Tag: Internet Media and Services

Spotify Technology  reported fiscal second-quarter earnings on Tuesday that beat expectations as revenue came in line with estimates. The audio giant posted a record profit in the quarter — a nod to its recent “efficiency” strategy while monthly active user metrics disappointed.

Starboard Value has amassed a roughly 6.5% stake in online dating company Match Group and is pushing the company to either make changes that would improve margins or go private.

Trump Media & Technology Group
shares surged 50% in premarket trading Monday following the attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday.

Google’s greenhouse gas emissions have risen 48% since 2019, according to the firm’s latest environmental report, driven by the increasing power demands of artificial intelligence (AI).

The European Commission, the EU’s executive body, labelled Meta’s ad-supported subscription option a “pay or consent” model, meaning users have to either pay to use Meta’s platforms ad-free, or consent to their data being processed for personalized advertising.

Google will partner with BlackRock to develop a 1 gigawatt pipeline of new solar capacity in Taiwan, the U.S. tech giant announced Monday as it seeks to boost energy capacity and cut carbon emissions amid the artificial intelligence boom.

SoftBank on Friday announced plans to issue euro and dollar-denominated bonds as it looks to pay down debt and focus its investments on artificial intelligence.

Deliveroo shares jumped on Wednesday on news the London-listed food delivery firm held talks with DoorDash in regards to the San Francisco company’s interest in a possible takeover.

Ocado Group Plc shares tumbled after its Canadian partner temporarily halted the planned launch of an automated warehouse in Vancouver run by the British online grocery company.

Europe’s biggest food delivery firm Just Eat Takeaway said on Wednesday it has struck a deal to offer Amazon Prime members in Germany, Austria and Spain free delivery of food orders above 15 euros ($16.13).

Shares of Lyft Inc. were up Thursday after the ride-hailing service forecast growth in a key demand metric through 2027, albeit while leaving its outlook for this year unchanged.

Spotify raised prices for its premium plans in the United States on Monday, the latest step by the Swedish music-streaming service in its push to increase margins.

Ride-hailing giant Uber said Tuesday it has reached a deal with Delivery Hero SE to buy its Foodpanda delivery business in Taiwan for US$950 million.

Airbnb shares tumbled more than 8% premarket on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took the shine off a strong quarterly profit beat.

Reddit shares are on the rise in late trading Tuesday after the newly public social media site posted better-than-expected results for the March quarter.

Uber  reported first-quarter results on Wednesday that came in slightly above analysts’ estimates for revenue, but the ridesharing company posted an unexpected net loss.

Booking Holdings said its profit jumped in the first quarter as the company’s traveler bookings grew ahead of expectations, buoyed by users traveling more reliably to the company’s site.

Shares of Expedia Group Inc. fell after hours on Thursday, after the travel-booking platform cut its sales outlook for the year, as efforts to recharge vacation-rental site Vrbo progressed more slowly than expected after a tech-related overhaul.

Snap reported first-quarter results Thursday that beat analysts’ estimates for earnings and revenue.

Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.