Tencent Posts Steepest Profit Decline Since Going Public
Tencent Holdings Ltd. TCEHY -6.29% posted its worst quarterly profit drop since listing in Hong Kong in 2004, with its...
Technology
For Tech Startups, the Party Is Over
A dizzying turn in technology-startup investing is undoing the fortunes of founders and investors riding a 13-year bull run.Highflying startups...
Jeff Bezos Criticizes Joe Biden in Twitter Spat Over Inflation
Amazon.com Inc. founder Jeff Bezos criticized the Biden administration in two tweets over the weekend for tying the corporate tax...
Behind Fake-Account Issue That Elon Musk Cited in Pausing Twitter Deal
Elon Musk’s tweet saying his planned Twitter Inc. acquisition was on hold put the spotlight on questions about fake accounts,...
Remote Workers Don’t Want to Go Back to the Office
Some of the economy’s most in-demand employees are about to find out how much power they have over where and...
The Biggest Problem With Flying Cars Is on the Ground
The startups and investors that have sent hopes soaring for “flying cars” could be in for a rough landing, in...
Twitter CEO Signals More Change After Hiring Freeze, Cost Cuts
San Francisco-based Twitter has agreed to be acquired by Elon Musk in a $44 billion deal. Photo: amy osborne/Agence France-Presse/Getty...
Elon Musk Says Twitter Deal Is on Hold, Sending Shares Lower Premarket
Elon Musk said his deal to buy Twitter Inc. TWTR -2.19% was on hold pending details on the amount of...
Baby Formula Shortage Could Last Months
Baby-formula manufacturers and retailers say they are working to address a long-running shortage in products on store shelves, but the...
Disney Reports Jump in Disney+ Subscribers in Latest Quarter
Walt Disney Co. DIS -2.29% reported better-than-expected subscription numbers for its Disney+ streaming service in the most recent quarter, avoiding...
Elon Musk Says He Would Reverse Donald Trump’s Twitter Ban
“I do think that it was not correct to ban Donald Trump. I think that was a mistake because it...
Tech Industry Warns That More Remote-Work Jobs Are Headed Out of U.S.
WASHINGTON—Tech-industry representatives are coming to Capitol Hill this week to warn that the remote-work trend will lead to more offshoring...
Millions of Americans Are Turning to Therapy, and Investors See an Opportunity
Psychiatrists and psychologists once ran their own practices. Now the local therapist office could be controlled by a buyout king.Venture...
Judge Dismisses Trump Suit Against Twitter Over Censorship Claims
A federal judge has tossed a lawsuit filed last year by former President Donald Trump against Twitter and its then-chief...
Nvidia Agrees to Pay $5.5 Million to Settle SEC Probe Over Cryptomining Disclosure
WASHINGTON—Nvidia has agreed to pay $5.5 million to settle a regulatory investigation that found it didn’t adequately reveal the impact...
Facebook Deliberately Caused Havoc in Australia to Influence New Law, Whistleblowers Say
Last year when Facebook FB -5.90% blocked news in Australia in response to potential legislation making platforms pay publishers for...
Uber’s Revenue Doubles, but Stock Falls After Lyft Warns of Higher Driver Costs
Uber Technologies Inc.’s UBER -4.65% revenue more than doubled last quarter, as demand for rides rebounded from the downturn caused...
Telehealth Startup Cerebral to Stop Prescribing Adderall for New Patients
Cerebral Inc. executives told its clinicians that the company will pause prescribing controlled substances such as Adderall to treat attention-deficit...
Airbnb Revenue Climbs on Record Nightly Bookings and Higher Prices
By Preetika RanaUpdated May. 3, 2022 7:11 pm ETAirbnb said it expects to post its first full-year net profit this...
Amazon Workers Reject Union in New York After Labor Victory at Separate Facility
Amazon.com workers voted against unionizing at a facility on Staten Island, N.Y., a win for the company after a loss...
