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Trade Desk tanks almost 40% on CFO departure, tariff concerns and competition from Amazon
Jeff Green, CEO of The Trade Desk. Scott Mlyn | CNBC Shares of The Trade Desk plummeted almost 40% on Friday and headed for their worst day on record after the ad-tech company announced the departure of its CFO and analysts expressed concerns about rising competition from Amazon. The Trade Desk, which went public in […]
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Tech is getting a boost from AI ad tools. Some companies are being left behind
Mark Zuckerberg, CEO of Meta Platforms Inc., arrives for the Meta Connect event in Menlo Park, California, on Sept. 25, 2024. David Paul Morris | Bloomberg | Getty Images Artificial intelligence has been a shot in the arm for digital advertising. Meta and Alphabet both reported sales and earnings that beat Wall Street’s expectations, but […]
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Intel CEO responds to ‘misinformation’ and Trump threat in letter to employees
Lip-Bu Tan, CEO of Intel, appears at an event organized by the company. Andrej Sokolow | Picture Alliance | Getty Images Intel CEO Lip-Bu Tan addressed “misinformation” about his previous roles after President Donald Trump called for his resignation and raised ethical concerns. ” I want to be absolutely clear: Over 40+ years in the industry, […]
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England Lionesses’ Jess Carter says social media platforms ‘need to do better’ after facing racial abuse online
Jess Carter of England running during the UEFA Women’s EURO 2025 Final match between England and Spain. Richard Sellers/allstar | Getty Images Sport | Getty Images England Lioness and Gotham FC defender Jess Carter said social media companies can do more to police hate comments online after she faced racial abuse during the Euro 2025 […]
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Instagram’s map feature spurs user backlash over geolocation privacy concerns
Nurphoto | Nurphoto | Getty Images The launch of an Instagram feature that details users’ geolocation data illicited backlash from social media users on Thursday. Meta debuted the Instagram Map tool on Wednesday, pitching the feature as way to “stay up-to-date with friends” by letting users share their “last active location.” The tool is akin […]
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Instacart tops estimates, issues upbeat outlook
The Instacart logo is seen on a smartphone and on a PC screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Instacart‘s second-quarter earnings topped estimates and the grocery delivery company issued strong guidance after the bell Thursday. Shares jumped more than 6% in extended trading. Here’s how the company did versus LSEG […]
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Pinterest stock falls 10% after earnings miss
Bill Ready, CEO of Pinterest, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California, on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Pinterest shares were down more than 10% on Thursday after the company reported second-quarter earnings that missed on earnings per share. […]
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AppLovin CEO sees benefits from Apple-Epic fallout as stock pops on earnings
Adam Foroughi, CEO of AppLovin. CNBC AppLovin shares resumed their historic rally on Thursday after the ad-tech company reported better-than-expected earnings for the second quarter. The stock popped 11% and is now up 34% for the year after soaring more than eightfold in 2024. Wall Street has piled into the company due to its growth […]
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California jury rules Meta violated privacy law in case involving period-tracking app
Facebook CEO Mark Zuckerberg departs E. Barrett Prettyman United States Court House on April 14, 2025 in Washington, DC. Andrew Harnik | Getty Images A California jury ruled against Meta in a privacy-related lawsuit involving the alleged collection of sensitive data from Flo, a period-tracking app. The jury ruled that the plaintiffs proved that Meta […]
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Duolingo stock skyrockets 30% on boosted guidance as AI powers user growth
A Duolingo logo is seen on a smartphone. Pavlo Gonchar | LightRocket | Getty Images Duolingo shares skyrocketed more than 30% after the language learning platform boosted its guidance due to strong user growth driven by artificial intelligence. The mobile learning platform hiked its full-year guidance to between $1.01 billion and $1.02 billion, up from […]
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