This story originally appeared on Zacks Yandex N.V. YNDX reported third-quarter 2021 adjusted earnings of 5 cents per share, beating the Zacks Consensus Estimate by 25%.However, the bottom line declined 81.5% year over year.Revenues were $1.25 billion. In ruble terms, the figure stands at RUB 91.3 billion, which rose 57% on a year-over-year basis.The reported revenue figure includes the consolidated financial results of Yandex.Market.Strengthening momentum across the… Source link

Facebook (FB) is changing its name to Meta as it focuses on the metaverse, a series of interconnected, persistent virtual worlds that let people interact with digital objects and avatars. The company’s existing Facebook app will still retain its name.  CEO Mark Zuckerberg announced the rebranding during the company’s Connect conference on Thursday, which offered a further glimpse into the company’s plans for the so-called metaverse in the coming decade. “We believe the metaverse will be the… Source link

Wall Street isn’t letting a 93% explosion in the value of Ford’s stock this year stop them from predicting further gains ahead as the automaker continues to chop away at costs and rolls out a host of new electric vehicles.  “Q3 results were solid globally showing the benefit of restructuring the new higher margin products and we continue to see numerous catalysts including production recovery as semi capacity comes back, further updates on Argo AI, and new product launches,” said Wells Fargo… Source link

Yandex N.V. (YNDX Quick QuoteYNDX – Free Report) reported third-quarter 2021 adjusted earnings of 5 cents per share, beating the Zacks Consensus Estimate by 25%. However, the bottom line declined 81.5% year over year. Revenues were $1.25 billion. In ruble terms, the figure stands at RUB 91.3 billion, which rose 57% on a year-over-year basis. The reported revenue figure includes the consolidated financial results of Yandex.Market. Strengthening momentum across the… Source link

Photo-Illustration: Intelligencer. Photo: Getty Images As a torrent of bad press consumes Facebook — or whatever the company may soon be renamed — it’s worth remembering that to become an industry-dominating social-media Goliath, sometimes you need a little help from your friends. Perhaps they’re better described as co-conspirators.

In a market full of wild valuations, Bill Gates holds these stocks for the stable income growth Having sold most of his shares in Microsoft, Bill Gates doesn’t stand to gain nearly as much from the company’s market-topping Q2 as some of the other big shareholders. But it’s safe to say that both Gates and his well-known charity will be just fine. Gates is still worth more than $135 billion, according to Forbes, while the Bill & Melinda Gates Foundation Trust remains loaded with winning… Source link

Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, U.S. June 3, 2019. REUTERS/Mason Trinca Apple (AAPL) will report Q4 earnings after the closing bell on Thursday, and analysts will pay close attention to demand for the new iPhone 13 lineup and the company’s ability to withstand the ongoing chip shortage. Here’s what Wall Street is expecting from the quarter, as compiled by Bloomberg, compared with how Apple performed in the same quarter… Source link

In the coming weeks, Google is rolling out end-to-end encrypted phone calls on its Google Fi MVNO, the search giant announced today. When enabled, the feature means that no one, not even Google, can listen in on the contents of a call. Although it’s possible to have end-to-end encrypted audio calls through services like FaceTime and WhatsApp, Google Fi’s new feature makes it the default for regular phone calls. The feature is a little limited in its current form. Google’s end-to-end… Source link

This article is part of the On Tech newsletter. Here is a collection of past columns. Google and Facebook love to talk about the cutting-edge stuff that they’re working on. Metaverse! Driverless cars! Cloud! Artificial intelligence! The reality, though, is that these tech companies are rich and powerful because they are the biggest sellers of advertising in the world. They do essentially the same thing that William Randolph Hearst did a century ago: They draw our attention to try to sell us… Source link

Amazon (AMZN) reported third-quarter sales and earnings results that missed Wall Street’s estimates, reflecting a growth deceleration after the pandemic stoked a surge in online shopping last year and earlier in 2021.  The company also flagged that it would see additional costs as a result of supply chain challenges in the fourth quarter. Shares dropped by more than 4% in late trading.  Here were the main metrics from Amazon’s report, compared to consensus estimates compiled by Bloomberg: