Disney Shares Slide as Streaming Losses Balloon
BusinessEarningsDeclines in streaming more than doubled in the recent quarter but have reached their peak, says CEO Bob Chapek Source...
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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 Sells Almost $4 Billion of Tesla Stock After Twitter Takeover
TechThe sale of 19.5 million shares this month in the electric-vehicle maker follows sales in April and August Source link
WSJ News Exclusive | Meta’s Mark Zuckerberg Says He Is Accountable as Company Preps for Mass Layoffs
WSJ News ExclusiveTechLayoffs are to begin on Wednesday morning, the CEO told hundreds of executives on Tuesday Source link
Startups Look to Scoop Up Laid-Off Tech Workers
Flush with investor capital, technology startups plan to scoop up software developers, engineers and marketers flooding the labor market following...
Streaming Services Raise Prices Again. Here’s How to Avoid Overpaying.
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Twitter Rolls Out Blue Check Marks for Paying Customers
Twitter Inc. said it has begun rolling out software updates to charge users $7.99 a month to mark their accounts...
Why Elon Musk’s Quest to Revive Twitter Is Likely to Fail
Elon Musk is treating Twitter like a startup. The thing about startups is, most of them fail.At Twitter, as is...
Fox Is Cleared to Buy FanDuel Stake for About $3.7 Billion
The ruling paves the way for Fox Corp. to take a bigger position in the fast-growing sports-betting industry. 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...
Penguin Random House Blocked From Acquiring Rival Publisher Simon & Schuster
A federal judge ruled in favor of the Justice Department’s antitrust challenge to the planned $2 billion merger. Source link
Twitter Is Drafting Broad Job Cuts in Whirlwind First Weekend Under Elon Musk
Twitter Inc. drafted plans for broad layoffs as part of a whirlwind several days in which new boss Elon Musk...
Taylor Swift’s ‘Midnights’ Breaks Album Sales Records in First Week
ArtsMusicThe artist’s new record sold 1.58 million copies, including 575,000 vinyl LPs, and marks the third-largest streaming week for a...
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...
Elon Musk Twitter Deal Completed, CEO and CFO Immediately Fired
Elon Musk fired several Twitter Inc. executives after completing his takeover of the company, according to people familiar with the...
Comcast Takes $8.6 Billion Write-Down on Sky, Reports Revenue Dip
Comcast Corp. CMCSA 5.51% took an $8.6 billion write-down on its Sky pay-TV operations and posted a dip in third-quarter...
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...
Warner Bros. Discovery Names Two Superhero Veterans to Lead DC Studios
Warner Bros. Discovery Inc. WBD 2.96% has tapped the veteran director-producer team of James Gunn and Peter Safran to lead...
