Meta stuns Street with lower costs, big buyback, upbeat sales

Meta stuns Street with lower costs, big buyback, upbeat sales

Meta Platforms Inc’s stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the “Year of Efficiency.” The parent of Instagram and Facebook, which has fallen on hard times amid a broad post-pandemic slump in digital ads, is focused on improving its … Read more

Meta, Alphabet see m-cap erosion on Snap’s poor results

Meta, Alphabet see m-cap erosion on Snap’s poor results

Facebook-owner Meta Platforms, Google-owner Alphabet and other companies that sell online ads lost about $80 billion in combined stock market value on Thursday after Snap posted poor quarterly results and warned of an uncertain outlook. Slammed by a weakening economy, increased competition from TikTok and recent privacy changes on iPhones, the Snapchat owner missed second-quarter … Read more

Alphabet’s YouTube Advertisement Business Hurt By Ukraine War

Alphabet’s YouTube Advertisement Business Hurt By Ukraine War

Google parent Alphabet on Tuesday reported its first quarterly revenue miss of the pandemic after the war in Ukraine hurt YouTube ad sales, leaving investors rattled as the global economy sputters. The world’s largest provider of search and video made a fortune over the last two years as the pandemic forced more shops and people … Read more

Ukraine Crisis: Tech Companies Cutting Ties With Russia Over Invasion

Ukraine Crisis: Tech Companies Cutting Ties With Russia Over Invasion

As Russia’s invasion of Ukraine continues, global technology companies have joined governments and the international business community in cutting ties with the world’s largest country over its ongoing military actions. Companies including Apple, Google, and Meta are restricting the availability of their products and services to Russian users. Similarly, AMD, Dell, TSMC, and Intel are … Read more

How a Single Finger Snap Became a Scientific Game-Changer

How a Single Finger Snap Became a Scientific Game-Changer

Feb. 24, 2022 — Raghav Acharya, a student at the Georgia Institute of Technology in Atlanta, was watching Avengers: Infinity War a few years back when he had a thought: How was supervillain Thanos able to snap his fingers while wearing a metal gauntlet? Acharya, an undergraduate studying chemical engineering, took that question to assistant … Read more

Pixel 6 Series to Get Snapchat’s Lockscreen Integration

Pixel 6 Series to Get Snapchat’s Lockscreen Integration

Pixel 6 series will get a feature called ‘Quick Tap to Snap’ to let users access the Snapchat camera directly from the lockscreen of the latest Google phones. Snap at the Pixel Fall Launch event on Tuesday announced its partnership with Google to enable the new feature specifically for the latest Pixel phones. The company … Read more