Facebook, Twitter and digital ad stocks drop sharply after Snap earnings

The logos of Twitter, Facebook and Instagram on the screen of an iPhone. Tom Weller | DeFodi Images via Getty Images Shares of Facebook and Twitter and other social media and digital advertising companies are sharply down in after-hours trading, after Snap reported it missed revenue expectations in the third quarter as Apple‘s iPhone privacy …

Intel shares fall after company blames shrinking PC chip business on component shortages

Pat Gelsinger Horacio Villalobos | Corbis News | Getty Images Intel shares fell more than 6% on Thursday on a weaker-than-expected sales report and after the company blamed an industry-wide component shortage for its PC chip business shrinking 2% during the quarter. Intel CFO George Davis announced plans to retire in May 2022. Here’s how …

Snap plummets 25% after missing on revenue expectations

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 Snap stock fell 25% after reporting its third-quarter earnings on Thursday. The company’s revenue missed Wall Street expectations after …

Bumble, Duolingo lead rally in shares of app developers after Google slashes subscription fees

In this photo illustration the Duolingo logo seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Shares of app developers like Bumble, Duolingo and Roblox rose on Thursday after Google said it would reduce the company’s cut from subscriptions on its Android app store. The change by Google would cut the commission …

NTSB finds driver seat was occupied in fatal Tesla crash in Spring, Texas

The remains of a Tesla vehicle are seen after it crashed in The Woodlands, Texas, April 17, 2021, in this still image from video obtained via social media. Scott J. Engle | via Reuters The National Transportation Safety Board (NTSB) published an update Thursday on its investigation into a fatal crash involving a Tesla on …

Google slashes service fees in its app store after similar move by Apple

Sundar Pichai, Google testifies at congressional hearing, March 25, 2021. CNBC Google said on Thursday that it’s lowering service fees in its app store after a similar move by Apple, as both companies face pressure from lawmakers and regulators to make their mobile stores more accessible to developers. The service fee for subscriptions in the …

Amazon launches in-store pickup option for items from local businesses

An Amazon.com delivery driver carries boxes into a van outside of a distribution facility on February 2, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images Amazon is launching a new shipping option for shoppers who don’t want to wait for their package to arrive by mail. The company on Thursday rolled …

Google is still ‘all in’ on health care: Chief health officer Karen DeSalvo

Alphabet‘s Google is “still all in on health,” according to its chief health officer, despite the demise of its recent attempt at a formalized business unit for the health-care sector. The tech giant founded Google Health in 2018 and at one point grew it to 500 employees, but dissolved the unit in August. The department …

Huawei launches smartphone overseas despite U.S. sanctions crippling its mobile phone business

Customers at a Huawei licensed experience store shop for devices on October 30, 2020 in Suzhou, China. Fred Lee | Getty Images News | Getty Images GUANGZHOU, China — Huawei launched its mid-range Nova 9 smartphone overseas for the first time on Thursday, starting in Europe. The Chinese smartphone giant’s business overseas has been crippled …

Crypto exchange FTX raises $420 million from 69 investors, in meme funding round

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Cryptocurrency exchange FTX says it has raised $420 million in a new round of funding, valuing the company at $25 billion. The Bahamas-based firm said Thursday it raised …