Tencent Slashes Meituan Stake Worth $20 Billion, Posts Revenue Drop
BusinessEarningsChinese social-media giant plans to distribute food-delivery company’s shares as special dividend to Tencent shareholders Source link
Advertising
Twitter’s Advertising Exodus Accelerates, Despite Outreach From Elon Musk
Ad giant Omnicom joins other agencies in recommending brands pause spending, and some companies halt discussions for annual contracts. Source...
How Many People Are Watching ‘Thursday Night Football’? That Is Up for Debate
Analyzing ratings for Amazon Prime Video’s ‘Thursday Night Football’ has become as complicated as some National Football League rules. Source...
Facebook Parent Meta Announces Layoffs of 11,000 Staff
TechLayoffs are the first broad head-count reduction to occur in the company’s history Source link
Elon Musk Says Twitter Has Had Massive Revenue Drop
Elon Musk tweeted that Twitter has had a massive drop in revenue due to activist groups pressuring advertisers, as the...
WSJ News Exclusive | General Mills, Audi and Pfizer Join Growing List of Companies Pausing Twitter Ads
WSJ News ExclusiveMedia & MarketingAdvertisers are concerned about a flurry of executive departures at Twitter and new owner Elon Musk’s...
Elon Musk Takes Twitter Helm as Social Media Sputters
With his six-month takeover saga behind him, Elon Musk now takes on the work of righting Twitter Inc.’s ship in...
Tech Boom Ends as Companies From Amazon to Meta Adjust to Turbulent Times
A week of earnings by big technology companies has been a rout for investors, as recession fears and the strong...
Facebook Parent Meta’s Earnings Fall Short as Revenue Decline Accelerates
Facebook parent Meta Platforms Inc. META -5.59% posted its second revenue decline in a row, as the social-media giant wrestles...
Companies Take Different Strategies to Navigate High Inflation
The first batch of earnings reports from companies for the September quarter show that corporate profit margins are feeling the...
Snap Stock Slumps Premarket as Sales Growth Shrinks, Advertisers Cut Spending
Snap, SNAP -0.64% in an investor letter Thursday, said it is operating on an assumption of no revenue growth this...
Steve Wynn Can’t Be Forced to Register as Foreign Agent, Judge Rules
WASHINGTON—A federal judge dismissed a Justice Department lawsuit seeking to force casino mogul Steve Wynn to register as a lobbyist...
Summer Movie Season Fizzles Out, With Few Blockbusters to Count On This Fall
This summer’s movie season started with a bang, but ended with a whimper, running out of hit movies well before...
Facebook Parent Meta Agrees to Settle Cambridge Analytica Lawsuit
Facebook META -4.15% parent Meta Platforms Inc. META -4.15% agreed to settle a lawsuit that accused the social-media platform of...
Federal Trade Commission Drops Mark Zuckerberg From Antitrust Lawsuit
Meta Platforms had asked the Federal Trade Commission to remove Mark Zuckerberg from a lawsuit filed to block it from...
Twitter Warns Staff of Potential Cuts to Employee Bonuses
Twitter Inc. TWTR 0.30% warned staff that the size of bonus payments this year was at risk because of financial...
WSJ News Exclusive | Facebook Marketplace and DoorDash Team Up for Local Deliveries
The deal is an attempt to get more people, especially younger ones, to use Meta-owned Facebook, according to a person...
BuzzFeed Expects Recession Fears to Pressure Advertising
BuzzFeed Inc. posted a wider quarterly loss amid rising costs and expenses, and said it expected recession concerns to keep...
Shale Drillers Warn of Higher Costs as They Report Record Profits
Shale companies are reporting banner profits but are warning that inflation in the oil patch is leading them to increase...
California DMV Accuses Tesla of False Advertising
The California Department of Motor Vehicles accused Tesla Inc. TSLA -6.63% of falsely advertising its vehicles as autonomous. The state...
