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By Manya Saini (Reuters) – PayPal’s forecast of flat growth in adjusted profit for the current year overshadowed its market-beating earnings report, sending shares of the payments giant down 7% in extended trading. On a post-earnings call, newly appointed CEO Alex Chriss laid out a strategic plan to turn the company leaner in its pursuit of driving profitable growth and ease pressure on its shares, which was one of the worst performers on the Nasdaq 100 Index in 2023. “We want to be clear eye… Source link

Snap stock (SNAP) tanked on Wednesday, sinking almost 35% as investors digested another disappointing quarterly report. The Snapchat parent company posted Q4 quarterly revenue of $1.36 billion, below Street estimates for $1.38 billion. The company has now missed revenue estimates on six of the last eight reports. And now, it says it expects to lose more money in the current quarter than Wall Street expected too. The company is now projecting an adjusted EBITDA loss in a range of $55 million… Source link

The Danish data protection authority (Datatilsynet) has issued an injunction regarding student data being funneled to Google through the use of Chromebooks and Google Workspace services in the country’s schools. The matter was brought to the agency’s attention roughly four years ago by a concerned parent and activist, Jesper Graugaard, who protested how student data is sent to Google without any consideration about the potential for misuse or the impact it could have on those persons… Source link

Judge Arthur Engoron gives lawyers for the state of New York and the defense in the $370 million civil financial fraud trial until 5 p.m. ET on Wednesday to detail what they know about former Trump Org. CFO Allen Weisselberg’s apparent negotiations to plead guilty to committing perjury during the trial. In the Georgia election interference case, 17 ethics experts, former prosecutors and defense attorneys file a legal brief with Judge Scott McAfee in which they argue that a sexual… Source link

Google Maps for Android now includes weather information and an air quality overlay to help you plan your journeys and avoid pollution. In Google Maps at the top left of the screen under the search bar and location filters, a tiny box has been added that provides the local weather forecast, temperature, and the daily air quality index. The box can be expanded to give more detailed weather information and hourly temperature forecasts for the next 12 hours. This information will also update if… Source link

The Google Maps UI has largely been unchanged for the past several years, but that’s now changing with pretty significant redesigns across key surfaces, including when searching for directions. For starters, tapping a place reveals a new sheet design that features close and share buttons in the top-right corner. There’s also a background sheet just behind the one you’re interacting with. Another change is how locations are no longer fullscreen and reveal a… Source link

Six of the tech stocks comprising the Magnificent Seven — Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Tesla (TSLA) — have reported earnings this season. What are tech investors learning from these results? Yahoo Finance Tech Editor Dan Howley breaks down the two biggest lessons expressed in mega-cap tech company performances: AI and the importance of fundamentals. For more expert insight and the latest market action, click here to watch… Source link

A few months after sharing initial details and images, Polestar’s flagship smartphone, developed by Meizu in China, has been spotted on Google’s API website as a device compatible with the Play Store. Details of the incoming Polestar Phone remain relatively light, but we can confirm it will run on Android and support Google Play. During a media event in China last fall, Geely and Volvo-owned (at least for now) EV brand Polestar ($PSNY) shared it was following the… Source link

A year ago today, Microsoft unveiled its ambitious plans for an AI-powered Bing search engine. It was the biggest launch in the history of Bing, helped push AI usage even further into the mainstream, and spurred a wave of dreams and panic about what AI could impact next. The launch was even successful enough to rattle Google, which was quickly seen as falling behind on artificial intelligence. “They will definitely want to come out and show that they can dance,” Microsoft CEO Satya… Source link

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The Elon Musk noise machine has been in hyperdrive lately. There’s the Delaware court ruling voiding his pay package as Tesla CEO. The report alleging that Tesla board members felt pressured to take illegal drugs to stay in Musk’s good graces. And the drumbeat of negative analyst chatter from the likes of Daiwa and Piper Sandler this week. Separating noise from… Source link