Tag Archives: parent

Spotify stock (SPOT) erased gains on Wednesday after a new report from The Wall Street Journal revealed that TikTok parent company ByteDance has begun talks with music labels to expand its music-streaming service, dubbed Resso. According to the report, ByteDance wants to eventually integrate the service with social media juggernaut TikTok — a platform known for discovering new music and making songs go viral — as the company looks to expand the offering into more global markets…. Source link

What’s happening Facebook parent company Meta and Google… Source link

A Google sign is pictured outside the Google office in Berlin, Germany, August 31, 2021. REUTERS/Annegret Hilse Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Alphabet Inc (GOOGL.O) on Tuesday barely missed estimates for quarterly revenue, showing that its industry-leading Google search and advertising business may be able to withstand big countries potentially going into recession over the next year. Shares of Alphabet rose 3.5% in after-hours trading.

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Everyone’s coming for Mark Zuckerberg and Meta On Monday, Washington D.C.’s attorney general cited Cambridge Analytica in a new lawsuit seeking to hold Meta (FB) CEO Mark Zuckerberg personally responsible for the social media giant’s privacy lapses. For those unaware, the consulting firm is… Source link

The suit by Match Group (MTCH) is the latest antitrust complaint to hit Google (GOOG) after years of scrutiny over its business practices. The suit, which was filed in the US District Court for the Northern District of California, alleges that Google not only has a monopoly on the distribution of Android apps, but also forces app makers to accept contract language that locks them into using Google’s in-app payment technology and requires them to pay fees to Google. “These exorbitant ‘fees’… Source link

Shares of Facebook parent Meta (FB) soared in early trading Thursday on the back of its Q1 earnings report. Shares of the social media giant were up more than 14% despite a miss on revenue expectations, as investors and analysts digested the company’s plans to scale back spending. On the surface, Meta’s report wasn’t all that great. It missed on revenue estimates, with analysts expecting the company to bring in $28.24 billion rather than the $27.9 billion it reported. But the company… Source link

After a record-breaking 2021 with annual revenue of $257 billion — the first time it has gone over $200 billion for a year — Google’s parent company reports in a filing (pdf) that it has started off 2022 with Q1 revenue that’s up 23 percent from the same period last year, reaching $68 billion. However, with expenses up compared to 2021, its net profit actually dropped to $16.4 billion compared to last year’s $17.9 billion. In an accompanying statement, Google and Alphabet CEO… Source link

Text size Google on a tablet Dreamstime Google’s parent Alphabet is set to report… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, February 16, 2022 Meta wants to sell us the metaverse without saying what it is Facebook parent Meta (FB) is banking on the metaverse to save it from plateauing user numbers and competition from the likes of TikTok. But the social media giant blew its first real chance at giving the… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, February 9, 2022 Facebook parent Meta is making a risky bet on the metaverse The hits keep coming for Facebook parent company Meta (FB). After a devastating earnings report last week, the company’s stock price has fallen off a cliff. On Tuesday the precipitous drop pushed Meta’s… Source link