Tag: Internet Media and Services

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.

Google on Thursday announced a major rebrand of Bard, its AI chatbot and assistant, including a fresh app rollout and new usage and subscription options.

Snap shares were tumbling after the social networking company provided disappointing profit guidance for its March quarter.

Spotify Technology stock rose Tuesday after the audio-streaming company posted subscriber growth ahead of expectations and a narrower-than-expected loss. A focus on prices and cost-cutting looks to be paying off.

Delivery Hero shares sank Monday morning, extending losses from last week, as investors reacted to preliminary financial results released by the company.

Shares of European food-delivery groups fell sharply Tuesday after the discounted sale of a big share stake raised questions about the market’s valuation of the sector.

Google-parent Alphabet  is set to cut more jobs in order to make space for investment in artificial intelligence.

Alphabet Inc.’s Google is laying off hundreds of staff working on its digital assistant, hardware and engineering teams as it sustains a drive to cut costs.

 Activist investor Elliott Investment Management has built a roughly $1 billion stake in Match Group and plans to push the Tinder dating app owner to take steps to improve its performance, the Wall Street Journal reported on Monday.

The internet search giant, owned by Alphabet, has agreed to settle a $5 billion consumer-privacy lawsuit, alleging it tracked the internet use of millions of people who thought they were browsing privately.

X, the social media platform formerly known as Twitter, suffered major outages in the early hours of Thursday morning that left users unable to access the site.

ByteDance Ltd.’s sales surged in 2023 to more than $110 billion, according to people familiar with the matter, potentially overtaking arch-foe Tencent Holdings Ltd. in a sign TikTok’s fledgling e-commerce business is driving growth at a time of economic malaise.

Music streaming service Spotify’s CEO, Daniel Ek, announced that the company is laying off 17% of its workforce.

ByteDance is cutting hundreds of jobs in its gaming division, a person familiar with the mater told CNBC.

Revenue grew by 6% year-on-year to 34.45 billion yuan ($4.72 billion) in the quarter that ended Sept. 30. That was slightly higher than analyst expectations.

HONG KONG, Nov 15 (Reuters) – China’s Tencent Holdings said third-quarter revenue climbed 10%, as its games business staged a robust recovery from a regulatory crackdown on the country’s tech sector and online advertising sales surged.

Wise reported total income — including interest income — of £656 million in its half-year results, up 58% year-over-year.