Global News Aggregator
Meta’s second-quarter earnings showed that Reality Labs, its virtual and augmented reality development business, has lost a staggering $21.3 billion since January 2022 — and executives warned the bleeding will…
The sale of Taylor Swift merchandising pushed revenue at Universal Music Group in the second quarter, the world’s largest record label said Wednesday. The American pop star’s ongoing “Eras Tour”…
Google’s advertising malaise persisted during the first quarter while the internet company also grapples with advancements in artificial intelligence technology that threatens to undercut its dominant search engine. An unprecedented…
Customers of First Republic Bank pulled more than $100 billion in deposits out of the bank during last month’s crisis, as fears swirled that it could be the third bank…
Price reductions across the model lineup cut into Tesla’s first-quarter net income, causing it to fall 24% from a year ago. Elon Musk’s electric car and solar panel company said…
Netflix on Tuesday added fewer new customers than Wall Street expected in the first quarter and offered a forecast below analyst estimates for the next three months as it delayed…
Lyft shares fell 35% on Friday after a bleak forecast fueled worries that the company will have to cut prices and sacrifice profit to avoid being a distant second to…
Walt Disney CEO Bob Iger on Wednesday announced a sweeping corporate restructuring that will result in 7,000 people losing their jobs as part of an effort to achieve $5.5 billion…
Walt Disney CEO Bob Iger is expected to discuss a turnaround plan on Wednesday, when the media company delivers its first quarterly results since the return of the executive who…
Mark Zuckerberg’s Meta Platforms on Wednesday reported a 55% fall in quarterly profit, hurt by a hefty charge related to cost-cutting moves like layoffs, office closures and an overhaul of…