Tag: Internet Media and Services

Alphabet said it would issue $80 billion of equity, including $10 billion of stock to Berkshire Hathaway , as it funds its huge AI computing infrastructure buildout.

Barry Diller’s media conglomerate People Inc. is readying an offer to acquire MGM Resorts International  in a deal that values the casino operator at $18 billion, The New York Times reported Monday.

Shares of Dollar Tree rose sharply Thursday after the discount retailer reported better-than-expected quarterly earnings, lifted its fiscal-year guidance, and unveiled a partnership with DoorDash.

Uber’s board met on Saturday to discuss raising its offer for Delivery Hero, after a major shareholder rebuffed an approach that would have valued the German food delivery group at more than €11.5bn.

Alphabet stock is nearing a $5 trillion market cap—and the Google parent hasn’t gotten there just by standing still.

SoftBank booked a yearly gain of $46 billion at its Vision Fund driven mainly by the huge rise in value of its investment in OpenAI.

Airbnb reported mixed first-quarter results after the bell on Thursday and warned of regional weakness spurred by the war in Iran.

Online travel agency Expedia’s (EXPE.O), shares dropped 8% before the bell on Friday, after the ongoing conflict in the Middle East and a travel ​advisory in Mexico shaved about 200 basis points off its quarterly ‌bookings and room-night growth.

Uber reported first-quarter revenue on Wednesday that missed estimates, but the ride-hailing giant issued bookings guidance for the current quarter that exceeded analysts’ expectations.

 Pinterest Inc on Monday reported first-quarter results that exceeded Wall Street expectations, with adjusted earnings per share of $0.27 beating the analyst estimate of $0.23 by $0.04.

Alphabet reported first-quarter earnings after the bell Wednesday, showing revenue that topped expectations boosted by its surging cloud business. Shares climbed following the report.

Meta Platforms (META) beat expectations for its first-quarter earnings results on Wednesday afternoon. Its shares were still down 8% in pre-market trading Thursday.

The European Commission has found that Meta breached EU law by failing to prevent under-13s from accessing its platforms, as scrutiny of the tech giant’s handling of child safety intensifies.

Spotify (SPOT) forecast second-quarter earnings and premium subscribers below estimates on Tuesday, a sign of slowing growth in the Swedish streaming giant’s major markets of Europe and ​North America, sending its shares down 12% in premarket trading.

China’s state planner on Monday called for Meta to unwind its $2 billion acquisition of Manus, a Singaporean AI startup with Chinese roots.

Meta Platforms (META) said Friday that it will use Amazon (AMZN) chips to power some of its artificial-intelligence computing needs. The deal looks like validation of Amazon’s in-house chip plan.

Alphabet Inc.’s Google Cloud is launching a $750 million fund to help consulting firms including McKinsey & Co., Accenture Plc and Deloitte bring agentic artificial intelligence to their clients.

Marvell Technology (MRVL) was rising early Monday on a report it is in talks with Google about developing artificial-intelligence chips. That’s worrying for the search company’s primary processor partner Broadcom (AVGO).

Uber on Friday agreed to purchase an additional 4.5% of shares of German food delivery firm Delivery Hero from the company’s biggest shareholder Prosus.

The European Commission has proposed that Google allow third-party ​search engines to access its search data, including that of artificial ‌intelligence chatbots with search functionalities, to comply with the Digital Markets Act, the commission said on Thursday.