Snap shares plunge more than 20% on weak guidance
Evan Spiegel, co-founder and CEO of Snap Inc., during the Bloomberg Technology Summit in San Francisco on May 9, 2024. David Paul Morris | Bloomberg | Getty Images Snap shares …
Snap Inc
Amazon’s advertising business grew 20% in the second quarter
Future Publishing | Future | Getty Images Amazon’s online advertising business brought in $12.77 billion during the second quarter, marking a 20% year-over-year increase, but missing analysts’ estimates. Amazon disclosed …
Meta shows its AI spending is already paying off in big earnings beat
Meta Platforms on Wednesday reported better than expected quarterly results, delivering revenue at the high end of guidance thanks to a roughly 22% increase in advertising dollars. While there are …
Pinterest (PINS) Q2 2024 earnings
Bill Ready, CEO of Pinterest, rings the opening bell at New York Stock Exchange (NYSE) in New York City, U.S., May 15, 2024. Brendan McDermid | Reuters Pinterest shares sank …
Temu, Shein soaring popularity could hit Amazon, Meta, eBay earnings
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds …
Major Tech, Kids Safety Reform Bills Face Senate Vote
Senate Majority Leader Charles Schumer, D-N.Y., fields questions about the candidacy of President Joe Biden after the senate luncheons in the U.S. Capitol on Tuesday, July 9, 2024. Tom Williams …
Billionaire Frank McCourt’s TikTok bid backed by parents group
Frank McCourt, civic entrepreneur, executive chairman of McCourt Global and founder of Project Liberty, speaks at The Wall Street Journal’s Future of Everything Festival in New York City on May …
Pinterest shares soar 18% on earnings beat, strong revenue growth
Sopa Images | Lightrocket | Getty Images Shares of Pinterest popped 18% in extended trading Tuesday after the company reported first-quarter results that beat analysts’ estimates and showed its fastest …
Amazon’s advertising revenue jumps 24% in first quarter
An Amazon contract worker stacks packages onto a luggage cart outside an apartment building in New York, US, on Tuesday, April 16, 2024. Angus Mordant | Bloomberg | Getty Images …
Amazon (AMZN) Q1 earnings report 2024
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon will report first-quarter earnings …