Tag: Internet Media and Services

Meta Stock Fell on the Quest 3 Launch. Minutes Later It Was Up on AI News.

Meta –0.41%  Platforms CEO Mark Zuckerberg on Wednesday unveiled the Quest 3 virtual reality headset

EBay-Backed Adevinta Jumps After Getting Private Equity Approach

European classifieds company Adevinta ASA jumped the most in three years after saying it’s received a private equity takeover proposal that would rank as one of the year’s biggest buyouts.

Roku Says It Will Fire 10% of Employees, Stock Jumps

Roku  +2.46%  stock was jumping after the company said that it would fire 10% of its workforce.

Blackstone and Airbnb set to join S&P 500; shares climb

 Shares of Blackstone and Airbnb rallied in extended trade on Friday after S&P Dow Jones Indices said the two companies would join the S&P 500  index.

Uber Swings to Surprise Profit as Ridership Reaches New Record

(Bloomberg) — Uber Technologies Inc. reported better-than-expected net income, boosted by record ridership volumes, offering evidence the ride-hailing giant is officially moving beyond its cash-burning startup past and making progress on its profitability goals.

Alphabet Spikes on Earnings. Its CFO Is Getting a New Role.

Alphabet shares were rising in late trading Tuesday after the search giant helped kick off Big Tech earnings on a positive note.


Spotify increases prices for its premium subscription plans

On Monday, Spotify announced it will increase the price of its Premium subscription offerings in the U.S. as much as $2, which translates to a 20% increase for some plans.


Roku Stock Soars on Shopify Deal for Click-to-Buy TV Advertising

Roku ROKU +11.14% stock surged Tuesday after the streaming TV platform company said it was teaming with the e-commerce software company Shopify SHOP +1.72% to allow viewers to buy products directly through their TVs from Shopify merchants.

Spotify plans a more expensive subscription tier: report

Music streaming platform Spotify Technology is planning a more expensive subscription option that is expected to include high-fidelity audio, Bloomberg News reported on Tuesday.

EU charges Google with anti-competitive practices in ad tech business

The European Union on Wednesday charged Google with breaching antitrust rules in advertising technology, known as adtech, and may seek the breakup of parts of the tech giant’s business to allay the bloc’s concerns.

Microsoft, Google strategy to test AI search ads irks some brands

Alphabet’s Google and Microsoft are inserting ads into AI experiments without providing an option to opt out of participation, an approach that has already rankled some brands and risks further pushback from the industry, ad buyers told Reuters.

Twitter accuses Microsoft of using its data in unauthorized ways

Twitter is accusing Microsoft of using the social media company’s data in ways that were unauthorized and never disclosed.

Airbnb drops 10% after earnings report offers cautious outlook for second quarter

Total revenue rose 20% year over year. Airbnb swung to a net profit of $117 million, or 18 cents per share, from a net loss of $19 million, or 3 cents per share, in the year-earlier period. The figure marks the first time Airbnb has been profitable during its first quarter on a GAAP basis.