Tag: Internet Media and Services

Trade Desk stock slumped 28% in premarket trading after the advertising technology company reported second-quarter revenue that fell short of expectations.

Airbnb shares surged over 8% in premarket trading Friday after the vacation rental company topped Wall Street estimates for the second quarter and raised its full-year outlook, helped by strong travel demand, accelerating bookings and higher average daily rates.

Shares of Uber Technologies declined Wednesday as the ride-hailing platform’s second-quarter earnings were broadly in-line with expectations and guidance failed to impress Wall Street.

Snap reported better-than-expected revenue and earnings for the second quarter and issued a forecast for the current period that topped analysts’ estimates. The stock jumped about 8% in extended trading.

Adjusted earnings per share came in at €2.61, missing the consensus estimate of €2.76. Revenue reached €4.78 billion, slightly below the analyst estimate of €4.79 billion, representing 14% growth YoY or 15% on a constant currency basis.

Reddit reported second-quarter earnings on Thursday that beat on the top and the bottom lines, and the company issued guidance that sailed past expectations.

Meta shares slid in extended trading on Wednesday after the company issued a weaker-than-expected revenue forecast and took a big hit to its cash pile.

Meta, opens new tab on Friday launched a new app called “Seller” to offer dedicated selling tools to merchants ​using the company’s Facebook Marketplace platform for buying ‌and selling items.

Google parent Alphabet reported better-than-expected revenue for the second quarter on Wednesday, driven by growth of 82% in its cloud business. But the stock sank in extended trading as the company lifted its forecast for capital expenditures.

 Alphabet’s (GOOGL.O), Google is months behind schedule on the release of Gemini 3.5 Pro, its most powerful flagship AI model, as ​the tech giant works to improve its capabilities, particularly in ‌coding, Bloomberg News reported on Thursday.

Meta (META.O) said on Monday its data center in Richland Parish, Louisiana, will expand to 5 ​gigawatts of compute capacity, with investment in the project increasing ‌to more than $50 billion.

Google has backed Germany-based Proxima Fusion, which is looking to build Europe’s first commercial fusion power plant, in a 411 million euros ($468 million) round, the company announced on Tuesday.

Chief Executive Mark Zuckerberg acknowledged shortcomings ‌in the company’s sweeping restructuring at an internal town hall on Thursday, saying the systems known as AI agents had not progressed as quickly as he had expected, according to a recording heard by Reuters.

Meta Platforms Inc. is developing plans for a cloud infrastructure business that will sell access to AI computing power and models,

Qualcomm is in talks to provide chip-design services to China’s ByteDance, four people familiar with the matter said, as the U.S. company seeks to reduce dependence ​on the smartphone market, its biggest revenue source.

Alphabet will replace Verizon Communications in the Dow Jones Industrial Average, index provider S&P Dow Jones Indices said late Tuesday, tilting the historic U.S. equity benchmark deeper toward the technology sector. It will no longer have a component representing telecoms.

Billionaire Mukesh Ambani’s Jio Platforms, India’s largest wireless operator and digital service provider, filed draft papers for an initial public offering on Friday.

Fox Corp. has reached an agreement to acquire Roku for roughly $22 billion, marking another chapter in media consolidation as the industry grapples with changing dynamics and mounting challenges.

Meta Platforms Inc. has completed an operational split from Manus and halted data sharing between the two companies, taking a pivotal step toward unwinding a $2 billion acquisition opposed by Beijing.

Meta Platforms plans to lease 168 MW AI-enabled data center in India from Reliance Industries.