LONDON – VK, owner of Russian social network VKontakte, reported a second-quarter net loss of 3.4 billion roubles ($56 million) on Thursday, partly due to a 14 billion rouble ($231 million) foreign exchange hit. The VKontakte network, often compared to Facebook, has emerged as a key player in the race to replace Western services in the wake of Russia’s invasion of Ukraine and blocks imposed by Moscow since then on Western social media platforms. VK’s second quarter result was… Source link

Lowe’s stock is getting nailed with a downgrade by analysts at Citi on fears that a rapid cooling in the housing market will hammer demand at the home improvement retailer. Citi analyst Steven Zaccone slashed his rating on Lowe’s to neutral from buy on Thursday. “We see risk of a 2Q miss on same-store sales and EPS vs. Street with the potential to cut FY22 guidance given the weak first half results,” Zaccone wrote in a new note to clients. “We believe the buy-side is bracing for a miss and… Source link

As Google continues the great merger between its Duo and Meet video communications apps, the company today announced that it’s introducing new Apple SharePlay-like live-sharing features to Meet, making it easier for call-participants to engage with content together in real time. It’s worth noting that Google already introduced some live-sharing features (e.g. watching YouTube videos together) to Duo back in February, and now it’s bringing them to Meet as the… Source link

LONDON (Reuters) – VK, owner of Russian social network VKontakte, reported a second-quarter net loss of 3.4 billion roubles ($56 million) on Thursday, partly due to a 14 billion rouble ($231 million) foreign exchange hit. The VKontakte network, often compared to Facebook, has emerged as a key player in the race to replace Western services in the wake of Russia’s invasion of Ukraine and blocks imposed by Moscow since then on Western social media platforms. VK’s second quarter result was… Source link

Marina Krasnova, General Director of VKontakte, attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 16, 2022. REUTERS/Anton Vaganov Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 11 (Reuters) – VK (VKCOq.L), owner of Russian social network VKontakte, reported a second-quarter net loss of 3.4 billion roubles ($56 million) on Thursday, partly due to a 14 billion rouble ($231 million) foreign exchange hit. The… Source link

Until recently, Tanuja Gupta was a senior manager at Google News. She was involved in various forms of activism at the company, and, in April, she invited Thenmozhi Soundararajan, the founder of Equality Labs, a nonprofit, to speak about the subject of caste discrimination. (India’s caste system, which has existed in some form for centuries, separates Hindus into broadly hierarchical groups that often correspond to historical religious practice and familial professions. Those at the bottom… Source link

Google Fiber, the Alphabet division focused on offering high-speed internet access in the US, has ambitious plans to expand its fiber services in the next three to five years, the company announced in a blog post. It wants to launch fiber services in five new states, which include previously announced plans to enter Arizona and Colorado, as well as Nebraska, Nevada, and Idaho. In total, Reuters reports that Google Fiber hopes to expand to 22 metro areas, from 17 today. It’s a big… Source link

Yandex (NASDAQ:YNDX – Get Rating) was the recipient of unusually large options trading activity on Wednesday. Investors bought 1,814 put options on the company. This represents an increase of 1,437% compared to the typical volume of 118 put options. Yandex Price Performance YNDX stock opened at $18.94 on Thursday. The company’s fifty day moving average price is $18.94 and its 200-day moving average price is $23.25. Yandex has a one year low of $14.11 and a one… Source link

Yandex (NASDAQ:YNDX – Get Rating) and Applied Blockchain (OTCMKTS:APLD – Get Rating) are both computer and technology companies, but which is the better business? We will compare the two companies based on the strength of their valuation, dividends, profitability, institutional ownership, risk, analyst recommendations and earnings. Insider & Institutional Ownership 66.8% of Yandex shares are owned by institutional investors. Comparatively, 2.7% of Applied… Source link

Yandex will export the development of unmanned transportation technologies overseas, writes Kommersant, as well as its scientific references. It became apparent that company is already transferring the related construction from cloud services of foreign providers to cloud services. Get the images here: taxi.yandex.ru. An expert from the companys specialized division spoke about Yandexs plans to transfer the development of unmanned taxis and delivery robots to Israel. As a result,… Source link