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S&P 500 and Amazon climb as Meta Platforms offset growth fears
... battered technology and growth stocks and offset concerns around a contraction in U.S. economic growth in the first quarter. The Facebook -parent rose 12.4% after it reported a stronger than expected profit and the social-networking site eked out user growth.... ... of the 11 major S&P 500 sectors advanced in early trading, leading to gains in technology and communication services. Apple Inc, the world's most valuable company, and e-commerce giant Amazon.com Inc gained 1.9% and 2.1% ahead of their earnings later ...
Updated: 04/28/2022
Global ad industry to grow faster this year than expected
... growth of 15.6%. Both estimates were revised up from previous expectations. This is the fastest-growing year in the advertising industry, according to Wieser at the UBS conference on Monday. Growth has been a boon for Alphabet, Meta and Amazon.com Inc., major sellers of digital ads, and now account for more than half of advertising spending outside of China , an increase from close to 40% in 2019, GroupM said. It comes as Alphabet and Meta, the company formerly known as Facebook , are facing antitrust investigations in the United States and Europe . The success of retailers like Walmart , Target and Kroger has led to the success of their advertising sales businesses by using their shopper data to target more customers....
Updated: 12/06/2021
McDonald's to require U.S. employees to be vaccinated against coronavirus
... New York Stock Exchange to adopt a vaccination policy on Wednesday as a result of the resurgence of COVID cases in the United States due to the Delta variant. In recent weeks, major companies including Alphabet Inc.'s Google , Uber Technologies Inc and Facebook Inc said all employees must get vaccinated to step into offices after new guidance from the U.S. Centers for Disease Control and Prevention that requires fully vaccinated individuals to wear masks. McDonald's said in an internal note obtained ...
Updated: 08/11/2021
U.S. stock indexes open higher as strong results from Johnson, Travelers
... because of traditional corporate profits and corporate optimism, said Sam Stovall, Chief Investment Strategist at CFRA . Analysts now expect S&P 500 earnings to show a 32.4% increase from a year ago, according to Refinitiv data. Tech firms including Facebook Inc, Microsoft Corp, Alphabet Inc. and Apple Inc. rose between 0.2% and 0.5%. Netflix Inc. rose 0.1% to beat its quarterly results later in the day. Procter Gamble Co fell 1.8% as it warned that higher commodity and freight costs would take a bigger ...
Updated: 10/19/2021
Twitter employees react to Musk's takeover bid
... Twitter s board to consider other acquisitions in addition to Musk's as part of its fiduciary duty, as part of Musk's gambit. That could put Twitter in play for another corporate suit, possibly Google parent Alphabet Inc. GOOGL , GOOG , Amazon.com Inc. AMZN, Facebook parent Meta Platforms Inc. FB , or a media conglomerate like Comcast Corp. CMCSA. The FTC is currently in a legal battle with Facebook over its purchases of Instagram a decade ago and WhatsApp in 2014. Bhaskar Chakravorti, the dean of global ...
Updated: 04/14/2022
Snap shares plunge on Apple's iPhone privacy updates
... Oct 22 dragging down other ad-dependent tech firms after the photo messaging app owner warned of a prolonged hit from Apple Inc's privacy changes on iOS devices. Snap shares were down nearly 20 per cent at US $60.8 before the bell, on track to open at ... ... Morgan analyst, said in a note. Anmuth expects the near-term impact of the privacy changes to be more acute for Snap than for Facebook , Alphabet or Twitter . The brokerage estimates at least two-thirds of Snap's fourth quarter revenue will be shaved ...
Updated: 10/22/2021
Snap CEO Evan Spiegel's latest comments on economy could be a canary
... for ways to cut costs and that it is slowing its hiring pace for the year. After a rollercoaster ride last week, Snap's shares plunged more than 30% in after-hours trading, and the stocks of other internet and social-media companies fell. Alphabet Inc. GOOGL fell 3.6%, Facebook parent Meta Platforms Inc. FB fell 7%, Pinterest Inc. PINS fell 12%, and Twitter Inc. TWTR lost an additional 3.7% after Elon Musk claimed his deal to buy the company was on hold. Mirror said Snap, like many other businesses, was dealing with ...
Updated: 05/24/2022
Snap reports first-quarter profit, beats Street expectations
... community. The strength of our core business has enabled us to speed up our investments in augmented reality, transforming the way that the Snapchat community experiences the world through our camera. Snap was already feeling the pain of Meta Platform Inc. FB after Facebook reported a meta-bust of a quarter on Wednesday. Snap's stock was up 23% in Thursday trading, to close at $24.51, a 52 week low, before rebounding in after-hours trading. Snap posted a net income of $22.6 million, or a penny a share, compared ...
Updated: 02/03/2022
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