Google pushes Apple to adopt RCS text messaging

Google pushes Apple to adopt RCS text messaging

Android mascots are lined up in the demonstration area at the Google I/O Developers Conference in the Moscone Center in San Francisco. Beck Diefenbach | Reuters Google, the developer of the Android, is increasing the pressure on Apple to adopt RCS, a next-generation standard for text messaging. It argues that Apple’s support of RCS would … Read more

Snap shares dive 35% following poor earnings report

Snap shares dive 35% following poor earnings report

In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Shares of Snap fell 35% Friday morning, a day after the company reported disappointing second-quarter results. Snap missed Wall … Read more

Asset manager names companies trading at a ‘sizable discount’

Asset manager names companies trading at a ‘sizable discount’

With stock markets yet to emerge from the doldrums of a brutal first half sell-off, investors are increasingly seeking strategies to preserve and grow their capital. Asset manager Jack Ablin tells CNBC how he’s trading the market volatility, highlighting some of his top stocks along the way. Investors should be putting their money in companies … Read more

We’re an entertainment app, not a social network like Facebook

We’re an entertainment app, not a social network like Facebook

ByteDance Ltd.’s TikTok app is displayed in the App Store on a smartphone in an arranged photograph taken in Arlington, Virginia. Andrew Harer | Bloomberg | Getty Images TikTok is fully aware that Meta CEO Mark Zuckerberg is retooling the Facebook and Instagram apps to be more like its own popular short video service. But … Read more

Tech companies lost $17 billion in Q1 as equity investments take a hit

Tech companies lost  billion in Q1 as equity investments take a hit

An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background. Amazon The tech sell-off of 2022 accelerated in the past couple weeks, with first-quarter earnings reports highlighting challenges like inflation, supply chain shortages and the war in Ukraine. For some tech leaders, the market swoon has created … Read more

TikTok looms large in tech earnings from Google, Facebook, Amazon

TikTok looms large in tech earnings from Google, Facebook, Amazon

Rafael Henrique | LightRocket | Getty Images As the heart of tech earnings season wraps up, one persistent theme has been weakness in the digital ad market. The war in Ukraine, rising inflation, Apple’s privacy changes and an overall pullback in ad spending help explain why Facebook, Google, Amazon and Twitter all reported disappointing revenue … Read more

Amazon takes $7.6 billion loss on Rivian stake from Q1 stock plunge

Amazon takes .6 billion loss on Rivian stake from Q1 stock plunge

RJ Scaringe, Rivian’s 35-year-old CEO, introduces his company’s R1T all-electric pickup and all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, November 27, 2018. Mike Blake | Reuters Amazon invested in electric vehicle maker Rivian in 2019 as part of a plan to go green. During the first quarter, it saw nothing … Read more

Facebook forecast points to possible revenue drop for the first time

Facebook forecast points to possible revenue drop for the first time

Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters Prior to the first quarter of this year, Facebook’s revenue growth had never sunk into the single digits. In the second quarter, it may not grow at all. Though shares of Facebook … Read more

5 things to know before the stock market opens Wednesday, April 27

5 things to know before the stock market opens Wednesday, April 27

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street to open higher after Nasdaq’s nearly 4% plunge Traders work on the floor of the New York Stock Exchange. NYSE US stock futures bounced Wednesday, getting a boost from Dow stock Microsoft’s more than 5% … Read more

Shopify plans a 10-for-1 stock split, eyes ‘founder share’ to protect CEO’s voting power

Shopify plans a 10-for-1 stock split, eyes ‘founder share’ to protect CEO’s voting power

The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. Chris Wattie | Reuters Ecommerce start-up Shopify said Monday it is planning a 10-for-1 stock split, while seeking shareholder approval for a “founder share” for its CEO Tobi Lutke to increase his voting power. Upon shareholders’ approval, Shopify will … Read more