Tag: Internet Media and Services

Shares of British food delivery firm Deliveroo jumped to their highest level in more than three years on Monday, after the company confirmed it had received a $3.6 billion takeover offer from U.S. firm DoorDash.

Chinese internet-search giant Baidu has upgraded its artificial-intelligence models and cut prices amid fierce competition with rivals like DeepSeek and Alibaba.

Alphabet, the parent company of Google and YouTube, reported stronger-than-expected first-quarter growth on Thursday after the bell. Shares rose more than 5% in after-hours trading.

Meta has laid off employees in its Reality Labs division that is tasked with developing virtual reality, augmented reality and related wearable devices.

The European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc’s digital competition laws.

A US judge on Thursday ruled that Google illegally wielded monopoly power in the online ad technology market, in a legal blow that could rattle the tech giant’s revenue engine.

Facebook parent Meta Platforms (META.O),  faces a high-stakes trial in Washington starting on Monday on claims it built an illegal social media monopoly by spending billions of dollars to acquire Instagram and WhatsApp, in a case where U.S. antitrust enforcers seek to unwind the deals.

Take that, CoreWeave?

Apple and Meta Platforms are facing the likelihood of regulatory fines. However, the blow could be less than feared due the policies of President Donald Trump.

Amazon, Google and Meta have joined a call by big, energy-intensive companies for governments and utilities to build more nuclear power in the latest boost to the industry’s revival.

Facebook owner Meta is testing its first in-house chip for training artificial intelligence systems, a key milestone as it moves to design more of its own custom silicon and reduce reliance on external suppliers like Nvidia two sources told Reuters.

Baidu said on Tuesday it has bought JOYY’s China live-streaming business for about $2.1 billion, reviving a deal that fell through a year ago, as the search giant doubles down on the fast-growing digital video market.

Shares in Just Eat Takeaway.com were up by more than 50% in daily trading on Monday morning after tech investor Prosus announced it would buy the firm.

Shares of Booking Holdings (BKNG) rose in premarket trading on Friday after its fourth-quarter results topped expectations.

Airbnb shares rose as much as 13.3% in premarket trade on Friday after the vacation home rentals company beat Wall Street estimates for fourth-quarter results, boosted by strong international travel demand.

Apptronik said on Thursday it has raised $350 million in a funding round led by B Capital and Capital Factory, with participation from Alphabet’s Google to scale production of AI-powered humanoid robots.

Alphabet shares dropped about 7% in premarket trading on Wednesday as investors were disappointed by the company’s slowing cloud growth and concerned about its hefty investment to build artificial intelligence (AI) infrastructure.

Uber Technologies on Wednesday reported a lower-than-expected profit in the October-December period on rising costs, and forecast first-quarter bookings short of estimates due to a strong dollar, sending its shares 6% down before the bell.

Spotify reported its first ever full year of profitability, fueled by record user growth and austerity measures after years of heavy spending on growth initiatives such as podcasts.

China imposed targeted tariffs on American imports on Tuesday and put several U.S. companies, including Google, on notice for possible sanctions, in a measured response to the sweeping duties on Chinese imports imposed by President Donald Trump.