A view of Google Headquarters in Mountain View, California, United States on March 23, 2024. Tayfun Coskun | Anadolu | Getty Images Advertising is so back. After a brutal 2022, when brands reeled in spending to cope with inflation, and a 2023 defined by layoffs and cost cuts, the top digital advertising companies have started … Read more
A view of the atmosphere during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Snap shares surged 28% on Friday after the company surprised Wall Street by showing a profit and reported sales and user numbers that exceeded analysts’ … Read more
Alphabet went into its earnings report on Thursday facing concerns about the growth of its core Google ads business and the company’s ability to generate profits from its hefty investments in artificial intelligence. For the time being at least, the company put Wall Street’s fears to rest. Alphabet topped analysts’ estimates, reporting revenue growth of … Read more
Snap reported first-quarter results on Thursday that beat analysts’ estimates and showed a return to double-digit revenue growth. Shares soared more than 23% in extended trading. Here’s how the company did: Earnings per share: 3 cents adjusted vs. a loss of 5 cents expected by LSEG Revenue: $1.19 billion vs. $1.12 billion expected by LSEG … Read more
Heading into the 2024 election in the U.S. and major political contests around the world, internet companies are unprepared for the onslaught of misinformation that’s coming. That’s according to research out Tuesday from Mozilla and CheckFirst, which concludes that leading tech platforms are lagging in their ad transparency tools. The study, conducted between December and … Read more
Who better than teenagers to know what’s trendy? Piper Sandler has released the spring edition of its semiannual “Taking Stock With Teens Survey,” with solid results for several names in our portfolio. We love scanning the report, which looks at a wide swath of Generation Z, roughly defined as people aged 11 to 26. In … Read more
Ericsson announced it is planning to cut jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Ericsson announced on Monday that it will lay off about 1,200 employees in Sweden as the telecommunications company faces slowed demand for its 5G equipment. The company said in a statement that the downsizing is … Read more
Reddit shares jumped as much as 70% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. … Read more
Jonathan Raa | Nurphoto | Getty Images Sarah Gilbert spends a lot of time on Reddit. For the past three years, she’s helped moderate the r/AskHistorians subreddit, which has 2 million members and was the subject of her Ph.D. dissertation. She’s been a lurker on the forum since 2012. But when the subject turns to … Read more
Visitors are visiting TikTok’s stand at the Appliance & Electronics World Expo (AWE) in Shanghai, China, on April 27, 2023. On March 14, 2024, the United States will pass a bill banning TikTok. CostFoto | Nurphoto | Getty Images The U.S. could be about to force ByteDance, the Chinese tech giant that owns TikTok, to … Read more
