Technology

In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Twitter has suffered a “massive drop in revenue” because of advertisers pausing spending on
Stripe co-founder and CEO, Patrick Collison Manuel Blondeau | Getty Images Online payments giant Stripe is laying off roughly 14% of its staff, CEO Patrick Collison wrote in a memo to staff Thursday. In the memo, Collison said the cuts were necessary amid rising inflation, fears of a looming recession, higher interest rates, energy shocks,
In this article DASH Follow your favorite stocksCREATE FREE ACCOUNT A bike messenger carries a DoorDash bag during a delivery in New York, Wednesday, Dec. 9, 2020. Michael Nagle | Bloomberg | Getty Images Shares of DoorDash popped more than 14% in extended trading Thursday after the food delivery company posted better-than-expected sales and total
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon has exited the trillion-dollar club. Shares of the e-retailer plunged 5.9% on Tuesday, falling for
David Wadhwani, president of Adobe’s Digital Media unit, speaks at Adobe’s Max conference in Los Angeles in October 2022. Adobe In September 2009, with the stock market still in the doldrums from the Great Recession, Adobe announced plans to spend $1.8 billion for marketing software vendor Omniture, its second-biggest acquisition ever at the time. Prior
TikTok owner ByteDance has launched a women’s fashion website called If Yooou. Pinduoduo launched an e-commerce site in the U.S. called Temu. The two companies are the latest Chinese tech giants to look to crack the international e-commerce market domianted by Amazon. Mike Kemp | In Pictures | Getty Images Pinduoduo and TikTok owner ByteDance
In this article TWTR Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, former U.S. President Donald Trump’s archived Twitter account is shown on a phone screen with the Twitter logo in the background. Sheldon Cooper | Lightrocket | Getty Images A decade ago, Twitter’s future was looking bright. The company was benefiting from
In this article AAPL META MSFT AMZN GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Facebook CEO Mark Zuckerberg Marlene Awaad | Bloomberg | Getty Images Other than Apple, it was a brutal earnings week for Big Tech. Alphabet, Amazon, Meta and Microsoft combined lost over $350 billion in market cap after offering concerning commentary for
In this article MSFT GOOG GOOGL META AMZN AAPL Follow your favorite stocksCREATE FREE ACCOUNT Tim Cook, chief executive officer of Apple Inc., outside the Apple Fifth Avenue store in New York, US, on Friday, Sept. 16, 2022. Jeenah Moon | Bloomberg | Getty Images Apple’s earnings received a drastically different reaction from investors than
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Mark Zuckerberg, chief executive officer of Meta Platforms Inc., demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Shares of Meta plunged 24% Thursday morning as investors