Tag: Internet Media and Services

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.

Meta its first quarter earnings on Wednesday, and while it beat analysts’ expectations on the top and bottom lines, a disappointing Q2 forecast sent shares of the social media giant plummeting almost 13% in pre-market trading Thursday.

Apple has been holding discussions with Google over a deal to use the Gemini artificial intelligence engine in the iPhone, Bloomberg reported.

The U.S. House of Representatives plans to vote on a bill on Wednesday that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short-video app used by about 170 million Americans or face a ban.

Reddit aims to raise up to $748 million as part of its upcoming IPO, according to a corporate filing on Monday.

The U.S. House of Representatives will fast-track a vote next week on legislation that would give China’s ByteDance six months to divest from short video app TikTok or face a U.S. ban after a committee unanimously approved the measure Thursday.

The European Commission, the European Union’s executive arm, on Monday hit Apple with a 1.8 billion euro ($1.95 billion) antitrust fine.

Booking Holdings’ ticked all the boxes with its earnings–beating revenue and profit estimates, breaking a number of company records, and initiating a quarterly dividend. Yet the stock plummeted 9% ahead of the open Friday.

Roku dropped nearly 17% on Friday after the streaming-service provider forecast a steeper-than-expected first-quarter loss, as it struggles to compete with heavyweights such as Netflix and Amazon for advertising dollars.

 Uber Technologies said on Wednesday it would buy back up to $7 billion worth of company shares for the first time ever following a strong recovery in ride-share and healthy demand at its food delivery business.

Shares in Delivery Hero increased on Wednesday after the German food delivery company said it had hit its financial goals for 2023 in posting its first-ever full-year profit.

Shares of Expedia plunged 13% in premarket trading on Friday after the online travel firm said it expects 2024 revenue growth rates to moderate, as air fares soften from their post-pandemic highs.

Pinterest missed on sales but beat on earnings in its fourth-quarter earnings report. The company also issued a weaker-than-expected forecast

 Britain’s biggest bank HSBC has partnered with Google to finance fast-growing climate technology firms behind some of the world’s most promising solutions to global climate change, executives from both firms told Reuters.