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Cisco shares head for best day since 2020 on earnings beat, plans to cut 7% of workforce
Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023. Hollie Adams | Bloomberg | Getty Images Cisco shares jumped about 8% on Thursday and headed for their best day since March 2020, after the computer networking company said it’s cutting 7% of […]
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Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter
Cisco CEO Chuck Robbins participates at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023. Hollie Adams | Bloomberg | Getty Images Cisco shares popped in extended trading on Wednesday after the networking company said it’s cutting 7% of its global workforce and reported quarterly results that topped analysts’ estimates. Here are the […]
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Biden hosts first ‘Creator Economy Conference’ for influencers to talk AI, privacy and more
U.S. President Joe Biden departs the White House on August 13, 2024 in Washington, DC. Biden is traveling to New Orleans to participate in a Biden Cancer Moonshot Event. Kevin Dietsch | Getty Images News | Getty Images The White House hosted 100 digital content creators and industry professionals Wednesday to speak with key officials […]
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Reddit’s increased reliance on Google traffic has Wall Street anxious to see if visitors sign up
The trading floor of the New York Stock Exchange prepares for the social media platform Reddit’s initial public offering in New York City on March 21, 2024. Spencer Platt | Getty Images For nearly a decade, Tom Wahlin’s popular travel gear site Pack Hacker ranked high in Google’s search results by publishing deeply researched product […]
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Instagram is failing to crack down on hate speech against women politicians as elections near, advocacy group says
Instagram has failed to remove toxic comments directed at Vice President Kamala Harris and other leading female politicians from its app as the 2024 election nears, according to research from the Center for Countering Digital Hate. The non-profit advocacy is analyzing large internet platforms to see if they’re properly monitoring their sites for hate speech. […]
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Chinese tech giant Tencent’s quarterly profit jumps 82% as key gaming unit accelerates
Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023. Nurphoto | Nurphoto | Getty Images Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated. Here’s how Tencent did in the June quarter against LSEG consensus estimates: Revenue: 161.12 billion Chinese […]
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Texas judge in X’s lawsuit against advertisers recuses himself after report he owned Tesla stock
Jaque Silva | SOPA Images | Lightrocket | Getty Images The judge overseeing X’s lawsuit against advertisers has recused himself following a news report that showed he owned shares of Tesla. In a recusal notice dated Aug. 13, U.S. District Judge Reed O’Connor in Texas backed out of X’s case against the World Federation of […]
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UAW hits Musk, Trump with federal labor charges over union busting comments
This combination of pictures shows Elon Musk, left, and Donald Trump, right. Afp | Getty Images The United Auto Workers on Tuesday filed federal labor charges with the National Labor Relations Board against former President Donald Trump and billionaire Elon Musk for publicly applauding the practice of firing employees who threaten to strike. “I look […]
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Elon Musk, Donald Trump event on X crashes site, Tesla CEO blames cyberattack
Elon Musk (L) and Donald Trump (R). David Swanson | Vincent Alban | Reuters Elon Musk’s much-hyped interview of former President Donald Trump on the social media platform X was quickly derailed by technical glitches in the first minutes of the scheduled start time on Monday evening. Social media users trying to log on to […]
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European Commission warns Elon Musk ahead of Trump interview to keep hate speech off X
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images The European Commission on Monday warned X Corp. owner Elon Musk and CEO Linda Yaccarino that the company may […]
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