Social media giant’s profits are up from the $7.8bn it made during the same quarter last year
A data engineer told MPs the company’s own research showed Instagram is more dangerous for teenagers than other social media such as TikTok.
(Bloomberg) -- U.S. lawmakers investigating how Facebook Inc. and other online platforms shape users’ world views are considering new rules for the artificial intelligence programs blamed for spreading malicious content. Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Money Mak
FB earnings call for the period ending September 30, 2021.
Shares of Alibaba Group Holding Limited (NYSE: BABA) and Baidu Inc. (NASDAQ: BIDU) traded lower in Hong Kong on Tuesday, while electric ...
Tesla Inc (NASDAQ: TSLA) on Monday joined the club of a select few companies that have traded with a market capitalization of $1 ...
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Monday the electric vehicle maker is seeing strong inflationary pressure in the short ...
Facebook shares rose more than 3% after the company posted better-than-expected earnings even as revenue fell short of analysts’ expectations
(Bloomberg) -- Facebook Inc. Chief Executive Officer Mark Zuckerberg, besieged by dozens of stories about his company’s inadequate response to hate speech, misinformation and violent content, sought to paint a rosier picture of the social network’s future, outlining new efforts to attract young users and build immersive digital experiences.Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing
The National Labor Relations Board said there was sufficient interest to form a union at an Amazon distribution center in New York, after union organizers on Monday delivered hundreds of signatures to the agency — a key step in authorizing a vote that could establish the first union at the nation's largest online retailer.
Dow Jones futures were little changed Monday as the stock market saw Tesla stock surge above $1 trillion in value. Facebook earnings beat.
Facebook Inc. is copying the exact playbook from Google and its parent company Alphabet Inc. with its latest diversionary tactic and its sudden focus on the business that Wall Street cares the least about right now: virtual and augmented reality
Stocks finished higher, with Tesla responsible for a good portion of the day’s gains, probably about half of the day’s gains on the S&P 500.
Amazon is racing ahead of competitors to find new avenues into US healthcare. Now it's moving Alexa into hospital rooms.
After a 12% gain today on the back of a deal to sell 100,000 Model 3s to Hertz, Tesla joined the trillion-dollar market cap club.
BRUSSELS (Reuters) -Draft EU rules to curb the power of Amazon, Apple, Alphabet unit Google and Facebook should also tackle providers of cloud computing services for possible anti-competitive practices, a study said on Tuesday. The report comes amid concerns that some EU lawmakers who are reviewing the Digital Markets Act https://www.reuters.com/technology/tech-rules-not-just-few-giants-eus-vestager-says-2021-07-02 (DMA) proposed by EU antitrust chief Margrethe Vestager may be lenient towards cloud computing companies. Amazon's Amazon Web Services was the leading provider in the second quarter, followed by Microsoft Azure and Google Cloud, market research company Statista found.
Facebook addresses whistleblower controversies, while reporting revenue miss — and doubles down on Reels and metaverse, including commerce.