg, and helped turn Facebook into an advertising juggernaut and one of the most powerful companies in the tech […]
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Binance raises $500 million fund to invest in ‘Web3’ as crypto slides into bear market
Binance is the world’s biggest cryptocurrency exchange, handling $490 billion of spot trading volumes in March 2022. Akio Kon | Bloomberg | Getty Images Binance, the world’s largest cryptocurrency exchange, is launching its own venture capital fund. The company’s venture arm, Binance Labs, said Wednesday it has raised $500 million for its debut start-up fund, […]
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Supreme Court blocks Texas social media law that tech companies warned would allow hateful content to run rampant
A person walks down the sidewalk near the U.S. Supreme Court building in Washington, D.C., February 16, 2022. Jon Cherry | Reuters The Supreme Court on Tuesday blocked a controversial Texas social media law from taking effect, after the tech industry and other opponents warned it could allow for hateful content to run rampant online. […]
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Facebook’s transformation to Meta will be complete with new ticker symbol on June 9
The Meta Platforms Inc. pavilion on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Monday, May 23, 2022. Jason Alden | Bloomberg | Getty Images Meta is about to shed the last of its old corporate name. The Facebook-parent company announced Tuesday that it will change its stock ticker symbol […]
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BeReal is the latest buzzy social media app trying to go mainstream. Here’s how it works
Zoom In IconArrows pointing outwards BeReal | Jessica Bursztynsky Popular social media apps come and go with frequency, as developers try to find the next big that will go viral with Gen Z users. Most flame out long before reaching the status of an Instagram or Snapchat. Among the newbies gaining steam and aiming to […]
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Twitter director Egon Durban won’t leave the board after shareholders voted to boot him
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter director Egon Durban won’t leave the board, even though he offered to resign […]
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‘Hypocrisy,’ ‘naivety’ and ‘greed’: Europe chided for failing to stop Putin’s war
DAVOS, Switzerland — The European Union failed to counter Russian President Vladimir Putin and needs to now strike flexible alliances across the world and search for new friends, current and former leaders told CNBC on a panel at the World Economic Forum. “We are too Euro-centric on this crisis, in the sense we think this […]
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Twitter shareholders sue Elon Musk and Twitter over chaotic deal
Sheldon Cooper/SOPA Images | Lightrocket | Getty Images Twitter shareholders are suing Elon Musk, and Twitter itself, over their handling of a chaotic acquisition process that is still underway, and that has contributed to volatile price swings in the company’s stock price. The Tesla and SpaceX CEO revealed a significant stake in Twitter on April 4, and ten […]
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