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Technology

Technology

Meta plans to lose even more money building the metaverse while its ads business shrinks

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York, US,...

by admin October 26, 2022
Meta plans to lose even more money building the metaverse while its ads business shrinks
Technology

Mark Zuckerberg in 2012: ‘We don’t build services to make money; we make money to build better services.’

One of the most striking things about Facebook’s first few years as a public company was the cool efficiency shown in its earnings reports....

by admin October 26, 2022
Mark Zuckerberg in 2012: 'We don’t build services to make money; we make money to build better services.'
Technology

Elon Musk carried a sink into Twitter on Wednesday as deal nears close

Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City,...

by admin October 26, 2022
Elon Musk carried a sink into Twitter on Wednesday as deal nears close
Technology

Meta shares plummet on weak fourth-quarter forecast and earnings miss

Meta shares continued their 2022 freefall, plunging 19% in extended trading on Wednesday after Facebook’s parent issued a weak forecast for the fourth quarter...

by admin October 26, 2022
Meta shares plummet on weak fourth-quarter forecast and earnings miss
Technology

Crypto winter is hurting Google’s ad empire

A cryptocurrency price crash and the onset of a new so-called “crypto winter” has left many companies in the industry facing a liquidity crisis....

by admin October 25, 2022
Crypto winter is hurting Google's ad empire
Technology

YouTube’s shrinking ad business is an ominous sign for the battered online ad market

A YouTube logo seen at the YouTube Space LA in Playa Del Rey, Los Angeles, California, United States October 21, 2015. Lucy Nicholson |...

by admin October 25, 2022
YouTube's shrinking ad business is an ominous sign for the battered online ad market
Technology

Alphabet misses on earnings as YouTube shrinks; company will cut headcount growth by half in Q4

Alphabet shares dropped about 7% in extended trading on Tuesday after the company reported weaker-than-expected earnings and revenue for the third quarter and said...

by admin October 25, 2022
Alphabet misses on earnings as YouTube shrinks; company will cut headcount growth by half in Q4
Technology

Microsoft drops 6% after revealing weak guidance on its earnings call

Microsoft shares fell about 7% in extended trading on Tuesday after the company reported softer cloud revenue than expected in its fiscal first quarter...

by admin October 25, 2022
Microsoft drops 6% after revealing weak guidance on its earnings call
Technology

FTC seeks to hold Drizly CEO accountable for alleged security failures, even if he moves to another company

The Drizly application on a smartphone. Tiffany Hagler-Geard | Bloomberg | Getty Images In a new proposed settlement, the Federal Trade Commission is seeking...

by admin October 24, 2022
FTC seeks to hold Drizly CEO accountable for alleged security failures, even if he moves to another company
Technology

Apple reports earnings Thursday and all eyes are on iPhone 14 sales

Apple will report its fourth-quarter earnings for the quarter ended in September after the bell on Thursday. The most important new information will be...

by admin October 24, 2022
Apple reports earnings Thursday and all eyes are on iPhone 14 sales
Technology

Meta shareholder writes critical open letter saying company needs to slash headcount and stop spending so much money on ‘metaverse’

Drew Angerer | Getty Images News | Getty Images Altimeter Capital Chair and CEO Brad Gerstner said in an open letter to the company...

by admin October 24, 2022
Meta shareholder writes critical open letter saying company needs to slash headcount and stop spending so much money on 'metaverse'
Technology

Facebook and Google face skeptics on Wall Street this week amid digital ads collapse

A new video by Inspired by Iceland pushes back against experiencing life through the “metaverse,” as described by Mark Zuckerberg during Facebook’s rebranding to...

by admin October 24, 2022
Facebook and Google face skeptics on Wall Street this week amid digital ads collapse
Technology

Apple stores begin selling exterior door lock that can be unlocked by tapping an iPhone or Apple Watch

Level Home Apple stores in the U.S. are now selling an exterior door lock that can be unlocked by a user’s Apple Watch or...

by admin October 21, 2022
Apple stores begin selling exterior door lock that can be unlocked by tapping an iPhone or Apple Watch
Technology

Facebook shuttle bus drivers are losing their jobs as Meta slashes costs and employees stay home

A car passes by Facebook’s corporate headquarters location in Menlo Park, California, on March 21, 2018.  Josh Edelson | AFP | Getty Images Facebook’s...

by admin October 20, 2022
Facebook shuttle bus drivers are losing their jobs as Meta slashes costs and employees stay home
Technology

GM’s new GMC Sierra EV will offer traditional truck buyers an upscale electric alternative to the Hummer

2024 Sierra EV Denali Edition 1 Source: General Motors General Motors unveiled its latest electric pickup, the new electric GMC Sierra, and began taking...

by admin October 20, 2022
GM's new GMC Sierra EV will offer traditional truck buyers an upscale electric alternative to the Hummer
Technology

Snap plunges more than 25% on third-quarter revenue miss

Snap shares plummeted more than 25% in extended trading on Thursday after the social media company reported weaker-than-expected revenue for the third quarter. It’s...

by admin October 20, 2022
Snap plunges more than 25% on third-quarter revenue miss
Technology

Apple has another iPhone update coming on Monday. Here’s what’s new

Apple iOS 16 Source: Apple Apple’s newest update to its iPhone operating system, iOS 16.1, will be available on Monday, the company announced in...

by admin October 20, 2022
Apple has another iPhone update coming on Monday. Here's what's new
Technology

Elon Musk says Tesla is ‘pedal to the metal’ even with potential recession looming

SpaceX Chief Engineer Elon Musk takes part in a joint news conference with T-Mobile CEO Mike Sievert (not pictured) at the SpaceX Starbase, in...

by admin October 19, 2022
Elon Musk says Tesla is 'pedal to the metal' even with potential recession looming
Technology

IBM surpasses quarterly projections and lifts its full-year revenue forecast

IBM shares rose as much as 6% in extended trading on Wednesday after the technology conglomerate surpassed analysts’ estimates for the third quarter and...

by admin October 19, 2022
IBM surpasses quarterly projections and lifts its full-year revenue forecast
Technology

Elon Musk addresses Twitter takeover, possible recession on Tesla earnings call

Tesla reported third-quarter earnings after the bell, and executives addressed a broad range of questions during the earnings call, including macroeconomic concerns and CEO...

by admin October 19, 2022
Elon Musk addresses Twitter takeover, possible recession on Tesla earnings call
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